6 Best Travel Insurance Plans in Singapore (Nov 2024)
On my very first overseas trip without my parents, the airline lost my luggage for almost 24 hours.
I was headed to Madrid, Spain, and had a layover in Zurich, Switzerland. It was there (probably while I was drooling over gourmet Swiss chocolates in the airport) that my luggage somehow got left behind.
It caught up to me the next day, magically appearing at the reception area of my accommodation in Spain. Given the length of time that had elapsed, many people I later recounted this story to asked me, “did you get compensation from your insurance?”
Then 19-year-old me knew enough about the world to get travel insurance, but didn’t know enough to realise you need to submit a claim in order to get compensation for delayed luggage. So no—sadly, I didn’t get a cent.
But that’s just 1 travel mishap story. All things considered, there are plenty of ways a vacation could go awry. Delayed luggage could end up being completely lost luggage. And that’s before we consider flight delays, falling ill overseas, getting pickpocketed, and more.
That’s why travel insurance is the next most important thing besides your flight ticket. Find out how to choose a plan, what to look out for, and the cheapest travel insurance you can buy with our comparison of the best travel insurance in Singapore and their ongoing promotions.
Best Travel Insurance in Singapore (2024)
1. Best travel insurance in Singapore
With the sheer number of travel insurance providers out there, it can be overwhelming to compare everything against everything else. We know that pain, because that’s exactly what we’ve just done. Wipe away those tears of exasperation—we’ve done the legwork for you and picked out the top 6 travel insurance plans in Singapore:
Best travel insurance | Premiums (for a 7-day trip to ASEAN destination) | COVID-19 Coverage |
$25 – $43 | Included | |
$34 – $58 | From an additional $6+ | |
$41 – $88 | Included | |
Tiq travel insurance (by Etiqa) | $42 – $95 | From an additional $3+ |
$53 – $83 | Included | |
$38 – $116 | Included |
Why are these the top 6? We’ve compared them based on affordability, COVID-19 cover inclusion, emergency medical coverage, and trip cancellation coverage. (If you’re an adventure seeker, that’s more niche—refer to this article for all the best travel insurance for extreme sports and outdoor adventure instead.)
Ready to dive into the deets? We compared the coverage and prices of most popular travel insurance plans in Singapore. So if you’re looking for a specific type of coverage for your travel needs, e.g. high trip cancellation coverage, this is a better summary table for you to work with:
Travel insurance | Premium (for 7-day trip to ASEAN destination) | Overseas medical coverage | Travel inconvenience coverage |
$25 – $43 | $50,000 – $250,00 | – Trip cancellation: $2,500 – $7,500 | |
$34 – $57 (Add $6 – 12 for COVID-19 coverage) | $200,000 – $1,000,000 | – Trip cancellation: $7,500 – $15,000 | |
$38 – $116 | $50,000–$1,000,00 | – Trip cancellation: Up to $15,000 | |
$39 – $72 (Add $3 – $17 for COVID-19 coverage) | $200,000 – $1,000,000 | – Trip cancellation: $5,000 – $10,000 | |
AMEX travel insurance (underwritten by Chubb) | $40 – $63 | $500,000 – $2,000,000 | – Trip cancellation: $5,000 to $20,000 |
$41 – $88 | $250,000 – Unlimited | – Trip cancellation: $5,000 to $20,000 | |
$42 | $150,000 | – Trip cancellation: $5,000 | |
AIG travel insurance (AIG Travel Guard Direct) | $48 – $125 | $100,000 – $2,500,000 | – Trip cancellation: $5,000 to $15,000 |
Chubb travel insurance | $51 – $120 | $250,000 to $2,000,000 | – Trip cancellation: $3,000 to $20,000 |
$53 – $83 | $200,000 – $1,000,000 | – Trip cancellation: $5,000 to $15,000 | |
UOB Travel Insurance (InsureTravel) | $54 – $97 | $150,000 – $1,00,000 | – Trip cancellation: $3,000 to $15,000 |
OCBC travel insurance (by Great Eastern) | $54 – $103 (Starter Plan doesn’t include coverage for COVID-19) | $300,000 – $700,000 | – Trip cancellation: $5,000 to $15,000 |
$64 – $83 | $200,000 – $400,00 | – Trip cancellation: $5,000 to $10,000 | |
$68 – $109 | $250,000 – $1,000,000 | – Trip cancellation: $5,000 to $15,000 | |
Great Eastern travel insurance (TravelSmart Premier) | $70 – $81 | $300,000 to $500,00 | – Trip cancellation: $10,000 to $15,000 |
DBS TravellerShield Plus (underwritten by Chubb) | $75 – $122 | $300,000 to $1,000,000 | – Trip cancellation: $5,000 to $15,000 |
$84 – $110 | $300,000 to $500,000 | – Trip cancellation: $5,000 to $10,000 | |
Enquire with an AIA Appointed Representative | $200,000 – $2,000,000 | – Trip cancellation: $5,000 to $15,000 |
Note: All travel insurance options above are before promotional discounts are applied. Unless otherwise stated, all include COVID-19 coverage.
