Tips on choosing your Travel Insurance

As the borders across the globe are opening once again, we have seen the frenzy of travel approaching pre-pandemic levels. Earlier forecasts predicted that travelling demand would resume normalcy by 2024, however, based on the recent update by IATA in May 2022, the data has revealed that normalcy will return to pre-pandemic levels would come sooner than later.

When planning for a trip overseas, it is essential to have adequate travel insurance in place to cater for unforeseen circumstances.

Here are some tips on choosing your travel insurance:

Single trip or Annual plan

Single trip: Great for once-off short trips to southeast Asia.
Annual plan: If you and your loved ones intend to travel more than twice a year, it may be more cost-effective to take up an annual travel plan.

Covid coverage & its corresponding limits

– Check that your travel insurance includes covid cover, as not all travel insurance provide covid coverage.
Also note that covid compensation limits are usually lesser than other insured events.

Pre-existing conditions

– If you or your loved ones have pre-existing conditions (eg high blood pressure or heart-related), it’s best to take up a travel insurance which covers pre-existing conditions. Otherwise, overseas hospitalizations, medical evacuation and other expenses may not be claimable under the travel insurance.

Reduced benefits for seniors

– Seniors who are above 70yrs old usually have reduced travel coverage, as compared to younger family members.
In this case, it may be better to get a higher limits travel insurance plan for seniors.

Limits for emergency medical evacuation

– Due to the high cost and complexity of emergency medical evacuation, it’s recommended to have at least $300,000 – $500,000 in coverage; so that the patient can have access to the best possible medical care.

Which Travel Insurance is the best?

Given that no two policies are alike, we should consider how different policies function in different geographies as well as note differences in T&Cs.
Speak to us if you have any queries and we’ll be happy to help for your travel insurance plans!

Meanwhile, feel free to look for travel insurance quotations here: Travel insurance quotes

Happy holidays!

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:

Chan Wen Li Winnie

Winnie Chan is a Certified Financial Planner (CFP) and MDRT Court of the Table qualifier (top 5% of advisers) with 15 years of experience in financial advisory services.

She specialises in helping doctors and high-income professionals build sustainable passive income, protect what they’ve worked for, and create a financial legacy for the people they love. Working across different insurers and investment platforms, Winnie focuses on finding the right fit for each client — not the other way around.

Her experience supporting clients through insurance claims has helped families access the financial protection they planned for, providing peace of mind during life’s most challenging moments.

Winnie was recognised as a Top 5 Weighted Premium producer at Financial Alliance in 2025 — out of close to 500 advisers — and received industry-level recognition for Top 3 Single Premium category Insurer award.

She has also brought financial education to organisations including Carousell Group, Singapore National Eye Centre, and Singtel.

Outside of work, Winnie stays active through regular gym workouts and is an accomplished pianist — recently attaining ABRSM Piano Performance Grade 6 (Merit).
She believes balance matters in finances, and in life.

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