Best Annual Travel Insurance 2018

Annual travel insurance plans are a smart and economical option for frequent travellers. Below, you'll be able to compare our top, thoroughly researched annual travel insurance picks based on budget, value and coverage.

Cheapest Annual Travel Insurance for Trips in ASEAN and Asia

{"items":["\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: FWD - Image\" data-eventlabel=\"FWD\" target=\"_blank\" title=\"FWD\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fwww.fwd.com.sg%2Ftravel-insurance%2F%3Futm_source%3DAffiliate%26utm_medium%3DValuepenguin%26utm_campaign%3DNonAPI\"\u003E\u003Cimg alt=\"FWD\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/fwd-2\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/fwd-2 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/fwd-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: FWD - Button\" data-eventlabel=\"FWD\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"FWD\" href=\"\/redirect?link=https%3A%2F%2Fwww.fwd.com.sg%2Ftravel-insurance%2F%3Futm_source%3DAffiliate%26utm_medium%3DValuepenguin%26utm_campaign%3DNonAPI\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E ","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Hong Leong Group - Image\" data-eventlabel=\"Hong Leong Group\" target=\"_blank\" title=\"Hong Leong Group\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fwww.hlas.com.sg%2Fhlasredirect.aspx%3Freferral%3DVPI%26subagentcode%3D%26type%3DTravel\"\u003E\u003Cimg alt=\"Hong Leong Group\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/hlassurance-2\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/hlassurance-2 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/hlassurance-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Hong Leong Group - Button\" data-eventlabel=\"Hong Leong Group\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Hong Leong Group\" href=\"\/redirect?link=https%3A%2F%2Fwww.hlas.com.sg%2Fhlasredirect.aspx%3Freferral%3DVPI%26subagentcode%3D%26type%3DTravel\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E ","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Direct Asia Insurance - Annual - Image\" data-eventlabel=\"Direct Asia Insurance - Annual\" target=\"_blank\" title=\"Direct Asia Insurance - Annual\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fsecure.directasia.com%2Ftravel%2Fquote%2Fstart%3Futm_source%3DValuePenguin%26utm_medium%3Dreferral%26utm_campaign%3DVPTRA\"\u003E\u003Cimg alt=\"Direct Asia Insurance - Annual\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/directasia-3\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/directasia-3 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/directasia-3 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Direct Asia Insurance - Annual - Button\" data-eventlabel=\"Direct Asia Insurance - Annual\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Direct Asia Insurance - Annual\" href=\"\/redirect?link=https%3A%2F%2Fsecure.directasia.com%2Ftravel%2Fquote%2Fstart%3Futm_source%3DValuePenguin%26utm_medium%3Dreferral%26utm_campaign%3DVPTRA\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E ","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Etiqa - Image\" data-eventlabel=\"Etiqa\" target=\"_blank\" title=\"Etiqa\" rel=\"nofollow noopener\" href=\"\/redirect?link=http%3A%2F%2Fwww.etiqa.com.sg%2Fonline%2Faffiliate%2Ftravel%3Freferral%3DValuePenguin%26utm_source%3DValuePenguin%26utm_medium%3Dwebsite%C2%A0%C2%A0%C2%A0\"\u003E\u003Cimg alt=\"Etiqa\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/etiqa-2\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/etiqa-2 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/etiqa-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Etiqa - Button\" data-eventlabel=\"Etiqa\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Etiqa\" href=\"\/redirect?link=http%3A%2F%2Fwww.etiqa.com.sg%2Fonline%2Faffiliate%2Ftravel%3Freferral%3DValuePenguin%26utm_source%3DValuePenguin%26utm_medium%3Dwebsite%C2%A0%C2%A0%C2%A0\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

For consumers looking for the cheapest annual travel policies within ASEAN and more broadly in Asia, Budget Direct, Etiqa, FWD, Direct Asia and HL Assurance can be good options to consider. Their basic-tier annual travel insurance plans within the ASEAN region, which range from S$108.80 to S$192 in price, are up to 45% cheaper than the basic-tier industry average of S$197.