2. Zurich travel insurance
Zurich travel insurance is the most budget-friendly option on our list. Prices for a 7-day trip to an ASEAN destination start from just $25—that’s less than $4 a day.
On top of that, you’ll also get free airport lounge access with Zurich’s Essential and Prestige plans if your flight is delayed by more than 2 hours. Yup, a miles card isn’t your only ticket in there!
Zurich travel insurance offers 3 plans. Here’s an overview of the coverage you can get with each of them:
Zurich Travel Insurance | Basic | Essential | Prestige |
Price (ASEAN) | $25/week | $33/week | $43/week |
Price (Asia) | $32/week | $41/week | $54/week |
Price (Worldwide) | $58/week | $76/week | $99/week |
Medical expenses (overseas) | $50,000 | $125,000 | $250,000 |
Emergency medical evacuation | Unlimited | Unlimited | Unlimited |
Personal accident (death & TPD) | $100,000 | $250,000 | $500,000 |
Travel delay | $200 ($200 for every 6 hours) | $400 ($200 for every 6 hours) | $800 ($200 for every 6 hours) |
Trip cancellation | $2,500 | $5,000 | $7,500 |
Baggage delay | $200 ($200 for every 6 hours) | $400 ($200 for every 6 hours) | $800 ($200 for every 6 hours) |
Baggage/ belongings loss | $2,000 | $3,000 | $5,000 |
COVID-19 cover | Automatically included | ||
If you’re a thrill-seeker looking at adventurous activities, Zurich travel insurance will also cover you for activities like bungee jumping, hot air ballooning, scuba diving, hiking, and skiing. All in all it’s fantastic value for money.
If you ask me, the main downside to Zurich travel insurance is its low overseas medical coverage. Ranging from $50,000 in the Basic plan to $250,000 in the Prestige plan, Zurich’s overseas medical coverage is more basic. But considering it also offers the lowest priced travel insurance plans out here, it’s still a good option to consider.
Zurich travel insurance promotion
Total Premium
S$24.57
10% OffTotal PremiumS$27.30
MoneySmart Exclusive
Best Value for ASEAN trip
Zurich Travel Insurance Basic
MoneySmart Exclusive:
[Prizes worth over S$25,000 | FLASH DEAL]
Get over S$110 worth of rewards including:
• Up to S$25 via PayNow with eligible premiums spent. T&Cs apply.
• S$30 Revolut cash reward
• S$20 iShopChangi vouchers
• S$30 Trip.com Hotel Coupon
• Eskimo Global 1GB eSIM (worth S$9.50) with every policy purchased.
Ready to Travel like a Millionaire and win over S$25,000 in prizes?
• Up to S$4,000 FREE Flights AND 1,000,000 Ascott Star Rewards points (worth S$6,500)
• 2D1N Staycation at Ascott Orchard Singapore (worth S$1,100)
• 20,000 Ascott Star Rewards points (worth S$50) and more! T&Cs apply.
• S$100 Revolut cash reward. T&Cs apply.
Valid until 30 Nov 2024
More Details
Key Features
Covers adventurous activities and S$200,000 for terrorism.
Covers up to S$100,000 for accidental death and permanent disablement and S$500,000 for personal liability.
Covers up to S$50,000 for overseas medical expenses incurred during your trip.
Complimentary Covid-19 coverage up to S$50,000 for overseas medical expenses due to Covid-19. Protecting you against unexpected expenses and disruptions caused by the pandemic.
Enjoy 24/7 worldwide emergency travel assistance for medical emergencies, lost documents, or travel guidance.
Their plans are already very affordable, but Zurich is currently offering a 10% discount on top of that. That means you can cover a 7-day trip to ASEAN with just $22.77.
Truth is, the discount is even greater when you consider the fact that you’ll also get over $110 worth of cash rewards when you purchase their travel insurance:
Up to $25 via PayNow with eligible premiums spent.
$30 Revolut cash reward
$20 iShopChangi vouchers
$30 Trip.com Hotel Coupon
Eskimo Global 1GB eSIM (worth $9.50) with every policy purchased.
Promo valid till 20 Nov 2024.
Plus, score up to $6,500 worth of travel rewards in our Travel Like a Millionaire campaign with Ascott Star Rewards.
Up to S$4,000 FREE Flights AND 1,000,000 Ascott Star Rewards points (worth S$6,500)
2D1N Staycation at Ascott Orchard Singapore (worth S$1,100)
…and more!
