Best Travel Insurance In Singapore

Best Travel Insurance In Singapore – COVID-19 and Travel: While Singapore and certain neighboring countries are seeing success in reducing COVID-19 transmission and opening up their international borders, be aware that COVID-19 transmission still persists in many countries. We therefore recommend following the Ministry of Health’s travel advice; follow all pre- and post-travel guidelines at your destination and upon return to Singapore; and buy travel insurance that provides cover for COVID-19.

To find the best travel insurance companies in Singapore, looked through dozens of travel insurance plans to find which offered the best benefits for the most competitive premium. To find the cheapest plans, we analyzed basic plan premiums for a 1-week trip to ASEAN, which includes insurance promotions.

Best Travel Insurance In Singapore

For those people looking for the best combination of price and benefits in travel insurance, we recommend Allianz Travel’s Silver plan, Singlife’s Travel Plus plan or Income’s travel insurance if you need COVID-19 cover. Their competitive prices combined with above-average benefits mean they offer more value than most other travel insurance policies on the market. For example, while a plan covering a 1-week ASEAN trip has an average cost of S$44, these four plans cost between S$24-S$60, while having above-average travel inconvenience and medical coverage.

Health Insurance For Living Abroad

Allianz’s Silver plan is great for people who prioritize cover for travel inconveniences such as flight delays, cancellations and lost baggage benefits. Allianz also provides cover for pandemics and endemics, which means you can get cover for things like canceling your trip and medical treatment if you or someone related to you has contracted COVID-19. While it’s certainly not the cheapest plan on this list, it offers benefits that are most relevant in this climate and is well worth the price.

Of the four, Singlife has the most flexible cover and will allow you to be reimbursed for loss of bonus points, motorcycle accidents and extreme winter/water sports. It also has generous medical cover. Although not the cheapest, it becomes especially competitive for MINDEF/MHA customers as they will get an additional 30% off on top of any ongoing promotion.

Income offers above-average medical cover and average cover for travel inconveniences such as travel cancellations, delays and loss of luggage. However, the income value comes from the coverage of up to USD 100,000 of medical expenses and USD 100,000 of evacuation coverage if you were diagnosed with COVID-19 during your trip (assuming you did not travel to a high-risk nation). Please note that coverage will only be in effect if you took the mandatory pre-departure COVID-19 PCR test 72 hours before travel. All in all, if you are looking for affordable ASEAN travel cover with a focus on medical cover, Income will be a good option.

For those people looking for the best combination of price and benefits in travel insurance, we recommend Allianz Travel’s Silver plan, Singlife’s Travel Plus plan or Income’s travel insurance if you need COVID-19 cover. Their competitive prices combined with above-average benefits mean they offer more value than most other travel insurance policies on the market. For example, while a plan covering a 1-week ASEAN trip has an average cost of S$48, these three plans cost between S$27-S$50, while also having above-average travel inconvenience and medical coverage.

Singapore Travel Insurance

Of the three, Singlife has the most flexible cover and will allow you to be reimbursed for loss of bonus points, motorcycle accidents and extreme winter/water sports. It also has generous medical cover. Although not the cheapest, it becomes especially competitive for MINDEF/MHA customers as they will get an additional 30% off on top of any ongoing promotion.

If you’re relatively insensitive to price and looking for a travel insurance plan with maximum coverage, we think Allianz’s Platinum Plan, Singlife’s Travel Prestige Plan and MSIG’s TravelEasy Premier Plan could be good options. Although they can be expensive, they are still competitive with other premium travel insurance plans on the market, while providing the leading benefits for travel inconvenience, medical or personal accident claims respectively.

Allianz Platinum offers the most travel hassle-free, making it ideal for travelers worried about flight delays or lost luggage. As a point of reference, 60% of travel insurance claims are related to travel inconvenience, meaning this plan will provide valuable coverage. Finally, it also offers two unique coverages for the current climate pandemic coverage and cruise coverage. For example, you may be able to request a travel cancellation if you or someone you know contracts COVID-19 before the trip. Cruise travelers will also receive some of the best benefits on the market, such as a cabin bonus, a missed call benefit or a denied boarding benefit for cruise coverage.

