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"I submitted my travel claim recently and it took more than a..." 1mth ago
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"Been my go to plans in last 3 years as it offers..." 24mth ago
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"Acceptable and ease on the whole process of purchase. I am highly..." 4d ago
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"[Purchase Process] I'm extremely pleased with the purchase process as it was very..." 2w ago
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"Cheap product as we were able to get MINDEF discounts. Sign up..." 23mth ago
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"[Hidden terms] Very easy to purchase this insurance - very hard to make..." 2mth ago
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"TravellerShield Plus Confirmation bought thought DBS [Claims Process] I sent in a travel agency..." 1mth ago
"I travel a lot for work and for leisure, and I always..." 2mth ago
$27.30
PER ADULT (THAILAND, 1 WK)
$150,000
MEDICAL COVERAGE (OVERSEAS)
$5,000
TRIP CANCELLATION
$3,000
LOSS OR DAMAGE OF BAGGAGE
"[Purchase Process] A painless procedure, super convenient through the Grab app. I think..." 24mth ago
"[Claims Process] Submitted my Travel claim on 4th April 2022. Till date (30th..." 4d ago
You can never be overly prepared when it comes to travelling. Travel insurance has become a crucial component of ensuring peace of mind when travelling, as it safeguards you against financial losses arising from unforeseen circumstances before and during your travels abroad.
Travel insurances are highly customisable, with plans offering suites of different coverages depending on your needs. In general, these are the common categories of coverage you can expect from travel insurance:
Coverage Type | Details |
---|---|
Trip cancellation/interruption/delays | Trip cancellation, interruptions, or delays, are unforeseen circumstances that prevent you from proceeding with your planned trip or that which require you to return early. |
Baggage loss | This coverage enables you to file a claim for lost, damaged, or stolen baggage or personal belongings during the duration of your trip. |
Medical expenses abroad | Should you fall ill or meet with an accident overseas and require medical attention, your travel insurance will come in handy in reimbursing the costs of medical treatment you receive abroad. |
Death or severe disability caused by accident abroad | In the event of an accident resulting in death or severe disability, your travel insurance will compensate you with a lump sum payout to you or your beneficiaries. |
Different Types of Travel Insurance Coverage
Apart from understanding what travel insurances cover, knowing what types of travel insurance plans are available helps you purchase the right policy.
Single trip plans cover only a specific trip abroad that safeguards you upon departure and arrival in Singapore. If you are a single traveller, or only travel once or twice a year, this plan may be suitable for you.
Issued with a one-year coverage, annual travel insurance plans cover you for unlimited trips in your policy year. Good news for folks who travel frequently! This is suitable for you if you travel often as it saves you the hassle of re-purchasing travel insurance each time you travel.
As its name suggests, individual travel insurance plans cover only a single traveller. Individual travellers will likely purchase this plan. Depending on the frequency of your travels, you may then decide if a single trip or annual cover is most suitable for you.
A family plan will cover you and your immediate family, with a stipulated cap on the number of persons your plan can cover. This would mean that your spouse or partner, yourself, and your children will be insured under a family plan. If you are traveling abroad together as a family, family plans would be a more economical option than individual plans for each family member.
COVID-19 has dramatically changed the landscape of overseas travel. Catching COVID-19 abroad has become a very real concern, and its related medical treatment a financial cost we are all worried about.
Most insurance companies now offer COVID-19 coverage as an add-on to enhance your existing travel insurance, while others have built-in COVID-19 coverage to their existing travel insurance products for a higher premium.
Choose from our curated list of travel insurances that includes COVID-19 coverage, with varying coverage priorities for every traveller:
Travel Insurance | COVID-19 Medical Expenses Coverage | Trip Cancellation | Personal Accident | Loss/Damage of Baggage |
---|---|---|---|---|
Up to S$500,000 | Up to S$5,000 | - | Up to S$3,000 | |
Up to S$1,000,000 | Up to S$15,000 | - | Up to S$7,000 | |
Up to S$250,000 | Up to S$5,000 | Up to S$50,000 | Up to S$3,000 | |
Up to S$300,000 | Up to S$6,000 | Up to S$400,000 | Up to S$5,000 | |
Up to S$150,000 | Up to S$5,000 | Up to S$200,000 | Up to S$3,000 | |
Up to S$250,000 | Up to S$5,000 | Up to S$150,000 | Up to S$3,000 | |
Up to S$250,000 | Up to S$5,000 | Up to S$150,000 | Up to S$3,000 | |
Up to S$150,000 | Up to S$5,000 | Up to S$150,000 | Up to S$3,000 |
Best Travel Insurance with COVID-19 Coverage
Your travel insurance premium depends on several factors, such as the number of days spent abroad and the areas you intend to visit.