The Travel Like a Millionaire lucky draw qualifying period ends on 9 Dec 2024. T&Cs apply.
3. FWD travel insurance
FWD travel insurance offers some of the most affordable travel insurance plans in Singapore, so this is a budget-friendly option which still offers you great value for every dollar. I like that coverage for emergency medical evacuation is unlimited for all tiers, and overseas medical expenses go up to a generous $1,000,000.
Here’s a quick run-through of the price and benefits offered by FWD travel insurance plans:
FWD travel insurance prices/coverage | Premium | Business | First |
Price (ASEAN) | $34/week | $46/week | $58/week |
Price (Asia) | $35/week | $54/week | $68/week |
Price (Worldwide) | $57/week | $77/week | $103/week |
Medical expenses (overseas) | $200,000 | $500,000 | $1,000,000 |
Emergency medical evacuation | Unlimited | Unlimited | Unlimited |
Travel delay | $300 ($100/6 hours) | $500 ($100/6 hours) | $1,000 ($100/6 hours) |
Trip cancellation | $7,500 | $10,000 | $15,000 |
Baggage loss/damage | $3,000 | $5,000 | $7,500 |
When you’re purchasing FWD travel insurance, the COVID-19 benefits are an add-on. The price of the COVID-19 add-on costs between $11 to $22 depending on the part of the world you’re travelling to. If you choose to add it on, it’ll give you comprehensive coverage of the following:
Trip disruption
Trip cancellation
Overseas hospital cash
Hospital cash while in Singapore
Medical expenses
Emergency medical evacuation and repatriation
The plan reimburses your travel-related expenses if you are diagnosed with COVID-19 no more than 30 days before your scheduled departure date, or if you have to change your itinerary because of a COVID-19 diagnosis while overseas. You also get to claim medical expenses and a hospital cash benefit if you get hospitalised overseas or for up to 14 days in Singapore upon your return.
On top of that, there’s also an automatic policy extension of up to 21 days should you be prevented from travel as per foreign government regulations due to:
You contracting COVID-19; or
You or your travel companion needing to be self-isolated due to being in close contact with someone diagnosed with COVID-19
Read the full T&Cs of FWD’s COVID-19 coverage.
FWD travel insurance promotion
Total Premium
S$41.97
35% OffTotal PremiumS$64.57
MoneySmart Exclusive
Cancel for any reason add-on available
FWD First
MoneySmart Exclusive:
[Prizes worth over S$25,000 | FLASH DEAL]
Enjoy 35% off your Single Trip policy premium. Discount valid till 26 Nov 2024.
Get over S$55 worth of rewards including:
• S$30 Revolut cash reward
• S$20 iShopChangi vouchers
• Eskimo Global 1GB eSIM (worth S$9.50) with every policy purchased. T&Cs apply.
Ready to Travel like a Millionaire and win over S$25,000 in prizes?
• Up to S$4,000 FREE Flights AND 1,000,000 Ascott Star Rewards points (worth S$6,500)
• 2D1N Staycation at Ascott Orchard Singapore (worth S$1,100)
• 20,000 Ascott Star Rewards points (worth S$50) and more! T&Cs apply.
• S$100 Revolut cash reward. T&Cs apply.
Valid until 30 Nov 2024
More Details
Key Features
Enjoy cashless medical outpatient treatment in Singapore, access to emergency assistance and your travel policy documents through the FWD SG app!
Add on coverage for COVID-19 available for both Single & Annual Trips for travel period of 90 days or less.
Optional add on coverage available when your trip is cancelled for any reason for Single Trips. (To be purchased within 7 days of your initial trip deposit for your trip).
Optional add on coverage available for pre-existing Medical Conditions for Single Trips plans (up to 30 days) with S$150,000 coverage for medical expenses incurred overseas and 50% co-payment for trip cancellation, postponement and more!
Plan Highlights
Trip Cancellation |
|---|
S$7,500 |
S$1,000,000 |
S$1,000,000 |
S$30,000 |
S$1,000 |
Covid-19 Protection
Postponement Before Trip |
|---|
S$5,000 |
S$5,000 |
up to S$200,000 |
up to S$200,000 |
S$100 / day |
S$50 / day |
S$100 / day |
Leisure Activities
Bungee Jumping |
|---|
Currently, you can take 25% off the prices for all FWD travel insurance tiers–FWD Premium, FWD Business, and FWD First. That brings the rate for a 7-day ASEAN trip down to $26 to $44, or just $3+ to $6+ a day!
Plus, receive over $55 worth of rewards:
$30 Revolut cash reward
$20 iShopChangi vouchers
Eskimo Global 1GB eSIM (worth S$9.50) with every policy purchased.
Valid till 20 Nov 2024.
