With its emphasis on providing high-value solutions for customers no matter their budgetary or coverage needs, Allianz Travel shows its set of travel insurance packages to be designed with a wide audience in mind. It doesn't hurt that no matter if you purchase its lowest-tier Bronze plan or highest-tier Gold plan, Allianz Travel offers industry-beating coverage in the area most travellers actually need the most: travel inconvenience benefits.
|Summary of Allianz Travel Insurance|
|Some of the highest value plans on the market|
|Annual Silver Plan offers great value for money|
|Gold Plan offers above average trip inconvenience coverage|
|Restrictive with sports and other activities|
|Promotion: 48% off Gold Plans; 28% off Silver & Bronze Plans for all plans|
Table of Contents
- Allianz Travel Insurance: What You Need to Know
- Sports Coverage
- Claims Information
- Summary of Coverage and Benefits
Allianz Travel Insurance: What You Need to Know
Whether you seek affordability, value or coverage in your travel insurance plan, Allianz Travel has a option for you with its Bronze, Silver and Gold tier policies. All three of these plans offer among the greatest value within their pricing brackets based on the benefits provided for the cost.
People who care most about being reimbursed for travel inconvenience such as trip cancellations or delays and lost baggage will gain a lot from Allianz, as it offers some of the highest levels of trip inconvenience coverage. As the majority of travel insurance claims are travel inconvenience-related, this means that Allianz Travel's insurance plans tend to be designed to protect you where it's most likely you'll need help. Other notable benefits include terrorism coverage, as well as coverage in case your travel agency becomes insolvent. Allianz also has an internal medical team of doctors and air ambulances to make sure you are covered in case of emergency evacuation or medical assistance, an assurance that not many competing insurers can boast.
If you are planning to engage in more specialized activities while on your trip such as water or winter sports, bungee jumping or a destination wedding, Allianz does not offer benefits in these areas. It also does not offer annual travel insurance packages for the Bronze tier. Thus, you will either have to find a cheaper annual plan, or opt for Allianz's Silver or Gold plan. Allianz Travel also offers very little in the way of personal accident or death benefits compared to other insurers. If this is a feature you care deeply about, there are other plans out there that offer substantially more coverage. Finally, cost-conscious consumers who travel outside ASEAN to other parts of Asia and around the world may fare better with insurers like Budget Direct, Etiqa or FWD as they are cheaper.
Allianz has quite a comprehensive list of exclusions with over 40 general exclusions and other benefit-specific ones. You won't be covered a variety of sports activities like skiing, trekking and open-water sailing. You also won't be covered if you have to shorten your trip relating to death, injury or sickness of anyone who lives outside of Singapore. You also won't be covered for the usual exclusions like pre-existing conditions, pregnancy, mental disorders and deterioration. It is highly recommended to read the policy wording to see what is included under each benefit.
|Medical Exclusions||Trip Inconvenience Exclusions|
|Medical Expenses for pre-existing conditions||Engaging in sport for compensation|
|Pregnancy-related events||Items taken by customs officials|
|Suicide and mental illness||Baggage sent separately or items left unattended|
|Cosmetic or elective surgery (unless necessitated by injury)||Fragile articles|
|Travelling when you are medically unfit||Inability to travel due to business or contractual obligations|
|Metastatic or terminal illness||Pandemics or epidemics, unless otherwise stated|
Allianz Travel Bronze Plan
Compared to other entry-level travel insurance plans in Singapore, the Bronze plan provides a level of coverage that's far from basic at a near-unbeatable value (especially taking into consideration the average promotion value of 50%). Though it tends to be among the cheapest for trips within the ASEAN region, whether you're going for a long weekend or for a summer holiday, it offers great value due to its above average coverage. However, it tends to be a little less cheap for trips in other parts of Asia or globally, so if you are looking to save as much money as possible on travel insurance, you may be better off with even cheaper plans like Budget Direct or Etiqa.
Of all the budget travel insurance plans we studied, Allianz Travel Bronze offers the most coverage for general travel inconvenience, which includes disruptions like delayed or cancelled flights and lost or delayed baggage. