Best Travel Insurance 2018

Use our guide below to find and buy the best and cheapest travel insurance policies that are currently available in Singapore. Compare policies by destinations and different types of benefits like travel inconvenience, medical and sports coverage.

Travel Insurance
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Table of Contents

Cheapest Travel Insurance for ASEAN Destinations

{"items":["\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","\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 - Single - Image\" data-eventlabel=\"Allianz Global Assistance - Single\" target=\"_blank\" title=\"Allianz Global Assistance - Single\" 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%26utm_term%3Dvp-cta-single%26p%3D818%26pc%3Dvp50off\"\u003E\u003Cimg alt=\"Allianz Global Assistance - Single\" 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 - Single - Button\" data-eventlabel=\"Allianz Global Assistance - Single\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Allianz Global Assistance - Single\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26utm_term%3Dvp-cta-single%26p%3D818%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: 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: BudgetDirect - Image\" data-eventlabel=\"BudgetDirect\" target=\"_blank\" title=\"BudgetDirect\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fad.doubleclick.net%2Fddm%2Ftrackclk%2FN439810.2754007VALUEPENGUINSG%2FB20138758.202207476%3Bdc_trk_aid%3D402016988%3Bdc_trk_cid%3D91319554%3Bdc_lat%3D%3Bdc_rdid%3D%3Btag_for_child_directed_treatment%3D\"\u003E\u003Cimg alt=\"BudgetDirect\" 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\/budgetdirect-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\/budgetdirect-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\/budgetdirect-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: BudgetDirect - Button\" data-eventlabel=\"BudgetDirect\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"BudgetDirect\" href=\"\/redirect?link=https%3A%2F%2Fad.doubleclick.net%2Fddm%2Ftrackclk%2FN439810.2754007VALUEPENGUINSG%2FB20138758.202207476%3Bdc_trk_aid%3D402016988%3Bdc_trk_cid%3D91319554%3Bdc_lat%3D%3Bdc_rdid%3D%3Btag_for_child_directed_treatment%3D\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

For regional trips in ASEAN, basic travel insurance plans from Budget Direct, FWD, Etiqa and Allianz Global Assistance tend to be the cheapest. For example, their policies cost only about S$17 to S$21 for a 1 week coverage in ASEAN, 30-40% lower than the industry's basic plan average of S$29. SOMPO's Vital plan is also a great budget option to consider and it offers emergency repatriation for events related to pre-existing medical conditions.

This graph compares the price of major travel insurance policies in Singapore for a 1-week trip in the ASEAN region in order to help consumers compare and find the cheapest travel insurance for their trip

Budget Direct's Basic Plan tends to be the cheapest, though its benefits are also the lowest. FWD & Etiqa both offer comprehensive coverage of extreme activities like sports, while the other two companies don't. On the other hand, Allianz's Bronze plan provides much more in travel inconvenience and personal accident & medical benefits. For details on how their benefits and prices differ, please see the tables below for our summary of the cheapest travel insurance policies in Singapore.

Promotion Codes

  • Allianz: 50% off with "vp50off"
  • FWD: 20% off with "BESTTRAVEL20" +S$50 CapitaVoucher for Annual Plans
  • Etiqa: 60% off single-trip and 40% off annual-trip travel insurance with “TRAVEL60“