Plus, score up to $6,500 worth of travel rewards in our Travel Like a Millionaire campaign with Ascott Star Rewards.
Up to S$4,000 FREE Flights AND 1,000,000 Ascott Star Rewards points (worth S$6,500)
2D1N Staycation at Ascott Orchard Singapore (worth S$1,100)
…and more!
The Travel Like a Millionaire luckydraw qualifying period ends on 9 Dec 2024. T&Cs apply.
4. Starr travel insurance
Starr’s travel insurance Starr TraveLead Comprehensive is a leader in terms of how customisable their insurance is. When signing up, medical coverage (including COVID-19 coverage) is automatically included in all plans, but you can choose whether or not you want to add trip coverage (e.g. document loss, travel delay) and baggage coverage (e.g. baggage delay). Then, you can also easily add riders for Golf Protection, Cruise Vacation, Scuba Diving, and Snow Sports.
Starr TraveLead Comprehensive comes in 3 tiers: Gold, Silver and Bronze. Here are the prices and coverage amounts for each tier. Prices are given with trip coverage included in the plan.
Starr TraveLead Comprehensive prices/coverage | Bronze | Silver | Gold |
Price (ASEAN) | $53/week | $64/week | $83/week |
Price (Asia) | $53/week | $69/week | $89/week |
Price (Worldwide) | $66/week | $92/week | $119/week |
Medical expenses (overseas) | $500,000 | $500,000 | $1,000,000 |
Emergency medical evacuation | Unlimited | Unlimited | Unlimited |
Travel delay | $600 ($100/6 hours) | $600 ($100/6 hours) | $800 ($100/6 hours) |
Trip cancellation | $10,000 | $10,000 | $15,000 |
Baggage loss/damage | $5,000 | $5,000 | $7,500 |
The Silver tier is a good middle ground, offering you an adequate $500,000 overseas medical coverage, as well as $30,000 medical coverage for COVID-19 and $250 coverage for COVID-19 related trip curtailments and cancellations.
Starr travel insurance promotion
Total Premium
S$29.33
60% OffTotal PremiumS$73.32
MoneySmart Exclusive
Best Value Plan
Starr TraveLead Comprehensive Silver
MoneySmart Exclusive:
[GIVEAWAY | MoneySmart Exclusive]
Enjoy 60% off your Single Trip policy premium.
Get over S$105 worth of rewards including:
• Up to S$50 via PayNow OR an Apple AirTag (worth S$45) with eligible premiums spent. T&Cs apply.
• S$30 Revolut cash reward
• Up to S$20 iShopChangi vouchers
• Eskimo Global 1GB eSIM (worth S$9.50) with every policy purchased.
Score exciting gifts on top of existing rewards:
• Apple AirPods 4* (worth S$199). T&Cs apply.
• S$100 Revolut cash reward. T&Cs apply.
Valid until 26 Nov 2024
More Details
Key Features
For Cruise to nowhere insurance: Find out more here
Overseas Covid-19 related medical expenses of up to $30,000 SGD included (Excluding China).
Covid 19 Trip related cancellation/curtailment up to $250 SGD included (Excluding China).
Covers Travel Expenses for return of Child(ren) during the hospitalisation of the insured person.
No sublimit or restriction on outpatient expenses and number of visits
24 hours Global Emergency Assistance Services help you when you need it most, connecting you with medical treatment and transportation
Seamless and Cashless claims via PayNow
Please note that travelling to Russia and Ukraine is not covered in Starr’s insurance with immediate effect.
With the current 60% discount promotion on Starr travel insurance, prices are very affordable. Coverage for a week-long ASEAN trip is just $21 (about $3 a day), while a trip of the same duration to countries like USA costs $26 (under $4 a day).
Plus, you’ll receive over $105 worth of attractive gifts when you buy Starr travel insurance on MoneySmart:
Up to $25 via PayNow with eligible premiums spent.
$30 Revolut cash reward
$20 iShopChangi vouchers
$30 Trip.com Hotel Coupon
Eskimo Global 1GB eSIM (worth $9.50) with every policy purchased.
Promo valid till 20 Nov 2024.
Plus, score up to $6,500 worth of travel rewards in our Travel Like a Millionaire campaign with Ascott Star Rewards.
Up to S$4,000 FREE Flights AND 1,000,000 Ascott Star Rewards points (worth S$6,500)
2D1N Staycation at Ascott Orchard Singapore (worth S$1,100)
…and more!
The Travel Like a Millionaire lucky draw qualifying period ends on 9 Dec 2024. T&Cs apply.
5. MSIG travel insurance
MSIG travel insurance is categorised into 3 plans—Standard, Elite, and Premier. The cheapest, basic plan still offers pretty adequate coverage in medical emergencies and trip cancellations or delays.
