Choosing which travel insurance is best in Singapore requires careful evaluation of coverage, costs, and provider reliability. As a licensed insurance broker in Singapore, PCMI has analyzed the top providers to help you make an informed decision for your 2025 travels.
Top Travel Insurance Providers in Singapore 2025
1. AIG Travel Guard
Best for: High-risk destinations and comprehensive coverage AIG leads with medical coverage up to S$2.5 million, making it ideal for travelers visiting countries with expensive healthcare systems like the USA or Japan. Business travelers particularly value their extensive global network and reliable claims processing.
2. FWD Travel Insurance
Best for: Budget-conscious travelers FWD offers Singapore’s most affordable travel insurance starting from S$4 per day for short Southeast Asian trips. Despite competitive pricing, their plans include unlimited emergency medical evacuation coverage across all tiers.
3. NTUC Income Travel Insurance
Best for: Families and comprehensive benefits Income stands out by covering children free under family plans and offers Enhanced PreX coverage for pre-existing medical conditions. They’re also the only insurance broker approved provider allowing policy purchases up to one day after departure.
4. MSIG TravelEasy
Best for: Adventure enthusiasts
MSIG automatically includes coverage for adventure activities like scuba diving, hiking, and winter sports without additional fees. Their S$1 million emergency evacuation limit provides excellent protection for high-risk activities.
5. Allianz Travel Insurance
Best for: Fast claims and business travelers Known for efficient claims processing and flexible single-trip or annual multi-trip options. Their worldwide coverage and premium customer service make them popular among frequent business travelers.
2025 Cost Analysis
Travel insurance costs in Singapore vary significantly based on destination and coverage level:
- Southeast Asia trips: S$4-8 per day
- Worldwide coverage: S$8-15 per day
- Annual multi-trip plans: S$200-500 yearly
- Current promotions: Up to 60% discounts available
Licensed insurance brokers like PCMI can help secure better rates through multiple insurer relationships, often providing additional savings compared to direct purchases.
Essential Coverage Features for 2025
Medical Coverage: Minimum S$150,000 recommended, with higher limits for expensive destinations COVID-19 Protection: Essential for pandemic-related medical costs and quarantine expenses Emergency Evacuation: Unlimited or minimum S$1 million coverage Trip Cancellation: Covers non-refundable expenses for covered reasons
Making the Right Choice
Working with a licensed insurance broker provides access to multiple insurers and tailored advice based on your specific travel patterns. PCMI’s expertise helps clients navigate policy exclusions, compare coverage limits, and identify the most suitable provider for their needs.
Key Takeaway: The best travel insurance depends on your destination, activities, and budget. Consider medical coverage limits, emergency services, and provider reputation when making your decision.