Cheapest Travel Insurance for Asia Destinations

{"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 - Single - Image\" data-eventlabel=\"Allianz Global Assistance - Single\" target=\"_blank\" title=\"Allianz Global Assistance - Single\" 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%26utm_term%3Dvp-cta-single%26p%3D818%26pc%3Dvp50off\"\u003E\u003Cimg alt=\"Allianz Global Assistance - Single\" 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 - Single - Button\" data-eventlabel=\"Allianz Global Assistance - Single\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Allianz Global Assistance - Single\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26utm_term%3Dvp-cta-single%26p%3D818%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: 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","\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: BudgetDirect - Image\" data-eventlabel=\"BudgetDirect\" target=\"_blank\" title=\"BudgetDirect\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fad.doubleclick.net%2Fddm%2Ftrackclk%2FN439810.2754007VALUEPENGUINSG%2FB20138758.202207476%3Bdc_trk_aid%3D402016988%3Bdc_trk_cid%3D91319554%3Bdc_lat%3D%3Bdc_rdid%3D%3Btag_for_child_directed_treatment%3D\"\u003E\u003Cimg alt=\"BudgetDirect\" 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\/budgetdirect-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\/budgetdirect-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\/budgetdirect-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: BudgetDirect - Button\" data-eventlabel=\"BudgetDirect\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"BudgetDirect\" href=\"\/redirect?link=https%3A%2F%2Fad.doubleclick.net%2Fddm%2Ftrackclk%2FN439810.2754007VALUEPENGUINSG%2FB20138758.202207476%3Bdc_trk_aid%3D402016988%3Bdc_trk_cid%3D91319554%3Bdc_lat%3D%3Bdc_rdid%3D%3Btag_for_child_directed_treatment%3D\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

For trips in Asia (outside of ASEAN) to locations like Taiwan, Korea or Japan, we found that Allianz Global Assistance, Budget Direct, Etiqa and FWD generally offered the most competitive prices. For example, their policies cost only about S$22.50 to S$23.50 for a 1-week trip to Asia,compared to the S$34 average price for all of the basic plans in our sample.

Similar to our discussion for policies in ASEAN, Budget Direct's Basic Plan tends to be the cheapest while also having the least amount of benefits and having slightly more exclusions than other plans. FWD & Etiqa both offer comprehensive coverage of extreme activities like sports and have few exclusions. Allianz Global's Bronze Plan stands out with its high benefits per dollar of premium ratio and above average trip inconvenience coverage for things like trip cancellations and delays; however it does not cover force majeure events. FWD and Allianz are also good options to consider if you are planning on going on a cruise around the Asia Pacific and want cheap but quality coverage.

Cheapest Travel Insurance for Global Destinations

{"items":["\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: 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: Allianz Global Assistance - Single - Image\" data-eventlabel=\"Allianz Global Assistance - Single\" target=\"_blank\" title=\"Allianz Global Assistance - Single\" 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%26utm_term%3Dvp-cta-single%26p%3D818%26pc%3Dvp50off\"\u003E\u003Cimg alt=\"Allianz Global Assistance - Single\" 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 - Single - Button\" data-eventlabel=\"Allianz Global Assistance - Single\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Allianz Global Assistance - Single\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26utm_term%3Dvp-cta-single%26p%3D818%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: BudgetDirect - Image\" data-eventlabel=\"BudgetDirect\" target=\"_blank\" title=\"BudgetDirect\" rel=\"nofollow noopener\" href=\"\/redirect?link=https%3A%2F%2Fad.doubleclick.net%2Fddm%2Ftrackclk%2FN439810.2754007VALUEPENGUINSG%2FB20138758.202207476%3Bdc_trk_aid%3D402016988%3Bdc_trk_cid%3D91319554%3Bdc_lat%3D%3Bdc_rdid%3D%3Btag_for_child_directed_treatment%3D\"\u003E\u003Cimg alt=\"BudgetDirect\" 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\/budgetdirect-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\/budgetdirect-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\/budgetdirect-2 2x\"\u003E\u003C\/a\u003E\n \u003C\/div\u003E\n \u003Ca data-eventcategory=\"Affiliate travel_insurance_companies: BudgetDirect - Button\" data-eventlabel=\"BudgetDirect\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"BudgetDirect\" href=\"\/redirect?link=https%3A%2F%2Fad.doubleclick.net%2Fddm%2Ftrackclk%2FN439810.2754007VALUEPENGUINSG%2FB20138758.202207476%3Bdc_trk_aid%3D402016988%3Bdc_trk_cid%3D91319554%3Bdc_lat%3D%3Bdc_rdid%3D%3Btag_for_child_directed_treatment%3D\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

