Many of us pay for ourtravel expenses using our credit cards. However, do you know that we can get complimentary travel insurance from most of the credit card companies in Singapore?
Travel HANter
26 Aug 18
Most of the credit card companies in Singapore provide complimentary travel insurance. Also,the criterion is pretty simple – just pay the air tickets in full using their credit cards! Check out the table below for a quick comparison.
Bank
Credit Cards Eligible
Company that Underwrites Insurance
Coverage for Travel Accident
Coverage for Travel Inconvenience
Coverage for Medical Expenses
Citibank
a) DIVIDEND Visa Signature b) Rewards Visa Signature c) Clear Platinum Visa d) Platinum Visa e) Classic Visa f) Gold Visa g) DIVIDEND Platinum MasterCard h) Platinum MasterCard i) DIVIDEND World MasterCard j) Classic MasterCard k) Rewards World MasterCard l) Clear Visa
- Medical & Accidental Dental Expenses Incurred In Covered Trip Outside Singapore - Emergency Medical Evacuation - Repatriation
Maybank
Card Type 1: a) Classic b) Family & Friends c) Manchester United Platinum Visa d) FC Barcelona Visa e) Signature
Card Type 2: a) Gold b) Platinum Visa c) Catholic High Alumni Platinum d) Duo Platinum MasterCard
Card Type 3: a) Premier Platinum MasterCard b) Horizon Platinum Visa c) Business Platinum MasterCard d) Business Visa Platinum e) World MasterCard f) Visa Infinite g) Horizon Visa Signature
Etiqa General Insurance Berhad
Card Type 1: Up to S$300,000
Card Type 2: Up to S$500,000
Card Type 3: Up to S$1,000,000
- Flight Misconnection - Luggage Delay - Luggage Loss
- Repatriation of Mortal Remains
OCBC
a) 365 b) Visa Infinite: Voyage, Premier Voyage and Bank of Singapore Voyage
Great Eastern General Insurance Ltd
OCBC 365: Up to $200,000
OCBC Visa Infinite: Up to $1,500,000
- Flight Delay and or Flight Misconnection - Baggage Delay - Baggage Loss
- Overseas Medical Expense Reimbursem*nt
UOB
a) Visa Signature b) ONE Visa Signature c) Preferred Platinum American Express d) YOLO e) PRVI
United Overseas Insurance Ltd
Up to $500,000
UOB PRVI: - Connecting Flight Delay - Luggage Delay - Loss of Luggage
- Emergency Medical Assistance, Evacuation & Repatriation
AMEX
Card Type 1: a) Singapore Airlines KrisFlyer Ascend b) Platinum Reserve c) Platinum d) Singapore Airlines Solitaire PPS e) Singapore Airlines PPS Club f) The Platinum
Card Type 2: a) True Cashback b) Singapore Airlines KrisFlyer c) Gold d) Rewards
Chubb Insurance Singapore Ltd
Card Type 1: Up to $1,000,000
Card Type 2: Up to $350,000
- Missed Flight Connection - Luggage Delay - Loss of Luggage
-
HSBC
a) Premier MasterCard b) Advance c) Revolution
AXA Insurance Pte. Ltd
HSBC Premier MasterCard: Up to $1,000,000
HSBC Advance credit card and HSBC’s Revolution credit card: Up to $300,000
- Trip Cancellation - Flight Delay - Missed Flight Connection - Luggage Delay - Loss of Luggage
- Funeral Expenses or Repatriation of Mortal Remains
DBS
Card Type B: a) American Express Black b) Takashimaya American Express Platinum
Card Type C: a) Altitude American Express b) Altitude VISA Signature
Chubb Insurance Singapore Ltd
Card Type B: Up to $350,000
Card Type C: Up to $1,000,000
-
-
Standard Chartered
a) Rewards + Credit b) Visa Credit c) Priority Banking Visa
Allianz Global Corporate & Specialty SE Singapore Branch
Rewards + Credit Card: Up to $500,000
Visa Infinite Credit Card: Up to $1,000,000
Visa Infinite Credit Card: - Delayed Baggage - Loss of Baggage
Priority Banking Visa Infinite Credit Card: - Delayed Baggage - Pay for Accidental loss or damage to property or goods purchased via Priority Banking Visa Infinite Credit Card
Rewards + Credit Card: - Emergency Medical Assistance, Evacuation and Repatriation
Visa Infinite Credit Card: - Medical, Surgical, Nursing and Hospital Charges - Emergency Dental Treatment Expenses - Emergency Medical Assistance, Evacuation & Repatriation - Medical & Travel Assistance Services - Compassionate Visit
Priority Banking Visa Infinite Credit Card: - Medical/Dental Treatment Expenses - Emergency Dental Treatment Expenses - Emergency Medical Evacuation and Repatriation - Repatriation of Mortal Remains - Compassionate Visit - Hotel Room Accommodation for Compassionate Visit - Hotel Room Accommodation for Convalescence - Trip Curtailment
Disclaimer: The table above is for reference only. Details are correct at the time of writing but are subject to changes by the individual credit card companies. Do check with them prior to making a booking. iwastheretheotherday.com is not liable for any losses due to the information provided.
