facebook4 Reasons You Should Get Travel Insurance From Insurers Over Airlines
061223_ 4 Reasons You Should Get Travel Insurance From Insurers Over Airlines

4 Reasons You Should Get Travel Insurance From Insurers Over Airlines

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Very often when you’re booking a flight, airlines will either prompt you to add travel insurance as you’re about to pay for the flight or right after you’ve paid.

Perhaps for the sake of convenience, you will just get it so you don’t have to think about it again.

However, some important aspects of these travel insurances might not be covered by airlines and you might be better off with travel insurance by a mainstream insurer.

From unexpected detours to misplaced baggage, insurance providers bring a touch of reassurance and a lot less stress to your travel stories. Because let’s face it, vacations are for making memories, not worrying about the what-ifs.

Let’s zoom in on some of the coverages offered!


TL;DR: 4 Reasons to Choose Insurer for Travel Insurance Over Airlines

While it might be convenient to purchase travel insurance from airlines, you’re advised not to overlook the activities you will be doing overseas so that you won’t miss out on important coverage.

Contrary to the belief that airlines prioritises coverage on things that are directly related to the airlines such as trip delay, trip cancellation, and loss of baggage by the airline, we found that at least Singapore Airlines and Scoot offer decent coverage for most aspects of travel insurance, but to get the level of coverage, you will need to be a KrisFlyer member.

Click here to teleport:

Disclaimer: The Information provided by Seedly does not constitute an offer or solicitation to buy or sell any insurance product(s). It does not take into account the specific objectives or particular needs of any person. We strongly advise you to seek advice from a licensed insurance professional before purchasing any insurance products and/or services.


Coverage Comparison of Travel Insurance for Insurers vs Airlines

Here’s a glimpse into Singapore Airlines and Scoot’s travel insurance to give us a sense of what’s prioritised:

BenefitsSingapore AirlinesScootSeedly Travel InsuranceDBS Chubb TravellerShield Plus
Underwritten byAllianz Insurance SingaporeMSIGHL AssuranceChubb
Trip CancellationUp to $10,000Up to $1,000$5,000 - $10,000$5,000 - $15,000
Trip Curtailment
(You have to end your trip early and need
to recover unused trip costs)
Up to $10,000Up to $1,000$5,000 - $10,000$5,000 - $15,000
Trip Incident: Early Return, Trip Continuation or Extended StayUp to $10,000Flight Diversion: $1,000 - $2,000

Flight Overbooked: $200 - $400

Travel Misconnections: $100 - $200
$1,000 - $2,500
Travel Delay Up to $1,500

$200/day (with no receipts)

$400/day (with receipts)
Up to $600$500 - $1,000$1,200 - $2,000
Lost, damaged or stolen baggageUp to $4,000 (Comprehensive) / Up to $5,000 (KrisFlyer Comprehensive)

Per item sub-limit: $500

Max. benefit for all high value items combined: $1,000
Up to $2,000

Per item sub-limit: $200

Max. benefit for all high value items combined: $500
$5,000 - $10,000
($500 per article)
$3,000 - $8,000
Baggage DelayUp to $400

No receipts sublimit (outbound travel only): $200
Up to $800$1,500 - $1,800Up to $2,000
Overseas Emergency Medical and Dental Coverage (0-64 years old)Up to $500,000 (Comprehensive)

Up to $1,000,000 (KrisFlyer Comprehensive)

Dental care sublimit: Up to $500
12 - 69 years old:
Up to $70,000

70 - 74 years old:
Up to $25,000

Below 12 years old:
Up to $10,000

Emergency Dental:
Up to $50,000

Hospital cash:
Up to $4,000 ($200/day)

Follow-up treatment in SG:
- 12 - 69 years old: Up to $5,000
- 70 - 74 years old: Up to $2,500
- Below 12 years old: Up to $1,000
$200,000 - $500,000

Follow-up treatment in SG:
- 70 and below: $20,000 - $40,000

Overseas Hospital Cash Allowance: $10,000 - $20,000
$300,000 - $1,000,000
Overseas Emergency Medical and Dental Coverage (>65 years old)Up to $125,000 (Comprehensive)