This graph compares the cost of the cheapest annual travel insurance policies for trips within ASEAN in Singapore for 2018

Budget Direct's Basic Plan tends to be the cheapest, though its coverage is fairly baseline and does not include coverage for trip cancellations or trip delays. However, it does cover injuries due to riots, pandemics and passive war. If you want a more comprehensive budget plan, you could be better off with Etiqa, FWD or Direct Asia, as all three insurers offer far more coverage. Additionally, sports and adventure enthusiasts might appreciate Direct Asia's, Etiqa's and FWD's inclusion of coverage for various physical activities.

If you care about travel inconvenience coverage, FWD has generally higher than average coverage compared to other basic annual plans.Direct Asia has above average trip and baggage delay coverage and HL Assurance will give you above average trip cancellation and baggage loss/damage coverage. Etiqa has pretty modest coverage across the board but it has above average personal accident coverage, which can be helpful for those who participate like to do physical activity abroad.

Promotion Codes

  • Allianz: 50% off with "vp50off"
  • FWD: 25% off with " BestTravel" for Annual Plans
  • Etiqa: 60% off single-trip and 40% off annual-trip travel insurance with “TRAVEL60“
  • HLAS: 55% off Single Trip + Free Wi-Fi and Attractions Voucher Up to S$35 (Enhanced/Superior Plans); 35% off Annual Plans + Free Wi-Fi and Attractions Voucher Up to S$75; Overseas Attractions Discount

Cheapest Annual Travel Insurance for Global Trips

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Button\" data-eventlabel=\"Wise Traveller\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Wise Traveller\" href=\"\/redirect?link=http%3A%2F%2Fsecure.thewisetraveller.com%2Fvaluepeng_sg.php\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E ","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Hong Leong Group - Image\" data-eventlabel=\"Hong Leong Group\" target=\"_blank\" title=\"Hong Leong Group\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fwww.hlas.com.sg%2Fhlasredirect.aspx%3Freferral%3DVPI%26subagentcode%3D%26type%3DTravel\"\u003E\u003Cimg alt=\"Hong Leong Group\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/hlassurance-2\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/hlassurance-2 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/hlassurance-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Hong Leong Group - Button\" data-eventlabel=\"Hong Leong Group\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Hong Leong Group\" href=\"\/redirect?link=https%3A%2F%2Fwww.hlas.com.sg%2Fhlasredirect.aspx%3Freferral%3DVPI%26subagentcode%3D%26type%3DTravel\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E ","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Allianz Global Assistance - Annual - Image\" data-eventlabel=\"Allianz Global Assistance - Annual\" target=\"_blank\" title=\"Allianz Global Assistance - Annual\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26%26utm_term%3Dvp-cta-annual%26p%3D824%26pc%3Dvp50off\"\u003E\u003Cimg alt=\"Allianz Global Assistance - Annual\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/allianz-ga-1\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/allianz-ga-1 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/allianz-ga-1 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Allianz Global Assistance - Annual - Button\" data-eventlabel=\"Allianz Global Assistance - Annual\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Allianz Global Assistance - Annual\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26%26utm_term%3Dvp-cta-annual%26p%3D824%26pc%3Dvp50off\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E ","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Direct Asia Insurance - Annual - Image\" data-eventlabel=\"Direct Asia Insurance - Annual\" target=\"_blank\" title=\"Direct Asia Insurance - Annual\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fsecure.directasia.com%2Ftravel%2Fquote%2Fstart%3Futm_source%3DValuePenguin%26utm_medium%3Dreferral%26utm_campaign%3DVPTRA\"\u003E\u003Cimg alt=\"Direct Asia Insurance - Annual\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/directasia-3\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/directasia-3 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/directasia-3 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Direct Asia Insurance - Annual - Button\" data-eventlabel=\"Direct Asia Insurance - Annual\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Direct Asia Insurance - Annual\" href=\"\/redirect?link=https%3A%2F%2Fsecure.directasia.com%2Ftravel%2Fquote%2Fstart%3Futm_source%3DValuePenguin%26utm_medium%3Dreferral%26utm_campaign%3DVPTRA\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

If you travel frequently outside of ASEAN and Asia, we found that Budget Direct, Direct Asia, HL Assurance and Allianz Global Assistance offered the best deals on annual global travel insurance policies, with premiums at least 40% cheaper than the industry average. Budget Direct costs the cheapest at S$137.60 for a global annual plan and Allianz Global Silver is the most expensive of the four at S$216.

