• Best Travel Insurance in Singapore

    Singapore has several kinds of travel insurance for its people. You can choose single trip plans or annual multi-trip policies, you can go for individual, family or group plans, and you can choose Asia/ASEAN or global policies. Each policy can in fact be customized as per your needs. The best travel insurance would be a policy that gives maximum coverage at low prices for a family. In this article, we will discuss the best family single trip plans available in Singapore.

    Top travel insurance plans in Singapore

    FWD Premium

    This travel insurance plan from FWD Singapore offers comprehensive protection for all your travel needs. The claims process is also relatively easy and can be done online.

    Advantages of the FWD Premium plan – The following are the pros of opting for this travel policy:

    • The policy offers unconstrained medical evacuation cover, which means you do not have to worry about the costs if you are in need of medical evacuation while on a foreign trip.
    • The plan even covers sports equipment, so that you can play your favorite sports without worrying about the damage you would cause to the instruments.
    • The policy covers accidental death and permanent disablement, overseas medical expenses, travel inconvenience and disruptions, theft or damage to personal property and documents, protection against insolvency of travel agents, and automatic extension to the insurance cover in case of trip delay due to medical or logistic reasons, among a myriad other things.
    • You can add riders to protect your pets and home contents as well.

    Disadvantages of the FWD Premium plan – Here are some points where this policy could do better:

    • The FWD travel insurance comes in 3 benefit tiers – Premium, Business and First – and FWD Premium is the most basic of them all. This means that though it has a comprehensive cover, the other two options would give you higher insurance cover for the same situations. If you are willing to pay a higher premium and your travel needs are higher, you could go for the FWD First and get the highest cover in all aspects, such as S$1 million for overseas medical expenses instead of S$200,000 offered by FWD Premium.
    • The FWD Premium does not offer terrorism cover.

    Allianz Global Assistance Travel Insurance Bronze

    This is another great comprehensive travel insurance plan that gives a lot of benefits required by an average Singaporean.

    Advantages of the Allianz Global Assistance Travel Insurance Bronze plan –

    • The plan provides insurance cover for a wide range of situations such as death and disablement, overseas medical expenses, overseas medical evacuation and repatriation, travel inconvenience and loss of personal property.

    Disadvantages of the Allianz Global Assistance Travel Insurance Bronze plan –

    • Allianz Global Assistance Travel Insurance comes in 3 benefit tiers – Bronze, Silver and Gold – and the Bronze plan gives the least benefits. The other two options would give you higher protection amount for the same situations. If you can afford it, the Allianz Gold would give you the highest insurance cover.

    ETIQA ePROTECT travel Basic

    This policy offers comprehensive cover to make your travel as convenient as possible.

    Advantages of the ETIQA ePROTECT travel Basic planHere are some significant reasons for you to choose this policy:

    • The policy comes with all-round protection, including personal accident cover, overseas medical expenses, emergency medical evacuation, and travel inconvenience benefits such as trip cancellation, loss of personal property, travel delay and baggage delay.
    • Even though ETIQA Basic is the lowest tier of the company’s travel insurance plan, it offers up to S$1 million for emergency medical evacuation and repatriation of mortal remains.
    • The policy also offers terrorism cover of up to S$200,000.

    Disadvantages of the ETIQA ePROTECT travel Basic plan –

    • ETIQA ePROTECT travel insurance comes in 3 benefit tiers – Basic, Economy and Business – and ETIQA Basic is the lowest of the rung. Therefore, even though it offers comprehensive protection, the other two options would give you higher cover for the same situations. If you are willing to pay a higher premium and your travel needs are larger, you could go for the ETIQA Business.

    AXA Direct SmartTraveller Essential

    Ease your travel worries through AXA’s brilliant but simple travel insurance policy.

    Advantages of the AXA Direct SmartTraveller EssentialThe key positives of this policy are:

    • You get a comprehensive travel protection, including unlimited medical evacuation and repatriation and terrorism cover.
    • You can add riders to include leisure sports, pet care and sports equipment covers.