If you are looking for travel insurance to cover your trips outside of Asia (i.e. Europe, America, Africa, etc.), you may want to check out either FWD's Premium plan, Hyfe Assure's Basic plan, HL Assurance's Basic plan or Allianz Global's Bronze plan. FWD and Allianz Global are great options because of their combination of affordability and generous benefits. For instance, FWD and Allianz Global's global travel insurance plans cost about S$33-$S35.50 for a week's coverage, compared to the industry average of S$53.84. While FWD is cheaper than Allianz Global and covers force majeure events, Allianz offers more benefits per dollar of premium, making it a great value option, especially for those looking for travel inconvenience coverage. Budget Direct is another budget friendly option for those care more about simple protection and price over benefits as it costs around 60% below average and offers only S$900 of trip inconvenience and S$50,000 of medical coverage.

HL Assurance offers all-encompassing coverage for below average prices and also includes some useful benefits like home contents, rental car excess and travel agency insolvency coverage. Its trip inconvenience coverage is also one of the highest for the price point, making it a competitive option for travellers looking to protect their belongings. Hyfe Assure is the most budget-friendly option that also fulfills claims quicker than most other insurance policies. At S$3.50 per day and a 1-week global trip premium totalling S$28, it is the cheapest global plan available for short-term trips (i.e. 1 week or less). While its coverage is modest, Hyfe Assure's most notable perk is that it offers instant claims of up to S$200 when you bring your supporting documentation to Changi airport's Changi Recommends booths. However, it is also quite strict in its exclusions and doesn't offer coverage for terrorism or sports. For more information, please see the tables below for our summary of their benefits and prices.

Promotion Codes

  • HLAS: 55% off Single Trip + Free Wi-Fi and Attractions Voucher Up to S$30 (Enhanced/Superior Plans); 40% off Annual Plans + Free Wi-Fi and Attractions Voucher Up to S$30
  • Allianz: 50% off with "vp50off"
  • FWD: 20% off with "BESTTRAVEL20" +S$50 CapitaVoucher for Annual Plans

Cheapest Travel Insurance Summary

Budget Direct BasicEtiqa BasicFWD PremiumAllianz BronzeHL Assurance BasicHyfe Assure BasicIndustry Basic Avg
1-week ASEAN costS$18S$20.58S$21.60S$17.00S$22.50S$28S$32.34
1-week Asia costS$22.50S$22.64S$23.20S$23.50S$24.75S$28S$36.28
1-week Global costS$31.28$37.40S$33.60S$35.50S$32.40S$28S$53.84
1-week ASEAN value ratio0.140.700.851.700.760.400.79
Personal Accident & DeathS$50,000S$200,000S$200,000S$35,000S$200,000S$100,000S$166,720
MedicalS$50,000S$200,000S$200,000S$400,000S$150,000S$80,000S$405,714
Trip InconvenienceS$900S$7,500S$11,000S$19,900S$10,000S$7,500S$10,870

Best Value Travel Insurance in Singapore

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For those people looking for the best combination of price and benefit in travel insurance, we recommend Allianz Global Assistance Silver plan, AXA's Comprehensive Plan, or Aviva's Travel Plus plan. Due to their at or below average prices coupled with above average benefits, these plans provide more value than most other travel insurance policies on the market. For example, a week long ASEAN coverage costs S$39 on average, whereas these three plans cost between S$26-S$40 while also having above average trip inconvenience and medical coverage.

Allianz's Silver plan tends work best for people who care most about travel inconvenience coverage, Aviva's Travel Plus plan for those who care most about medical coverage and AXA's Comprehensive plan for those who care most about sports coverage and/or personal accident benefits. In terms of price, AXA is the most expensive one at S$40.50 and Allianz's plan tends to be cheaper than Aviva's Travel Plus plan by about 10-20%. Out of the three, Aviva is the most flexible in its coverage, and will allow you to get reimbursed for loss of frequent flyer points, motorcycling accidents, and extreme winter/water sports. We also found that these insurers offer even higher value plans, although they cost a lot more and might not be ideal for the cost-conscious consumer.

