Foreign-based insurer MSIG Insurance was established in 2002, and sits under MSIG Holdings (Asia) Pte Ltd. At large, its parent company - Mitsui Sumitomo Insurance Company (MSI) - has net premiums totalling some US$13 billion, and assets worth almost US$59 million.
As a member of the MS&AD Group, MSIG Insurance is one of several well-established general insurers whose products in Singapore span personal and commercial insurance plans.
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The full benefits are fleshed out below (see: Plan Tiers, Promo Codes and Prices).
Countries covered under its travel insurance plan are split into three areas, as follows:
If you're travelling in a group of two or more people (i.e. not solo), you'll appreciate that a group discount automatically applies.
You'll get 10% off for two to 10 insured persons, and 15% off for 11 to 20 insured persons.
The cost depends on the destination and duration of travel. The complete list of prices can be found on the official MSIG TravelEasy page, but here's a quick overview of premiums for Single Trips and Annual Plans.
Single Trip (first 3 days): $32 to $80
Single Trip (first 3 days): $44 to $104
Single Trip (first 3 days): $62 to $145
MSIG Premiums (Area A)
Single Trip (first 3 days): $38 to $95
Single Trip (first 3 days): $52 to $132
Single Trip (first 3 days): $80 to $188
MSIG Premiums (Area B)
Single Trip (first 3 days): $55 to $140
Single Trip (first 3 days): $72 to $170
Single Trip (first 3 days): $100 to $230
MSIG Premiums (Worldwide, including Areas A and B)
Beyond travel insurance prices, here's an overview of some corresponding coverage types per plan.
What You'll Get
Accidental death and permanent total disability
Individual cover: $50,000 (child) to $150,000 (adult below 70 years old)
Individual cover: $75,000 (child) to $200,000 (adult below 70 years old)
Individual cover: $10,000 (child) to $500,000 (adult below 70 years old)
Child education grant (upon accidental death of an insured parent)
$5,000 per child; up to $20,000
$8,000 per child; up to $32,000
Overseas medical expenses
Individual cover: $150,000 (child) to $250,000 (adult below 70 years old)
Individual cover: $200,000 (child) to $500,000 (adult below 70 years old)
Individual cover: $300,000 (child) to $1,000,000 (adult below 70 years old)
Insolvency of licensed travel operator
Individual cover: $2,000
Individual cover: $4,000
Individual cover: $6,000
Unused entertainment tickets (e.g. theme parks, performances, concerts) oweing to death, injury or illness
Individual cover: $300
Individual cover: $500
MSIG TravelEasy Travel Insurance Coverage
Still unsure? Find out everything you need about travel insurance - including the claims process, who the best travel insurance providers in Singapore are, and the key differences between Single Trip and Annual Plans.