Here’s a quick run-down of the plan’s key benefits. I’m excluding the lowest tier because its coverage is very basic, but you can read more about MSIG TravelEasy Lite on MoneySmart.
MSIG travel insurance | Standard | Elite | Premier |
Price (Area A) | $62/week | $83/week | $116/week |
Price (Area B) | $76/week | $106/week | $147/week |
Price (Area C) | $122/week | $155/week | $209/week |
Medical expenses (overseas) | $250,000 | $500,000 | $1,000,000 |
Emergency medical evacuation | $1,000,000 | $1,000,000 | $1,000,000 |
Travel delay | $500 ($100/6 hours) | $1,000 ($100/6 hours) | $1,500 ($100/6 hours) |
Trip cancellation | $5,000 | $10,000 | $15,000 |
Loss/damage baggage | $3,000 | $5,000 | $7,500 |
One more unusual area of coverage that MSIG includes is emergency dental expenses. You get $5,000 to $15,000 in coverage, depending on the travel insurance tier you select.
MSIG’s Areas A and B refer, roughly speaking, to ASEAN and Asia respectively. Here’s a more comprehensive list of the countries in each category:
Area A: Brunei, Cambodia, Indonesia, Laos, East and West Malaysia, Myanmar, Philippines, Thailand and Vietnam.
Area B: Australia, China (excluding Inner Mongolia and Tibet), Hong Kong, India, Japan, Macau, New Zealand, Sri Lanka, Taiwan, and all those in Area A.
Area C: Worldwide, including territories in Areas A and B.
MSIG travel insurance’s COVID-19 coverage is an automatic inclusion to its travel insurance plans and offers coverage such as trip cancellation, overseas medical expenses, and overseas quarantine daily cash allowance, but excludes daily hospital cash allowance.
MSIG travel insurance promotion
Total Premium
S$27.20
60% OffTotal PremiumS$68
MoneySmart Exclusive
Most Comprehensive
MSIG TravelEasy Standard
MoneySmart Exclusive:
[GIVEAWAY | MoneySmart Exclusive]
Get over S$130 worth of rewards including:
• Up to S$45 via PayNow OR 1 x Apple AirTag (worth S$45.40) with eligible premiums spent. T&Cs apply.
• S$30 Revolut cash reward
• Up to S$20 iShopChangi vouchers
• S$30 Trip.com Hotel Coupon*
• Eskimo Global 1GB eSIM (worth S$9.50) with every policy purchased.
Score exciting gifts on top of existing rewards:
• Apple iPad 10.9-inch 64GB (10th Gen). T&Cs apply.
• S$100 Revolut cash reward. T&Cs apply.
Valid until 30 Nov 2024
More Details
Key Features
Packaged tour coverage for insolvency of licensed travel agencies registered with the Singapore Tourism Board (includes NATAS registered travel agencies).
Get covered across all TravelEasy Plan types with a high limit of S$1,000,000 for emergency medical evacuation & repatriation
MSIG provides cover for insolvency of licensed travel agencies registered with the Singapore Tourism Board (includes NATAS registered travel agencies)
COVID-19 coverage of up to $150,000 medical cover and up to $1,500 travel inconvenience benefit for your trip protection.
Now is a great time to purchase travel insurance from MSIG—premiums are going at 55% off! And that’s not all. You can also get over $130 worth of rewards:
Up to $45 via PayNow OR 1 x Apple AirTag (worth S$45.40) with eligible premiums spent
$30 Revolut cash reward
Up to $20 iShopChangi vouchers
$30 Trip.com Hotel Coupon
Eskimo Global 1GB eSIM (worth $9.50) with every policy purchased.
On top of that, score awesome gadgets and gifts such as:
Apple iPad 10.9-inch 64GB (10th Gen)
$100 Revolut cash reward
Promotion valid till 20 Nov 2024. T&Cs apply.
6. Singlife travel insurance
Singlife travel insurance comes in 3 tiers—Lite, Plus, and Prestige. The price you pay and the coverage you’ll get increase with each plan.
Here are Singlife travel insurance’s key prices and benefits:
Singlife travel insurance | Lite | Plus | Prestige |
Price (ASEAN) | $41/week | $63/week | $88/week |
Price (Asia, Australia, New Zealand) | $51/week | $79/week | $111/week |
Price (Worldwide) | $76/week | $119/week | $174/week |
Emergency medical expenses / evacuation | $250,000 | $2,000,000 | Unlimited |
Travel delay | $500 ($100/6 hours) | $1,000 ($100/6 hours) | $2,000 ($100/6 hours) |
Trip cancellation | $5,000 | $15,000 | $20,000 |
Baggage loss/damage | $5,000 | $5,000 | $8,000 |
On top of the coverage above, Singlife also covers you for chiropractor and/or Chinese physician treatment: $250 ($50 per visit) for Lite, $500 ($75 per visit) for Plus, and $1000 ($100 per visit) for Prestige.
