6 Best Travel Insurance in Singapore for Different Needs (2023)

Looking beyond just flight delays, lost phones and premium costs to get the right plan for holidays gone wrong.

Best Travel Insurance In Singapore For Different Needs

• Allianz Travel Insurance - Best for high medical coverage
• MSIG TravelEasy Travel Insurance - Best for pre-existing medical conditions, sports/adventures 
• Tiq Travel Insurance - Best for pre-existing medical condition, flight delay
• Starr TraveLead - Best for cruise vacation coverage
• Singlife Travel Insurance - Best for protection of your frequent flyer points
• FWD Travel Insurance - Best for budget single-trip plan

Searching for the best travel insurance can be a chore. That's why most of us may just end up either grabbing the cheapest one (which may leave you with inadequate coverage), or sticking with a particular insurer out of habit.

But take note that every individual has unique travel needs and preferences, and that requires a little more homework on the most suitable choice of travel insurance. 

In this article, we'll show you how you can find the best travel insurance plans base on your travel needs: 

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Table of Contents

• Best travel insurance for high medical coverage
• Best travel insurance for pre-existing medical conditions
• Best travel insurance for pre-existing medical conditions and sports/adventures
• Best for cruise vacation coverage
• Best travel insurance for budget single-plan trip
• Best travel insurance for protecting your miles and flight redemption
• Frequently asked questions on travel insurance

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Best travel insurance plans in Singapore 2023

Travel insurance	Best for	Benefit
Allianz Travel Insurance Apply Now	High medical coverage	Up to S$200,000 overseas medical coverage for individuals 69 years and below.   Up to S$50,000 medical coverage for 70 years and above in age.
MSIG TravelEasy Pre-Ex Apply Now	Pre-existing medical conditions, sports/adventures	One of the few plans on the market that does not exclude pre-existing medical conditions and maternity illnesses.
Tiq Travel Insurance Apply Now	Pre-existing medical condition and flight delays	For Entry Plan: Up to S$200,000 for overseas medical expenses (In Singapore: not covered)   Trip cancellation and loss of deposit: S$5,000
STARR TraveLead Travel Insurance Apply Now	Best for cruise	One of the few plans that offer cruise coverage as a rider   Up to additional S$3,000 trip cancellation and interruption, up to S$6,000 cruise cancellation and interruption by agency and covers for excursion tour cancellation and satellite phone
FWD Travel Insurance Apply Now	Budget single trip plan	Quick, hassle-free mobile claims via the FWD app.   Unlimited medical evacuation and full terrorism coverage.
Singlife Travel Insurance Apply Now	Protection of your frequent flyer points	Get refunded the value of a redeemed air ticket.   Covers trip cancellations for any reason.

Compare and purchase your travel insurance through SingSaver to get the best deals and discounts for your preferred coverage!

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Allianz Travel Insurance: Best for enjoying high medical coverage

If you want to get a plan with medical coverage, Allianz is a great travel insurance plan to go for. Just by getting the most basic tiered bronze plan, you’d be getting S$200,000 in coverage (for travellers ages 69 years and below). 

Even if you were to find yourself having ingested something contaminated or being at the wrong place at the wrong time, you could be sure that the benefit amount will see you through.

Upgrading to the platinum tier will unlock medical coverage for up to S$1 million for individuals aged 69 years and below.

Who should get this: Travellers who don't mind paying for a basic plan containing COVID-19 coverage. 

MSIG TravelEasy Pre-Ex: Covers pre-existing conditions and sports/adventures

If you’re like most of us, you don't really read the policy document cover to cover. But if you do, you’ll realise most policies do not cover claims resulting from pre-existing medical conditions. What does it really mean?

It means that if you have to cancel your trip due to a major asthma attack, chances are your claim will not be successful. Common pre-existing conditions include eczema, hypertension and diabetes. If you have any pre-existing condition, it’s best to get MSIG’s Pre-Ex travel insurance plan to be adequately covered.

MSIG does not have co-payment if you cancel, postpone, shorten or disrupt your trip due to a possible flare-up. 

(Note: The MSIG TravelEasy Pre-Ex includes what you would get under the regular TravelEasy plan.)

Who should get this: Travellers with pre-existing conditions that are under control. 

 

For the standard MSIG TravelEasy plan (which doesn't cover pre-existing conditions), do take advantage of the current promotion for your travel insurance needs. 

 

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Tiq Travel Insurance:  Best for travellers with pre-existing conditions

One of the rare few travel insurance plans that cover pre-existing conditions, Tiq Travel Insurance offers value-for-money coverage with its comprehensive plans.. A plus point is that it offers three tiers of coverage to cater to travellers with different budgets - Entry, Savvy, Luxury. 

The basic Entry plan covers common trip disruptions such as a trip cancellation (up to S$5,000) for any reason, baggage delay up to S$200 (S$100 per 6 hours), travel postponement (S$500), travel curtailment (S$3,000). It also covers personal accident (up to S$150,000) and personal liability (up to S$250,000)

For those who are used to travelling with your gadgets in tow, you’ll be reassured to know that the protection includes “Personal effects” of up to S$2,000 (S$250 per article, S$1,000 per laptop) for the basic Entry plan. 

Apart from COVID-19 add-ons (which are not available for the pre-ex plan), other optional riders include Child education: S$3,000 per child (up to S$15,000), rental car excess: Up to S$1,000, pet hotel cover: S$1,000 (S$50 for every 6 hours), sports equipment (up to S$4,000)

TIQ is the only insurer that allows you to claim for flight delays of at least 3 hours, while other insurers require at least 6 hours of travel delays. Their claim system is also automated, which means that you don't even have to file for a claim yourself!

