5 BEST TRAVEL INSURANCE WITH COVID-19 COVERAGE IN SINGAPORE (2022)
As the end of the year draws near, and you get ready to jet off, don't forget to purchase perhaps the next most important thing besides your flight ticket. We're talking about travel insurance!
Remember the good old days when lost luggage was your biggest worry? These days, the most likely mishaps to happen are related to Covid-19, whether be it an infection or a trip cancellation.
Most insurance providers have added Covid-19 coverage to their travel insurance plans but to varying extents, some offering far better coverage than others. Find out how to choose, what to look out for, and the cheapest travel insurance with a comparison of the best plans in Singapore with COVID-19 coverage.
Contents
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- Best travel insurance with Covid-19 coverage
- FWD travel insurance
- MSIG travel insurance
- Singlife with Aviva travel insurance
- DBS Chubb travel insurance
- Sompo travel insurance
- Cheapest travel insurance in Singapore
- Travel insurance’s Covid-19 coverage
- How to choose the best travel insurance policy?
- Tested positive for Covid-19 while overseas
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1. Best travel insurance with Covid-19 coverage
With the sheer number of travel insurance providers out there, it can be a wee bit overwhelming to compare one against the other to weigh which travel insurance plan triumphs over the other. You can wipe your tears of exasperation because we've done all the legwork for you so you don't have to. Here are the top 5 travel insurance plans in Singapore you should consider:| Best Travel Insurance | Premiums | Covid-19 Coverage | Easy to Claim? |
|---|---|---|---|
| FWD Travel Insurance | $25 - $73/week (add $15.45 - $28.93 for Covid) | Add $15.45 - $28.93 | Good reputation |
| MSIG Travel Insurance | $61 - $201/week | Yes | Mixed reviews |
| Singlife with Aviva Travel Insurance | $39.77 - $156.51/week | Yes | Reportedly slow claims |
| DBS Chubb Travel Insurance | $75 - $280/week | Yes | Good worldwide reputation |
| Sompo Travel Insurance | $64 - $165/week | Yes | Smooth, easy |
| Travel Insurance | Premiums | Covid-19 Coverage | Emergency Medical Cover | Trip Cancellation | Easy to Claim? |
|---|---|---|---|---|---|
| FWD Travel Insurance | $25 - $73/week | Add $15.45 - $28.93 | $200,000 - Unlimited | $7,500 - $15,000 | Good reputation |
| NTUC Travel Insurance | $61 - $195/week | Yes | $250,000 - $350,000 | $5,000 - $15,000 | Bad reputation online |
| AIG Travel Insurance | $27 - $185/week | Yes | $50,000 - $200,000 | $2,500 - $5,000 | Bad reputation online |
| AXA Travel Insurance | $100.18 - $159.91/week | Yes | $30,000 - Unlimited | $1,000 - $6,000 | Fast, straightforward |
| MSIG Travel Insurance | $61 - $201/week | Yes | $250,000 - $1,000,000 | $5,000 - $15,000 | Mixed reviews |
| Singlife with Aviva Travel Insurance | $39.77 - $156.51/week | Yes | $250,000 - Unlimited | $5,000 - $20,000 | Reportedly slow claims |
| DBS Chubb Travel Insurance | $75 - $280/week | Yes | $300,000 - $1,000,000 | $5,000 - $15,000 | Good worldwide reputation |
| Great Eastern Travel Insurance | $26 - $118/week | Classic, Elite only | $100,000 - $1,000,000 | $2,000 - $15,000 | Mixed reviews, depends on agent |
| Sompo Travel Insurance | $64 - $165/week | Yes | $200,000 - $800,000 | $5,000 - $10,000 | Smooth, easy |
| AIA Travel Insurance | $37.30 - $123/week | Yes | $200,000 - Unlimited | $5,000 - $15,000 | Mixed review, depends on agent |
| Etiqa Travel Insurance | $39 - $106/week | Add $18 - $63 | $200,000 - $1,800,000 | $5,000 - $10,000 | Unknown |
| Citibank Travel Insurance | $50 - $105/week | No | $500,000 - $1,500,000 | $15,000 | Good |
| Tokio Marine Travel Insurance | $78 - $144/week | Yes | $300,000 - $1,000,000 | $10,000 - $20,000 | Unknown |
| $40 - $152/week | Yes | $500,000 - Unlimited | $5,000 - $20,000 | Stringent | |
| $46 - $123/week | Yes | $200,000 - Unlimited | $3,000 - $7,500 | Troublesome | |
| OCBC Travel Insurance | $54 - $138/week | Yes | $300,000 - $1,000,000 | $5,000 - $15,000 | Claim through Great Eastern |
2. FWD Travel Insurance
[ms-inline-widget pre_existing_conditions="covid-19-coverage" provider_slugs="fwd" insurance_type="travel-insurance" countries="TH" duration="7" category_slug="single-trip" adults="1" children="0" locale="en" country_code="sg" channel="travel-insurance" product_slug="fwd-first" toggle=show-features]FWD travel insurance offers some of the cheapest travel insurance plans in Singapore, so this is a budget-friendly option which still offers you great value for every dollar.