Promotion Codes

  • Allianz: 50% off with "vp50off"

Best Value Travel Insurance Summary

Allianz Global SilverAviva Travel PlusAXA ComprehensiveIndustry Average
1-week ASEAN PremiumS$25S$35.67S$40.50S$56
1-week Asia PremiumS$33.50S$44.98S$40.50S$46
1-week Global PremiumS$41.50S$67.60S$57.37S$65
1-week ASEAN Value Ratio1.981.561.340.79
Personal Accident & DeathS$80,000S$100,000S$500,000S$297,052
Medical CoverageS$1,000,000S$2,000,000S$600,000S$798,827
Trip Inconvenience (i.e cancellation, delays, baggage loss)S$29,900S$22,000S$21,000S$20,317

Travel Insurance with the Best Coverage & Benefits

{"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 - Single - Image\" data-eventlabel=\"Allianz Global Assistance - Single\" target=\"_blank\" title=\"Allianz Global Assistance - Single\" 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%26utm_term%3Dvp-cta-single%26p%3D818%26pc%3Dvp50off\"\u003E\u003Cimg alt=\"Allianz Global Assistance - Single\" 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 - Single - Button\" data-eventlabel=\"Allianz Global Assistance - Single\" class=\"AffiliateBanner--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Allianz Global Assistance - Single\" href=\"\/redirect?link=https%3A%2F%2Fwww.allianz-assistance.com.sg%2Fget-a-quote%2F%3Futm_source%3Dvp%26utm_medium%3Dcpa%26utm_campaign%3Dvp%26utm_term%3Dvp-cta-single%26p%3D818%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","\n\u003Cdiv class=\"AffiliateBanner--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cimg alt=\"AXA Insurance\" 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\/axa-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\/axa-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\/axa-2 2x\"\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

If you are relatively insensitive to price and are looking for maximum coverage, we think Allianz Global Assistance’s Gold Travel Plan, Aviva's Travel Prestige Plan and AXA's Comprehensive Plan could be great options. Though they can be pricey, they are still priced competitively to other premium plans in the market while providing leading benefits for travel inconvenience, medical or personal accident claims, respectively. Allianz and Aviva are also good options to consider if you will be going on a cruise, provided your departure port is from Singapore.

To compare the three plans, we recommend Allianz for those who care most about travel inconvenience benefits, Aviva for those who care most about medical benefits or like to personalize their coverage and AXA for those who care most about sports or personal accident benefits. Aviva also has a lot less exclusions than the average plan, as it lets you purchase optional coverage for a variety of things from extreme sports to weddings. As a point of reference, about 40% of travel insurance claims are related to personal accident & medical reasons, while the other 60% is related to travel inconvenience.

Best Coverage Travel Insurance Summary

Allianz Global GoldAviva Travel PrestigeAXA ComprehensiveIndustry Avg.
1-week ASEAN premiumS$36.50S$47.37S$40.50S$56
1-week Asia PremiumS$49S$59.75S$40.50S$46
1-week Global PremiumS$59.50S$89.80S$57.37S$65
1-week ASEAN Value Ratio2.571.841.341
Medical CoverageUnlimitedUnlimitedS$660,000S$590,185
Personal Accident CoverageS$100,000S$500,000S$1,050,000S$260,197
Trip Inconvenience CoverageS$42,900S$32,000S$26,000S$17,581

Best Travel Insurance for Pre-Existing Medical Conditions

If you have pre-existing medical conditions and cost is not an issue, NTUC Income's Enhanced PreX travel insurance plans may be a good fit for you if you absolutely need coverage for your condition. It is currently the only plan on the market offering coverage for pre-existing conditions for you and your family members, although there is a 50% deductible if you claim for travel inconvenience (and even that is only available for the Prestige and Superior plans). Unfortunately, the Enhanced PreX plans can be quite pricey, with premiums for a 1-week ASEAN trip costing S$86—almost 3x as much as the basic plan average.

