Every spending situation is unique. SingSaver assembles the ‘Best For‘ list, so you can decide what’s best for you.
Looking beyond just flight delays, lost phones and premium costs to get the right plan for holidays gone wrong.
Looking for the best travel insurance can be a chore. That’s why most of us may just end up either grabbing the cheapest one on offer (which may leave you with inadequate coverage), or stick 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.
For this reason, we created this list summing up the best plan for each category, plan type and the benefits. With the homework done for you, you can simply click to buy and head off to the boarding gate with a peace of mind.
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Receive S$150 Cash when you apply for a Citi Plus account through Singsaver, deposit S$15K within 2 months from the month of account opening, and maintain the funds for 4 months after funding in. Fulfilment will be done within 3 months from the end of the fund maintenance period. Valid till 31 October 2022. T&Cs apply.
Best travel insurance plans
|Travel insurance||Best for||Benefit|
|Allianz Travel Insurance (Bronze)||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.
|Singlife Travel Insurance (Lite)||Protection of your frequent flyer points||Get refunded the value of a redeemed air ticket.
Covers trip cancellations for any reason.
|FWD (Premium)||Budget single trip plan||Quick, hassle-free mobile claims via the FWD app.
Unlimited medical evacuation and full terrorism coverage.
|MSIG TravelEasy Pre-Ex||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.|
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 (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 can 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.
Allianz Travel Insurance Promotion: Use the promo code TRAVEL12 to get 12% off all Travel Insurance Plans (Single Trip, Family and Annual). Plus, receive S$20 cashback when you apply for a min. premium of S$125. Valid till 30 Sep 2022. T&Cs apply.
Allianz Travel Insurance includes coverage for both COVID-19 and Cruises to Nowhere.
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 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.
Who should get this: Hardcore miles credit card users
SingSaver Promotion: Use the promo code TRAVEL18 for a 18% discount off your Single Trip premium when you apply. Valid till 30 September 2022. T&Cs apply.
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.
FWD Travel Insurance Promotion: Use the promo code FWD6 to get 20% off your premium when you apply for an FWD Travel Insurance policy. Valid till 30 September 2022. T&Cs apply.
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 be getting under the regular TravelEasy plan.)
Who should get this: Travellers with pre-existing conditions that are under control.
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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.
Read these next:
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What Does ‘Complimentary Travel Insurance’ by Credit Cards Cover And Is It Enough?
If I Get COVID-19, What Will I Need To Pay?