Budget Direct's Basic plan is the cheapest deal on the market, but due to its very modest coverage it may only work for consumers whose main priority is cost. The same can be said for Direct Asia's 200 plan, as it costs around 40% less than the average mid-tier plan, yet only offers modest medical and trip coverage. HL Assurance's Enhanced Plan is the next cheapest global annual plan on the market, but unlike Budget and Direct Asia, it offers above average coverage across the board for medical and trip inconvenience, making it a good value buy.

If you're looking for a good balance of affordability and coverage, we recommend Allianz Global's Silver Plan or the Wise Traveller Secure plan. The Wise Traveller plan has a unique pricing plan that makes it a great deal for global trips; an across the board price of S$188 regardless of destination. It also offers a good balance of medical and trip inconvenience coverage. Allianz Global's Silver plan is a good option for budget-conscious consumers who want to maximise both trip inconvenience and medical coverage as it offers S$17,500 of trip inconvenience coverage and S$312,000 of medical coverage—well above the industry average, though it doesn't provide coverage for force de majeure.

Promotion Codes

  • Allianz: 50% off with "vp50off"

Cheapest Annual Travel Insurance Summary

FWD PremiumEtiqaBudget Direct BasicWise Traveller SecureDirect Asia 200Allianz Global SilverHL Assurance Enhanced
Annual ASEANS$143S$142S$109S$188S$149S$161S$144
Annual AsiaS$157S$155S$108.8S$188S$149S$161S$144
Annual GlobalS$227S$220S$137.60S$188S$209S$216S$187
Personal Accident & DeathS$200,000S$200,000S$50,000S$208,000S$300,000S$80,000S$250,000
MedicalS$200,000S$200,000S$100,000S$520,000S$500,000S$1,080,000S$265,000
Annual Global Value Ratio0.670.540.161.270.972.001.10
Trip InconvenienceS$11,000S$7,500S$900S$17,500S$14,000S$29,900S$14,000

Best Value Annual Travel Insurance Plans Trips in ASEAN and Asia

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Annual - Button\" data-eventlabel=\"Allianz Global Assistance - Annual\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Allianz Global Assistance - Annual\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26%26utm_term%3Dvp-cta-annual%26p%3D824%26pc%3Dvp50off\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Direct Asia Insurance - Annual - Image\" data-eventlabel=\"Direct Asia Insurance - Annual\" target=\"_blank\" title=\"Direct Asia Insurance - Annual\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fsecure.directasia.com%2Ftravel%2Fquote%2Fstart%3Futm_source%3DValuePenguin%26utm_medium%3Dreferral%26utm_campaign%3DVPTRA\"\u003E\u003Cimg alt=\"Direct Asia Insurance - Annual\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/directasia-3\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/directasia-3 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/directasia-3 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Direct Asia Insurance - Annual - Button\" data-eventlabel=\"Direct Asia Insurance - Annual\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Direct Asia Insurance - Annual\" href=\"\/redirect?link=https%3A%2F%2Fsecure.directasia.com%2Ftravel%2Fquote%2Fstart%3Futm_source%3DValuePenguin%26utm_medium%3Dreferral%26utm_campaign%3DVPTRA\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: FWD - Image\" data-eventlabel=\"FWD\" target=\"_blank\" title=\"FWD\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fwww.fwd.com.sg%2Ftravel-insurance%2F%3Futm_source%3DAffiliate%26utm_medium%3DValuepenguin%26utm_campaign%3DNonAPI\"\u003E\u003Cimg alt=\"FWD\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/fwd-2\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/fwd-2 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/fwd-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: FWD - Button\" data-eventlabel=\"FWD\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"FWD\" href=\"\/redirect?link=https%3A%2F%2Fwww.fwd.com.sg%2Ftravel-insurance%2F%3Futm_source%3DAffiliate%26utm_medium%3DValuepenguin%26utm_campaign%3DNonAPI\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Aviva - Image\" data-eventlabel=\"Aviva\" target=\"_blank\" title=\"Aviva\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Flogin.aviva.com.sg%2Fgi%2Ftravel%2F%23%2FgetQuote%3FaffCode%3DVP001\"\u003E\u003Cimg alt=\"Aviva\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/aviva-2\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/aviva-2 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/aviva-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Aviva - Button\" data-eventlabel=\"Aviva\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Aviva\" href=\"\/redirect?link=https%3A%2F%2Flogin.aviva.com.sg%2Fgi%2Ftravel%2F%23%2FgetQuote%3FaffCode%3DVP001\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

