• DBS Travel Insurance

    DBS Travel Insurance

    Traveling is one of the best activities. May it be going on a business trip or taking your family out for a long awaited vacation, you always want that your traveling experience is smooth. But you must understand that even a well planned vacation can go wrong under certain circumstances. Life is full of unpredictable and unexpected events. Thus, you should be prepared to tackle all situations. Travel Insurance is the best way to protect and secure your traveling experience. In case, any unfortunate event takes place, the travel insurance supports you financially in the time of crisis. A financial help in such a time can prove to be extremely beneficial for you. Once your monetary problems are taken care of you can handle the problem in an easier way.

    About DBS Travel Insurance

    DBS is one of the leading banks in Singapore and across the globe. It offers products and services which provide customizable and innovative solutions that are tailored to meet the need and requirements of the changing customers. DBS Travel Insurance gives you a comprehensive coverage when you are traveling or pursuing higher education in a foreign country and allows to enjoy the peace of mind that you deserve. It offers you the upfront financial support that you require when an unexpected event takes place. There are different plans under the Travel Insurance Scheme offered by DBS. The list below will help you to know more about them.

    • Overseas Study Insurance
    • Traveller Shield
    • BBM Travel Insurance

    Overseas Study Insurance

    There are several great universities and institutions that offer excellent courses in different countries. You might want to pursue higher education in one such foreign country. But you must also ensure that you have protected yourself from all odds. Unexpected events can occur anytime and you must handle them properly so that it doesn't affect you a lot.

    Features and Benefits of Overseas Study Insurance Plan

    • You are entitled to enjoy extensive protection of up to eighteen benefits, including travel related coverage and personal accidents.
    • In the event of any damage to your residence in a foreign land due to any natural disaster including fire, you can get coverage for an alternate accommodation in a hotel.
    • If you are injured or you are suffering from an illness, you hospitalisation charges are taken care of under the DBS Overseas Study Insurance scheme. Avail up to SGD 200 as hospital benefit on a daily basis when you are in a foreign country
    • Enjoy reimbursement of fees for your course if it is interrupted due to illness or injury resulting in you being hospitalised for a period of a month or more

    Details of the Product

     

    BASIC 

    STANDARD

    PREMIER

    PERSONAL ACCIDENT AND MEDICAL BENEFITS

    Personal Accident

    SGD100,000

    SGD200,000

    SGD300,000

    Medical Expenses for Accident

    SGD10,000

    SGD20,000

    SGD30,000

    Felonious Assault

    SGD50,000

    SGD100,000

    SGD150,000

    Overseas Hospital Daily Benefit - SGD200 per day

    SGD1,000

    SGD2,000

    SGD3,000

    BENEFITS OF OVERSEAS ASSIST

    Medical Evacuation (Emergency)

    SGD 1,000,000

    SGD 1,000,000

    SGD 1,000,000

    Services for Medical and Travel Assistance - provided on the basis of referral and / or arrangement basis

    Available

    Available

    Available

    Compassionate Visit

    SGD 5,000

    SGD 10,000

    SGD 15,000

    Repatriation of Ashes / Mortal Remains

    SGD 50,000

    SGD 100,000

    SGD 150,000

    Study Interruptions

    SGD 10,000

    SGD 20,000

    SGD 25,000

    COVER FOR TRAVEL INCONVENIENCE

    Personal Liability

    SGD 150,000

    SGD 300,000

    SGD 450,000

    Loss of Baggage - $500 for any single article, pair or set of articles

    SGD 1,000

    SGD 2,000

    SGD 3,000

    Loss of Laptop Computer - in respect of Laptop - in respect of hand held computer or device

    SGD 1,000 SGD 200

    SGD 1,000 SGD 200

    SGD 1,000 SGD 200

    Loss of Travel Documents

    SGD 500

    SGD 1,000

    SGD 1,500

    Baggage Delay - While Overseas (SGD100 for every 6-hour delay) - While in Singapore (Minimum 6-hour delay)

    SGD 500 SGD 100

    SGD 1,000 SGD 100

    SGD 1,500 SGD 100

    Delay in Travel - While Overseas (S$100 per 6-hour delay) - While in Singapore (Minimum 6-hour delay)

