Travelling overseas soon and want a comprehensive travel insurance without blowing the budget? Here are the top travel insurance plans that provide the best bang for your buck.
Best Travel Insurance in Singapore on SingSaver
Allianz Partners Travel Insurance | AIG Travel Guard® Direct | FWD Travel Insurance | Singlife Travel Insurance | MSIG TravelEasy | Etiqa (TIQ) Travel Insurance
If you’re jetting off overseas soon, you’re probably scouring for a travel insurance plan to protect you from any travel inconveniences that might happen before or during your trip.
While it's important to purchase travel insurance, it doesn’t mean that you should go with the highest-priced plan and be overinsured. Likewise, going for the cheapest plan isn’t always the best option either, as you could end up spending more money if the coverage isn’t adequate.
Since there’s no one-size-fits-all plan, the price and benefits vary from one another. That said, you should have a plan that provides coverage for these basic benefits:
- Personal accident (accidental death & total permanent disability (TPD))
- Overseas medical expenses
- Medical expenses in Singapore
- Trip cancellations
- Travel delays
- Baggage delays
- Baggage loss
Based on the benefits above, we combed through various travel insurance plans to determine which offers the best value in terms of what you receive in return for the premium you pay. Note that these consist of basic-tiered plans.
SingSaver's Best Price Travel Campaign: All successful applicants of participating Travel Insurance products will receive 1x draw chance to enter our weekly lucky draw where 1 lucky winner will stand to have their flight ticket reimbursed (up to a maximum of $2,000). Valid till 31 July 2023. T&Cs apply.
Travel Insurance | Premium for Individual Cover | Covid-19 Coverage | Promotion |
Allianz Travel Insurance![]() |
from S$34.10 (for 1 week in Asean) | Yes |
Use promo code AzSSV to get a 45% discount (Exclusive to SingSaver) and up to $60 via PayNow.
Valid till 30 May 2023. T&Cs apply |
MSIG Travel Easy![]() |
from S$34.10 (for 1 week in Asean) | Yes |
Score an Airalo eSIM with 1GB data and receive it within 4 working days when you apply now! Valid till 12 June 2023. T&Cs apply.
Enjoy 40% off your Single Trip premium and 20% off your Annual Trip premium. Plus, receive up to S$38 via PayNow when you apply.
Valid till 31 July 2023. T&Cs apply. |
Etiqa (TIQ) Travel Insurance![]()
|
from S$39 (for 1 week in Asean) | Yes |
Single Trip: Use promo code TIQSINGSAVER to enjoy 40% off when you apply.
Annual Trip: Use the promo code TIQSINGSAVER to enjoy a 60% discount and S$20 cashback on your COVID-19 add-on. Valid till 18 June 2023. T&Cs apply. |
Starr TraveLead Travel Insurance![]() |
from S$11.05 (for 1 week in Asean) | Yes |
Use the promo code SSVTL35 to enjoy up to S$48 via PayNow, a 35% discount, plus an exclusive Agoda promo code.
Valid till 30 June 2023. T&Cs apply. |
FWD Travel Insurance![]()
|
from S$22.50 (for 1 week in Asean) | Yes |
Use the promo code TRAVEL25 to get 25% off on Single Trip and Annual Trip plans.
Valid till 29 May 2023. T&Cs apply.
|
AIG Travel Guard® Direct
|
from S$30 (for 1 week in Asean) | Yes |
Score an Airalo eSIM with 1GB data and receive it within 4 working days when you apply now! Valid till 16 June 2023. T&Cs apply.
Single Trip: Use promo code SSFLASHSALE to get 10% off and up to $50 Dairy Farm eVoucher (fulfillment by AIG).
Valid till 30 June 2023. T&Cs apply. |
Best-priced travel insurance providers overview
According to our research, for every dollar you pay:
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FWD is the best-priced and cheapest travel insurance plan to ASEAN and Asia Pacific (APAC) for single trips. It offers the highest coverage for accidental death and TPD coverage; overseas medical expenses; trip cancellations; and loss of baggage. It’s also the best plan for annual trips to APAC.
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Starr is the best-priced and cheapest travel insurance plan to worldwide destinations for single trips. It offers the highest coverage for overseas medical expenses, medical expenses in Singapore, and loss of baggage to worldwide destinations.
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Singlife is the best-priced and cheapest travel insurance plan to ASEAN for annual plans. It offers the highest coverage for overseas medical expenses, baggage delays, and loss of baggage.
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Allied World is the best-priced and cheapest travel insurance plan to worldwide destinations for annual plans. You get the highest coverage for trip delays and baggage delays.
Here’s how the plans fare against each other:
FWD Vs Starr Vs Singlife Vs Allied World: premiums and benefits (single trips)
Insurers |
FWD |
Starr |
Singlife |
Allied World |
Premiums (7 days ASEAN) |
S$30 |
S$34 |
S$43.51 |
S$41 |
Premiums (7 days APAC) |
S$32.40 |
S$34 |
S$53.95 |
S$51 |
Premiums (7 days worldwide) |
S$50.40 |
S$42 |
S$80.25 |
S$78 |
Accidental death and TPD |
S$200,000 |
S$150,000 |
S$50,000 |
S$150,000 |
Overseas medical expenses |
S$200,000 |
S$200,000 |
S$250,000 |
S$200,000 |
Medical expenses in Singapore |
S$6,000 |
S$15,000 |
S$10,000 |
S$10,000 |
Trip cancellation |
S$7,500 |
S$5,000 |
S$5,000 |
S$5,000 |
Travel delays |
S$300 |
S$500 |
S$500 |
S$1,000 |
Baggage delays |
S$150 |
S$400 |
S$500 |
S$1,000 |
Baggage loss |
S$3,000 |
S$3,000 |
S$3,000 |
S$3,000 |
Singlife Travel Insurance Promotion: Enjoy a 25% discount with the promo code TRAVEL25. Valid till 31 May 2023. T&Cs apply.