Promotion Codes

  • 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
PreX BasicBasic Plan Industry AveragePreX SuperiorMid-Tier Plan Industry AveragePreX PrestigePremium Plan Industry Average
1-week ASEAN PremiumS$86S$27.91S$116S$37.83S$139S$48.70
1-week Asia PremiumS$30.55S$33.91S$42.25S$45.25S$63.70S$58.49
1-week Global PremiumS$48.10S$49.24S$57.85S$61.12S$81.25S$77.48
1-week ASEAN Value Ratio0.380.790.281.110.411.29
Personal Accident & Death CoverageS$200,000S$297,163S$200,000S$248,150S$500,000S$465,517.24
Medical CoverageS$525,000S$405,714S$525,000S$807,600S$1,050,000S$1,162,037
Trip Inconvenience (i.e. cancellation, delay, baggage) CoverageS$17,700S$12,605S$17,700S$20,040S$27,000S$29,740

Best Annual Travel Insurance Plans

If you are a frequent traveler, you may want to consider getting an annual travel insurance. This particular type can insure your trips all year around, as long as your destination is within your insurance coverage. On average, insuring trips in Asia costs S$262 per year and insuring trips outside of Asia (i.e. Global) cost about S$352 per year. Given that 1-week coverage usually costs about S$40 to $70 depending on the region, we recommend getting an annual insurance for people who travel more than 5-6 times per year.

This graph shows the cheapest annual travel insurance plans in Singapore

Cheapest Annual Travel Insurance Plan

If you are looking for an annual travel insurance plan at the lowest price possible, then we highly recommend Budget Direct's Basic plan. Though its benefits are very minimal, their prices are essentially unbeatable: for an annual plan for trips in ASEAN & Asia, its annual plan only costs about S$110, while its annual plan for global trips costs about S$140. This reflects a 60% discount compared to the industry average.

Best Value Annual Travel Insurance Plans

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We think Allianz Global Assistance Silver, HL Assurance, Wise Traveller Secure and Direct Asia Travel 500 are some of the best annual plans you can get if you travel frequently. For annual coverage to ASEAN countries, Allianz's Silver plan only costs about S$144 compared to the industry average of S$248. Asian and global coverage are also competitive at S$144 and S$194.50, compared to the industry averages of S$262 and S$352, respectively. Where Allianz Global Assistance's Silver plan really outshines its competitors is its travel inconvenience coverage. Travel inconvenience accounts for roughly 60% of travel insurance claims, and Allianz's Silver plan provides about S$30,000 of coverage benefit in this area, significantly greater than the industry average of S$18,000. Its personal accident and medical benefits are also competitive at S$1.08 million.

HL Assurance provides the cheapest yet best value annual global plan. For each of HL Assurance's three plans (Enhanced, Superior and Premier), you will receive comprehensive trip inconvenience and medical coverage but your premiums will be around 30% below average. In fact, HL Assurance's Enhanced plan is not only the cheapest for annual global plans, but it has above the industry average coverage for every benefit we've measured besides trip postponement, which makes it one of the top value annual plans on the market.

This graph shows the cheapest annual travel insurance plans for travel throughout the ASEAN region

Another great choice for high-value, affordable annual travel insurance plans is the Wise Traveller Secure Plan, with a constant cost of S$188 regardless of whether you're traveling within ASEAN, Asia or globally. The Wise Traveller Secure Plan is a particularly good choice for global travellers, as most global annual policies tend to be significantly more expensive than their ASEAN or Asia-regional counterparts. At the price point of S$188 for global annual policies, this plan is more than 30% cheaper than the industry average even among budget travel insurance plans. So if you like the coverage provided by the Allianz Silver plan but would prefer not to pay more just for farther-flung destinations, you can find great prices and solid coverage with Wise Traveller. However, you should bear in mind that Wise is quite strict in its exclusions and will only cover force majeure events if you're claiming for a trip cut short.

