Types of Travel Insurance

 

There are 3 general types of Travel Insurance Cover:

1] Per-Trip Basis – The Insured is covered from the time he/she leaves to when he/she arrives back in Singapore

2] Annual Basis – Coverage is provided for a full year, regardless of the number of trips the Insured makes (limit of each trip is 90days)

3] Family Basis – Maybe Insured under “Per-Trip” or “Annual” basis

 

Scope of Cover:

1] Personal Accident

- A lump sum is provided for accident Death or Total Permanent Disability

- Double Indemnity (pays twice the benefit for Death of Total Permanent Disability if the Insured is travelling as a fare-paying passenger in a public transport or private motor vehicle)

2] Medical & Associated Expenses

- Medical & Dental Expense (reimbursement basis)

- Hospital Confinement Benefit (additional payment if Insured is hospitalised for over 24-hours)

- Emergency Medical Evacuation & Repatriation

- Compassionate Visit, Insurer will pay for travel & accommodation expenses of 1 relative/friend of the Insured, to visit & stay with the Insured, provided:

- The Insured is hospitalised overseas for more than 5 days

- Medical condition forbids evacuation

- No adult member of his family is with him

3] Other Benefits

- Cancellation & Curtailment (Payment provided for Unforeseen circumstances)

- Personal Baggage (Covers loss/damage of baggage/effects)

- Baggage Delay (Covers delayed/misdirected luggage that occurs for more than 12-hours)

- Personal Money & Documents (Covers Robbery/Burglary/Theft of stated items)

- Travel Delay (Pays a cash benefit if departure is delayed for 12-hours)

- Personal Liability (Covers Insured’s legal liability to third-party)