Up to $250,000 (KrisFlyer Comprehensive)

Dental care maximum sublimit: $500

KrisFlyer Comprehensive only
- Hospital cash: Up to $5,000
- Follow-up treatment in SG: Up to $5,000
- TCM: Up to $350
$50,000 - $100,000

Follow-up treatment in SG:
- 70 and below: $2,000 - $4,000

Overseas Hospital Cash Allowance: $10,000 - $20,000
Emergency TransportationUp to $300,000 (Comprehensive)

Up to $500,000 (KrisFlyer Comprehensive)

Search & Rescue sublimit: Up to $10,000
CoveredUp to $50,000
Personal Accident or Permanent DisabilityUp to $80,000 (Comprehensive)

Up to $100,000 (KrisFlyer Comprehensive)
12 - 69 years old: Up to $100,000

70 - 74 years old: Up to $50,000

Below 12 years old: Up to $10,000
70 and below: $150,000 - $300,000

Above 70: $50,000 - $100,000

Child: $10,000
$150,000 - $500,000
Personal LiabilityUp to $1,000,000 (KrisFlyer Comprehensive)Up to $500,000$500,000 - $1,000,000Up to $1,000,000
Rental Car ExcessUp to $750 (KrisFlyer Comprehensive)Not coveredNot coveredNot covered - $1,500
Personal DocumentsUp to $650 (KrisFlyer Comprehensive)Up to $1,000 (Max $300 for money)$2,500 - $5,000

Max limit for money: $200 - $300
$3,000 - $5,000
Personal MoneyUp to $650 (KrisFlyer Comprehensive)$250 - $750
HijackingCoveredUp to $2,000Up to $5,000$5,000 - $15,000
TerrorismCoveredCoveredCoveredCovered
Medical expenses whilst overseas & Emergency / Medical Evacuation and Repatriation due to COVID-19CoveredUp to $70,000Covered$50,000 - $200,000 (Add-on)
Trip Cancellation due to COVID-19Up to $1,000Covered$2,500 - $7,500 (Add-on)
Trip Curtailment/Rearrangement due to COVID-19 Up to $1,000Covered$2,500 - $7,500 (Add-on)
Overseas Hospitalisation Allowance due to COVID-19Up to $1,000 ($50/day)Covered$700 - $1,400 (Add-on)
Overseas Quarantine Allowance due to COVID-19Up to $1,000 ($100/day)Covered$700 - $1,400 (Add-on)
Other coverages-Loss of Frequent Flyer Points: Up to $500

Travel Misconnection: Up to $600

KrisFlyer Member Exclusive

- Rental Car late fees: Up to $100

- Hospital Income in Singapore: Up to $1,000

- Fraudulent credit card usage: Up to $1,000

- Additional Accidental Death and Permanent Disablement Benefit (while on Scheduled Flight): Up to $50,000

- Treatment by Physician (cost of TCM, physiotherapy,
chiropractor incurred whilst overseas): Up to $200

- Legal Expenses and Assistance whilst Overseas: Up to $300
Emergency phone charges, Adventurous activities, Double Public Transport Coverage, Child Support Grant, Child Education Grant, Overseas Funeral Expenses, Compassionate VisitAdd-on: Adventurous activities, pet care, funeral expenses, child education grant, credit card indemnity, home guard

*We have shortlisted white-labeled products for more accurate comparison

When we compare it to mainstream travel insurance, the coverage by both airlines falls short in the following aspects:

  • Emergency phone charges
  • Adventurous activities
  • Double Public Transport Coverage
  • Child Support Grant
  • Child Education Grant
  • Overseas Funeral Expenses
  • Compassionate Visit

While you might just need something super basic, it’s worth considering these aspects if you plan to do more activities including overseas hiking or scuba diving.

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Cost Comparison of Travel Insurance for Insurers vs Airlines

Based on a 7-day trip to Taipei, Singapore Airlines’ travel insurance costs $48 (for all passengers), and Scootsurance costs $44.43 per passenger.