Here’s a quick run-through of the price and benefits offered by FWD travel insurance plan (with Covid-19 rider):
| FWD Travel Insurance | Premium | Business | First |
| Price (ASEAN) | $40.45/week | $49.45/week | $59.45/week |
| Price (Asia) | $45.81/week | $60.81/week | $71.81/week |
| Price (Worldwide) | $70.83/week | $82.93/week | $101.93/week |
| Medical expenses (overseas) | $200,000 | $500,000 | $1,000,000 |
| Emergency medical evacuation | Unlimited | Unlimited | Unlimited |
| Travel delay ($100/6 hours) | $300 | $500 | $1,000 |
| Trip cancellation | $7,500 | $10,000 | $15,000 |
| Covid-19 medical expenses (overseas) | $200,000 | $200,000 | $200,000 |
| Covid-19 overseas hospital cash ($100/day) | $1,400 | $1,400 | $1,400 |
| Covid-19 overseas quarantine allowance ($50/day) | $700 | $700 | $700 |
| Covid-19 trip cancellation | $5,000 | $5,000 | $5,000 |
- 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 by government officials due to Covid-19 or if you or your travel companion has to be self-isolated as per foreign government regulations due to you or your travel companion being in close contact with someone diagnosed with Covid-19.
3. MSIG Travel Insurance
MSIG travel insurance is categorised into 3 plans – standard, elite, and premier. The basic plan which is the cheapest, yet offers pretty adequate coverage in medical emergencies and trip cancellations or delays. Here’s a quick run-down of the plan’s key benefits| MSIG Travel Insurance | Standard | Elite | Premier |
| Price (Area A) | $61/week | $81/week | $114/week |
| Price (Area B) | $74/week | $101/week | $143/week |
| Price (Area C) | $117/week | $146/week | $201/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 ($100/6 hours) | $500 | $1,000 | $1,500 |
| Trip cancellation | $5,000 | $10,000 | $15,000 |
| Covid-19 medical expenses (overseas) | $75,000 | $150,000 | $250,000 |
| Covid-19 overseas hospital cash | – | – | – |
| Covid-19 overseas quarantine allowance | $700 ($50/day) | $1,400 ($100/day) | $1,400 ($100/day) |
| Covid-19 trip cancellation | $3,000 | $4,000 | $5,000 |
- Trip cancellation, postponement, shortening, disruption
- Replacement of traveller
- Overseas medical expenses
- Emergency medical evacuation
- Overseas quarantine daily cash allowance
4. Singlife with Aviva Travel Insurance
Singlife with Aviva travel insurance comes in 3 tiers – Lite, Plus, and Prestige. Price (and the coverage you get) increases with each plan. Here are Singlife with Aviva travel insurance’s key benefits:| Singlife with Aviva Travel Insurance | Lite | Plus | Prestige |
| Price (APAC) | $39.77/week | $56.43/week | $78.68/week |
| Price (Worldwide excluding USA/Canada) | $49.36/week | $71.26/week | $99.32/week |
| Price (Worldwide) | $73.38/week | $106.95/week | $156.51/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 |
| Covid-19 medical expenses (overseas) | $50,000 | $100,000 | $200,000 |
| Covid-19 overseas hospital cash | – | – | – |
| Covid-19 overseas quarantine allowance | – | $1,000 ($50/24 hours) | $2,000 ($100/24 hours) |
| Covid-19 trip cancellation | $500 | $1,500 | $2,000 |
- Overseas medical expenses
- Emergency medical evacuation, repatriation
- Overseas quarantine allowance
- Trip cancellation, postponement, interruption
5. DBS Chubb Travel Insurance
DBS travel insurance is one of the most widely searched travel insurance plans in Singapore. It’s underwritten by Chubb, which has great worldwide reputation and recognition.
