Safeguard your holiday with the right travel insurance plan. Not all trips require the same kind of travel insurance. Use these 3 questions to figure out what type of travel insurance you need.
Travel insurance covers you only for the duration of your trip (and usually before and after too). Having said that, not all trips require the same kind of travel insurance. These 3 questions will help you figure out what type of travel insurance you need:
1) What insurance do you currently have?
Your existing insurance plan may cover you in case of accidents, hospitalisation, or death. But check if that protection applies in Singapore only, or extends worldwide.
For example, your accidental death and injury plan may provide global coverage, while your hospitalisation benefits only apply to Singapore. In this case, you would receive a payout for the accident and injuries you suffered, but will have to pay out of pocket for any hospital fees incurred overseas. Worldwide medical coverage plans are usually rare and expensive.
However, global care plans are also likely to include coverage for emergency evacuation and repatriation, which covers the cost of flying you back to Singapore for treatment.
Confirm what your existing insurance plans cover you for and where. If you have sufficient protection in your destination (including evacuation and repatriation), travel insurance might not be necessary.
2) What will you be doing on your trip?
Just because you’re covered for every possible mishap doesn’t give you the licence to jump out of airplanes at the word “Geronimo!” – not even if that’s the specific purpose of your trip.
You see, insurance is less like your cool bachelor surfer uncle, and more like your buttoned-up, eyeglass-pushing one. Insurance exists to cover you against risks of daily life. It’s not so you can go swimming with manta rays during their annual mass migration.
Read the fine print of your insurance policies, and you’ll quickly find a list of dangerous activities that disqualify you for coverage, should anything untoward happen while you’re engaged in those activities.
Hence, if you’re flying to Italy to take part in the running of the bulls, followed by a hot air balloon ride before dropping into the sea for free-diving and spearfishing, know that whatever travel insurance plan you signed up for will be voided. Instead, you need a separate insurance plan for extreme sports and risky activities.
Even if you manage to find an insurer brave enough to insure you, be prepared to pay a hefty premium.
SingSaver's Best Price Travel Campaign: All successful applicants of participating Travel Insurance products will receive 1x (single trip) or 3x (annual trip) 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) and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Valid till 31 December 2023. T&Cs apply.
Travel Insurance | Premium for Individual Cover | Covid-19 Coverage | Promotion |
FWD Travel Insurance
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from S$22.50 (for 1 week in Asean)
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Yes
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Use the promo code FWDDAY23 to get 25% off on Single Trip and Annual Trip plans. Valid till 3 October 2023. T&Cs apply.
Receive 1x Airalo eSim with up to 3GB data (minimum premium $60). Valid till 30 October 2023. T&Cs apply.
|
Etiqa (TIQ) Travel Insurance
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from S$39 (for 1 week in Asean)
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Yes
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Single Trip: Use the promo code TIQSINGSAVER to get 40% off. T&Cs apply. Valid till 31 Oct 2023. T&Cs apply.
Annual Trip: Use promo code TIQSINGSAVER to get 60% off COVID-19 add-on + $20 cashback. Fulfillment by TIQ. Valid till 31 Oct 2023. T&Cs apply.
Enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply.
Additionally, stand to win S$3,000 in TIQ Travel Insurance Monthly Lucky Draw Campaign 2023 (Fulfillment by TIQ). Valid till 31 Dec 2023. T&Cs apply. |
Starr TraveLead Travel Insurance
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from S$11.05 (for 1 week in ASEAN)
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Yes
|
Get up to $50 Grab Vouchers (min. Premium $30) and get 35% off when you use promo code SSVTL35. Valid till 31 Oct 2023. T&Cs apply.
Additionally, enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw. 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply. |
Allianz Travel Insurance
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from S$34.10 (for 1 week in Asean)
|
Yes
|
Use promo code SSV45 to get 45% discount plus get up to $35 Grab Vouchers when you apply NOW! Valid till 31 October 2023. T&Cs apply.
Additionally, enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply. |
MSIG Travel Easy
|
from S$34.10 (for 1 week in ASEAN)
|
Yes
|
Enjoy 40% off when you apply for Single Trips and 20% off for Annual Plan plus get up to $38 Grab Vouchers when you purchase now!! Valid till 31 October 2023. T&Cs apply
Enjoy up to 3x chances to enter our Weekly Lucky Draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. T&Cs apply. |
Singlife Travel Insurance
|
from S$46.20 (for 1 week in ASEAN)
|
Yes
|
Score an Airalo eSIM with up to 3GB data and receive it before you fly when you apply now! Valid till 31 October 2023. T&Cs apply.
Additionally, enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply.
|
Allied World Travel Insurance
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from S$45 (for one week in Asean)
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Yes
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Enjoy a 45% discount for Single Trip and 15% discount for Annual Trip when you apply now! Valid till 30 Nov 2023. T&Cs apply.
Enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply |
AIG Travel Guard® Direct
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from S$30 (for 1 week in Asean)
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Yes
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Single Trip: Apply promo code SSTGD and receive up to $50 worth of Grab eVouchers! (minimum premium $60, fullfilment by AIG) Valid till 6 Oct 2023. T&Cs apply.
Annual Trip: Get up to 6 Plaza Premium Lounge Access Passes with the promo code SSTGD when you apply NOW! Fulfillment by AIG. Valid till 6 Oct 2023. T&Cs apply.
Additionally, enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply. |
Great Eastern Travel Insurance
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from S$52 (for one week in Asean)
|
Yes
|
Enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. T&Cs apply. Promotion ends on 31 December 2023. T&Cs apply. |
3) Who and what is going on the trip with you?
Are you travelling with relatives, kids or elderly in tow? You might want to compare travel insurance plans which cover the entire family. Research the age limits of coverage for seniors’ travel insurance to ensure they too get the required protection.
Also check if anyone in the group has any pre-existing conditions that might exclude them from strenuous activities, which might make any claims void.
When it comes to property, laptops, camera, watches, bags and jewellery can all cost a pretty penny. Check the maximum cap amount you can claim for each item too.
Compare and apply for the best travel insurance on SingSaver
Now that you know what you need to consider, we've also summarised some of the best travel insurance promotions on the market here; all you need to do is just pick the one that suits your needs and price point. Alternatively, compare and apply through our comparison table for great savings as well.
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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