I have a love-hate relationship with travel insurance – it’s the umbrella I know I should bring out, yet am always tempted to leave at home. Whether or not you should get travel insurance is up to you, but if you’ve already decided that you want it, there are actually several ways you can save money on it, such as travel insurance promotions.
After over a decade of blessed travel luck, my family decided to switch from the most expensive and comprehensive plans to the basic one two years ago. AND… you guessed it: My mum had an unfortunate fall and fractured her arm in Beijing. We ended up paying a lot for not just the first A&E visit, but the surgery and follow-up physiotherapy sessions too. Most of it was out of our own pockets, so needless to say, we’re back on the bao ga liao plans.
But I’m sure you’ve heard other similar horror stories from your friends, friend’s friends, and your sister’s boyfriend’s cousin’s friend.
Single-trip travel insurance in Singapore typically cost around $25+ for basic plans and up to $100+ for the most comprehensive ones. Here are the latest travel insurance promotions in Singapore.
- Credit cards with complimentary travel insurance promotions
- Travel insurance promotions & discounts 2018
- Other tips to save on travel insurance
Credit Cards with Complimentary Travel Insurance Promotions 2018
Let’s start with the free stuff first – complimentary travel insurance promotions when you charge your return flights to your credit card.
|Credit card||Underwriter||Free coverage||Promotion|
|DBS Altitude||Chubb||Travel personal accident coverage only||Promotion details Policy document|
|OCBC 365 & VOYAGE||Great Eastern||Travel personal accident, travel inconveniences and medical coverage||365 Card: Promotion details
Policy document VOYAGE: Promotion details
|AIG||Basic travel personal accident, travel inconveniences and medical coverage||Promotion details
Needs to be activated here
Advance Visa Platinum, Visa Platinum or HSBC’s Revolution cards
|AXA||Personal accidental coverage||Promotion details Policy document|
|AXA||Travel inconveniences coverage||Promotion details Policy document|
|UOB PRVI Miles cards||UOI||Basic travel personal accident and travel inconveniences coverage||Promotion details
|Etiqa||Basic travel personal accident and travel inconveniences coverage||Promotion details Policy document|
Most credits cards in Singapore offer free travel insurance coverage for cardholders. However, to qualify, you typically need to charge to return air fares to your credit card. Do note, however, that the coverage scope and amount is usually quite limited. The DBS Altitude free travel insurance coverage, for example, only covers personal accidents and not travel inconveniences (flight cancellations, baggage loss / delay, etc).
This is more for the #YOLO travellers who don’t really care about getting insured, and see the coverage as a bonus.
Travel Insurance Promotions 2018
If you prefer more comprehensive coverage, the free credit card coverage is not for you. You’ll probably need to purchase a separate travel insurance plan – you can do so online, but always search for promo codes first. Here are the current discounts:
|NTUC Income||35% off single-trip plans
Free haversack (first 200 customers)
10% off annual plans
|20 May 2018|
|MSIG||60% off single-trip plans||18 May 2018|
|POSB/DBS||50% off single-trip plans
20% off annual plans
|31 July 2018|
|AIG||20% off single-trip plans with promo code SAFRA20 + $10 Takashimaya voucher
(Safra members only)
|30 June 2018|
|FWD||20% off annual plans with promo code TRAVEL20 + $50 Ez-link card||18 May 2018|
|Aviva||No current promotions|
|OCBC||50% off single-trip plans (1 pax)
55% off single-trip plans (>1 pax)
25% annual plans
|30 June 2018|
|Citibank||No current promotions|
|Great Eastern||50% off Travel [email protected] single-trip plans with promo code GE110S
10% off Travel [email protected] annual plans with promo code GE110A
|18 July 2018|
|Etiqa||60% off single-trip plans
40% off annual trip plans
with promo code TRAVEL60
|17 June 2018|
|HL Assurance||55% off single-trip plans + ChangiWiFi discount & voucher
40% off annual plans + ChangiWiFi discount & voucher
|31 May 2018|
|Chubb||50% off single-trip plans
10% off annual trip plans + free American Tourister luggage
|18 May 2018|
|Amex||35% off single-trip plans
$30 – $150 shopping vouchers with annual plan purchases
OR free Samsonite luggage
|15 June 2018|
Note: Many of the current promotions were for Mother’s Day 2018, and have since expired.
NTUC Travel Insurance Promotions 2018
NTUC income is holding a mid-year sale, offering 35% off their single-trip and 10% off their annual plans. It’s ending on 20 May though, so be quick. Read our review of NTUC travel insurance.
MSIG Travel Insurance Promotions 2018
MSIG is having a 60% off sale, but it ends 18 May. Check back for updates on more promotions! Read our review of MSIG travel insurance.
AXA Travel Insurance Promotions 2018
AXA is having 45% off their single trip plans, but unfortunately it ends 17 May. Check back for updates on more promotions! Read our review of AXA travel insurance.
