Get free travel insurance coverage throughout your trip when you charge to these credit cards!
Travel insurance is the last thing you want to think about when you’re gearing up for that long-awaited holiday. Yet, should you happen to encounter a mishap or accident, having insurance protection will prove to be invaluable.
Luckily for us, some credit cards come with free travel insurance plan. All you have to do is to charge the full cost of your tickets or travel package to the card to qualify. It’s like getting free money in case something goes wrong during your trip (knock on wood).
We compared different credit cards in Singapore to find the ones with the best free travel insurance plans. But before we show you our recommendations, it helps to understand what your insurance coverage should include.
What Does Credit Card Travel Insurance Cover?
The travel insurance offered by your credit card covers 3 main areas. For each, you can claim up to a specified maximum amount.
Should you suffer an accident while overseas or in transit, your travel insurance may be able to pay you a pre-determined sum.
Usually, this amount is paid out in the event of death, or serious injuries with permanent effects, such as loss of use of limbs or sight. Less serious injuries (eg, loss of digits or hearing), may qualify for a portion of the maximum coverage.
Overseas Emergency Medical Assistance
Some travel insurance plans also include overseas emergency medical assistance coverage, which is useful for covering hospital bills and medical services incurred overseas.
Note that this claim can only be made in the event of accidental injury requiring medical treatment, emergency evacuation and/or repatriation. This means that you cannot make a claim should you need to visit the hospital because of illness or a pre-existing condition.
If you or an accompanying family member has a health issue that might require medical attention while overseas, you should get your own personal health insurance coverage.
Do not try to rely solely on your credit card travel insurance, as your claims will likely not be awarded.
Credit card travel insurance also covers you in the event of disruptions and inconveniences to your travel plans.
If you encounter a flight delay that causes you to miss your connecting flight, or if your luggage gets lost or delayed, you’ll have to spend extra money on accommodation and meals and buy replacement clothing, personal effects and other necessities.
Save your receipts if this should occur to help you make a claim – you could be reimbursed for part or all of the extra costs you incur.
Some travel insurance also covers you in the case of flight cancellations, or if medical conditions cause a delay in your travel plans.
Which Credit Cards Offer Free Travel Insurance in Singapore?
|Credit Cards with Free Travel Insurance in Singapore|
|Credit Card||Best For…||Key Credit Card Benefits||Travel Accident Coverage|
|Maybank Horizon Visa Signature Card||All-round Local Spenders||Up to 3.2 miles per S$1 spent in Singapore||S$1,000,000 when you charge air tickets or travel packages in full to this card|
|DBS Altitude Visa Signature Card||Trendy Jetsetters||Up to 1.2 miles per S$1 spent in Singapore
Up to 2 miles per S$1 spent overseas
|S$1,000,000 when you charge air tickets or travel packages in full to this card|
|UOB PRVI Miles Visa Card||Global Spender||Up to 1.4 miles per S$1 spent in Singapore
Up to 2.4 miles per S$1 spent overseas
|S$500,000 when you charge your travel expenses to this card|
|UOB One Card||Young Travellers||Up to 5% cash rebate on ALL retail spend or S$1,200 rebate in a year
(Up to 3.33% rebate for spend below S$2,000 per month)
|S$500,000 when you book your air tickets with this card|
For All-Round Local Spenders: Maybank Horizon Visa Signature Card
Besides that, you also earn 2 air miles (5X TREATS Point) per S$1 spent on flights, travel packages and foreign currency transactions.
Travel accident insurance coverage of up to S$1,000,000 is available when you charge your full travel fares (including the fares of your spouse and dependent children under the age of 23) to your Maybank Credit Card.
You and your family members can also claim up to S$400 for expenses incurred (hotel accommodations, meals and refreshments) as a result of travel inconveniences like missed flight connections over 12 hours.
For luggage delay, you and your insured family members will be indemnified of up to S$400 for emergency purchases of essential clothing. Luggage loss claims can be made if your checked-in luggage is not delivered within 48 hours and you and your insured family members may claim up to S$1,000 for necessary purchases as a result of such a loss.