For frequent travellers within the ASEAN and Asia regions, Allianz, Aviva, Direct Asia and FWD will give you the highest value plans. For cost-efficiency, Direct Asia's 200 and Allianz Global's Silver are great options for Asian or ASEAN-region annual plans, as they cost between S$149 and S$161 compared to the annual ASEAN industry average of S$250. Due to its low price, Direct Asia's 200 plan is a great choice for consumers who want a budget-focused plan. For consumers who want a good balance of both medical and trip inconvenience coverage, Allianz Global Silver could be a good fit as it offers above average medical, travel delay/cancellation and baggage loss coverage. However, Allianz is quite strict in its exclusions and doesn't cover certain events due to force majeure or adventurous activities (i.e. extreme sports), whereas Direct Asia is more lenient in what it will pay out for.

FWD offers sports equipment coverage as an add-on with higher than average personal accident coverage, making it a good option for frequent sports enthusiast travellers. Aviva's Travel Plus plan is one of the highest value plans as it offers competitive pricing along with above average medical and trip inconvenience coverage. However, it has below average baggage coverage compared to Allianz.

Promotion Codes

  • Allianz: 50% off with "vp50off"
  • FWD: 25% off with " BestTravel" for Annual Plans

Best Value Annual Travel Insurance Plans for Global Trips

{"items":["\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Allianz Global Assistance - Annual - Image\" data-eventlabel=\"Allianz Global Assistance - Annual\" target=\"_blank\" title=\"Allianz Global Assistance - Annual\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26%26utm_term%3Dvp-cta-annual%26p%3D824%26pc%3Dvp50off\"\u003E\u003Cimg alt=\"Allianz Global Assistance - Annual\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/allianz-ga-1\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/allianz-ga-1 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/allianz-ga-1 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Allianz Global Assistance - Annual - Button\" data-eventlabel=\"Allianz Global Assistance - Annual\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Allianz Global Assistance - Annual\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26%26utm_term%3Dvp-cta-annual%26p%3D824%26pc%3Dvp50off\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Wise Traveller - Image\" data-eventlabel=\"Wise Traveller\" target=\"_blank\" title=\"Wise Traveller\" rel=\"nofollow noopener\" href=\"\/redirect?link=http%3A%2F%2Fsecure.thewisetraveller.com%2Fvaluepeng_sg.php\"\u003E\u003Cimg alt=\"Wise Traveller\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/wisetraveller-1\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/wisetraveller-1 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/wisetraveller-1 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Wise Traveller - Button\" data-eventlabel=\"Wise Traveller\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Wise Traveller\" href=\"\/redirect?link=http%3A%2F%2Fsecure.thewisetraveller.com%2Fvaluepeng_sg.php\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Hong Leong Group - Image\" data-eventlabel=\"Hong Leong Group\" target=\"_blank\" title=\"Hong Leong Group\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fwww.hlas.com.sg%2Fhlasredirect.aspx%3Freferral%3DVPI%26subagentcode%3D%26type%3DTravel\"\u003E\u003Cimg alt=\"Hong Leong Group\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/hlassurance-2\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/hlassurance-2 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/hlassurance-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Hong Leong Group - Button\" data-eventlabel=\"Hong Leong Group\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Hong Leong Group\" href=\"\/redirect?link=https%3A%2F%2Fwww.hlas.com.sg%2Fhlasredirect.aspx%3Freferral%3DVPI%26subagentcode%3D%26type%3DTravel\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Aviva - Image\" data-eventlabel=\"Aviva\" target=\"_blank\" title=\"Aviva\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Flogin.aviva.com.sg%2Fgi%2Ftravel%2F%23%2FgetQuote%3FaffCode%3DVP001\"\u003E\u003Cimg alt=\"Aviva\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/aviva-2\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/aviva-2 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/aviva-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Aviva - Button\" data-eventlabel=\"Aviva\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Aviva\" href=\"\/redirect?link=https%3A%2F%2Flogin.aviva.com.sg%2Fgi%2Ftravel%2F%23%2FgetQuote%3FaffCode%3DVP001\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

For frequent global travellers who want to get the most coverage for their dollar, we found that Allianz Global Assistance, Aviva, HL Assurance and Wise Traveller have the highest value global annual plans on the market. The plans cost S$188 to S$350, with Wise Traveller Secure being the cheapest and Aviva Travel Plus being the priciest. All of these plans have above average trip inconvenience, medical and personal accident delays.

