It has been a norm that during the NATAS Fair periods (February and August), all travel insurance companies and banks will all gear up to promote their travel insurance policies, offering greatest discounts ever. AIG and Tenant are the two anchor travel insurance companies participating at the NATAS Fair event, while others promote their travel insurance online.
Getting a travel insurance plan is easier than ever with plenty of flexible plans (from basic coverage to superior coverage) to choose from that can be bought online with a few clicks. With more people travelling the world nowadays, the likelihood of a mishap occurring is higher than ever. Rather than pay a hefty price later, wise travellers understand the need to fork out a smaller amount on travel insurance before their trip, to give them a peace of mind.
However, to better understand travel insurance benefits coverage and to find the right promotion and deal, take time to research. The best timing to get a cheap travel insurance is during the NATAS travel fair period – either head town to NATAS Travel Fair 2015 at Singapore Expo or check out these exclusive online travel insurance promotions in conjunction with NATAS fair:
ACE Travel Insurance
Plans are differentiated based on location, so a basic plan (Malaysia, Batam and Bintan) costs significantly less than an Asia plan. Basic plans begin at $8. The annual plan is suitable for regular travellers, and individual trip limit is capped at 90 days for an unlimited number of trips. The best thing about Chubb travel insurance is you can buy now and travel later (6 months from the purchase date).
OCBC Travel Insurance: TravelWise
TravelWise has a similar promotion – purchase a plan before 31 December and receive a 25% discount off single trips and 15% off annual plans. Premiums are underwritten by Great Eastern, and coverage for accidental death and disablement can go up to $300,000. The plans are also differentiated based on location, but aren’t as detailed – you will pay the same price even if you go to Kuala Lumpur or Tokyo. However, there are two kinds of plans, ValueWise and SupremeWise which offer basic and comprehensive coverage respectively. Premiums begin at $24.
DBS Travel Insurance: TravellerShield
Easily purchasable at DBS ATMs, DBS’ plans are underwritten by MSIG Insurance. A current promotion offers a discount of 25% on single trips + a gift (Adidas sling organiser worth S$25) and a 15% discount on annual plans + a gift (OTO e-Shape worth S$198). Premiums begin at $23.80.
UOB Travel Insurance: Insure & Travel
UOB Travel Insurance can only be purchased with UOB Credit/Debit cards, which is a disadvantage for non-cardholders. Plans, like ACE, are differentiated based on specific locations, with separate plans for ASEAN and Asian travel. Annual plans are also split based on Asian and international travel. Premiums begin at $28.