Best Cheap International Travel Insurance Providers in Singapore

Seeking cheap travel insurance is common among Singaporean travellers aiming to safeguard their well-being and finances while abroad. 

However, should one prioritise affordability or opt for a more comprehensive travel insurance plan? The answer depends on individual needs. If you have travellers in their 70s or over, or if you have pre-existing medical conditions, it may be worth considering travel insurance plans with better coverage.

Typically, a comprehensive plan covering trip cancellations, medical expenses, baggage protection, and other potential issues will cost around 5%-10% of the trip's total expense.

For instance, a comprehensive policy for a trip costing S$2,000 might range from S$100 to S$200. Factors like trip cost and duration, travellers' ages, and desired protection levels significantly impact the plan's price.

Find out more: Do You Need Insurance To Rent a Car Overseas?

How we chose the best affordable travel insurance

When seeking the best travel insurance plans, we considered several key factors.

• Price: Affordability is paramount for travellers seeking budget-friendly travel insurance options.

• Coverage scope: The optimal budget travel insurance plan offers a broad spectrum of protections at a reasonable cost, ensuring coverage for various travel scenarios.

• Specialised or customisable features: While many plans offer standard protections, some provide unique coverage tailored to specific needs, such as "Cancel For Any Reason," cruise-specific coverage, or protection for pre-existing health conditions. We prioritized plans that offer a balance of cost-effectiveness and essential coverage, rather than the most expensive, comprehensive options.

Find out more: When is Annual Travel Insurance Worth the Extra Cost?

Cheap travel insurance plans and comparison for best deals

We examined travel insurance quotes for a simulated 10-day trip to Tokyo in 2025. The traveller is a Singaporean male flying to Japan alone.

Best dependable but cheap travel insurance companies

1. Starr TraveLead Comprehensive with COVID-19 Coverage (Silver Plan) from S$39

Reasons for choosing this:

• Fast checkout

• Unlimited emergency medical evacuation and repatriation

• Free coverage for child under family plan

Starr TravelLead Insurance is ideal for adventurous Singaporeans who prioritize robust medical protection, COVID-19 medical expenses, and want optional add-on coverage for activities like scuba diving and snow sports.

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2. Allianz Travel Hero - Elite from S$42

Reasons for choosing this:

• Child coverage same as adults

• Affordable COVID-19 coverage without sub-limits

• Reimburse purchase of essential items for baggage delays

Allianz Travel Insurance is well-suited for cautious Singaporean travellers who seek comprehensive protection against unexpected events, especially epidemics and severe weather, with strong emergency support.

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3. Income Travel Insurance Classic Plan from S$43

Reasons for choosing this:

• The only insurer that allows post-departure purchase

• Exclusive deals for Income policyholders

Income Travel Insurance caters to frequent Singaporean travellers who value flexibility and require reliable coverage for various travel scenarios, including those with pre-existing conditions.

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4. MSIG Standard Plan from S$36

Reasons for choosing this:

• Fast checkout

• High post-trip local medical coverage

• Comprehensive medical coverage 

• Coverage for large groups

MSIG provides value for money protection for Singaporean travellers seeking extensive COVID-19 coverage and safeguards against travel disruptions and financial risks like travel agency insolvency.

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5. Singlife Travel Lite from S$44

Reasons for choosing this:

• Comprehensive outdoor activities coverage

• Further 15% off for MINDEF/MHA/POGIS policyholders

Singlife Travel Insurance appeals to Singaporean travellers who prioritize high medical coverage and appreciate a seamless, digital claims process.

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6. Great Eastern TravelSmart Premier Classic from S$55

Reasons for choosing this:

• High overseas medical coverage

• High trip cancellation coverage

• High baggage delay coverage

Great Eastern Travel Insurance is designed for Singaporean travellers who seek extensive coverage for various travel needs, including adventurous activities, lost baggage, and protection for home contents and extended stay at kennels or catteries for pets.

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7. Direct Asia Travel Insurance - Voyager 150 from S$30

Reasons for choosing this:

• Unique add-on: Cover your maid under the family plan

• Children get same coverage as adults

• Cover up to 4 children for free with Family Plan

• High value car rental excess coverage

• High value travel delay coverage

Direct Asia Travel Insurance is ideal for Singaporean families traveling internationally, offering comprehensive coverage and specialized options for domestic helpers.

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Maximising your rewards

Find a travel credit card that matches your priorities. Here are our top travel credit card recommendations in Singapore.

• Best for flat rate rewards: Citi Cash Back+ Card

• Best for flexibility and bonuses: UOB PRVI Miles Visa Card

• Best for portal benefits: DBS Altitude Visa Signature Card

• Best for cashback on travel bookings: Standard Chartered Simply Cash Credit Card

• Best for luxury perks: Citi Prestige Card

• Best for business travellers: Citi PremierMiles Card