While Singlife travel insurance’s coverage is quite comprehensive, we have to dock some points for the lack of overseas hospital cash allowance and pretty low COVID-19 trip cancellation coverage.
Also, do note that the lowest tier, Lite, doesn’t come with certain coverage, such as trip cancellation or postponement for any reason.
Singlife travel insurance promotion
Total Premium
S$50.01
25% OffTotal PremiumS$66.68
MoneySmart Exclusive
Free Trip Cancellation
Singlife Travel Plus
MoneySmart Exclusive:
[GIVEAWAY | SmartRewards | Receive your rewards as fast as 30 days*]
Get over S$115 worth of rewards including:
• Up to 510 SmartPoints OR S$30 via PayNow with eligible premiums spent. T&Cs apply.
• S$30 Revolut cash reward
• Up to S$20 iShopChangi vouchers
• S$30 Trip.com Hotel Coupon
• Eskimo Global 1GB eSIM (worth S$9.50) with every policy purchased.
Use SmartPoints to redeem your favourite product from our Rewards Store today.
PLUS, score S$100 Revolut cash reward in our giveaway on top of existing rewards. T&Cs apply.
Valid until 30 Nov 2024
More Details
Key Features
Covers trip cancellation and trip curtailment for any reason, T&Cs apply.
Covers trip interruptions or cancellations due to COVID-19 and cover your medical treatment should you contract COVID-19 whilst overseas and in Singapore.
Coverage for loss of frequent flyers points, hotel points & credit card points.
Payout of S$100** should your trip be affected by excessive rainfall.
**For single trips (minimum 3 days) where more than 50% of trip duration is affected by rainfall levels of >6.4mm in a 24-hour period.
Seamless claims experience with PayNow
It’s a win-win situation—get 28% off your Singlife travel insurance premiums with over $115 worth of goodies thrown in:
Up to 510 SmartPoints OR $30 via PayNow with eligible premiums spent.
$30 Revolut cash reward
Up to $20 iShopChangi vouchers
$30 Trip.com Hotel Coupon
Eskimo Global 1GB eSIM (worth $9.50) with every policy purchased.
Promotion valid till 20 Nov 2024. T&Cs apply.
7. Etiqa Travel Insurance
Do you hate making travel insurance claims? I do. That’s why when a friend of mine told me that you don’t need to make any claim on Etiqa to receive compensation for your flight delay, I was very intrigued.
Etiqa has the most seamless claim process for flight delays. All you need to do is enter your flight details when purchasing your insurance. Etiqa will monitor your flight and know if your flight is delayed (to count as a delay, it needs to be pushed back at least 3 consecutive hours). If that happens, they’ll transfer money into your Etiqa TiqConnect eWallet—even if you don’t submit a claim! You can then encash that sum via PayNow.
On top of this travel delay claim benefit, Etiqa also provides flight check-in reminders and baggage belt collection details via SMS when you land. I experienced this myself when I bought Etiqa’s travel insurance for my trip to the UK this year. Now that’s what I call service.
Etiqa’s travel insurance is called Tiq Travel Insurance and comes in 3 tiers: Tiq Entry, Tiq Savvy, and Tiq Luxury. Here are their costs and coverage components:
Tiq by Etiqa travel insurance | Tiq Entry | Tiq Savvy | Tiq Luxury |
Price (ASEAN) | $42/week | $66/week | $95/week |
Price (Asia, Australia, New Zealand) | $53/week | $82/week | $119/week |
Price (Worldwide) | $105/week | $164/week | $238/week |
Overseas medical expenses | $200,000 | $500,000 | $1,000,000 |
Emergency medical evacuation / repatriation of mortal remains (combined limit) | $1,000,000 | $1,500,000 | $1,800,000 |
Travel delay | $300 ($50/3 hours) | $300 ($50/3 hours) | $500 ($50/3 hours) |
Trip cancellation | $5,000 | $5,000 | $10,000 |
Baggage loss/damage | $2,000 | $2,000 | $3,000 |
Tiq Entry is sufficient to give you essential coverage for travel disruptions. But if you’ve just a little more to spend, go for Tiq Savvy. This will more than double your coverage limit for overseas medical expenses from $200,000 to $500,000 for just an additional $5 a week—that’s less than $1 a day.
Total Premium
S$35.25
50% OffTotal PremiumS$70.50
MoneySmart Exclusive
Most efficient claims for flight delay
Tiq Savvy
MoneySmart Exclusive:
[GIVEAWAY | FLASH SALE]
Get S$40 worth of rewards including:
• S$30 Revolut cash reward
• S$10 iShopChangi vouchers with every policy purchased. T&Cs apply.