Who should get this: Those with or travelling with family members with pre-existing conditions

Starr TraveLead Travel Insurance: Best for cruise coverage

Though Starr no longer offers their Cruise to Nowhere travel insurance policy, they do have a rider that provides cruise vacation coverage if you're planning on going one soon.

As one of the few insurers that provide a rider for cruises, they offer up to an additional S$3,000 trip cancellation and interruption and up to S$6,000 cruise cancellation and interruption by agency. They also cover for excursion tour cancellation and satellite phone, up to S$1,000 and S$200.

Aside from this, their coverage for other aspects is also quite decent. They offer up to S$1,000,000 medical expenses coverage, up to S$800 coverage for travel delay (S$100/6h), up to S$15,000 for trip cancellation and curtailment, and up to S$7,500 personal baggage loss coverage.

Who should get this: Travellers going on a cruise for vacation.

FWD Travel Insurance:  Budget single-trip plan

Since its disruption of the travel insurance market with digital claims, FWD is known for its ease of claims and application—all in a tap from your smartphone. But it also has plenty of value to offer for the kind of price point you’re getting. 

For the basic plan coverage (Premium), you may be getting a standard S$200,000 in overseas medical coverage and personal accident, up to S$300 in flight delays and per item of lost belongings, but don’t forget that you’re paying a lower premium (FWD offers regular discounts to boot) for this compared to other insurer’s travel insurance offerings. All tiers of FWD’s travel insurance come with unlimited medical evacuation and emergency repatriation.   

You could also opt for the COVID-19 add-on. This coverage includes trip cancellation costs and loss of deposit (pre-trip) up to S$5,000 and medical expenses (during or post-trip) up to S$200,000.

This is an excellent choice for those who are either travelling to faraway destinations and want to save money, or those planning a quick weekend getaway. 

Who should get this: Travellers who want more bang out of their buck. 

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Singlife Travel Insurance:  Best for protecting your miles and flight redemptions 

You diligently accumulate your miles, and then use them to redeem a free flight to your dream holiday. The dream turns into a nightmare as you’re forced to cancel or postpone your flight due to unforeseen circumstances.

But wait, not all is lost; unlike most other travel insurance plans, Singlife can help you to ‘claim’ back your redeemed miles. Once you file your claim and it’s verified that your miles are irrecoverable, you’ll be refunded the value of the airline ticket. 

One other key highlight is that the plan offers a trip cancellation benefit of S$5,000 for any reason at all, provided that you’ve purchased either the Plus or Prestige plan.  

Singlife also recently rolled out their new rainfall protection that provides a payout of up to S$150 should your trip be affected by excessive rainfall. This is applicable only for single trips (minimum 3 days) where more than 50% of the trip duration is affected by rainfall levels of >6.4mm in a 24-hour period.

On top of that, Singlife is the only insurer that allows you to cancel your trip without any reasons and claim for it up to S$5,000, if you opt for the Travel Plus and Travel Prestige plans.

Who should get this: Hardcore miles credit card users

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Frequently Asked Questions on Travel Insurance

Is travel insurance worth the cost?

Depending on the insurer, travel insurance policies typically provide the following coverage:

- COVID-19 Coverage

- Personal accident

- Medical expenses (Overseas and Local)

- Travel delay/diversion

- Baggage delay/damage

- Trip cancellation

- Overbooked flight

- Loss of travel documents such as your passport and visa

- Emergency medical evacuation and repatriation

- Loss of personal belongings

- Terrorism

- Adventurous activities

There are also add-ons you can add to the travel insurance, such as coverage for sports equipment, overseas wedding and photoshoot, rental vehicle excess cover and more.

Most travel insurance policies cover the loss of travel documents. The policy will cover the cost to replace these documents as well as the transport expenses incurred during the process.

You must report the loss to the local police within 24 hours after the incident and obtain a written statement from them which will help with the claims. You should also report your lost passport to the nearest Singapore Overseas Mission immediately.

Can I buy travel insurance if I am already overseas?

Once you’re overseas, you won't be able to buy travel insurance so you will need to purchase your plan before leaving Singapore for your overseas trip.

Insurers are unlikely to cover you if you purchase travel insurance after your trip begins. For example, insurers such as Singlife and Allianz Travel state on their website that the travel insurance has to be purchased before departing Singapore.

Can foreigners buy travel insurance in Singapore?

There are specific insurers that offer foreigners travel insurance.

Foreigners in Singapore can buy travel insurance from NTUC Income, FWD, Tiq, Sompo, Allianz Travel, and AIG. You will need to provide your FIN and show your employment pass or work permit when applying.

You may also refer to our travel insurance page for more information.

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Save up for your next trip by opening a Citi Plus Account where you can earn high interest on your savings with their Citi Interest Booster Account.

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Protected up to specified limits by SDIC.

Note: This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that are not suitable for you may impact your ability to finance your future healthcare needs.

If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

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Find More About Travel Insurance Providers

Compare and make the best decisions to find the best travel insurance providers for your needs

• Find Out About HL Assurance Travel Insurance Singapore
• Find Out About MSIG Travel Insurance Singapore
• Find Out About Starr Travel Insurance Singapore
• Find Out About Sompo Travel Insurance Singapore
• Find Out About Great Eastern Travel Insurance Singapore
• Find Out About Allied World Travel Insurance Singapore

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