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7 Best Travel Insurances in Singapore [2023]

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Travel Insurance Singapore

Best Travel Insurance Singapore
Best Travel Insurance Singapore

Travel Insurance offers travel protection and travel assistance to protect you from the risks of traveling. Traveling can be risky, and it’s important to make sure you’re protected in order to enjoy your trip without worrying about financial repercussions.

If you’re a travel enthusiast, then travel insurance is a must-have for you. Traveling can be unpredictable and there are many things that can go wrong while traveling overseas from loss of luggage to medical emergencies which require travel insurance coverage.

Especially with the existing risk of the Covid-19 pandemic, it is important to choose a travel insurance that will help you lessen your worries especially when travelling nowadays.

In this article, we will discuss some of the Best Travel Insurances available in Singapore for travelers who are looking for reliable protection when they travel abroad.

1. Allianz Travel Insurance

Key ServicesTravel Insurance Catered to Different Needs
Phone+65 6327 2215
Operating HoursMon – Fri, 9:00 – 17:30

The Allianz Travel Insurance has the most comprehensive COVID-19 medical coverage, providing $1 million in coverage. It also includes a unique benefit: the option to advance payments (subject to availability or approval) if you are admitted to a hospital as an inpatient.

However, it loses points for lacking a worldwide hospital cash payment and quarantine allowance coverage. If you want an all-in-one policy without having to purchase an extra COVID-19 addon, go with this option.

Key Differentiators

  • Identify closest hospitals & arrange and pay for transport
  • Advance payment for in-patient services, where accepted
  • Provision of medical escort if needed, subject to availability
  • Arrange payment to return home

Client’s Testimony

“I got my luggage delayed during my trip in Thailand in 2018, Allianz travel insurance have been helpful when I inquiry before buying the insurance, during the luggage delayed happen, and afterwards to claim. Response have been very fast and accurate. Claim is also very fast. I would give 5 stars plus plus plus if possible”

2. Sompo Travel (COVID-19) Essential travel Insurance

Key ServicesTravel safely and smartly with COVID-19 coverage
Address50 Raffles Place, #03-03 Singapore Land Tower, Singapore 048623
Phone65 6461 6555
Operating HoursMondays to Fridays, 8.30am to 5.30pm

If you, an immediate family member, or a traveling companion who is insured by Sompo were diagnosed with Covid-19 less than 30 days before your scheduled departure date, you are eligible for compensation. Whether to claim for travel expenses rather than going alone is up to you.

While traveling, you are entitled to a refund if your trip is canceled. You can also seek recompense if the proposed duration of your holiday proves shorter than anticipated because of circumstances out of your control. Additionally, while away, you are protected from trips being cut short due to another person’s Covid-19 diagnosis.

Expenses for travel to and from a hospital can be claimed for a maximum of 45 days; following the first day being the day you first seek treatment or when your benefits limit is first reached, whichever comes first.

Overall, this strategy gives you a lot of leeway with changes to your travel plans, but it isn’t nearly as flexible when it comes to medical treatment. It’s most likely preferable if you are under the age of 55, have no underlying health concerns, and have already been immunized.

Key Differentiators

  • Benefits such as personal accident, medical expenses overseas, travel delay, loss of personal belongings
  • Takes care of the essential coverage you need
  • Protection against hefty overseas medical expenses

3. FWD travel insurance + Covid-19 coverage

Key ServicesComprehensive COVID-19 coverage
Sports equipment protector
Pet care
Home contents cover
Car rental excess
AddressFWD Singapore Pte Ltd
6 Temasek Boulevard, #18-01
Suntec Tower Four
Singapore 038986
Phone+65 6820 8888
Operating HoursMonday to Friday: 9:00am – 10:00pm
Saturday: 9:00am – 1:00pm

If you’re already hesitant about the expense of all the antigen tests you’ll have to take before and after your trip, FWD is a budget-friendly alternative since its travel insurance policies are among the most inexpensive in Singapore.

If you have a Covid-19 diagnosis less than 30 days before your scheduled departure date or are forced to alter your itinerary due to an overseas Covid-19 restriction, the plan reimburses some of your travel-related expenditures.

If you are traveling overseas or require hospitalization for a period of up to 14 days in Singapore, you may be eligible for tax relief on medical expenses and a hospital cash benefit.

Although coverage is quite limited, the rate is incredibly low. If you can’t afford anything else, get this.

Key Differentiators

  • COVID-19 Enhanced Travel Benefits
  • Keeps you financially protected 
  • Insurance up to 180 days before your scheduled trip

Client’s Testimony

Tracy has provided efficient support of the extension of my travel policy while I’m abroad and accommodating to my timezone differences. I’m satisfied with the service provided.

Gwen Ching

4. Tiq Travel Insurance

Key ServicesComprehensive COVID-19 add-on
Get paid upon a 3-hour flight delay, even without submitting a claim
Instant claims encashment
AddressOne Raffles Quay, #22-01 North Tower, Singapore 048583
Phone+65 6887 8777
Operating HoursMonday – Friday
8:45am – 5:30pm

Tiq travel insurance, which joined the list late due to COVID-19 exclusions, is now providing COVID-19 coverage as an add-on. This is divided into three levels: entry, savvy, and luxury, depending on the coverage level you pick.

