Travelling under the new normal has become a bit more uncertain since most countries now require COVID tests and treatment or hospitalization might follow if the result is positive. So Yes you need a comprehensive traval policy, and also be clear on what it covers.
Remember that your children and elderly parents should also be covered by Travel Insurance because one of the most important benefit of Travel Insurance is the medical coverage and emergency repatriation. Emergency repatriation may not be covered by many hospitalization plans and it is costly to arrange it yourself.
Most people don't realise that their employer's Travel Insurance policy does not cover personal trips. So before you travel, make sure that you check that your employer's Travel Insurance covers you for your overseas holidays too. Otherwise, you should purchase specific Travel Insurance covering the period of your holiday.
Equally important are the benefits that you get if your baggage is delayed, or if your trip was cancelled.
1. Single or Annual Travel Insurance policy?
Save money by purchasing an annual policy if you travel six to nine times a year. Otherwise single trip policies would give you better value for money.
2. Buy "standalone" Travel Insurance
Travel Insurance that is bought when you purchase your airline ticket may have special conditions that require you to only take their airlines for transportation. This is not a situation that you would want during an emergency.
3. Split out the baggages
Check-in staff sometimes check-in all luggages under one name in the group for convenience. If you are travelling in a big group and everyone has their own Travel Insurance, remember to split out the luggages and tag them under each person. If you make a claim, you claim for the luggage under your name, maximising the total cover within the group.
4. Does Travel Insurance cover pre-existing conditions?
Unless the cover specifically says that it covers pre-existing conditions, assume that it does not. So if you are aware of any conditions that may cause an issue during travel, best to buy cover that includes pre-existing conditions. This will be clearly highlighted when we show you the side-by-side comparison of products.
5. Some Travel Insurance policies have special benefits.
On top of the most-concerned COVID-19 cover, there may be additional benefits that are trip specific and you should consider these when making your purchase. For example:
Planning to go outlet shopping? If you intend to buy many expensive items on your trip, you may want to consider a policy with a higher baggage claim limit.
Travel Insurance is also eligible for the Refer a Friend programme. Refer your friends and family for Travel Insurance and get DIY$10 for each referral.
DIY$ can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Check out our rewards catalogue here.
How to refer:
Simply ask your friend to select "Referral" during the application process and key in your email address or referral code when they apply for Travel Insurance here
* Only applicable if your friend has not bought any insurance policy through InsureDIY before. Minimum $40 spend.
NTUC Income, MSIG, Sompo, Tokio Marine and more...
The top 5 products are shown side-by-side for easy comparison.
The key categories of benefits: overseas medical treatment and emergency repatriation; loss or delay of baggage and delay or cancellation of trip are available across all plans. However, the claim limits may differ.
Key features are highlighted in our comparison tables for your convenience!
MSIG Travel Insurance
Best all round cover + enhanced with COVID-19 Cover. Great combination of high medical cover, trip cancellation & postponement cover, travel inconvenience cover and amateur sports cover.
Income Travel Insurance
Travellers can enjoy COVID-19 benefits for medical expenses, travel inconveniences and overseas quarantine allowances for the first 90 days of each trip under a Standard Plan policy.
Liberty Travel Insurance
Very decent standard plan with key benefits on medical cover, travel inconveniences and overseas quarantine allowance extended to cover COVID-19.
Sompo Travel Insurance
Travel (COVID-19) Insurance
Protection against hefty overseas medical expenses, trip cancellation costs and other essential coverage if you are diagnosed with COVID-19.
Tokio Marine Travel Insurance
TM Xplora Plus
Covers trekking to the highest altitude of 4,500m above sea level. Also has the highest baggage & travel delay covers! Quarantine allowance is extended to cover COVID-19.
The above table is for illustration only, click "Get A Quote" to see the latest products, quotes and discounts.
1. Can I get a refund if I wish to cancel my Travel Insurance?
We can only cancel your application if the policy has not been issued. Once the policy is issued, there is no refund of premium should you terminate a single trip policy. You may be able to obtain a small refund for an annual policy if you cancel the policy early during the policy period without having made any claims.
2. Should I buy a family cover?
The price of a family cover will be cheaper than buying Travel Insurance for each person separately. However, some benefits limits may be lower.
3. What should the start and end date of my Travel Insurance policy be?
The start date should include the date that you plan to travel out of Singapore. The end date will be the date that you land in Singapore. This may not be the same date that you fly out of the country that you are visiting.
4. If I intend to visit several countries, what should I select as my destination country?
Simply select the country that is furthest away from Singapore.
5. I am not based in Singapore. Can I purchase Travel Insurance here?
The Travel Insurance available here are for travellers who are resident in Singapore and intend to leave and return to Singapore. If you are departing from Malaysia or Hong Kong, you may wish to visit InsureDIY Malaysia or InsureDIY Hong Kong for Travel Insurance policies.
InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.