If you are worried about trip inconvenience such as trip cancellations and baggage delays, Allianz Global Assistance Silver and HL Assurance Superior offer 20-30% more than the industry average. If you want to maximise medical protection, Aviva's Travel Plus offers great above average medical coverage of S$2,000,000 with a comprehensive list of inclusions like burns, war, emergency pregnancy, motorcycle accidents and injury due to smoke, fumes or gas. Wise Traveller is best for a high value budget plan as it only costs S$188, almost 50% cheaper than the industry average for global annual plans.

Promotion Codes

  • Allianz: 50% off with "vp50off"
  • FWD: 25% off with " BestTravel" for Annual Plans
  • HLAS: 55% off Single Trip + Free Wi-Fi and Attractions Voucher Up to S$35 (Enhanced/Superior Plans); 35% off Annual Plans + Free Wi-Fi and Attractions Voucher Up to S$75; Overseas Attractions Discount

Best Value Annual Travel Insurance Summary

Allianz Global SilverWise SecureAviva PlusDirectAsia 200FWD BusinessHLAS Superior
Annual ASEANS$161S$188S$255S$149S$204S$172
Annual AsiaS$161S$188S$281S$149S$211.20S$172
Annual GlobalS$216S$188S$346S$209S$304S$224
Annual ASEAN Value1.910.901.340.960.911.29
Annual Global Value21.271.400.970.861.40
MedicalS$1,000,000S$312,000S$2,000,000S$200,000S$500,000S$520,000
Personal Accident & DeathS$80,000S$208,000S$100,000S$300,000S$300,000S$300,0000
Trip CancellationS$15,000S$10,500S$15,000S$10,000S$10,000S12,000
Trip DelaysS$1,500S$1,000S$1,000S$1,000S$500S$1,000
Baggage Loss DamageS$12,000S$5,000S$5,000S$2,000S$5,000S$7,000
Baggage DelayS$1,400S$1,000S$1,000S$1,000S$600S$1,000

Annual Travel Insurance with the Best Coverage

{"items":["\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Allianz Global Assistance - Annual - Image\" data-eventlabel=\"Allianz Global Assistance - Annual\" target=\"_blank\" title=\"Allianz Global Assistance - Annual\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26%26utm_term%3Dvp-cta-annual%26p%3D824%26pc%3Dvp50off\"\u003E\u003Cimg alt=\"Allianz Global Assistance - Annual\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/allianz-ga-1\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/allianz-ga-1 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/allianz-ga-1 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Allianz Global Assistance - Annual - Button\" data-eventlabel=\"Allianz Global Assistance - Annual\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Allianz Global Assistance - Annual\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26%26utm_term%3Dvp-cta-annual%26p%3D824%26pc%3Dvp50off\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate travel_insurance_companies: Aviva - Image\" data-eventlabel=\"Aviva\" target=\"_blank\" title=\"Aviva\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Flogin.aviva.com.sg%2Fgi%2Ftravel%2F%23%2FgetQuote%3FaffCode%3DVP001\"\u003E\u003Cimg alt=\"Aviva\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/aviva-2\" srcset=\"https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/aviva-2 1x, https:\/\/res.cloudinary.com\/value-penguin\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/insurance\/aviva-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: Aviva - Button\" data-eventlabel=\"Aviva\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Aviva\" href=\"\/redirect?link=https%3A%2F%2Flogin.aviva.com.sg%2Fgi%2Ftravel%2F%23%2FgetQuote%3FaffCode%3DVP001\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E",""],"offsetPercentage":20}

If you are not restricted by price and want the highest possible coverage, then Allianz, Aviva and DBS will give you the greatest protection whether you want maximum medical, travel inconvenience or personal accident coverage. Allianz Global Gold is best for those who want medical protection, as it has unlimited medical, hospital and dental coverage for sickness and accidents, S$50,000 for outpatient expenses and S$100,000 in personal accident coverage. However, Allianz has strict exclusions in what they'll pay out for, such as force majeure, trekking, racing and epidemics.