The maximum benefit level of S$300,000 for COVID-19 medical expenses incurred outside of Singapore, as well as up to S$5,000 for trip cancellation and deposit loss, is offered by the top plan. You are covered up to S$1,500 if your trip is delayed.

In addition, there is a quarantine allowance of up to S$1,500 per month, S$100 every 24 hours, and up to S$500,000 for emergency medical evacuation.

Since the COVID-19 coverage is only available as a rider, you’ll just have to add a little extra to enjoy the benefits and provide you and your family peace of mind.

Key Differentiators

  • Coverage for pre-existing medical conditions
  • 24-hour worldwide emergency travel support
  • Protection before, during,and during your tri

5. AXA Wanderlust

Key ServicesMedical Expenses Coverage
Overseas Hospitalisation Allowance
24-Hour Emergency Travel-Related Assistance
Travel Inconveniences
Natural Disaster Benefit
Adventure Cover
Covers you if you are injured whilst participating in adventurous activities for leisure purpose during
COVID-19 extension
Address8 Shenton Way, #24-01 AXA Tower, Singapore 068811
Phone+65 6880 4888
Operating Hours9:00am – 5:30pm (Monday – Friday)

The Essential or Comprehensive Plan are the two plans offered by AXA SmartTraveller, and it provides different levels of coverage.

If you need medical treatment in a foreign country, the Comprehensive plan offers coverage of up to S$150,000 COVID-19, and the Essential plan covers up to S$75,000. There’s also a hospitalization benefit of up to S$2,000 for the Complete plan.

AXA provides you with a daily allowance of S$50 if you are quarantined in another country due to the pandemic, as well as coverage up to S$700. You can also rely on emergency medical evacuation and repatriation services if you need them.

If your trip is delayed or canceled, you won’t have to pay the entire amount. This travel insurance protects you against a variety of reasons for delays and cancellations, including being diagnosed with COVID-19 or self-isolation as a possible case of COVID-19.

Key Differentiators

  • Covid-19 extension: Overseas medical expenses
  • Overseas hospitalisation allowance
  • Emergency medical evacuation and/or repatriation
  • Pre-departure trip cancellation or postponement
  • Trip curtailment or rearrangement losses

6. AIG Travel Guard

Key ServicesOverseas medical expenses and emergency medical evacuation
Pre-trip cancellation
Loss of personal belongings
Baggage delay
AddressAIG Building
78 Shenton Way, Level 1
Singapore 079120
Contact Form
Operating HoursUpon appointment

If you’re caught in Covid-19 in Singapore, the insurance covers your travel expenses if you have to postpone your trip or cancel it because of the illness. You receive medical coverage as well as a quarantine allowance.

Although this is a good list of advantages compared to what the competition has to offer, there are a few omissions from the list, including a daily hospital cash benefit, early return home, and trip interruption owing to quarantine or other government changing policies.

Key Differentiators

  • Alteration of your trip
  • Early return home
  • Out-of-country COVID-19 diagnosis quarantine allowance

7. Singlife Travel Insurance

Key ServicesSingle trip insurance
Annual multi-trip insurance
Address4 Shenton Way, SGX Centre 2
01-01, Singapore 068807
Phone+65 6460 9391
Operating HoursMondays to Fridays: 8:45am to 5:30pm

You can get Singlife travel insurance in three different levels — Lite, Plus, and Prestige. If you opt for the COVID-19 certification, only the top two tiers provide unlimited coverage for essential medical evacuation and repatriation.

The insurance provides worldwide quarantine benefits of up to S$100 per day for members under the Prestige plan, and up to S$2,000 for members on the Premium plan. The Plus plan gives S$50 per day up to a maximum of S$1,000. The Lite policy is not covered by this coverage.

For any trip cancellation, delay, or interruption, the Prestige plan will pay up to S$2,000 while the Plus plan covers up to S$1,500, and the Lite program reimburses up to S$500.

Key Differentiators

  • 24/7 Emergency travel assistance
  • Loss of frequent flyers points
  • Rental vehicle excess
  • Loss of baggage
  • Accidental death & disability5
  • Overseas medical expenses
  • Personal liability
  • Trip interruption – Change of trip itinerary

Travel Insurance Singapore

Travelers are increasingly looking for travel insurance that provides the best travel protection and travel assistance. This post can help you find reliable travel insurance in Singapore to protect your trip from the risks of traveling within the island or even abroad.

The 7 Best Travel Insurances discussed here all offer different levels of coverage, so if you’re not sure which one is right for you, be sure to review this article before making a decision on what type of travel insurance policy is suitable for your needs.

Looking for more interesting articles to read? Check out some more of our blog posts down below!

Rachel Tan - FunEmpire

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Rachel Tan is the editor at FunEmpire Media Singapore. She has over 8 years of experience in the media industry discovering the best local businesses, places and things to do in Singapore. From lifestyle, entertainment, food, travel, education and more, Rachel is a trusted source to curate the very best Singapore has to offer.