Insurance tips for worry-free trips
Should you go for an annual or a single-trip travel insurance policy? Let’s dive in.
Key takeaways:
- Single-trip plans are suitable for budget-conscious travellers who travel infrequently.
- Annual plans cover unlimited trips, but coverage is typically capped at 90 days per trip.
- Families, frequent fliers, and people who enjoy spontaneous weekend trips would benefit from an annual policy.
- Ensure that your coverage include pre-existing conditions, flight disruptions, and unexpected trip inconveniences.
Whether you are planning a family holiday, booking your solo adventure, or flying to a business conference, you need travel insurance to keep your journey seamless and worry-free. What kind of travel insurance will you need for your next getaway? While single-trip policies are the popular option among Singaporeans, the answer depends on your travel habits and preferences.
You get to benefit from a single-trip plan if...
You travel infrequently
If you travel only once or twice a year, purchasing a single-trip plan is the most cost-effective option.
You are a budget-conscious traveller
Single-trip plans typically cost less than annual plans and they frequently go on sale, allowing you to snag big savings!
You are going on a long-haul trip
Typically, annual travel plans cap the individual trip coverage at 90 days. If you are planning a longer break, a single-trip plan that covers the length of your trip is recommended.
You love high-octane adventures
Single-trip plans may let you customise your coverage to include specific sports like kayaking, scuba-diving, or skiing.
You get to benefit from an annual plan if...
You travel more than 3-4 times a year
GREAT TravelCare’s annual policy covers an unlimited number of trips a year, giving you the peace of mind that you are always covered!
You love YOLO weekend escapes
All those shopping and foodie trips to KL will be covered by your annual coverage, so you won’t have to worry about accidental food poisoning or rental car breakdowns.
You frequently combine business and leisure trips
Adding two days of sightseeing after a business trip in your favourite city? The travel insurance your company bought might not cover you for those extra days, but your annual policy would.
You want to protect your whole family
Annual, multi-trip policy coverage often extends to the policyholder’s spouse and kids. Under GREAT TravelCare’s annual policy, this coverage stays even when family members are not travelling together.
You want stress-free trips
As the motto says, set it and forget it. Instead of buying your insurance while rushing to the airport whenever you embark on a trip, you only need to secure your coverage once.
Get more out of your coverage
Still unsure if your travel policy has everything you need for a smooth, stress-free trip? Consider these factors.
Let us match you with a qualified financial representative
Our financial representative will answer any questions you may have about our products and planning.
