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Annual Travel Insurance
Get covered if you plan to travel two or more times per year.
If you travel more than once a year, you can save some money by getting an annual travel insurance policy. Not only will it save you a few dollars, it can also save you time and hassle from having to take out a new policy each time you travel.
What is annual travel insurance?
Annual travel insurance, also known as multi-trip travel insurance, is a type of policy that can cover you for multiple trips within a 12 month period. Annual travel insurance shouldn’t be mistaken for long-term travel insurance, which gives you cover if your travelling continuously for more than six months without returning home.
A multi-trip policy is different to a single trip policy because you can travel as many times as you want, but trip durations are typically capped off at 90 days. This can vary across different brands.
What are some of the benefits of annual travel insurance?
- Cheaper than buying single trip policies. An annual policy can usually save you money if you’re taking three or more trips per year but depending on where you are going, it’s possible to save even if you only travel twice.
- Time saver. You don’t have to fill out new forms for every new trip. If you get a worldwide policy, you can be covered for domestic trips too.
- Automatic coverage. Have one less thing to think about when you’re preparing for your trip. With an annual policy, you just have to buy it once and you’ll be covered for the next 12 months (as long as each trip is no longer than the single-trip limit).
How to compare multi trip travel insurance
Before you start comparing travel insurance, there are some critical points to consider such as destinations, trip durations and age limits.
- Destinations. Just like normal travel insurance, the price you pay will depend on where you intend to go. If you’re trying to save money, you can list out specific destinations and get a premium for those places only. If you’re going for convenience, select “Worldwide” and you should be covered for all destinations – including domestic travel, and it’s really not that much more expensive for most insurers.
- Trip duration. Annual policies will only cover you for the maximum trip duration that you choose at the time you buy the policy. It can vary amongst different brands but it can range from 15 days up to 90 days.
- Age limits. Most brands have an age limit on who can take out an annual policy which is usually around the mid-70s. If you’re older you can still get cover but it might be limited to only a few brands.
Annual travel insurance covers all the same things as a single-trip policy. This means you can expect cover for:
- Cruise cover. Some annual travel insurance policies automatically include cruise cover in their policies. If you plan to go on a cruise during one of your trips, go for a policy that includes these services.
- Medical expenses, including evacuation. If you get sick or injured while overseas, your policy will cover the cost of your ambulance, hospital bed, surgery fees and evacuation to the nearest hospital (or back to Singapore if necessary). Most annual policies offer unlimited medical for international trips, which helps with peace of mind knowing you’re covered no matter where you go.
- Additional emergency expenses. This covers the additional travel and accommodation expenses related to emergencies outside of your control, like becoming medically unfit to travel or the unexpected death of a close relative back home. Many policies will also pay for someone in Singapore to travel to you if you’re hospitalised overseas.
- Cancellation fees and lost deposits. This covers your non-refundable pre-paid travel expenses and any cancellation fees if you have to cancel your trip due to unexpected events outside of your control.
- Luggage and personal belongings. Covers the repair or replacement costs for luggage and personal items are lost, stolen or damaged during your trip. Some policies will pay you an emergency allowance to help you purchase essential clothing and toiletries if an airline temporarily misplaces your luggage.
- Travel delay. This pays for unexpected meal and accommodation costs when your flight or other prepaid transportation is rescheduled or delayed for a significant amount of time.
- Rental vehicle excess insurance. This brings down the unreasonably high excess car rental companies charge if you damage one of their cars. Some policies offer this for free. Others charge extra for it.
- Personal liability. This pays your legal fees and penalties if you accidentally injure someone or damage their property while travelling.
What’s not included?
All policies have a list of exclusions, which outlines what your policy won’t cover and what situations will void your policy. Here are some of the most common exclusions you’ll find:
- You’re travelling somewhere there’s a travel warning. The Singaporean Government issues advisories for a reason. If you choose to travel to these countries and ignore these warnings, your insurance will be invalid.
- You don’t take care of your belongings. Your insurer won’t pay for lost items if you weren’t careful with them. This includes leaving your luggage or valuables unattended or leaving your hotel room unlocked.
- You’re taking part in extreme or dangerous activities. Most policies won’t cover extreme sports or other dangerous activities such as base jumping or mountaineering.
You were acting recklessly. Your insurer can deny your claim if they find you were acting recklessly at the time. This can include being drunk, being high, breaking the law or putting yourself in harm’s way.
- Illness or injury from pre-existing conditions. If you fail to disclose any pre-existing conditions, your insurer could deny medical claims if they think the new injury or illness is related.
- You’re pregnant. Most policies will not cover childbirth at all and they’ll stop covering pregnancy-related complications up to a certain point in the pregnancy (varies from insurer to insurer). However, they will cover all unrelated medical conditions like a broken wrist for the duration of the trip.
Frequently asked questions
Are cruises covered under an annual travel insurance policy?
Some insurers automatically offer cruise cover but most don’t. If you’re going for a cruise, you’ll most likely need to add cruise cover to your policy for an additional fee.
Can I get a family annual travel insurance policy?
Yes, there are some insurers that offer multi trip travel insurance policies for families.
If I have a family annual travel insurance policy, am I covered if I travel alone?
It will depend on your provider. However, as long as you’re named on the insurance document you’ll generally be covered if you travel separately.
I mostly travel for business. Is there any point to buying an annual policy?
Absolutely! Business cover is usually included in an annual frequent travel insurance policy, which means it doesn’t matter whether you are travelling for business or going on a holiday.
However, insurers usually won’t pay any medical bills that’s already covered by your employer’s worker’s compensation policy. Some policies will also exclude manual labour from cover.
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