About Travel Insurance

Types of Cover

Frequently Asked Questions

A) What are the different types or categories of travel insurance?

i) Single Trip: a short term policy covering a specific trip, usually commencing from and returning to Singapore.
ii) Annual Cover: a policy issued for a one-year period covering trips commencing from and returning to Singapore, undertaken by the insured person(s) during the policy year, subject to its terms and conditions.
iii) Individual Plan: a policy covering the policyholder or any other individual person.
iv) Family Plan: a policy covering the policyholder and his immediate family i.e. his legal spouse and their legitimate children. A cap may be imposed on the number of insured persons under a Family Plan policy

B) Are there different types of travel insurance that cover specific locations / geographical regions?

Yes. For the purpose of premium classification, insurers usually divide the world map into different geographical regions / zones. A common classification will be ASEAN / Asia Worldwide.

C) What factors must I consider before choosing a specific travel insurance package?

Your needs and expectations will be the main considerations and may include the following:
i) How frequently do you travel?
ii) Do you travel alone or with your family?
iii) Where are you travelling to? Is there good access to medical facilities and what is the cost of medical treatment? Are you travelling to places that are more likely to have natural disasters or weather which could disrupt your plans for the trip?
iv) Purpose of your trip – is it for business or pleasure?
v) Itinerary – adventure, sightseeing or rest and relax? For example, if you are planning to drive, you might want to select a policy that provides Rental Vehicle Excess cover.
vi) What are your personal expectations of the cover? Besides the usual Personal Accident and Medical Expenses benefits, it is important to consider if you require coverage for emergency assistance and /or evacuation, delayed departure, trip cancellation / curtailment, loss of baggage /travel documents, etc.
vii) What is your budget? It is wise to consider the above factors carefully before deciding to which travel insurance policy to purchase. You may wish to start planning early to allow yourself sufficient time to review and compare the cover and premium that best fit your needs.