Travel Insurance

FWD Travel Insurance Singapore Review 2018

fwd travel insurance

Clara Lim

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As a typical cheapo Sinkie, I must confess to buying FWD travel insurance purely because it’s one of the cheapest travel insurance providers in Singapore.

Obviously it’s cheap because FWD is relatively new (2 years old) and unknown, but before you decide to knock it, let’s take a closer look at the FWD travel insurance plans.

 

FWD travel insurance at a glance

Travel insurance plan FWD Premium FWD Business FWD First
Price for 1 week (ASEAN) $25 $34 $44
Price for 1 week (Asia) $27 $42 $53
Price for 1 week (Worldwide) $42 $54 $73
Promotion Currently 20% off with promo code Travel20
Medical expenses (overseas) $200,000 $500,000 $1,000,000
Emergency medical evacuation Unlimited Unlimited Unlimited
Personal accident (death & TPD) $100,000 $200,000 $300,000
Travel delay ($100 every 6 hours) $300 $500 $1,000
Trip cancellation $7,500 $10,000 $15,000
Baggage delay ($200 every 6 hours) $200 $600 $1,000
Baggage loss/damage $3,000 $5,000 $7,500
Adventure activities covered? Yes Yes Yes

 

FWD travel insurance promotions

FWD is definitely one of the affordable brands and their prices are often competitive with ongoing promos (always use MoneySmart’s travel insurance wizard to get the cheapest rates!) particularly if you’re travelling beyond Southeast Asia. I mean, $27 for a week’s coverage in expensive countries like Australia and New Zealand is really quite a steal.

Plus, with such low prices you’d think they’d be stingy with discounts. It doesn’t seem that way at all – there’s currently a 20% off with the promo code TRAVEL20. That’s $20 for the cheapest plan (1 week coverage in ASEAN countries).

Here’s a link to FWD’s promotions page for future reference.

 

What does FWD travel insurance cover?

One of the best things about FWD is that they automatically cover activities like scuba diving, rock climbing and skydiving. Here’s a breakdown of common adventure sports and if they’re covered by FWD travel insurance plans:

Outdoor activity Covered by FWD?
Hot air balloon Yes
Scuba diving Yes
Skiing and other ice/snow sports Yes
Hiking or trekking Yes (up to 3,000m)
Mountaineering or outdoor rock climbing Yes
Marathons and other competitions No
Jet skiing Yes 
White water rafting Yes
Skydiving Yes
Paragliding, hang gliding or parachuting Yes
Bungee jumping Yes

The FWD policy wording doesn’t mention any sporting exclusions, with the exception of competitive sports and hiking/trekking above 3,000m. Considering that most outdoor activities are covered, their lowest tier plan (Premium) is very good value for money.

For a basic plan, FWD Premium has a pretty high trip cancellation claim limit of $7,500 (which applies for haze-related cancellation or infectious diseases like Zika and dengue too). Emergency evacuation is also unlimited.

Where FWD loses out is in the below-average travel inconvenience benefits. For example, for travel delays, you get $300 limit on delays, another $300 for missed connections and another $500 for “diversions”. It is very hard to claim the full benefit.

I can only assume it’s a measure against people over-claiming for non-critical inconveniences and bleeding insurance companies dry.

 

FWD travel insurance claim procedure

Emergency hotline: +65 6322 2072

WhatsApp claims: You can do a WhatsApp claim for travel delay or baggage delay. Send the message “I’ve a claim” to FWD Claims at +65 9128 8552. You can then WhatsApp photos of your documents.

Online claims: Log on to FWD’s Customer Portal or just fill in this FWD claim form and upload the supporting documents online.

Hard copy claims: For medical expenses and baggage loss/damage, you have to complete the online claims procedure and then mail your documents to FWD Singapore Pte Ltd (Claims Team), 6 Temasek Boulevard #18-01, Suntec Tower 4, Singapore 038986.

Things to note: Claims must be made within 30 days of the event or incident. Refer to FWD’s claims guide for what documents to submit for each type of claim. FWD will follow up to acknowledge your claim within 2 working days.

 

Conclusion: should you by FWD travel insurance?

In general, the FWD travel insurance plans are good value for money, especially beyond ASEAN (i.e. Asia and Worldwide).

It’s particularly useful for those planning to go for outdoor activities like skydiving and hot-air balloon rides – unlike some other insurance companies that claim to protect you on your travels, but sneakily classify all your planned activities as “dangerous” and therefore excluded.

Another boon is the good trip cancellation coverage. (Because the world is full of threats to your imminent holiday.) FWD Premium has an above-average benefit for trip cancellations, even if it’s due to a Zika outbreak or haze.

Maybe I have the attention span of a millennial, but when I buy insurance from FWD I don’t find it horribly tedious. I appreciate that the whole user experience is mobile-optimised, fast and relatively painless. Plus, you can make claims through WhatsApp!

The only con is the poor benefits for travel inconveniences. For some people, the low limits on travel and baggage delays, and the trouble you have to go through for claiming losses, are a major dealbreaker. If you’re travelling with expensive or important items, FWD definitely doesn’t offer enough coverage.

Looking to buy FWD travel insurance? Compare all Singapore travel insurance policies by price and coverage first.

 

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Clara Lim

I used to be MoneyDumb. I hung out at H&M every day and thought that a $50 lunch set was a good deal. These days, I spend my time researching the crap out of life and trying to maximise utility on micro-decisions. I'm not sure if that's an improvement.