    SGD 500 SGD 100

    SGD 1,000 SGD 100

    SGD 1,500 SGD 100

    Contents of Overseas Home

    SGD 2,000

    SGD 3,000

    SGD 4,000

    Alternate Accommodation

    SGD 3,000

    SGD 4,000

    SGD 5,000

    STANDARD & PREMIER PLAN BONUS COVER

    Cover for Adventurous Activities

    No Cover

    Yes

    Yes

    Premium to be paid

    Premium to be Paid

    Basic

    Standard

    Premier

    Three months cover

    SGD 117.70

    SGD 197.95

    SGD 278.20

    Six months cover

    SGD 203.30

    SGD 342.40

    SGD 486.85

    Twelve months cover

    SGD 294.25

    SGD 492.20

    SGD 695

    Eligibility for Overseas Study Insurance

    • The person applying for this insurance scheme must be between the age of 18 years and 60 years. Any child who between the age of 15 years to 18 years should be accompanied by a guardian or a parent while making the application.
    • You must be registered to a particular Educational Institute in a foreign country. You are also eligible if you are a part of the student exchange programme, organised by Singapore.

    Traveller Shield Insurance

    The Traveller Shield insurance scheme offers comprehensive coverage for the customers, when they go for holidays. You can avail protection and cover against any injury caused due to adventure activities undertaken during the trip. This particular insurance plan has been underwritten by MSIG. Enjoy the spontaneity in your travel and avail the peace of mind that you deserve.

    Features and Benefits of Traveler Shield Insurance

    • Avail immediate protection by paying an amount as low as SGD 21.75 as premium
    • Enjoy coverage against several adventurous sports activities including skiing, underwater sports, scuba diving, bungee jumping, etc.
    • You can get medical evacuation (emergency) cover of up to SGD 1,000,000
    • Avail medical expenses of up to SGD 1,000,000 and SGD 2,000 for any baggage delay experienced during the travel

    Details of the Product

    TYPE OF COVER

    Limit of Benefits

     

    Platinum

    Premier

    Classic

    Personal Accident and Medical Benefits

    Section 1 - Personal Accident

    Adult Insured Individual aged up to 69 yrs

    SGD 500,000

    SGD 200,000

    SGD 150,000

    Adult Insured Individual aged 70 yrs and above

    SGD 150,000

    SGD 100,000

    SGD 50,000

    Child Insured Individual

    SGD 100,000

    SGD 50,000

    SGD 25,000

    Family Cover Total Limit

    SGD 1,500,000

    SGD 800,000

    SGD 400,000

    Section 2 - Double Cover on Public Transport

    Adult Insured Individual aged up to 69 yrs

    SGD 1,000,000

    SGD 400,000

    SGD 300,000

    Adult Insured Individual aged 70 yrs and above

    No Cover

    No Cover

    No Cover

    Child Insured Individual

    S$200,000

    S$100,000

    S$50,000

    Family Cover Total Limit

    SGD 3,000,000

    SGD 1,600,000

    SGD 800,000

    Section 3 – Overseas Medical Expenses

    Adult Insured Individual aged up to 69 yrs

    SGD 1,000,000

    SGD 500,000

    SGD 300,000

    Adult Insured Individual aged 70 yrs and above

    SGD 100,000

    SGD 100,000

    SGD 50,000

    Child Insured Individual

    SGD 300,000

    SGD 300,000

    SGD 200,000

    Family Cover Total Limit

    SGD 3,000,000

    SGD 2,000,000

    SGD 1,000,000

    Section 4 - Medical Expenses (Singapore)

    Adult Insured Individual aged up to 69 yrs

    SGD 75,000

    SGD 50,000

    SGD 25,000

    Adult Insured Individual aged 70 yrs and above

    SGD 10,000

    SGD 10,000

    SGD 5,000

    Child Insured Individual

    SGD 25,000

    SGD 25,000

    SGD 12,500

    Family Cover Total Limit

    SGD 250,000

    SGD 200,000

    SGD 100,000

    Section 5 - Dental Treatment for Accident (Emergency)

    Every Insured Individual

    SGD 15,000

    SGD 10,000

    SGD 5,000

    Section 6 - Chinese Medicine (Traditional)

    Every Insured Individual in respect of TCM visit

    SGD 750

    SGD 500

    SGD 300

    Section 7 - Daily Benefit for Overseas Hospitalisation

    Every Insured Individual in respect of every whole day of Hospital Confinement

    SGD 200 per day to a Maximum of SGD 50,000

    SGD 200 per day to a Maximum of SGD 30,000

    SGD 200 per day to a Maximum of SGD 10,000

    Section 8 - Daily Benefit for Overseas Hospitalisation (ICU)

    Every Insured Individual in respect of every whole day of Hospital Confinement in the ICU

