It’s not uncommon for unexpected events to unfold when you least expect them. Unfortunately, these unanticipated incidents can also prove to be very costly in the long run. In fact, without the right travel insurance plan in place, you might have to shell out thousands of dollars just to get back on your feet after a trip gone wrong.
The costs incurred from missing your flight or failing to meet the visa requirements of the country you are visiting can cost you anywhere between SGD300 and SGD1,000. Without travel insurance, this bill alone could put a serious dent in your bank balance. To protect yourself from such financial blows while traveling abroad, it is best that you look into getting an affordable travel insurance plan with a solid coverage policy that fits your budget and needs as a traveler.
5 Best Travel Insurance Plans In Singapore
Travel Insurance Plans are not all the same! Some will have a higher coverage limit, some will have a lower premium, some have fewer restrictions, and some have better customer service. The best way to find the travel insurance plan that will work best for you is to compare multiple plans.
This will allow you to see which travel insurance plans have the best coverage, premium, and customer service. The table above gives you a quick breakdown of the top 5 travel insurance plans in Singapore. Travel Insurance Plans differ greatly in the level of coverage, the amount of coverage (coverage limits), the exclusions (what’s not covered), and the cost. Some plans are better than others in certain areas while some plans may be lacking in other areas.
To get the best travel insurance plan for you, you’ll want to compare the travel insurance plans available so you can see which one best suits your needs.
Grab Tavel Insurance
This travel insurance plan offers excellent coverage for any trip abroad. The travel insurance plan by Grab provides coverage for medical expenses, trip cancellation, trip interruption, lost or stolen bags, and trip delay. This travel insurance plan also offers coverage with additional Covid-19 coverage.
The Mariner Traveler’s Cover by APM travel insurance plan offers a low premium, has a healthy coverage limit and has only practical exclusions. Although this travel insurance plan has excellent coverage and a low premium, the customer service needs improvement.
Traveler’s Network Company Limited (TNC) Travel Protection Plan
This is among the best travel insurance plans in Singapore that provide personal travel protection for any trip abroad. Traveler’s Network Company Limited (TNC) Travel Protection Plan provides coverage for medical expenses, trip cancellation, trip interruption, and lost or stolen bags.
This travel insurance plan also provides coverage for worldwide travel excluding war-affected areas. Traveler’s Network Company Limited (TNC) Travel Protection Plan offers a high coverage limit of SGD5,000, has a low premium, and has very few exclusions. The 6-week policy term is also very appealing. The only negative aspect of this travel insurance plan is that the customer service could be better.
Allianz Travel Care Plan for SG Travellers (ATCPSSG)
This travel insurance plan provides excellent coverage for any trip abroad. The Allianz Travel Care Plan for SG Travellers (ATCPSSG) policy offers coverage for medical expenses, trip cancellation, trip interruption, lost or stolen bags, and trip delay.
This travel insurance plan also provides coverage for worldwide travel excluding war-affected areas. The Allianz Travel Care Plan for SG Travellers (ATCPSSG) travel insurance plan provides a high coverage limit of SGD10,000, has a low premium, and has very few exclusions. This travel insurance plan is an excellent choice for traveling abroad.
AXA Travel Guard Singapore
This travel insurance plan provides excellent coverage for any trip abroad. The AXA Travel Guard Singapore policy offers coverage for medical expenses, trip cancellation, trip interruption, lost or stolen bags, and trip delay.
This travel insurance plan also provides coverage for worldwide travel excluding war-affected areas. The AXA Travel Guard Singapore travel insurance plan offers a high coverage limit of SGD10,000 and has a low premium. The only negative aspect of this travel insurance plan is that customer service needs to be improved.
Conclusion
There are many travel insurance plans available in Singapore, and the best one for you will depend on your particular needs and budget. To choose the best travel insurance plan, you should understand your coverage needs and compare different travel insurance plans. To get the best deal, you may want to consider purchasing your travel insurance plan early. Keep in mind that while a travel insurance plan is a useful tool for protecting yourself while traveling, it does not guarantee 100% protection against any and all losses. In order to get the most out of your travel insurance plan, it’s important to read the policy closely and understand what is and isn’t covered.