DBS Platinum provides the best all-around coverage with S$27,000 of total trip inconvenience coverage (including S$15,000 of trip cancellation coverage), S$1,000,000 of medical coverage and includes adventurous activity, golfing, home content loss and rental car excess as part of your coverage. If you travel with expensive belongings and want to make sure they are well protected, Aviva's Prestige plan offers respectively 50% and 80% more baggage-related coverage than the industry average. Another notable perk for Aviva is that you can change or cancel your trip for any reason, although you'll be only be able to claim between S$3,000-S$5,000.

Promotion Codes

  • Allianz: 50% off with "vp50off"

Best Coverage Annual Travel Insurance Summary

Allianz GoldAviva PrestigeDBS PlatinumIndustry Avg.
Annual ASEAN PremiumS$239S$339S$344S$250
Annual Global PremiumS$333S$460S$520S$351.84
Annual Asean Value Ratio2.421.590.94.82
Annual Global Value Ratio2.451.650.88.82
Total Medical CoverageUnlimitedUnlimitedS$1,000,000S$813,036
Total Personal Accident CoverageS$100,000S$500,000S$500,000S$312,325
Total Trip Inconvenience CoverageS$42,900S$32,000S$27,000S$S$20,784

Best Annual Travel Insurance for Pre-Existing Medical Conditions

If you have pre-existing medical conditions, NTUC Income's offers a line of travel insurance plans specifically for people with pre-existing conditions. The only caveat is that if you want to purchase the annual plan, you can only do so if you call them directly and you have to be ready to pay a 50% deductible if you file a claim for a reason arising out of a pre-existing condition. However, for travellers with chronic illnesses or other medical conditions that could complicate their trips, NTUC Income's annual travel insurance policies are a must-have.

Promotion

  • NTUC: 40% off Single Trip plans and receive anti-theft bag with min. spend of S$130 with promo code BAG130; 10% off Annual Plans
NTUC Enhanced BasicNTUC Enhanced SuperiorNTUC Enhanced PrestigeIndustry Avg.
Medical CoverageS$525,000S$525,000S$1,050,000S$832,556
Trip Inconvenience CoverageS$17,700S$17,700S$27,000S$21,181
Personal Accident CoverageS$200,000S$200,000S$200,000S$318,802
Medical EvacuationUnlimitedUnlimitedUnlimitedS$767,647

Annual Travel Insurance with the Best Cover for Sports

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If you're planning to pursue high-octane activities like sky-diving or snowboarding while abroad, there are several annual insurance plans that will keep you and your sports equipment covered. Our picks for insurers with the best sports coverage are FWD, Etiqa, DBS, Direct Asia and MSIG as they extend their coverage to any adrenaline-pumping activity, from water sports, winter sports, hiking, bungee jumping, skydiving to riding a hot air balloon. Additionally, Aviva is great choice for sports equipment coverage as you can cover your own or rented winter or water sports equipment for an additional S$5-7.

If you are travelling as a couple, AXA's Comprehensive plan offers competitive ASEAN and Asia rates discounts for two people, while providing full coverage for adventurous activity, including up to hiking up to 3,500 metres. If you would like to read a more in-depth review on travel insurance policies that have generous extreme sports activity coverage, we've written a guide to some of the best policies in the market for this criteria.

FWD BusinessEtiqa EconomyDBS PremierDirect Asia 200AXA ComprehensiveAviva Plus
Annual ASEAN PremiumS$204S$202S$232S$149S$301.95S$255
Annual Asia PremiumS$211$247.39S$272S$149S$301.95S$281
Annual Global PremiumS$304S$341.11S$360S$209S$400.95S$346
Medical CoverageS$300,000S$300,000S$500,000S$200,000S$660,000S$2,000,000
Personal Accident CoverageS$300,000S$300,000S$200,000S$300,000S$1,050,000S$100,000
Trip InconvenienceS$16,100S$13,700S$18,200S$14,000S$26,000S$22,000
Additional Cost for Sports Coverage(equipment or medical)S$8.17N/AN/AS$65.56S$10S$8.37-S$10.56
Sports EquipmentS$2,000N/AN/AN/AS$3,000S$6,000 (max)
Winter Sports Cover (skiing, snowboarding)YesYesYesYesYesYes
Water Sports Cover (scuba diving, fishing, rafting)YesYesYesYesYesYes
Misc. Sports (hiking, sky-diving, fishing)YesYesYesYesYesYes

