Like many other insurers, NTUC offers three levels of travel insurance policies to cater to the tastes and budgets of all kinds of consumers. Ultimately, its plans tend to be priced quite close to the industry average and feature a medium degree of coverage in most areas with two main weak points. While NTUC's plans are priced fairly given the level of coverage provided, deal-seekers will not be particularly wowed. However, NTUC Income's travel insurance policies stand out because they are the only ones in Singapore that cover pre-existing medical conditions.
Summary of NTUC Travel Insurance
|Classic Plan||Deluxe Plan||Preferred Plan|
|Quite low coverage for personal accident/death & medical expenses and medium coverage in other areas for prices close to the industry average|
|Promotional offer of foldable haversack for annual policies and handheld massager for single-trip policies|
Table of Contents
- NTUC Travel Insurance: What You Need to Know
- Sports Coverage
- Claims Information
- NTUC Coverage & Benefits
NTUC Travel Insurance: What You Need to Know
First, the most distinct feature of NTUC Income's travel insurance policies is that they are the only ones in Singapore that provide coverage for pre-existing medical coverage with their Enhanced PreX Plans. However, the prices for these are about 3 times as expensive as NTUC's regular plans, with the basic plan costing double the basic-plan average. For other consumers, NTUC Income's policies represent a rather standard amount of protection for a reasonable price. NTUC's budget-tier Classic Plan, mid-tier Deluxe Plan and premium-tier Preferred Plan share prices and benefits that hew close to the industry average for their respective coverage tiers.
However, there are a few notable exceptions: each of NTUC's travel insurance plans features coverage for personal accident/death and medical expenses that is below-average, sometimes significantly. Also, NTUC's annual policies tend to cost somewhat more than the industry average for its cheapest Classic Plan and most fully-featured Preferred Plan, though the mid-tier Deluxe Plan maintains its average pricing for annual policies.
Although NTUC Income's policies are quite standard in terms of their value, people without pre-existing medical conditions may find better deals with other insurers. Within the entry-level and middle tier of travel insurance plans, you can get equivalent or significantly better coverage in every category except personal accident/death for fewer dollars with Allianz Global Assistance's Bronze and Silver Plans. For about the same amount of money—and substantially less for annual policies—the AXA Essential Plan outperforms NTUC Classic in every coverage area. Compared to the mid-tier NTUC Deluxe, the similarly-priced Aviva Travel Plus Plan will give you much better coverage than NTUC Deluxe in medical expenses and trip cancellation, though Aviva does offer slightly less coverage in personal accident, emergencies and trip delays. Within the premium tier of travel insurance plans, Aviva's Travel Prestige Plan gives you more protection in every area and much better bang for your buck than NTUC Preferred, despite costing around the same amount of money (or occasionally slightly less).
Unlike all other insurers, NTUC covers pre-existing conditions—as long as you purchase their Enhanced PreX plans. Besides that, the exclusions are pretty standard, including no cover for travelling for medical conditions, items lost or damaged while unattended, travelling to participate in professional or compensated sports, being a victim of war, riots, or rebellion and travelling against the advice of the Singapore Government.
|Medical Exclusions||Trip Inconvenience Exclusions|
|Pe-existing conditions (unless insured under PreX plan)||Engaging in sport for compensation|
|Pregnancy-related events||Items taken by customs officials|
|Suicide and mental illness||Baggage sent separately or items left unattended|
|Cosmetic or elective surgery||Fragile articles, business goods, sports equipment|
|Travelling when you are medically unfit||Inability to travel due to business or contractual obligations|
|Metastatic or terminal illness||Extreme sports (bungee jumping, skydiving, mountaineering, etc.)|
NTUC includes medical coverage for adventure and sports including skiing, scuba-diving, white water rafting and motorcycling. There's no golf coverage and no cover for extreme sports such as bungee jumping, skydiving and mountaineering.
To submit a claim, you have to print and complete the travel claim form, and along with the supporting documents, email it to the email provided below. If your claim includes reimbursement for medical expenses, you can submit the form either at an NTUC Income Branch, to your insurance adviser, or by mail.
NTUC Coverage & Benefits
With so many options for travel insurance plans in Singapore, it's no wonder that picking the right one for your next business trip or holiday can seem like a daunting task. Below, we've compiled a summary of NTUC's premiums and coverage and how it compares to the industry average. If you'd like to learn more about how NTUC compares to other insurers, you can read our list of the best and cheapest travel insurance plans in Singapore.
|1 Week ASEAN Value Ratio||0.66||0.76||0.78||0.86|
|Annual Global Ratio||0.45||0.68||0.63||0.87|
|Coverage Benefits||Classic||Deluxe||Preferred||Industry Average|
|Personal Accident & Death||S$50,000||S$125,000||S$200,000||S$828,790|
|Baggage Loss Damage||S$3,000||S$5,000||S$8,000||S$5,923|