Singapore Travel Insurance Guide (2024) – You Must Know For Choosing The Best Plan

“I think I need to buy a travel insurance.”

This question usually appears in our minds whenever we are watching a shocking flight accident news. 

Recent news like Singapore Airlines SQ321 which departed from London Heathrow and expected to land in Singapore, did an emergency landing in Bangkok International airport due to clear air turbulence. This resulted in 1 dead and 71 injured among 229 travelers. This terrific news is a very rare flight case because clear air turbulence is hard to detect. 

WHY DO YOU NEED IT?

Buying a travel insurance is actually buying a peace of mind for you and your family. Travel insurance is a specific insurance plan that covers almost all types of unexpected accidents you may face during your flight and trip. Imagine you encounter loss of documents in the midst of a foreign country, knowing nothing about their language and culture. With travel insurance, you know who to contact and feel the certainty as well as assurance it provides.

WHAT DOES IT COVER?

Actually travel insurance doesn’t only cover flight accidents, or hospital bills due to accidents. Travel insurance covers far more than these! 

Its coverage includes but not limited to:

Delayed flights – the opportunity cost of your time for good work;

Delayed / Lost luggage – statistics show that airlines globally mishandle about 5-6 bags per 1,000 passengers; 

Loss of travel documents – unfamiliar procedures and costs to settle with your passport, transport or accommodation documents overseas;

Unexpected illness/injury overseas – additional medical costs for your trip;

Travelling with family – senior citizens and kids are more vulnerable than adults;

Postponed/cancelled trip due to COVID-19 – extra costs to reschedule your trip.

 

WHO NEEDS TRAVEL INSURANCE?

Everyone needs a travel insurance, no matter whether you are a frequent flyer or not. Some of the insurers offer travel insurance for single trip that covers a specific period, suitable for a family holiday, honeymoon and short trips. 

 

WHEN DO YOU NEED IT?

It has become a norm for everyone to commute using flights for business or personal purposes. Don’t regret and grieve over your mistakes of not buying travel insurance for protection when accidents happen. Get your protection today and have your worries taken care of by the insurers!

 

HOW SHOULD YOU GET COVERED?

Click “WhatApp” button NOW to request for a quotation according to your needs and budget. 

 

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Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek unbiased financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

Published By:

Lidwina Teo 维娜

I help individuals and families make confident financial decisions through personalised financial planning across the whole world. 

Specialising in protection, wealth accumulation, and retirement planning, I provide tailored solutions aligned with your goals and priorities.

Let’s connect over a coffee and explore how we can build a stronger financial future together.

 

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