The 5 Best Travel Insurance Plans in Singapore for 2025

Going on a trip is an exciting experience, but it’s essential to plan for the unexpected. This is where travel insurance becomes invaluable. Whether you’re travelling for work or a holiday, having insurance ensures you’re financially protected in the event of unforeseen issues like cancellations, health problems, or lost luggage.

We’ve carefully explored the best travel insurance plans available, looking for options that provide excellent coverage, reasonable rates, and a straightforward claims process. In this article, we’ve rounded up the top 5 travel insurance policies in Singapore, so you can travel worry-free.

In Summary

How Does Travel Insurance Work?

Travel insurance works by protecting you from unexpected events during your trip. Here’s how it works:

1. Coverage for Unexpected Events

It covers things like medical emergencies, trip cancellations, lost baggage, and travel delays. Depending on your policy, it can help pay for hospital bills, reimburse non-refundable expenses, or replace lost items.

2. Filing a Claim

If something goes wrong, you file a claim with your insurer. You’ll need to provide proof, like medical reports or receipts, to support your claim. Some insurers allow easy, online claims.

3. Reimbursement and Assistance

Once your claim is approved, the insurer will either reimburse you for eligible costs or arrange assistance, such as emergency evacuation or medical care.

It’s designed to help you manage the unexpected and protect your finances while travelling.

Is It Worth It to Get Travel Insurance?

Yes, travel insurance is generally worth it, especially if you’re travelling abroad or have non-refundable trip expenses. Here’s why:

1. Protection from Unexpected Costs

It helps cover medical emergencies, trip cancellations, lost baggage, and other unexpected issues, saving you from large out-of-pocket expenses.

2. Peace of Mind

Knowing you’re covered in case of emergencies lets you enjoy your trip with fewer worries, especially in unfamiliar places.

3. Affordable Options

Travel insurance is often affordable, especially for short trips, making it a small price to pay for significant protection.

Overall, it’s a smart way to protect both your health and your finances while travelling.

---

Best with Medical Coverage

Allianz Travel Insurance Silver Plan

The Allianz Travel Insurance Silver Package offers a comprehensive travel insurance plan that provides essential protection, especially for medical emergencies while overseas.

The standout feature of this insurance plan is its emergency medical coverage, offering up to S$500,000. This benefit is a game-changer for travellers concerned about the financial impact of medical emergencies abroad. If you’re diagnosed with an illness or suffer an injury while overseas, this coverage ensures that you’re financially protected, with expenses for medical treatments, hospital stays, and necessary procedures fully covered.

Another key benefit is the emergency transportation coverage of up to S$ 1,000,000. This is especially useful if you require emergency medical evacuation or need to be transported to the nearest medical facility for treatment. The coverage also includes medical repatriation back to Singapore if needed.

In addition to medical coverage, Allianz also provides trip cancellation coverage of up to S$ 5,000. This means if you need to cancel your trip due to unforeseen health issues, including Covid-19 diagnosis before your departure, you can recoup your non-refundable expenses.

Despite these impressive benefits, one potential drawback is the premium cost, which is higher compared to basic plans. While this might be an ideal option for frequent travellers or those seeking comprehensive coverage, it may not be the most affordable for those travelling on a tight budget.

A more notable limitation of this package is the baggage coverage, which offers only up to S$ 3,000. While this may be sufficient for most travellers, those with high-value items like expensive electronics or jewellery might find this coverage lacking. A more extensive baggage protection would be ideal for those carrying valuables abroad.

Best for Families with Children

DirectAsia Voyager 500 Travel Insurance

DirectAsia’s Voyager 500 Travel Insurance is an excellent choice for families, offering comprehensive protection for family trips.

One of the biggest benefits of this package is the family coverage, where children are covered under the same limits as adults, without additional charges. This is a huge benefit for families, as it ensures that your children are fully protected in the event of illness, injury, or accidents during your trip, without incurring extra costs. Additionally, maids can be added to the family policy for more convenience, which is a bonus for families traveling with household help.

Another key benefit of this plan is the high medical expenses coverage, offering up to S$500,000 for emergency medical expenses while abroad. This ensures that you can access high-quality medical care without worrying about the financial implications if any family member falls ill or needs medical treatment during the trip.

Additionally, the Voyager 500 plan provides coverage for loss or damage to personal belongings, including items like luggage and electronics, up to S$5,000. This ensures that families can travel without worrying about the cost of replacing lost or stolen items.

However, one downside to this plan is the lack of coverage for Covid-19 unless you purchase the optional Covid-19 Travel benefit. This may be a concern for families travelling during the pandemic, as coverage for Covid-19-related claims requires opting into this additional benefit.