FWD vs Starr Vs Singlife Vs Allied World: premiums and benefits (annual trips)
Insurers |
FWD |
Starr |
Singlife |
Allied World |
Premiums (annual ASEAN) |
S$259.55 |
S$343 |
S$232 |
N.A |
Premiums (annual APAC) |
S$275.50 |
S$366 |
S$250 |
S$266 |
Premiums (annual worldwide) |
S$345.10 |
S$443 |
S$307 |
S$368 |
Accidental death and TPD |
S$200,000 |
S$150,000 |
S$50,000 |
S$150,000 |
Overseas medical expenses |
S$200,000 |
S$200,000 |
S$250,000 |
S$200,000 |
Medical expenses in Singapore |
S$6,000 |
S$15,000 |
S$10,000 |
S$10,000 |
Trip cancellation |
S$7,500 |
S$5,000 |
S$5,000 |
S$5,000 |
Travel delays (how many hours |
S$300 |
S$500 |
S$500 |
S$1,000 |
Baggage delays (how many hours) |
S$150 |
S$400 |
S$500 |
S$1,000 |
Baggage loss (how many hours) |
S$3,000 |
S$3,000 |
S$3,000 |
S$3,000 |
Allied World Travel Insurance Promo:
Single Trip: Enjoy 40% off your Single Trip Plan when you apply now. Valid till 30 June 2023. Covid-19 coverage is offered as a rider with this plan. T&Cs apply.
Annual Trip: Enjoy 20% off your Annual Trip Plan when you apply now. Valid till 30 June 2023. T&Cs apply.
Coverage you get from every dollar you pay (single trip plans/per week):
Benefits |
FWD |
Starr |
Singlife |
Allied World |
Accidental death and TPD |
S$6,667 (ASEAN) |
S$4,412 (ASEAN) |
S$1,149 (ASEAN) |
S$3,659 (ASEAN) |
Overseas medical expenses |
S$6,667 (ASEAN) |
S$5,882 (ASEAN) |
S$5,746 (ASEAN) |
S$4,878 (ASEAN) |
Medical expenses in Singapore |
S$200 (ASEAN) |
S$441 (ASEAN) |
S$230 (ASEAN) |
S$244 (ASEAN) |
Trip cancellations |
S$250 (ASEAN) |
S$147 (ASEAN) |
S$115 (ASEAN) |
S$122 (ASEAN) |
Travel delays |
S$10 (ASEAN) |
S$15 (ASEAN) |
S$11 (ASEAN) |
S$24 (ASEAN) |
Baggage delays |
S$5 (ASEAN) |
S$12 (ASEAN) |
S$11 (ASEAN) |
S$24 (ASEAN) |
Loss of baggage |
S$100 (ASEAN) |
S$88 (ASEAN) |
S$69 (ASEAN) |
S$73 (ASEAN) |
FWD Travel Insurance Promotion: All successful applicants of FWD Travel Insurance will receive 1x draw chance to enter our Weekly Lucky Draw where 1 lucky winner will stand to have their flight ticket reimbursed (up to a maximum of S$2,000). Valid till 31 July 2023. T&Cs apply.
Use the promo code TRAVEL25 to get 25% off on Single Trip and Annual Trip plans. Valid till 29 May 2023. T&Cs apply.
Coverage you get from every dollar you pay (annual plans):
Benefits |
FWD |
Starr |
Singlife |
Allied World |
Accidental death and TPD |
S$771 (ASEAN) |
S$437 (ASEAN) |
S$216 (ASEAN) |
S$687(APAC) |
Overseas medical expenses |
S$771 (ASEAN) |
S$583 (ASEAN) |
S$1,078 (ASEAN) |
S$1,031 (APAC) |
Medical expenses in Singapore |
S$23 (ASEAN) |
S$44 (ASEAN) |
S$43 (ASEAN) |
S$52 (APAC) |
Trip cancellations |
S$29 (ASEAN) |
S$15 (ASEAN) |
S$22 (ASEAN) |
S$17 (APAC) |
Travel delays |
S$1 (ASEAN) |
S$1 (ASEAN) |
S$2 (ASEAN) |
S$4 (APAC) |
Baggage delays |
S$1 (ASEAN) |
S$1 (ASEAN) |
S$2 (ASEAN) |
S$4 (APAC) |
Loss of baggage |
S$12 (ASEAN) |
S$9 (ASEAN) |
S$13 (ASEAN) |
S$17 (APAC) |
Based on the coverage above, the following provides the highest coverage-to-value ratio:
- FWD is the best for accidental death and TPD, overseas medical expenses, trip cancellations, and baggage loss.
- Star is the best for medical expenses in Singapore
- Allied World is the best for trip delays and baggage delays
SingSaver's Starr TraveLead Exclusive Promotion: All successful applicants of Star TraveLead will receive 1x draw chance to enter our Weekly Lucky Draw where 1 lucky winner will stand to have their flight ticket reimbursed (up to a maximum of S$2,000). Valid till 31 July 2023. T&Cs apply.
Get up to S$48 via PayNow, a 35% discount PLUS an exclusive Agoda promo code when you apply using the promo code SSVTL35. Valid till 30 June 2023. T&Cs apply.
Enjoy additional coverage by adding Trip or Baggage coverage for an absolute peace of mind. Increase COVID-19 medical expenses coverage and protection against trip cancellations due to COVID-19 when you select either the Gold or Silver plans. T&Cs apply.
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