Promotion Codes

  • FWD: 25% off with " BestTravel" for Annual Plans
  • Etiqa: 60% off single-trip and 40% off annual-trip travel insurance with “TRAVEL60“

Annual Travel Insurance for Golf

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If you frequently travel on golfing trips, you can consider annual plans that are generous in golf coverage. If you're planning to golf, want to make sure that your golf equipment is covered by your travel insurance plan, and wouldn't mind a few perks thrown in such as a credit for an unused green fee or rewards for getting a hole in one, FWD, Aviva, American Express, MSIG and AIG are all examples of insurers that have designed their travel insurance plans with golfers in mind. If you want basic coverage for just your golfing equipment, FWD offers up to S$2,000 of sports equipment coverage. If you want a plan that has complete golfing coverage which includes equipment, unused green fees and hole in one coverage, plans like Aviva, MSIG and American Express have very comprehensive coverage. For instance, Aviva will even cover hired golf equipment.

Aviva PlusAmerican Express StandardFWD BusinessMSIG EliteAIG Enhanced
Annual Asean PremiumS$255S$255S$204S$242.25S$283
Annual Global PremiumS$346S$385S$304S$382.50S$404
Medical CoverageS$2,000,000S$1,000,000S$500,000S$500,000S$1,500,000
Trip Inconvenience CoverageS$22,000S$17,400S$16,100S$17,000S$18,200
Golf Coverage Additional CostS$6.64S$6S$8N/AN/A
Golf Equipment CoverageS$2,000S$3,000S$2,000S$1,000S$1,500
Hired Golf Equipment CoverageS$500N/AN/AN/AN/A
Unused Green Fee CoverageS$500S$750N/AS$500S$250
Hole-in-OneS$1,000S$300N/AS$500S$250

Best Annual Travel Insurance Promotions

Some insurers offer great deals on their travel insurance plans, with some helping you save almost half on your premiums. Below, you'll find the top current travel promotions offered by insurers, as well as the code you need to enter (if any).

  • Allianz: 50% off with "vp50off"
  • FWD: 25% off with " BestTravel" for Annual Plans
  • Etiqa: 60% off single-trip and 40% off annual-trip travel insurance with “TRAVEL60“
  • HLAS: 55% off Single Trip + Free Wi-Fi and Attractions Voucher Up to S$35 (Enhanced/Superior Plans); 35% off Annual Plans + Free Wi-Fi and Attractions Voucher Up to S$75; Overseas Attractions Discount
  • NTUC: 40% off Single Trip plans and receive anti-theft bag with min. spend of S$130 with promo code BAG130; 10% off Annual Plans

Methodology

To arrive at a list of best annual travel insurance products in Singapore, we collected data on hundreds of insurance product offerings by more than 20 insurers in the country. The data we collected regarding benefits and coverage range from personal accident/death, medical, emergency repatriation, trip cancellation, lost or damaged baggage, trip/baggage delays to sports coverage. We also collected pricing information for each product by destination country and compared each plan to its competitors to arrive at our judgments of the plans that offer the best deal for Singapore consumers. For the full list of insurers we used, please see the table below.

In order to arrive at our picks for the top travel insurance plans in Singapore, we examined multiple factors. First, we considered the amount of money one is entitled to receive from the insurer when certain events or accidents occur (i.e. medical and inconvenience). Then, we create a ratio of benefits to cost of insurance to measure how good of a value each product offers. This measure is a proxy for how much an insured person can get for what he pays. We weighed each benefit area in terms of frequency of claims: travel inconvenience is given a weighting of 60% while personal accident and medical benefit is given a weighting of 40%. According to some studies, about 20% of all flights globally are either canceled or delayed, and this statistic could be significantly higher for tropical regions. As a result, we felt the plans that had high coverage amounts for common occurrences like flight delays were of greater value compared to plans with high coverage for less likely occurrences like repatriation or death. Thus, our value ratio helped to figure out which plans offer the best value to customers based not only on coverage and cost, but also on the likelihood of use.

Mary Leah Milnes

Junior Research Analyst

Comments and Questions

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