    Disadvantages of the AXA Direct SmartTraveller Essential –

    • The AXA Direct SmartTraveller comes in two tiers – Essential and Comprehensive. The Essential plan offers lower protection than the Comprehensive plan, though both offer unlimited medical evacuation and repatriation cover.

    Hong Leong Travel Protect360 Basic

    Comprehensive travel cover and easy claims process makes Hong Leong travel insurance policies stand out in the Singaporean market.

    Advantages of the Hong Leong Travel Protect360 Basic – These are the advantages of going for this plan:

    • The plan offers unlimited emergency medical evacuation and repatriation expenses, personal liability cover of up to S$500,000, accidental death and disablement cover, and all the myriad medical and travel inconvenience protection.
    • The policy is covered by Singapore Deposit Insurance Corporation’s Policy Owners’ Protection Scheme.
    • Hong Leong often brings out promotional offers that can help you save on premiums or give you interesting freebies.

    Disadvantages of the Hong Leong Travel Protect360 Basic –

    • Hong Leong Travel Protect360 comes in 3 benefit tiers – Basic, Enhanced and Superior – and the Hong Leong Travel Protect360 Basic is the most rudimentary plan. So despite being a comprehensive cover, the other two options would give you higher protection for the same situations. If you are willing to pay a higher premium and your travel needs are larger, you could go for the HL Travel Protect360 Superior.

    5 best travel insurance policies in Singapore

    Here are some quick highlights of the best travel insurance policies in Singapore:

    Insurance product Key covers Approx premium for a six-day trip to Australia for a family of 4
    FWD Premium

    • Unlimited medical evacuation and repatriation cover

    • Accidental death and permanent disablement

    • Overseas medical expenses

    • Travel inconvenience and disruptions

    • Automatic extension

    S$60
    Allianz Global Assistance Travel Insurance Bronze

    • Accidental death and permanent disablement cover

    • Overseas medical expenses

    • Emergency medical evacuation

    • Travel inconvenience benefits

    • Automatic extension up to 30 days

    S$93
    ETIQA ePROTECT travel Basic

    • Personal accident cover

    • Overseas medical expenses

    • Emergency medical evacuation

    • Travel inconvenience benefits

    • Terrorism cover

    • Automatic extension up to 7 days

    S$94
    AXA Direct SmartTraveller Essential

    • Leisure sports cover

    • Accidental death and permanent disablement cover

    • Overseas medical expenses

    • Travel inconvenience benefits

    S$105
    Hong Leong Travel Protect360 Basic

    • Unlimited medical evacuation and repatriation cover

    • Terrorism cover

    • Accidental death and permanent disablement cover

    • Overseas medical expenses

    • Travel inconvenience benefits

    S$108

    Note: Premium amounts change as per the number of members travelling, the number of days of trip, whether it is single-trip or annual plan, and the destination.

    How to choose the best travel insurance plan for you?

    The best travel insurance for you would depend on your needs, the travel destination, and what you intend to do at the destination. Here are some considerations to take into account:

    • Choose the type of plan you need: The kind of travel insurance plan you need depends on whether you are traveling alone, with family or in a group, whether you are travelling only once in a while or regularly every year, or whether you are going to nearby countries or to faraway places such as Europe. Select the individual, family or group plan, single-trip or annual plan, and global or ASEAN plan, based on the parameters suggested. If you are travelling with your family to Austria just once for the yearly vacation, for example, you should opt for a family single-trip worldwide plan.
    • Check premium affordability: Check whether you would be able to afford the premium required to be paid for your chosen policy. You don’t need to break your bank to buy yourself a travel policy. There are several affordable policies that come with a good cover for you and family.
    • Do your research: Always research the market before buying a financial product. Chances are that policies offering the cover chosen by you are available for a lower premium with another insurer. Look for comprehensive covers and any special needs of yours specific to the destination you’re going to.

    Other travel insurance products you can consider:

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