Do not mistake this for the free complimentary travel insurance that you get from your DBS Treasures credit cards. (Read here for reviews of DBS credit cards free travel insurance plans.)
Here’s what you get with the three-tiered DBS Chubb Travel Insurance:
| DBS Travel Insurance | Classic | Premier | Platinum |
| Price (Region 1) | $75/week | $89/week | $122/week |
| Price (Region 2) | $100/week | $118/week | $152/week |
| Price (Region 4) | $171/week | $201/week | $280/week |
| Overseas Medical Expenses | $250,000 | $500,000 | $1,000,000 |
| Emergency Medical Evacuation | $1,000,000 | $1,000,000 | $1,000,000 |
| Travel delay | $1,200 ($100/6 hours) | $1,600 ($100/6 hours) | $2,000 ($100/6 hours) |
| Trip cancellation | $5,000 | $10,000 | $15,000 |
| Covid-19 medical expenses (overseas) | $50,000 | $100,000 | $200,000 |
| Covid-19 overseas hospital cash | $700 ($100/day) | $1,400 ($100/day) | $1,400 ($100/day) |
| Covid-19 overseas quarantine allowance | $700 ($100/day) | $1,400 ($100/day) | $1,400 ($100/day) |
| Covid-19 trip cancellation | $2,500 | $5,000 | $7,500 |
- Overseas medical expenses
- Emergency medical evacuation, repatriation
- Trip cancellation, curtailment
- Overseas hospitalisation cash benefit
- Overseas quarantine cash benefit
6. Sompo Travel Insurance
[ms-inline-widget provider_slugs="sompo" insurance_type="travel-insurance" countries="CA" duration="8" category_slug="single-trip" adults="1" children="0" locale="en" country_code="sg" channel="travel-insurance" product_slug="sompo-essential" ]
If you're unacquainted with Sompo travel insurance, you might have once known it for its Japan-focused travel insurance plan, GO! Japan. However, much has changed with Sompo's travel insurance plans. Let's get up to speed.
Sompo's travel insurance plan with Coivd-19 coverage only comes in two tiers: Essential and Superior.
The key benefits are as follows:
| Sompo Travel Insurance | Essential Plan | Superior Plan |
| Price (Area A, Southeast Asia) | $64 /week | $83 /week |
| Price (Area B, Asia) | $90 /week | $114 /week |
| Price (Area C, Worldwide) | $129 /week | $165 /week |
| Overseas medical expenses | $200,000 | $400,000 |
| Emergency medical evacuation | $500,000 | $800,000 |
| Travel delay ($100/6 hours) | $800 | $1,200 |
| Trip cancellation, postponement, curtailment | $5,000 | $10,000 |
| Covid-19 medical expenses (overseas) | $100,000 | $200,000 |
| Covid-19 overseas hospital cash | $700 | $1,400 |
| Covid-19 overseas quarantine allowance | $700 | $1,400 |
| Covid-19 trip cancellation | $2,000 | $4,000 |
- Trip cancellation
- Trip postponement
- Trip curtailment
- Trip disruption
- Medical expenses overseas
- Emergency medical evacuation and repatriation
- Overseas quarantine allowance
- Overseas hospital income
Overall, this plan is generous when it comes to changes to your travel plans, but not so much when it comes to medical treatment. It’s probably best if you are young, have no existing health issues and have already been vaccinated.
