What is Travel Insurance

travel insuranceWhat is Travel Insurance?

Is Travel Insurance Really Necessary?

Travel is already expensive enough, isn’t it? The cost of air fare, cruises, hotels, ground transportation, food and activities and entertainment are already high enough. Some will be thinking that after working so hard for the money, keeping as much of the money in the pocket before traveling is their priority.

So, is travel insurance a necessity or a luxury? Why not cut a few corners here and there. Why buy something if it’s not really needed?

Did you know that if you get sick or are injured while traveling abroad, your Singapore medical plan eg Medishield or company’s medical plan are not usable. There are many stories about getting medical treatment on some countries, eg. USA and experience the bills to hit few hundred thousands are not uncommon. You will be responsible for the difference, unless you have already purchased travel insurance. In fact, you may not even be admitted into hospitals in some countries without proof that you have health or medical insurance.

Therefore, before going abroad, you need to make sure that you are adequately covered by travel medical insurance that won’t break your budget. You should check to see if appropriate coverage is already available to you through your medical plan, employee benefits, or even through a credit card. However, in most cases, most coverages are inadequate or non-existent.

Good news !

In appreciation to our loyalty online customer, Singapore Travel Insurance .net will be offering special promotion for travel insurance plans from Nov 2011 onwards. All discounted plans are original AIG Travel Insurance with all features benefits remain unchanged as stated in brochure ! Actual date is to be confirm, so please do signed up our RSS feeds here so that you could be the first to be informed once we announce the discount commence date and discounted rate online. We are confident that you will be happy with the discount rate for this festival seasons !

How Much Can You Expect To Pay?

So how much will it cost you? Not as much money as it will cost you if you get sick or injured abroad and you don’t have any travel insurance coverage! That’s the obvious answer to the question. You may take a look at our Premium Table here.

More Guides on Selecting the Right Coverage
To assist you in your planning for a stress free holiday, here are some suggestions :

  1. Consider the worst-case scenario. If you can financially withstand the worst-case scenario then maybe you don’t need travel insurance or maybe you don’t need a comprehensive policy.
  2. Make sure the policy you are considering provides adequate medical/dental coverage, including medical evacuation coverage just in case you need medical care in a place where the best treatment available is below the standards you are accustomed to in your country. This can happen if you fall ill in a developing country or even on a cruise ship. For eg, it is suggested to get the maximum coverage AIG Premier Plan when traveling to country with high medical cost – eg. USA, Europe.
  3. Check your existing insurance policies for possible coverage. There is no sense in paying more for what you already have in your homeowner or tenant policy, such as theft and loss coverage. However, as mentioned earlier, in most cases, all personal and company medical coverage usually are not extended to oveseas ; even it is, in most cases, it is inadequate when comes to the medical coverages.
  4. If you are a frequent traveler, you should consider annual or year-round travel insurance policies. Sometimes they are called multi-trip travel insurance policies. Whatever the name, these policies can be relatively cheap when compared to single-trip travel insurance policies. Though we are not offering any discount on our annual plan due to the rates are already on a very minimal amount, annual plan are activated without you informing us. It is covered automatically whole year round for AIG Annual Travel Insurance.
  5. Know what you are buying, so read the fine print. Make sure that you understand what the company considers to be a legitimate reason for cancellation or interruption. If the list is too restrictive, maybe you should consider another policy. You may download Travel Guard eBrochure here.
  6. Don’t buy the insurance through your transportation provider. If the airline goes bankrupt, how adequate will your insurance coverage be?

The best journey starts with the peace of mind that comes from knowing that you and your family are insured by one of the best travel insurance in Singapore – AIG Travel Guard at this attractive discounted premium.

Bon voyage!

Singapore Travel Insurance Promotion

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