PLUS, score S$100 Revolut cash reward in our giveaway on top of existing rewards. T&Cs apply.
[Tiq Promotion]
PLUS, get FREE Travel Insurance (worth S$30) when you are new to Tiq. T&Cs apply.
Valid until 30 Nov 2024
More Details
Key Features
Comprehensive COVID-19 add-on, protecting you before, during and after your trip
Covers Cruise to Nowhere
Get paid upon a 3-hour flight delay, even without submitting a claim
Instant claims encashment via PayNow
24-hour worldwide emergency travel support
The only disadvantage to Tiq travel insurance is that COVID-19 coverage is not included in the base price and you’ll have to pay for their optional COVID-19 Add-On (from $18/week) to be covered. Some people might say this is an advantage—it gives you a greater degree of flexibility to decide if you want to have COVID-19 coverage or not, especially as COVID-19 becomes less and less prevalent. However, the fact remains that you need to pay extra for it compared to travel insurance plans where COVID-19 coverage is already included.
Etiqa travel insurance promotion
Total Premium
S$22.50
50% OffTotal PremiumS$45
MoneySmart Exclusive
Most efficient claims for flight delay
Tiq Entry
MoneySmart Exclusive:
[GIVEAWAY | FLASH SALE]
Get S$40 worth of rewards including:
• S$30 Revolut cash reward
• S$10 iShopChangi vouchers with every policy purchased. T&Cs apply.
PLUS, score S$100 Revolut cash reward in our giveaway on top of existing rewards. T&Cs apply.
[Tiq Promotion]
PLUS, get FREE Travel Insurance (worth S$30) when you are new to Tiq. T&Cs apply.
Valid until 30 Nov 2024
More Details
Key Features
Comprehensive Covid-19 add-on, protecting you before, during and after your trip
Covers Cruise to Nowhere
Instant claims encashment via PayNow
24-hour worldwide emergency travel support
Get paid upon a 3-hour flight delay, even without submitting a claim
Take 50% off your Tiq Single Trip policy premiums and 80% off COVID-19 add-ons for Annual Plans. On top of that, enjoy these goodies!
$30 Revolut cash reward
$10 iShopChangi vouchers with every policy purchased.
Plus, score a $100 Revolut cash reward in our giveaway.
New to Tiq? Get FREE travel insurance (worth S$30) from Tiq with the promo code FREETRAVEL.
Valid till 30 Nov 2024. T&Cs apply.
8. Cheapest travel insurance in Singapore
When I buy travel insurance, I don’t really care whether the insurer has 900 years of experience or if the plan comes with extra coverage for Chanel bags. Just give me the cheapest travel insurance plan can liao!
If that sounds like you too, you’ll be glad to know we’ve done the legwork for you. After assessing the most popular travel insurers in Singapore, the honour of cheapest travel insurance in Singapore goes to…Zurich travel insurance.
Total Premium
S$24.57
10% OffTotal PremiumS$27.30
MoneySmart Exclusive
Best Value for ASEAN trip
Zurich Travel Insurance Basic
MoneySmart Exclusive:
[Prizes worth over S$25,000 | FLASH DEAL]
Get over S$110 worth of rewards including:
• Up to S$25 via PayNow with eligible premiums spent. T&Cs apply.
• S$30 Revolut cash reward
• S$20 iShopChangi vouchers
• S$30 Trip.com Hotel Coupon
• Eskimo Global 1GB eSIM (worth S$9.50) with every policy purchased.
Ready to Travel like a Millionaire and win over S$25,000 in prizes?
• Up to S$4,000 FREE Flights AND 1,000,000 Ascott Star Rewards points (worth S$6,500)
• 2D1N Staycation at Ascott Orchard Singapore (worth S$1,100)
• 20,000 Ascott Star Rewards points (worth S$50) and more! T&Cs apply.
• S$100 Revolut cash reward. T&Cs apply.
Valid until 30 Nov 2024
More Details
Key Features
Covers adventurous activities and S$200,000 for terrorism.
Covers up to S$100,000 for accidental death and permanent disablement and S$500,000 for personal liability.
Covers up to S$50,000 for overseas medical expenses incurred during your trip.
Complimentary Covid-19 coverage up to S$50,000 for overseas medical expenses due to Covid-19. Protecting you against unexpected expenses and disruptions caused by the pandemic.
Enjoy 24/7 worldwide emergency travel assistance for medical emergencies, lost documents, or travel guidance.
