Allianz Travel Insurance Singapore Review: Covid-19 Coverage (2022)
Allianz Travel Insurance Singapore Review: Covid-19 Coverage (2022)
Allianz is best known to those who have existing car loans. But for the rest of us BMW customers (Bus, MRT, Walk), there seemingly aren’t too many reasons to bother with this insurance company.
But Allianz actually has travel insurance, which all of us will need at some point unless we plan to stay trapped on this island forever. Let’s see how effective their plan is at saving people from disaster while on holiday.
Contents
1. Allianz Travel Insurance: Summary
Allianz’s travel insurance is rather unimaginatively called Allianz Travel. It comes in three tiers:
Depending on the duration and the number of people travelling, you can choose between these three types of plans:
- Single trip – One trip of up to 180 days
- Annual multi-trip – Unlimited trips of up to 90 days each
- Family – Covers you and dependent children and/or family members traveling together, available for single trip and annual multi-trip
The travel insurance plan is actually underwritten by Tokio Marine. Allianz just provides all the peripheral services like customer care and claims administration.
S$ 66.88
Allianz Travel Silver
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All Plans Provide Unlimited Emergency Transportation (Includes Covid-19 Coverage)
Allianz Travel Insurance will cover you against medical costs, cancellations and curtailments due to COVID-19, or being impacted by other pandemic or epidemic, when you are diagnosed with the disease
24/7 Medical Assistance – helping you organise things like trusted medical expertise, appointments and making direct payments (to selected medical providers)
Frequent Travellers: Get covered for an unlimited number of trips with Annual Plans (up to 90 days’ duration each trip).
The Family Plan provides cover for you and the members of your family who are travelling with you on your journey. Insured persons may comprise a maximum of two adults, who need not be related. Insured persons may also include ANY number of dependents of the two named adults. Note that ALL insured persons, including dependents, must be named on the certificate of insurance.
2. Allianz Travel Insurance Coverage
Here’s what you get when you buy Allianz Travel Insurance. All quotations are pre-discount and based on a week-long trip.
| Allianz Travel Insurance | Bronze | Silver | Platinum |
| Price (ASEAN) | $49 | $76 | $115 |
| Price (Asia) | $64 | $113 | $158 |
| Price (Worldwide) | $112 | $177 | $241 |
| Overseas Medical Expenses | $200,000 | $500,000 | $1,000,000 |
| Emergency Medical Evacuation | Unlimited | Unlimited | Unlimited |
| Personal Accident (Death, TPD) | – | $100,000 | $200,000 |
| Travel Delay (reimbursement of expenses, minimum 6 hour delay) | – | $1,500 | $2,000 |
| Trip Cancellation | $5,000 | $10,000 | $15,000 |
| Baggage Delay | $500 | $1,000 | $1,400 |
| Baggage Loss/Damage (reimbursement of expenses, minimum 6 hour delay) | $3,000 | $5,000 | $7,000 |
| Outdoor Adventure | No | No | No |
| Covid-19 | Yes | Yes | Yes |
If you’ve looked at any other travel insurance plans, you might have noticed that the higher tier plans (Silver and Platinum) are pretty average compared to the higher tier plans from other insurers.
To cite some examples for comparison, AMEX travel insurance’s three plans offer $500,000, $1,000,000 and $2,000,000 worth of overseas medical expense coverage respectively. Meanwhile, Tokio Marine travel insurance’s two tiers of travel insurance offers $300,000 and $500,000 worth of overseas medical coverage.
The price point for Allianz’s plan is on the high side. Considering they don’t even cover you for outdoor adventure activities, this might not be the most value for money plan out there.