Best Travel Insurances Singapore | Travel Insurance for Covid-19

Insurance | Travel Insurance

Covid-19 coverage is so new that it varies greatly from insurer to insurer. With enough time, insurers will begin to comprehend what their competitors are offering, and coverage will likely become more similar across the board. In this blog, we tell you about the best travel insurances in Singapore for travelling amidst a Pandemic. 

As of present, there are three factors to watch out for while selecting the best travel insurance with COVID-19 coverage:

• Insurance for medical expenditures
• Overseas hospital funding
• Allowance for overseas quarantine

Best Travel Insurances in Singapore

AXA SmartTraveller Travel Insurance

Here’s what you get:

• Cancellation and postponement of pre-departure trips
• Losses due to trip cancellations or rescheduling
• Medical costs
• Allowance for overseas hospitalization
• Allowance for overseas quarantine
• Medical evacuation and repatriation in an emergency

In this case, the medical expenses category is fairly generous. You can submit a claim for expenses spent within 90 days of your vacation. One benefit that not all insurers provide is an abroad quarantine allowance if you are compelled to stay in a hotel or quarantine facility due to a Covid-19 infection. You can’t claim for this if you’re already claiming for hospitalization, but you’d have to be extremely unlucky to get quarantined and hospitalized in the same trip.

AXA is also fairly accommodating when it comes to trip cancellation or rescheduling. You can file a claim under this clause not only if you get Covid-19, but also if someone in your family dies as a result of Covid-19, public transportation is cancelled as a result of Covid-19, or there is a Covid-19 epidemic at your destination that prevents you from continuing on your journey. In a nutshell, this plan features one of the most complete benefit lists available, and it’s not even that pricey. It is one of the best travel insurances in Singapore. 

FWD Travel Insurance

FWD provides some of the most affordable travel insurance plans in Singapore, so this is a cost-effective alternative if you’re already concerned about the cost of all the antigen testing you’ll need to do before and during your trip. Here’s a quick overview of the Covid-19 coverage provided by this plan:

• Trip cancellation and deposit forfeiture
• Disruption of travel
• Overseas hospital funding
• While in Singapore, you can get hospital cash.
• Medical costs
• Medical evacuation and repatriation in an emergency

If you are diagnosed with Covid-19 less than 30 days before your intended departure date, or if you have to amend your itinerary due to a Covid-19 diagnosis while abroad, the plan reimburses some of your travel-related expenses. You can also claim medical expenses and a hospital cash benefit if you are hospitalized overseas or in Singapore for up to 14 days after your return. The coverage is quite basic, but the package is dirt cheap. If you can’t afford anything else, get this.

Allianz Travel Insurance

The travel insurance plan by Allianz travel includes :

• Trip postponement
• Trip cancellation
• Medical expenses incurred while abroad
• Medical evacuation in an emergency

At $1,000,000, this plan provides the most coverage for COVID-19 medical expenses. It also offers a unique feature that allows you to advance payments (subject to availability or approval) if you need to be admitted to a hospital as an inpatient. However, points are deducted for the absence of coverage for overseas hospital cash and quarantine allowances. Choose this option if you want an all-in-one plan that does not require the purchase of an additional COVID-19 addon.

AIG Travel Guard Insurance

Here’s a quick overview of the Covid-19 coverage provided by this plan:

• Trip postponement
• Returning home early
• Medical expenses incurred while abroad
• Medical evacuation in an emergency
• Allowance for overseas quarantine

This package compensates you if you contract Covid-19 in Singapore and have to postpone your vacation, or if you or a family member contract the virus before your departure date and have to cancel your trip as a result. You will also be provided with medical coverage and a quarantine allowance. When compared to other plans, there is a good list of benefits, but there are a few things missing, such as a daily hospital cash reward, early return home, and trip interruption due to quarantine or other government recommendations.

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