7. 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 ! After assessing most of the popular travel insurers in Singapore, the honour of cheapest travel insurance in Singapore goes to… FWD Travel Insurance.| Travel Insurance | Premiums (ASEAN) |
|---|---|
| FWD Travel Insurance | $25 - $44/week |
| Great Eastern Travel Insurance | $26 - $75/week |
| AXA Travel Insurance | $100.17 - $142.57/week |
| AIA Travel Insurance | $37.30 - $76.65/week |
| Singlife with Aviva Travel Insurance | $39.77 - $78.68/week |
| Etiqa Travel Insurance | $39 - $72/week |
| $40 - $63/week | |
| AIG Travel Insurance | $27 - $83/week |
| Citibank Travel Insurance | $50 - $60/week |
| Sompo Travel Insurance | $64 - $83/week |
| Tokio Marine Travel Insurance | $78 - $101/week |
| NTUC Travel Insurance | $61 - $98/week |
| MSIG Travel Insurance | $61 - $114/week |
| DBS Chubb Travel Insurance | $75 - $122/week |
8. Does travel insurance cover Covid-19?
When the Covid-19 pandemic started, most insurers did not extend their coverage to Covid-19-related mishaps. (Read more here.) The pandemic was quickly considered a “known event”, which insurers usually do not offer compensation for. So, if your flight got cancelled because of Covid-19, you’d be out of luck.
Now, as travel restrictions get lifted, insurance companies are rushing for a slice of the pie. Since the virus looks like it’s here to stay, insurers are starting to offer coverage specifically for Covid-19.
9. How do I choose the best travel insurance with Covid-19 coverage?
Covid-19 coverage can vary quite a bit from insurer to insurer. When you're shopping for the best insurance policy, there are three things you want to look out for when it comes to choosing the best travel insurance with COVID-19 coverage:
- Medical expenses coverage
- Overseas hospital cash
- Overseas quarantine allowance
- Trip cancellation
Do note that the plans still exclude travelling against a travel advisory put in place by the Singapore government or by the local authority at your trip destination. So be sure to check announcements on both ends before you depart.
Another common exclusion is failing to take precautions against Covid-19. This is broadly worded in the insurance policy but could include not following any Covid-19 regulations at your destination or on the plane. So make sure you wear your mask whenever it’s required and don’t go and attend any illegal raves.
10. What to do if you get Covid-19 during or after travel?
First of all, when booking your trip, you should retain all receipts, tickets and itineraries in case your trip has to be cancelled or altered. At the first sign of a Covid-19 infection or related travel disruption, you should call your insurer and ask for guidance. Many insurers maintain a 24-hour hotline for travel claims. To make a claim you will usually have to submit your insurer’s form with supporting documents within the deadline mentioned in your contract (usually 30 days). Don’t wait until you’re back in Singapore to check which documents you need. If you catch Covid-19 while you’re in Singapore, you will likely have to submit the results of a PCR Swab Test or Antigen Rapid Test conducted at a clinic or hospital. It gets a bit more complicated if you’re overseas. The insurer will likely require documentation from the hospital as well as a doctor’s letter stating that you are unfit to travel and/or recommending treatment. If you need to be quarantined overseas, you should make sure you have a quarantine order from the government, otherwise you may not be able to claim for quarantine allowance. Remember to ask for this as not all countries automatically issue such documentation. You can also read the full run-down on how to do your Covid-19 claims here. Planning to get travel insurance for your next trip? Learn how to claim for Covid-19 here! [ms_related_articles] The post 5 Best Travel Insurance with Covid-19 Coverage in Singapore (2022) appeared first on the MoneySmart blog.MoneySmart.sg helps you maximize your money. Like us on Facebook to keep up to date with our latest news and articles.
2021-10-20T03:15:13Z dg43tfdfdgfd