It could start from as little as $18 for several days' coverage to ASEAN countries, including Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, Brunei, Laos, Myanmar, and Cambodia.
Most insurance providers typically offer more 'premium' options, too, with coverage of up to $1,000,000 for overseas medical emergencies.
Choosing the best travel insurance plan is largely dependent on your priorities and needs. To simplify this process, here are several regularly overlooked factors to consider before making your purchase.
While it may seem obvious, picking the right travel insurance policy is highly subjective – so identify what you value most.
For example, if you're planning a road trip with your spouse and children, you'd likely opt for a family plan and might consider purchasing car insurance and a standard travel insurance plan. That is because rental vehicle excess fees are typically capped at a lower amount than the latter.
Most travel policies offer similar coverage, but the difference lies in the compensation offered per category - whether personal accident expenses, flight delays, or loss of belongings.
A typical travel insurance plan may also only cover individuals up to 70 years old.
Getting your travel insurance online can be a quick process, but you should also take note of how to make a claim and the exact parameters of your coverage. Whether upfront or in the fine print, these terms should be stated plainly on an insurance provider's website.
For instance, can a claim be made online? Or would you be required to fill out lengthy paperwork prior? It is also always a good idea to note the closest panel clinics in the area where you'll be living.
Filing for a travel insurance claim can seem daunting, especially if you are already overwhelmed and stressed out about the unforeseen situation resulting in your claims. Fret not! Here is your step-by-step guide on how to navigate the entire claims process:
Want to find out more about travel insurance before you commit to one? Check out our list of curated travel insurance guides to find the best travel insurance plan and the things to look out for before making your purchase:
This would depend on several factors, such as the risk of travel mishaps and total pre-trip costs that may be subjected to cancellations. With COVID-19, it is also crucial to purchase travel insurance that covers medical expenses, overseas hospital cash and quarantine allowance.
Family travel insurance plans may be most cost-effective if you are travelling together with other family members, as it is usually the most value for money to insure everyone under the same policy.
Yes, you can still purchase travel insurance once abroad. Such policies are known as post-departure policies and may charge higher premiums than policies purchased before your trip begins. Most importantly, do note that coverage for post-departure policies only begins 3 days (or 72 hours) from the time of purchase.
Before purchasing your travel insurance, you can begin by comparing policies based on types and amount of reimbursement offered against your personal needs and risks incurred for your travel (destination, nature of trip etc). Once you have a rough idea of how much coverage you require, compare between insurance plans for one that offers the best rates.
While you will still be able to purchase your travel insurance anytime before departure, it is recommended that you get insured as soon as you plan your trip and make the necessary reservations. This ensures that you are protected against unforeseen cancellations of bookings.
Finding the right travel insurance plan depends greatly on your needs and perhaps factors like the nature of risks incurred from your trip. There are also other more practical considerations that you may want to think about. For cancellation or baggage coverages, consider the coverage period and the amount you are insured for. With COVID-19 completely altering the travel landscape, pay special attention to medical coverages and COVID-19 related expenses such as whether your travel insurance offers quarantine allowances.
Apart from choosing travel insurance that is value for money, ensure that you cover all bases before committing to a policy. Your travel policy should cover you for risks or losses incurred from trip cancellation and interruption, baggage and personal item loss, medical expenses, COVID-19 related expenses, and life insurance coverage. More practically, you should also consider other factors such as the ease and process of claims and terms of claims.
The extension of travel insurance varies depending on your insurer. While some do not allow extensions, some travel insurers allow extensions subject to higher premiums.
Some travel insurance policies may exclude certain countries from coverage. It is best to check with your chosen insurer if your intended travel destination is covered under your plan.
Yes, you will still be fully covered if you need to amend your travel dates. However, note that different insurers have different amendment terms, and some may charge an administration fee.
Unfortunately, most travel insurance providers do not provide coverage for a pre-existing condition(s). For those that do, premiums are likely to be significantly higher.
As with all and any insurances, travel insurance works on the principle of risks. As such, factors that can affect the cost may include age, the destination of travel, the number of days of your trip, the amount of coverage chosen and the number of people covered in the policy.
No, travel insurance does not get more expensive closer to your departure. However, it is prudent to purchase your travel insurance as soon as you have started planning for your to maximise the benefits of your travel insurance.
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