Maybank’s complimentary travel insurance also covers the costs of repatriation of mortal remains and will cover up to S$5,000 per person. Maybank Horizon Visa Signature Card’s travel coverage is a good option for you if you enjoy the attractive miles to dollar rate but still want to be assured of basic travel insurance when you travel overseas.
For Trendy Jetsetters: DBS Altitude Visa Signature Card
The DBS Altitude Visa Signature Card gives you 1.2 miles and 2 miles per S$1 spent locally and overseas, respectively. Besides that, you earn a high 3 miles per S$1 spent on online flights (i.e. Cathay Pacific, Singapore Airlines, Qatar Airways etc) and overseas accommodation booked through sites like Airbnb, Agoda and Expedia.
The DBS Altitude Visa Signature Card is not only a great card to charge your holiday-related expenses on. Cardholders and spouses are covered for up to S$1 million in the event of a travel accident, while children are covered for up to S$250,000.
Their travel insurance coverage also includes terrorism and disappearance extensions, which are unique extensions not commonly included in travel insurance plans.
For Global Spenders: UOB PRVI Miles Visa Card
The minimum spend and cap on miles earned at all times is an important consideration for miles card users. If that’s the case, then you’ll be glad to know that the UOB PRVI Miles Visa Card offers you not just that, but a fairly high 2.4 miles for every S$1 spent overseas and 1.4 miles for every S$1 spent locally.
UOB PRVI Miles Visa Card’s travel insurance coverage takes care of both the cardholder and their spouse. Cardholders and their spouses are insured for up to S$1,000,000.
It also covers claims of up to S$800 for travel inconveniences to the cardholder, including connecting flight delay, luggage delay and loss of luggage. On top of that, the insurance offers claims for accidents resulting in bodily injuries, all important inclusions if you want to feel secure while you are on your holiday.
For Young Travelers: UOB One Card
Another credit card with a good travel insurance plan is the entry-level UOB One Card, a cashback card that gives you up to 5% cash rebate on all retail spend, or S$1,200 rebate in a year (up to 3.33% rebate if you don’t manage to hit the minimum spend of S$2,000 every month).
Additionally, you enjoy 10% SMART$ rebate at over 300 participating merchants across dining, groceries, shopping and more. If you’re a driver, you’ll also be delighted at offerings for petrol savings– 20.8% at Shell petrol stations and 24% at SPC.
The complimentary travel insurance offered by UOB One Card is available when you book your air tickets under the card. Apart from enjoying S$500,000 for travel-related personal accident coverage, cardholders are also insured of up to S$50,000 for emergency medical assistance.
Cardholders are also able to access an assistance hotline for medical emergencies, and emergency evacuation and repatriation services. While this particular card only offers travel insurance to the cardholder, it is still worthy to note that you may claim higher benefits if you are the cardholder of another UOB card that has higher insurance coverage.
But wait, before you go!
The complimentary travel insurance perk shouldn’t be your determining factor in deciding which credit card is best for you. For some, their spending habits and styles may align with another credit card that does not have the travel insurance plan suitable for you. More importantly, you should look at the card’s benefits on a whole, while seeing the complimentary travel insurance provided as an added bonus that you enjoy.
Another important note is to check the exact details of coverage for the free travel insurance and to buy your own if you need extra coverage. For example, you may have a pre-existing medical condition that the free travel insurance coverage excludes, or you may be travelling to a country where it costs way more than your coverage offers for medical treatments. In these scenarios, it might make more sense to get more coverage so you can have peace of mind.
Compare different travel insurance plans to find the best and most suitable coverage for you on your trip. Alternatively, check out our summary of Best Travel Insurance 2019 to check out which travel insurance plan you should consider based on your major concerns.
Read This Next:
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7 Steps For Faster Travel Insurance Claims
What Type of Travel Insurance Should You Buy?
6 Times You Wish You Had Bought Travel Insurance
Did You Know These 5 Things Can Be Covered With Travel Insurance?
By Alevin Chan
A Certified Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimise happiness and enjoyment in his life.