Our Pick
Our personal favorite has to be the complimentary travel insurance provided by Citibank. Almost all their credit cards are eligible and furthermore, most of the important things are covered with a very decent payout. Spouse and child(ren) are also eligible for the complimentary coverage if their airfares are charged to the card. Our only qualm would be that the insurance only covers trips that happen within six months from the date of the transaction.
Sincethe insurance provided is covered under amaster insurance policy held by the individual company, the coverage is automatic. Once the payment is done by the credit card, the insurance will be activated during the trip.
For Citibank though, the travel insurance has to be activated through here.
Details of the coverage
Click on the links below to find out more about the details of the coverage.Once again (yes yes, I’m getting very long winded), don’t forget to check with the banks for the updated coverage prior to making a booking.
HAN-dy Note: Click on terms and conditions to check for full coverage.
Drop us a comment below to let us know your favorite card to use for the complimentary travel insurance. Also, we would love to know your thoughts on whether the complimentary travel insurance is sufficient for your trip.
Credit card travel insurance is an insurance policy that is usually included with premium credit cards. While marketed as 'free' or 'complimentary', these policies are typically paid for through your annual card fees. The biggest misconception is that all credit cards come with travel insurance.
The short answer is: Yes you can. Many insurers provide policies that you can buy after you've left home for your trip. Just remember that travel health insurance that you buy after departure won't cover anything that happened before you bought the plan.
Annual multi-trip policies can be bought usually up to 90 days in advance. Cover will only begin on the start date that's stipulated in the policy. So, to ensure you're covered before you go on your trip, be sure to arrange that the policy begins on the day you buy it, or on the day you book your first holiday.
Reasonably foreseeable events. Known storms, epidemics, acts of war. Travel restrictions imposed by government authorities. Pre-existing conditions, unless the Premium plan is bought within the window for coverage.
When you pay the full price of your tickets with your valid and active Visa card, you, your spouse and dependent children under 23 years of age are each automatically covered for prepaid travel and/or lodging expenses that are not recoverable if a covered trip is cancelled due to serious illness or injury, or due to ...
With True Traveller, you can take out insurance to cover you if you've already started travelling and already overseas. The main point to note is that you can only take out the insurance on the basis that no incidents have already arisen that might give rise to a claim.
While you can certainly buy the insurance after your parents arrive in the U.S., there are several disadvantages to waiting until they arrive. In the event of a medical problem that occurs during their travels, they would not be covered if you wait until they arrive to buy insurance.
What is annual travel insurance? Annual travel insurance – also called multi-trip insurance – covers you for a full calendar year from the date the policy starts. You're covered for as many trips as you like in those 12 months, but you'll usually be limited to around 31 days per trip.
In general, it's better to purchase a travel plan from an insurance company as soon as possible after booking. However, you can still get coverage for a spontaneous trip (or a planned vacation you decided to insure at the last minute).
The average cost of travel insurance is about 3% to 5% of a trip's total value, according to quotes gathered by our research team across different travel insurance providers for various traveler profiles.
By far, the most common and often most significant travel insurance claim is for medical emergencies. A sudden illness or injury during your trip can not only ruin your plans but also cause a severe financial strain.
Unlike other aspects of your travel experience like airfares or hotel-room rates, the price of travel insurance doesn't increase the closer you get to your travel date. There's no financial penalty if you wait to buy travel insurance (except for those bonus coverages, of course).
If you've spent money on nonrefundable airline tickets, tours and hotels, you could be at a loss if something goes awry. Travel insurance covers numerous scenarios, from a medical emergency to a tropical storm. It could be particularly useful if: You've spent a lot on prepaid, non-refundable expenses.
You can purchase your travel protection plan up until the day before you depart for your trip. However, you are required to purchase your plan within 21 days of the date of your initial payments or deposits for your trip is received as an eligibility requirement for time-sensitive benefits.
Use the Visa insurance service for safe and comfortable travels. Holders of Visa Platinum, Visa Signature, Visa Infinite, Visa Platinum Business and Visa Signature Business premium cards will be automatically insured when traveling.
While it would be ideal if all credit cards provided travel insurance benefits, this simply isn't the case. Travel rewards credit cards often offer insurance, though coverage limits and types of protections vary by card. You'll generally see the highest levels of coverage with high-annual-fee travel credit cards.
If you already have some travel insurance protections (e.g., trip cancellation, trip interruption, baggage delay) from your credit card, but you feel that the limits are insufficient, consider purchasing a comprehensive travel insurance plan or a standalone travel medical insurance policy to protect you in case of ...
Introduction: My name is Nathanael Baumbach, I am a fantastic, nice, victorious, brave, healthy, cute, glorious person who loves writing and wants to share my knowledge and understanding with you.
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