POSB/DBS Travel Insurance Promotions 2018
As mentioned, their complimentary credit card travel insurance is quite limited, so if you’re interested in their other plans, book before mid-year to score 50% off single-trip plans and 20% off annual plans. Read our review of POSB/DBS travel insurance.
AIG Travel Insurance Promotions 2018
AIG has no general promotions, but is currently running a special for SAFRA members. If you’re a member, you can get 20% off single-trip plans with the promo code SAFRA20. It also comes with a $10 Takashimaya voucher. Read our review of AIG travel insurance.
FWD Travel Insurance Promotions 2018
FWD’s latest travel insurance promotion is 20% off annual plans + a free $50 EZ-Link card with promo code TRAVEL20. Unfortunately you only have till 18 May to snap it up. Check back for updates on more promotions! Read our review of FWD travel insurance.
Aviva Travel Insurance Promotions 2018
Unfortunately, Aviva is not currently running any promotions. Check back for updates! Read our review of Aviva travel insurance.
OCBC Travel Insurance Promotions 2018
OCBC’s running a relatively attractive promotion from now until 30 June, especially if you’re travelling in a group. Solo travellers get 50% off single-trip plans, while groups get 55% off single-trip plans (>1 pax). There’s also 25% off annual plans. Read our review of OCBC travel insurance.
Citibank Travel Insurance Promotions 2018
Unfortunately, Citibank is not currently running any promotions. Check back for updates! Read our review of Citibank travel insurance.
Great Eastern Travel Insurance Promotions 2018
Great Eastern is having 50% off single-trip and 10% off annual Travel [email protected] plans with promo codes GE110S and GE110A. Valid until 18 July. There is no promotion for the TravelSmart Premier. Read our review of Great Eastern travel insurance.
Etiqa Travel Insurance Promotions 2018
Enter TRAVEL60 at the booking page to get 60% off single-trip plans and 40% off annual trip plans! You can also apply for free in-flight insurance with up to $300 flight-delay benefit. Valid until 17 June 2018. Read our review of Etiqa travel insurance.
UOB Travel Insurance Promotions 2018
UOB recently had 25% off single-trip plans and 10% off annual plans, but it ended 17 May. Check back for updates on more promotions! Read our review of UOB travel insurance.
Hong Leong Travel Insurance Promotions 2018
HL’s promotion is slightly different from the others, and will benefit those who want to get overseas internet connectivity: From now till 31 May 2018, you can get 7% off ChangiWiFi and ChangiWiFi vouchers ($3 & $5) on top of the 55% off single-trip plans and 40% off annual plans.
Chubb Travel Insurance Promotions 2018
Get 50% off single-trip plans and 10% off annual trip plans + free American Tourister luggage. This promotion ends 18 May, but do check back for updates on more promotions!
AMEX Travel Insurance Promotions 2018
Choose between a free Samsonite luggage, or 35% off single trip plans! for annual plans, there is no discount, but you can get free shopping vouchers ($30 – $150). Valid until 15 June 2018. Read our review of Amex’s travel insurance.
HSBC Travel Insurance Promotions 2018
HSBC’s latest promotion was 30% off single-trip plans and free luggage tag for annual plans, but it ends 17 May. Do check back for updates on more promotions!
Other travel hacks to save on travel insurance
Buy it as soon as you book your flights
Buying your travel insurance as soon as you confirm your flights is great because you’re immediately covered for any possible pre-trip hiccups. Examples include natural disasters, flight cancellations, etc. Every minute you wait is a risk!
Get an annual plan
If you travel more than 5 to 6 times a year, it may be more cost-efficient for you to opt for an annual plan. Single-trip premiums are always less value-for-money, but in order to get the bang for your buck you really do need to travel quite frequently.
ALWAYS read the T&Cs
Travel insurance is tricky because while every policy is somewhat similar, the differences lie in the nitty gritty details that can only be found in the depths of wordy T&Cs. For example, always check that you’re not paying extra to insure trip costs that are already refundable. For instance, if your flight is refundable and you already got a flight voucher for its cancellation, your insurer does not need to reimburse it. Also, if you’re getting opt-in coverage from an airline, make sure you read the T&Cs and agree with the level of coverage.
Double check – you might not need additional coverage
Add-on coverage – like for winter sports, high value items, etc – are always chargeable, and increases the total price of your premium. So always double check to make sure you only pay for additional coverage that you need.
For instance, if you’re going on a self-drive holiday, you might be thinking of adding on car rental coverage. But before doing that, check with your preferred car rental company – most of them come with some extent of insurance to cover their rentals, so if you’re satisfied with that, you might not need to pay for your own.
Buy in a group
Lastly, certain insurers offer added discounts for group policies. If you’re travelling together and will be engaging in the same activities throughout, you’ll probably be getting very similar travel insurance plans anyway – might as well combine it for greater savings.
What’s been your experience with travel insurance? Tell us in the comments below!
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Tags: Travel Insurance