    SGD 300 per day to a Maximum of SGD 6,000

    SGD 300 per day to a Maximum of SGD 4,200

    SGD 300 per day to a Maximum of SGD 3,000

    Section 9 - Daily Benefit for Hospitalisation (Post Journey)

    Every Insured Individual in respect of every whole day of Hospital Confinement

    SGD 100 per day to a Max of SGD 2,000

    S$100 per day to a Maximum of SGD 500

    S$100 per day to a Maximum of SGD 500

    Overseas Assist Benefits

    Section 10 - Medical Evacuation (Emergency)

    Maximum limit

    SGD 1,000,000

    SGD 1,000,000

    SGD 1,000,000

    Section 11 – Services for Medical and Travel Assistance

    provided on the basis of referral and / or arrangement basis

    Available

    Available

    Available

    Section 12 - Repatriation After Medical Evacuation

    Every Insured Individual

    SGD 50,000

    SGD 50,000

    SGD 50,000

    Section 13 - Repatriation (Mortal Remains)

    Every Insured Individual

    SGD 100,000

    SGD 100,000

    SGD 50,000

    Section 14 – A Relative's Hospital Visit

    Every Insured Individual

    SGD 15,000

    SGD 10,000

    SGD 5,000

    Family Cover Total Limit

    SGD 15,000

    SGD 10,000

    SGD 5,000

    Section 15 - Child Guard

    Every Insured Individual

    SGD 10,000

    SGD 5,000

    SGD 3,000

    Family Cover Total Limit

    SGD 10,000

    SGD 5,000

    SGD 3,000

    Section 16 - Emergency Telephone Charges

    Every Insured Individual

    SGD 300

    SGD 250

    SGD 100

    Cover for Travel Inconvenience

    Section 17 - Personal Liability

    Maximum

    SGD 1,000,000

    SGD 1,000,000

    SGD 500,000

    Section 18 – Cancellation of Travel

    Every Insured Individual

    SGD 15,000

    SGD 10,000

    SGD 5,000

    Family Cover Total Limit

    SGD 45,000

    SGD 30,000

    SGD 15,000

    Section 19 - Travel Agency Insolvency

    Every Insured Individual

    SGD 10,000

    SGD 5,000

    SGD 3,000

    Family Cover Total Limit

    SGD 40,000

    SGD 20,000

    SGD 12,000

    Section 20 – Postponement of Travel

    Every Insured Individual

    SGD 2,000

    SGD 1,500

    SGD 750

    Family Cover Total Limit

    SGD 6,000

    SGD 4,500

    SGD 2,250

    Section 21 – Curtailment of Travel

    Every Insured Individual

    SGD 15,000

    SGD 10,000

    SGD 5,000

    Family Cover Total Limit

    SGD 45,000

    SGD 30,000

    SGD 15,000

    Section 22 – Disruption of Travel

    Every Insured Individual

    SGD 2,500

    SGD 2,000

    SGD 1,000

    Family Cover Total Limit

    SGD 7,500

    SGD 6,000

    SGD 3,000

    Section 23 – Delay in Travel

    Every Insured Individual

    SGD 100 per 6 hours to a Maximum of SGD 2,000

    SGD 100 per 6 hours to a Maximum of SGD 1,600

    SGD 100 per 6 hours to a Maximum of SGD 1,200

    Section 24 – Diversion of Flight

    Every Insured Individual

    SGD 120 per 6 hr to a maximum of SGD 1,800

    SGD 120 per 6 hr to a Maximum SGD 1,200

    SGD 120 per 6 hr to a Maximum of SGD 600

    Section 25 - Delay caused due to Hijacking

    Every Insured Individual

    SGD 250 per 6 hr to a Maximum of SGD 15,000

    SGD 250 per 6 hr Maximum of SGD 10,000

    S$250 per 6 hr to a Maximum of SGD 5,000

    Section 26 - Travel Misconnection or Overbooking

    Every Insured Individual (exceeds 6 hours)

    SGD 200

    SGD 200

    SGD 200

    Section 27 - Travel Document Loss

    Every Insured Individual

    SGD 5,000

    SGD 5,000

    SGD 3,000

    Section 28 - Baggage Including Mobile Device and Laptop Accessories

    Every Insured Individual Subject to per device limit SGD 500 and Laptop limit SGD 1,000

    SGD 8,000

    SGD 5,000

    SGD 3,000

    Section 29 – Baggage Delay

    Every Insured Individual (maximum of SGD 200 for delay within Singapore)