Singlife Prestige is recommended for travelers who care most about medical benefits, like to customize their coverage, or want the ability to cancel their trip for any reason. Aviva also has far fewer exclusions than the average travel insurance plan, as it allows you to buy optional cover for a range of things from extreme sports to weddings.

Best Annual Travel Insurance In Singapore

Both Allianz and Aviva are also good options to consider if you are going on a cruise, provided the port of departure is from Singapore.

Finally, MSIG TravelEasy Premier can be a great travel plan for families who want a wide variety of coverage without paying extra for it. For example, MSIG’s coverage automatically includes everything from rental car excess coverage to adventure activities to wedding dress coverage. You will also be covered for pregnancy-related ailments like nausea and dizziness, which is quite a unique feature considering that other plans usually only cover pregnancy-related emergencies.

If you’re relatively insensitive to price and looking for a travel insurance plan with maximum coverage, we think Allianz Travel’s Platinum Plan, Singlife’s Travel Prestige Plan and MSIG’s TravelEasy Premier Plan could be good options. Although they can be expensive, they are still competitive with other premium travel insurance plans on the market, while providing the leading benefits for travel inconvenience, medical or personal accident claims respectively.

If you have pre-existing medical conditions and cost is not an issue, Income’s Enhanced PreX travel insurance plans may be a good fit. Despite the 50% deductible if you claim for travel inconvenience (only available on the Prestige and Superior plans), there are currently only 1 in 3 insurance companies on the market that offer pre-existing condition coverage for you and your family members. Unfortunately, the Enhanced PreX plans can be quite expensive, with awards for a 1-week ASEAN trip costing S$86 – almost 3 times the basic plan average.

Best Travel Insurance Comparison Site In Singapore 2023

Solo travelers on a budget can save a little more with MSIG’s PreX Premier plan, which costs around 20% less than income for a 1-week ASEAN trip. It can also be a good option for senior citizens as there is no age limit to purchase the plan. You can expect up to S$150,000 in medical cover and S$200,000 in medical evacuation cover due to your pre-existing condition. However, you should note that you cannot purchase an annual version of this plan.

We found that Etiqa and HL Assurance offer the cheapest travel insurance plans for ASEAN travel. Their travel insurance policies only cost around S$22 to S24 for 1 week of coverage in ASEAN, which is 30-40% lower than the industry basic plan average of S$35. However, that doesn’t mean their cheap prices mean modest coverage, as these four options also offer extensive benefits.

Etiqa’s Tiq travel insurance offers cheap travel insurance plans with high value due to its generous ongoing promotions. It costs 35% less for ASEAN travel than with other insurers with the basic plan. However, the total trip damage cover is the lowest of the four, so it may not be the best choice for those who want high cover for things like flight delays, cancellations and lost luggage. Despite this, it can be a handy plan for budget travelers who want coverage for adventurous activities without having to pay extra.

HL Assurance travel insurance offers all-inclusive coverage for below-average prices. It also includes useful benefits such as household goods, rental car excess and the travel agency’s insolvency cover. HL Assurance’s travel accident coverage is also one of the highest for its price point, making it a competitive option for travelers looking to protect their belongings and itinerary.

Covid 19 Travel Insurance: The Best Coverage For Medical Costs, Cancellations, And More For Singapore Travellers

We found that Etiqa and HL Assurance offer the cheapest travel insurance plans for ASEAN travel. Their travel insurance policies cost only around S$22 to S24 for a 1 week cover in ASEAN, 30-40% lower than the industry basic plan average of S$35. However, that doesn’t mean their cheap prices mean modest coverage, as these four options also offer extensive benefits.

Etiqa’s Tiq travel insurance offers cheap travel insurance plans with high value due to its generous ongoing promotions. It costs 35% less for ASEAN travel than with other insurers with the basic plan. However, its total trip inconvenience cover is the lowest of the 4, so it might not be the best choice for those who want high cover for things like flight delays, cancellations and lost luggage. Despite this, it can be a handy plan for budgeting

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