INSURE RIGHT NOW (SINGAPORE)

There is a wide range of benefits offered under travel insurance. These can also vary among insurance companies and by plans in terms of limits / excess, definition and insured perils. Most comprehensive travel insurance would offer main benefits such as Personal Accident, Medical Expenses (overseas and in Singapore), Trip Cancellation and Curtailment, Travel Delay and Emergency Medical Evacuation.

 

These main benefits are explained briefly below:

 

i) Personal Accident covers accidental injuries which result in death or permanent total disablement.

 

ii) Medical Expenses reimburse the cost of medical treatments (inpatient and outpatient) while you are overseas and follow-up treatments when you return to Singapore.

 

iii) Trip Cancellation and Curtailment (i.e. situations defined as per policy that result in you having to abandon or change your original travel plans) will reimburse you on the nonrefundable and irrecoverable portions of prepaid travel expenses, subject to the insured perils of each insurance company.

 

iv) Travel Delay will pay a cash benefit usually in every block of X hours of delay in the departure of the scheduled public conveyance, subject to

 the insured perils as defined in the policy wording (e.g. the insurer will pay $100 for every 6 hours of delay).

 

v) Emergency Medical Evacuation will reimburse the cost of transportation incurred while overseas as a result of serious injury / sickness. It is usually a requirement in the policy that the insured contact the company named by the insurer for assistance, e.g. International SOS or Mondial Assistance.

 

vi) Loss or Theft of Personal Possessions will reimburse you for the loss of your possessions such as baggage, travel documents and money.

 

Note: Do note that benefits and scope of coverage might be limited to certain conditions or situations. For instance, the insurer might cover a claim for loss of baggage / personal belonging only if the loss was due to theft or burglary. Hence, it is important to read the policy wording which lays out the benefits, scope, limitations and exclusions of the insurance policy to ensure that the purchased policy meets your needs.