Travel insurance | Premium (for 7-day trip to ASEAN destination) |
$25 – $43 | |
$34 – $57 (Add on $6 – 12 for COVID-19 coverage) | |
$38 – $116 | |
$39 – $72 (Add on $18 – $40 for COVID-19 coverage) | |
$40 – $63 | |
$41 – $88 | |
$42 | |
AIG travel insurance (AIG Travel Guard Direct) | $48 – $125 |
Chubb Travel Insurance | $51 – $120 |
$53 – $83 | |
$54 – $97 | |
$54 – $103 (COVID-19 coverage not included in the Starter Plan) | |
$64 – $83 | |
$68 – $109 | |
$70 – $81 (COVID-19 coverage not included in Basic plan) | |
$75 – $122 | |
$84 – $110 |
But as the old saying goes, you get what you pay for. Will you regret being a cheapskate and lose out on important coverage if the only number you look at is the price?
In a way, yes. Because Zurich travel insurance may be the cheapest option, but its medical coverage is quite basic. The lowest tier plan, Zurich Travel Insurance Basic, only comes with $50,000 of overseas medical coverage, and Zurich Travel Insurance Prestige maxes out their medical coverage at a $250,000.
Let’s look at the next cheapest travel insurance for comparison. FWD Premium, FWD’s lowest tier travel insurance plan, costs $33 for $200,000 overseas medical coverage. FWD First comes with a whopping $1,000,000 overseas medical coverage for $57.
Total Premium
S$23.95
35% OffTotal PremiumS$36.85
MoneySmart Exclusive
Cancel for any reason add-on available
FWD Premium
MoneySmart Exclusive:
[Prizes worth over S$25,000 | FLASH DEAL]
Enjoy 35% off your Single Trip policy premium. Discount valid till 26 Nov 2024.
Get over S$55 worth of rewards including:
• S$30 Revolut cash reward
• S$20 iShopChangi vouchers
• Eskimo Global 1GB eSIM (worth S$9.50) with every policy purchased. T&Cs apply.
Ready to Travel like a Millionaire and win over S$25,000 in prizes?
• Up to S$4,000 FREE Flights AND 1,000,000 Ascott Star Rewards points (worth S$6,500)
• 2D1N Staycation at Ascott Orchard Singapore (worth S$1,100)
• 20,000 Ascott Star Rewards points (worth S$50) and more! T&Cs apply.
• S$100 Revolut cash reward. T&Cs apply.
Valid until 30 Nov 2024
More Details
Key Features
Enjoy cashless medical outpatient treatment in Singapore, access to emergency assistance and your travel policy documents through the FWD SG app!
Add on coverage for COVID-19 available for both Single & Annual Trips for travel period of 90 days or less.
Optional add on coverage available when your trip is cancelled for any reason for Single Trips. (To be purchased within 7 days of your initial trip deposit for your trip).
Optional add on coverage available for pre-existing Medical Conditions for Single Trips plans (up to 30 days) with S$50,000 coverage for medical expenses incurred overseas and 50% co-payment for trip cancellation, postponement and more!
However, Zurich travel insurance’s other components, such as trip cancellation coverage and coverage for lost or damaged baggage, are better. Plus, it has a big perk: if your flight gets delayed for more than 2 hours, you get free airport lounge access!
Personally, Zurich’s lacking medical coverage is a disadvantage for me. But if the other benefits matter more to you than coverage for medical expenses, Zurich is worth considering.
At the end of the day, ask yourself what specific travel insurance coverage you want to have, and assess the travel insurance options to find one that suits your needs.
Need some help? Read our travel insurance guide to understand all you need to know about choosing the best travel insurance. Don’t forget to use our travel insurance comparison tool to seamlessly compare plans across different providers in Singapore. We also have a comparison tool for travel insurance in Hong Kong!
What about the discounted prices?
Travel insurers have “limited-time” discounts all the time. This is no secret. It does, however, make it difficult to compare prices when an expensive plan is on 40% off but a cheaper one is on 10% off. That’s why for the table above, we compared base prices without discounts.
But when you take into account promotional prices, which plan is the cheapest? There’s no need to open a million tabs to compare every travel insurance plan out there. Just use our travel insurance comparison tool with the “Lowest Price” filter on. You’re welcome!
Planning to get travel insurance for your next trip? Learn how to claim for COVID-19 here!
About the author
Vanessa Nah is a personal finance content writer who pens articles on the ins and outs of travel insurance, the T&Cs of credit cards, and the ups and downs of alternative investments. She’s a researcher at heart and leaves no stone unturned when it comes to breaking down complex finance concepts and making them easy to understand for the everyday Singaporean. When Vanessa’s not debunking finance myths, you’ll find her attending dance classes, fingerpicking a guitar, or (most impawtently) fulfilling her life mission to make her one-eyed cat the most spoiled and loved kitty in the world.
6 Best Travel Insurance Plans in Singapore (Nov 2024) was first published on the MoneySmart blog.
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