    SGD 200 per 6 hours to a Maximum of SGD 2,000

    SGD 200 per 6 hours to a Maximum of SGD 1,600

    SGD 200 per 6 hours to a Maximum of SGD 1,200

    Section 30 - Personal Money

    Every Insured Individual

    SGD 500

    SGD 500

    SGD 250

    Section 31 – Contents of Home

    Maximum limit

    SGD 15,000

    SGD 10,000

    SGD 5,000

    Section 32 - Extension of Insurance Period

    Public Transport Delay (14 Days)

    Yes

    Yes

    Yes

    Insured Individual's Illness or Injury (30 Days)

    Yes

    Yes

    Yes

    Section 33 - Terrorism Cover

    Adult Insured Individual aged up to 69 yrs

    SGD 500,000

    SGD 200,000

    SGD 150,000

    Adult Insured Individual aged 70 yrs and above

    SGD 150,000

    SGD 100,000

    SGD 50,000

    Child Insured Individual

    SGD 100,000

    SGD 50,000

    SGD 25,000

    Family Cover Total Limit

    SGD 1,500,000

    SGD 800,000

    SGD 400,000

    Section 34 – Extension of passive War

    Personal Accident (Section 1) is extended to provide cover sudden against outbreak of Civil Commotion, Revolution or War

    Yes

    Yes

    Yes

    Bonus Cover for Premier & Platinum Plans

    Section 35 – Benefits in case of kidnapping event

    Every Insured Individual for every twelve hours of kidnap

    S$250 per 12 hours to a Maximum of SGD 7,500

    S$250 per 12 hours to a Maximum of SGD 5,000

    No Cover

    Section 36 - Rental Vehicle Excess Cover

    Every Insured Individual

    SGD 1,500

    SGD 1,000

    No Cover

    Section 37 - Returning of the Rental Vehicle (Additional Costs)

    Every Insured Individual

    SGD 1,000

    SGD 500

    No Cover

    Section 38 – Expenses for Funeral

    Every Insured Individual

    SGD 5,000

    SGD 5,000

    No Cover

    Section 39 – Grant for Child Education

    Every legal child of the Insured Individual

    SGD 5,000 to a Maximum of SGD 50,000

    SGD 5,000 to a Maximum of SGD 50,000

    No Cover

    Section 40 – Loss of Credit Card

    Every Insured Individual

    SGD 3,000

    SGD 2,000

    No Cover

    Section 41 – Cover for Golfers

    Equipment for Golfing

    SGD 1,500

    SGD 1,000

    No Cover

    Hole-in-One

    SGD 500

    SGD 500

    No Cover

    Section 42 - Cover for Adventurous Activities

    Every Insured Individual

    You are Covered

    You are Covered

    No Cover

    Eligibility for Traveller Shield insurance

    All permanent residents of Singapore, Foreigners and citizens of Singapore, who are above the age of 18 years and have a valid work permit, are eligible for this insurance plan.

    BBM Travel Insurance

    This plan is MSIG Insurance underwritten scheme which offers you great comprehensive coverage when you travel Bintan, Batam and Malaysia.

    Features and Benefits of BBM Travel Insurance

    • The premiums that you pay for the insurance are as low as SGD 10 per trip
    • The plan not only covers you, but also, offers coverage for your loved ones. You can choose up to 5 people who can be covered under the plan along with you
    • The application process is easy and hassle free. The approval is instant too

    Details of the Product

    Type of Cover

    Limit of Benefits that is payable

    Personal Accident and Medical Benefits

    Section 1 - Personal Accident along with extension of Passive War

    • Adult insured individual aged up to 69 yrs

    SGD 50,000

    • Adult insured individual aged 70 yrs and above

    SGD 25,000

    • Child insured individual

    SGD 10,000

    • Family Cover Maximum Limit (Aggregate)

    SGD 150,000

    Section 2 – Overseas Medical Expenses

    • Adult insured individual aged up to 69 yrs

    SGD 20,000

    • Adult insured individual aged 70 yrs and above

    SGD 10,000

    • Child insured individual

    SGD 4,000

    • Family Cover Maximum Limit (Aggregate)

    SGD 50,000

    Section 3 - Medical Expenses (Singapore)

    • Adult insured individual aged up to 69 yrs

    SGD 200

    • Adult insured individual aged 70 yrs and above

    SGD 200

    • Child insured individual

    SGD 200

    • Family Cover Maximum Limit (Aggregate)

    SGD 1,000

    Section 4 – Overseas Dental Treatment (Emergency)

    • Every Insured Individual

    SGD 500

    Section 5 – Treatment with Chinese Medicine (Traditional)