Naturally, the more extensive the coverage, the higher the premium, and this is reflected in the premiums of both Seedly Travel Insurance and DBS Chubbs TravelShield Plus – the former costs $40.22 – $53.72 ($53.63 – $71.63) while the latter costs $40 – $60.80 (U.P. $100 – $152).

While the premiums by insurers are higher, we all know that premium is not the only thing you should be looking at when picking travel insurance, and if it costs just $10 more for more coverage, it does make financial sense to do so.

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Claim Processing of Travel Insurance

Travel insurance by airlines is underwritten by a third-party insurer, and this includes Singapore Airlines and Scoot.

For Singapore Airlines Travel Protect, you will need to visit Allianz’s claims portal.

So, if you are submitting a travel insurance claim, you will have to work directly with the underwriting company for your claims and follow the procedures and requirements for document submission.

To get a better sense of what you can do to prepare for a travel insurance claim, here’s a guide on how to do so:

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Coverage Gaps for Pre-existing Conditions

It can be rather difficult for someone with pre-existing conditions to get covered by travel insurance, but it’s possible to do so when purchasing from a mainstream insurer.

Currently, two insurers are known for providing coverage for pre-existing conditions and they are Income and FWD.

Other than that, airlines don’t typically offer this set of coverage.

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Pros and Cons of Buying Travel Insurance From Insurers And Airlines

The choice between insurers and airlines for travel insurance depends on individual preferences, travel plans, and the level of coverage desired, but if you need a starting point to weigh the pros and cons to make an informed decision that best suits your needs, here’s a summary of what you need to know:

Pros of Buying Travel Insurance from Insurers Cons of Buying Travel Insurance from Insurers
Comprehensive Coverage Potentially higher cost
Tailored policies Complexity in customisation
Dedicated support  
Flexibility  
Pros of Buying Travel Insurance from Airlines Cons of Buying Travel Insurance from Airlines
Convenience Limited coverage
Simplicity Less flexibility
Lower cost in general Gaps in coverage

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Afterthoughts

Personally, when it comes to protecting your trips, I would prefer choosing insurance from specialised providers as it offers a distinct advantage.

Unlike airline-specific coverage, comprehensive travel insurance from insurers provides broader protection, including trip cancellations, medical emergencies, and baggage loss.

Take a moment to explore your options and ensure your travel insurance suits your specific adventure, providing the peace of mind you deserve. It’s like having a travel-savvy friend who’s got your back, offering coverage beyond flight hiccups.

If you are looking to get travel insurance, you might want to consider our offering.

Seedly Travel Insurance Promotions

If you’re considering travel insurance, make sure you check out Seedly Travel Insurance!

This travel insurance is ideal for everyone, particularly families, as it automatically includes insurance protection for children without needing additional add-ons!

Built from the ground up based on what users want in a travel insurance plan, Seedly Travel insurance includes COVID-19 coverage, personal accident benefits per child, and all your travel essentials covered!

Sign up now to enjoy 50% off and an additional 5% off with promo code: ‘SeedlyCommunity‘. You’ll also receive a 3GB Airalo travel eSIM (worth US$10) and up to S$50 worth of Grab Vouchers. This promo is valid till 31 January 2024. T&Cs apply.

Plus, each plan purchase will entitle you to the following:

  • 1x chance to win a 64GB Apple iPad 10.2″ 9th Gen (worth S$508.30). This promo is valid till 31 January 2024. T&Cs apply
  • Every 88th buyer will score a Samsonite Volant Spinner 68/25 EXP worth S$480. The promotion runs from 22 Jan – 31 March 2024. T&Cs apply.
  • Huat Huat Hour Giveaway: Be the first to purchase any insurance product via SingSaver at every hour from 1pm – 8pm each day, to receive an S$88 eCapitaVoucher! The promotion runs from 8 Jan – 11 Feb 2024.

Apply Now

 

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About Hui Juan Neo
A savvy shopper and foodie at heart, I'm always on a lookout for discounts and deals to snag the best bargains.
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