Annual Travel Insurance Singapore Style

If you travel a lot, to and from Singapore, or even other parts of the world, you may want to save yourself the hassle of buying trip insurance every single time and just opt for annual travel insurance. Singapore has many excellent travel insurance companies offering this service, both offline and online which makes this kind of insurance accessible to anyone who needs it.

The Benefits of Annual Travel Insurance Singapore Agencies

While single trip travel insurance policy will offer enough coverage for those who are going on a short trip for a vacation or an emergency trip, and do not travel more than three or four times in a year, there are other types of people who need to travel constantly due to their work requirements or any other reason. If you’re one of the latter, it is more logical to get multi-trip travel insurance, or what is more commonly known as annual travel insurance. Singapore agencies (and others worldwide) also offer what is known as a backpackers’ cover– a form of annual travel insurance that covers multiple trips in multiple destinations for longer time periods.

Convenience and cost-effectiveness is the primary benefit. Buying 20 single trip policies is definitely more troublesome and costlier than an annual trip travel insurance, which covers all the traveling you do during the insured period. Just buy once a year– then put it out of your mind until you need it! One important thing, however, remember to note the coverage dates and renew the policy when it has expired.

The annual travel insurance Singapore agencies offer are also often broader in scope and considered always in effect within the year that it takes effect. This means that there is no need to change the coverage in case travel plans change, and there is no need to scrounge around looking for your agent and making calls for spur of the moment trips outside the country. What’s more, even if you decide to extend your stay a week or so, you are still covered! Most Singapore annual travel insurance plans have a coverage period per trip of around 31 days, though there are some that are longer or shorter. Many seasoned bargain travellers opt for annual travel insurance as it allows them to take advantage of sudden sales and price-offs on airfare and accommodations without needing to worry about whether or not it invalidates their existing plans.

Like single trip travel insurance plans, Singapore annual travel insurance plans provide protection from losses and expenses that may occur during travel, including coverage for medical treatment and emergency medical needs, evacuations, trip interruptions, travel delays, lost or delayed baggage, and assistance services. Annual travel insurance policies also provide Accidental Death and Dismemberment (AD&D) coverage. The main difference is that this sort of plan covers unlimited trips during a 12-month period. These plans, however, often have trip length restrictions (often 90 days) and policy holders will need to carefully note exclusions in terms of activities and destinations.

Who Should Get Annual Travel Insurance?

As a guideline, individual travellers, couples or families who make at least four trips totalling around seven days each a year or six trips of around three to four days a year will find that the annual travel insurance Singapore agencies offer to be the best and most economical option. Particularly for residents of Singapore and other countries who travel to the United States along with other countries, an annual policy can be quite cost-effective, given the high costs of medical coverage for trips to the United States.

What To Watch Out For

Annual travel insurance may not be the best option if you will be staying at your holiday destination for longer periods of time, depending on the exclusions of your plan. As mentioned, many annual travel insurance Singapore plans have various restrictions, some are only valid for trips as long as 30 days, while some allow it for as long as 90 days. Consulting with your travel agent can help you find the right plan.

The multi-trip coverage offered by Singapore annual travel insurance plans may also not be sufficient if you are undergoing tests for a medical condition, since you will be needing to declare pre-existing conditions before you travel later in the year. In this instance a pre-existing medical conditions single trip policy taken out just before travelling would ensure you are correctly covered.

It is also important to note that some insurers may have other restrictions, such as age which is why it is always important to check on the exclusions of any travel insurance policies before signing up.

Auxiliary Plans And Cards You May Need

• While the annual travel insurance Singapore agencies offer are rather broad and encompass many eventualities (and of course, multiple trips!) over a year’s time, here are a few plans you may wish to take out to ensure your are truly fully covered.

• Family travel insurance – Combining policies for couples or families generally works out cheaper as the costs are higher ‘per trip’ than ‘per person’.

• The EHIC card- For those traveling to Europe, the European Health Insurance Card or EHIC can ensure free or reduced cost emergency medical treatment in any of the EU member countries – plus Switzerland

• Gap-year travel insurance – Also known as backpackers’ insurance or long-stay insurance, these include coverage from three to 24 months and can also cover working overseas

• Winter sports/hazardous activities insurance – This is an optional extra on a number of policies, and are ideal for those planning to indulge in sports like skiing, snowboarding, parasailing and the like. Remember to check the policy to ensure coverage for equipment, different sports, search & rescue, and more.

Filed Under: annual travel insurance singapore

No related posts.