    • Every Insured Individual in respect of TCM visit every day

    SGD 20 every visit, to a Maximum of SGD 200

    Benefits of Overseas Assist

    Section 6 - Medical Evacuation (Emergency)

    • Maximum limit (aggregate)

    SGD 50,000

    Section 7 – Services for Medical and Travel Assistance

    • provided on the basis of referral and / or arrangement basis

    It is Available

    Section 8 - Repatriation (Post Medical Evacuation)

    • Every Insured Individual

    SGD 5,000

    Section 9 - Repatriation (Mortal Remains)

    • Every Insured Individual

    SGD 5,000

    Cover for Travel Inconvenience

    Section 10 - Personal Liability

    • Maximum limit (aggregate)

    SGD 250,000

    Section 11 – Delay in Travel

    • Every Insured Individual

    SGD 120 for every 6 hr

     

    Maximum of SGD 480

    Section 12 - Delay caused because of Hijacking

    • Every Insured Individual for every 6 hours of delay

    SGD 250 for 6 hours

     

    Maximum of SGD 750

    Section 13 - Travel Document Loss

    • Every Insured Individual

    SGD 500

    Section 14 – Baggage and Laptop

    • Every Insured Individual

    SGD 1,000

    • Subject to per item limit SGD 500 & Laptop limit SGD 1,000
     

    Section 15 – Baggage Delay

    • Every Insured Individual

    SGD 100 per 6 hours

     

    Maximum of SGD300

    Section 16 - Personal Money

    • Every Insured Individual

    SGD 100

    Section 17 - Extension of Insurance Period

    • Public Transport Delay (14 Days)

    Yes

    • Insured Individual's injury or illness (30 Days)

    Yes

    Section 18 – Cover against Terrorism

    • Adult Insured Individual aged up to 69 yrs

    SGD 50,000

    • Adult Insured Individual aged 70 yrs and above

    SGD 25,000

    • Child Insured Individual

    SGD 10,000

    Premium

    Individual Cover for Single Trip

    Premium per Insured Individual

    1 to 5 days

    SGD 10.00

    Every subsequent day

    SGD 2.50

    Family Cover for Single Trip

    Premium (for each family)

    1 to 5 days

    SGD 22.00

    Every subsequent day

    SGD 5.00

    Eligibility for BBM Travel Insurance

    Any person who is above and age of eighteen and has legal work permit for working in Singapore can avail this particular insurance plan.

    Frequently Asked Questions

    1. What are the coverage types available under the BBM Travel Insurance?
    2. Individual Cover and Family Cover are the two types of coverage offered by BBM Travel Insurance. The Individual Cover takes care of the insured along with five other members whereas in a Family Cover all the members of the family, including the legal children and spouse, are covered along with the insured.

    3. I want to extend my period of overseas education. Can I also increase the insurance period accordingly?
    4. Yes, you can extend the insurance period if you wish to study more at a university in a foreign country. Contact the bank for more information about the extension.

    5. In case I am eligible for promotional gifts, how will I get them?
    6. From seven days of application, the voucher for redemption of the gift will be sent to you. Contact MSIG Insurance to redeem the gift from them directly.

    7. Can the Overseas Travel Insurance scheme be cancelled?
    8. After giving a written notice period of seven days, you can opt to cancel your Overseas Study Insurance Policy. MSIG will validate the cancellation provide that no claims has been made under your insurance policy. For a 12 month policy, you will get a refund of the premium. For a three month or six month policy, you are entitled to no refunds at all.

    9. What is Family Cover under Traveller Shield Insurance?
    10. A Family Cover offers protection and coverage for the insured individual, the spouse and their legal children, while they are traveling to their destination. The Child can be between the age of 1 month to 18 years. An individual can be considered to be a child provided the age of that individual is not more than 23 years and also, the individual must be unmarried too and studying in a recognised university or institution for attaining higher education.

    News About DBS Travel Insurance

    • DBS Bank Ties-Up with Canadian Insurance Company Manulife

      Singapore-based DBS Bank, one of the largest banking and financial institutions in the world, has tied-up with Canadian insurance company Manulife. The two companies intend to take advantage of the rising demand of insurance products in Asian markets. Despite massive economic growth experienced by Asian economies in the last few decades, the number of people insured has remained low compared to other economies. The population of most Asian countries is aging and so the demand for insurance products will only increase with time. Both DBS Bank and Manulife will benefit from this partnership and will be able to expand their customer base in the process.

      05th January 2016

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