Direct Asia's Travel 500 plan offers great value for annual plans and can be a good choice for people who travel frequently to participate in extreme sports. Direct Asia's premiums not including extreme sports coverage is S$185, 25% cheaper than the industry average. With the with extreme sports cover, the premium is around the industry average at S$266.40. While most sports like off-piste skiing, hot air ballooning and rafting are covered if you do them with a professional guide, you should still read the policy wording to make sure your activities are covered.

Promotion Codes

  • Allianz: 50% off with "vp50off"
  • HLAS: 55% off Single Trip + Free Wi-Fi and Attractions Voucher Up to S$30 (Enhanced/Superior Plans); 40% off Annual Plans + Free Wi-Fi and Attractions Voucher Up to S$30

Best Annual Travel Insurance Summary

Budget Direct BasicAllianz Global Assistance SilverWise Traveller SecureDirectAsia 500HLAS SuperiorIndustry Avg.
Annual ASEAN PremiumS$108.80S$144.50S$188S$185.51S$172S$250.78
Annual Asia PremiumS$108.80S$144.50S$188S$185.51S$172S$264.04
Annual Global PremiumS$137.60S$194.50S$188S$239.65S$224S$353.85
Annual ASEAN Value Ratio0.142.180.931.281.290.91
Personal Accident & Death CoverageS$50,000S$80,000S$208,000S$500,000S$300,000S$260,197
Medical CoverageS$50,000S$1,000,000S$312,00525,000S$520,000S$590,185
Emergency Medical/Evacuation CoverageS$50,000UnlmtdUnlmtdS$1,500,000UnlmtdS$717,500
Trip Inconvenience Coverage (i.e. cancellation, delays, baggage)S$900S$29,900S$17,500S$22,500S$21,000S$10,261

Best Travel Insurance Promotions

Some insurers offer great deals on their travel insurance plans. Below, you'll find a list of insurers offering some of the best discounts on the market, as well as the promo code you'll need to enter (if there is no promotion code, the discount is automatically taken into account).

  • Allianz: 50% off with "vp50off"
  • FWD: 20% off with "BESTTRAVEL20" +S$50 CapitaVoucher 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$30 (Enhanced/Superior Plans); 40% off Annual Plans + Free Wi-Fi and Attractions Voucher Up to S$30
  • 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

By collecting hundreds of data points from various travel insurance plans around the country, we were able to gain insight on dozens of plans offered by more than 20 insurers. The data we collected span all benefit coverages from personal accident, 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 by duration of coverage (1-week, 2-week and annual). To see all of the companies we analysed, please see the table below.

In order to arrive at our top picks for travel insurance, we looked at multiple factors. First, we considered the amount of money one is entitled to when certain events occur (i.e. medical and inconvenience). Then, we created a benefits to cost ratio to measure the value of each product.This measure is a proxy for how much an insured person can get for what he pays. You should note that we weigh 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, but this statistic can be much higher in regions that experience severe tropical weather.

The graph below illustrates how different companies compare based on the value ratio we utilised. This particular example assumes a 1-week trip within ASEAN region—however, this can vary for other regions and for longer trips, especially if you purchase an annual package.

A graph comparing value of travel insurance in Singapore from all major insurers in the country, assuming a 1-week trip in ASEAN region
Comparison of Travel Insurance in Singapore by Value

Alternatives

If you want to purchase travel insurance to cover your trip, but do not want to spend extra on a policy, there are ways of getting free travel insurance coverage. For example, there are travel credit cards that provide free travel insurance coverage to their cardholders. Though some of these cards can get costly, the insurance packages included are quite comprehensive. For more information, we prepared a list with detailed analysis of cards with complimentary travel insurance.

Comments and Questions