Travelling to different places all around the world is quite enjoyable, but it also brings different types of risks. So, keeping a plan handy that helps cover up the incurred losses can be very beneficial. A travel insurance plan can be the perfect solution to this problem as it covers numerous travel-related losses.
Singapore also has a lot of good travel insurance plans. So, to get the best knowledge about travel insurance in Singapore, keep reading this article and discover: Why is it important to have travel insurance in Singapore?
Why Is It Important To Have Travel Insurance In Singapore?
While travelling, everybody is always at some risk or the other. So, for an enjoyable vacation or a stress-free work-related journey, taking care of these risks is vital. Travel insurance covers various risks, which can be related to luggage, health, and emergencies. It can be beneficial for both you and your loved ones. Singapore offers a wide range of travel insurance plans for people to choose from according to their convenience. These are the following reasons why travel insurance in Singapore is important:
· Lost luggage or other important documents
A travel insurance plan provides contingence for the loss of personal stuff. It covers the expenses for the issue of a new passport, lost luggage, etc.
· Trip/ flight cancellations
Last-minute cancellations are always unpredictable yet can occur to anyone. In this scenario, travel insurance covers these expenses as well.
· Physical accidents
A physical accident can be tragic. It can cause huge monetary losses and can lead to a stressful situation. To stay relieved from such a scenario, opt for this plan.
· Medical expenses
Falling sick is a part of everybody’s life and is inevitable. So, being ready for such a risk is a good decision. It can cover up the hospitalisation charges and be a life saviour. Also, the latest travel insurance plans have introduced coverage for losses related to COVID-19.
What Is The Best Travel Insurance In Singapore?
Singapore has various insurance plans for the people seeking this service. People can easily opt for the most suitable one according to their budget and other conveniences. The following are some of the best travel insurance sg:
· HLAS COVIDSafe Travel Protect360
COVIDSafe Travel Protect360 of HLAS is among the best travel insurance in Singapore with COVID-19 cover. It can cover up to $200,000 in overseas medical expenses due to COVID-19. Moreover, it can reimburse a quarantine allowance of up to $1500 when you are quarantined overseas. Moreover, you can get up to 10% off on your next travel insurance purchases when you do not make any claims with in the covered dates.
· NTUC Travel Insurance COVID
NTUC Travel Insurance COVID is one of Singapore’s best travel insurance plans. It offers a huge range of policies to select from for different types of customers, which leads the customers to choose a plan according to their convenience. There are three packages, which are classic, deluxe, and preferred. Therefore, it comes out as a good option for any customer, regardless of whether they are frequent travellers.
· AIG Travel Insurance
AIG Travel Insurance is one of Singapore’s most opted travel insurance companies. This insurance also offers a range of plans to choose from for the convenience of the customers. The plans range from basic to supreme and cost accordingly. This company aims to provide the best possible service according to the price. Hence, opting for this plan will not be regrettable.
· FWD Travel Insurance
FWD Travel Insurance is a good option for people who are not willing to spend much money on travel insurance. It offers some cheap policies, yet the best service. This plan covers trip cancellation/ disruption risks, medical expenses, hospital expenses, etc.
· Allianz Travel Insurance
This travel insurance plan has the maximum coverage for COVID-19 expenses. It covers the losses due to trip cancellations, medical expenses, emergency evacuation, etc. Also, it gives the benefit of advance payments, which many travel insurance companies don’t.
· AXA Smart Traveller Travel Insurance
The AXA Smart Traveller Travel Insurance covers many risks. It covers the most probable risks during travelling and aims to provide its customers maximum relief. They can claim the costs within three months of the trip, which is quite generous.
All the plans mentioned above also offer relief from problems related to COVID-19. Opting for any of them will give this extra benefit as well.
Conclusion
It is always better to decrease risks and lead a stress-free life rather than carrying a huge amount of stress. A hassle-free journey contributes to an enjoyable vacation and stress-free work environment. It is impossible to elevate all the risks in life; hence every being is exposed to various threats. Therefore, travel insurance is a very convenient service to opt for in such a scenario. It gives immense relief during adverse situations and covers numerous risks such as medical expenses, physical accidents, and other unfortunate circumstances. It can act as a saviour and contribute to an untroubled journey.