While the plan provides excellent coverage, the premium cost can be higher compared to basic packages. This may be a deterrent for families on a budget, but the extensive benefits offered make it a worthwhile investment for those who seek peace of mind during their travels.

Best with Airport Perks

Zurich Travel Insurance Essential Plan

Zurich’s Essential Plan offers solid travel protection at a reasonable price. This plan covers a range of benefits that can make your travel experience more convenient and stress-free, such as medical expense coverage. Being the only insurance providers to offer airport perks, the FlyEasy lounge access is the highlight of this plan. If your flight is delayed, you can relax in an airport lounge, avoiding the hassle of crowded terminals.

In addition to the medical and lounge benefits, this plan also covers adventurous activities, so you’re protected during thrilling experiences like scuba diving or skiing. This makes it a great option for those planning more active trips.

While the plan covers essential aspects, the limited coverage for seniors could be a drawback for older travellers. Seniors receive reduced coverage limits for medical expenses and personal accidents, which may not be adequate for those needing extra protection.

Another limitation is the lack of coverage for non-medical trip interruptions. While you’re covered for cancellations and curtailments due to medical reasons, there’s little protection for trip interruptions caused by non-medical issues such as work obligations or personal emergencies.

Best Budget-Friendly

MSIG TravelEasy Lite Plan

The MSIG TravelEasy® Lite Plan is an ideal choice for budget-conscious travellers seeking essential travel protection. Despite its budget-friendly price, it still covers essential travel needs like emergency medical expenses, ensuring you’re not left stranded if something unexpected happens during your trip.

Another benefit is the emergency evacuation coverage included in this plan. With up to S$100,000 for emergency medical evacuations, this plan ensures you’re well-protected in case of a medical emergency abroad that requires urgent transportation to a hospital or back home.

In addition to the emergency evacuation coverage, the Lite Plan also includes protection for baggage loss, offering up to S$1,000 for lost luggage. This benefit ensures that your essential belongings are covered while travelling.

However, since this plan’s highlight is its affordability, there are certain areas not accounted for. For instance, the Lite Plan does not cover trip cancellations, which may be a dealbreaker for those who want a comprehensive plan that protects against unforeseen disruptions.

A more notable issue is the lack of coverage for adventurous activities, which could be a limitation for those looking to engage in activities like scuba diving, skiing, or hiking. This could be an important consideration for adventure travellers who need specialized coverage for these activities.

Best with Post-Departure Purchase Option

Income Travel Insurance Classic Plan

The Income Travel Insurance Classic Plan provides excellent coverage for travellers with the flexibility of post-departure purchase. This plan allows you to purchase coverage even after you’ve left Singapore, which can be very beneficial for last-minute travellers who may have overlooked insurance or need additional protection after departure.

In addition, the plan offers trip cancellation coverage, providing S$5,000 in protection for unexpected cancellations. This ensures that if unforeseen circumstances cause you to cancel your trip, you can recover a significant portion of the prepaid travel costs.

Another benefit of the Classic Plan is its personal accident cover, which includes protection for accidental death and permanent disability. It’s a crucial safety net, especially for those who are travelling to unfamiliar or potentially risky destinations.

If we have to nitpick though, this plan lacks coverage for pre-existing medical conditions, which may be a deal-breaker for those with health concerns. A more significant issue is the higher premiums compared to basic plans. While the Classic Plan offers comprehensive coverage, the price may be on the higher end for those only seeking essential protection.

Final Thoughts

Selecting the ideal travel insurance plan is key to ensuring a stress-free and enjoyable trip in 2025.

Travel insurance serves as an essential safety net, protecting you from unexpected costs such as medical emergencies, cancellations, lost luggage, and more. With the right coverage, you can travel with confidence, knowing that any unforeseen circumstances won’t derail your plans or your finances.

What makes travel insurance a must-have is the range of options available, catering to various types of travelers. Whether you need comprehensive coverage, an affordable option, or a plan tailored for frequent trips, there’s a suitable choice for everyone. Some plans even include extra benefits, such as coverage for COVID-19-related issues and round-the-clock assistance, so you’re covered no matter what challenges arise.

When choosing a travel insurance policy, it’s important to evaluate your priorities—whether it’s the level of coverage, the added perks, or the overall value. By taking the time to compare the top options for 2025, you’ll ensure that you’re protected, so you can focus on making the most of your travels without the stress of potential risks.

So, explore your options, weigh the benefits, and select the plan that best meets your needs for a safe and unforgettable journey.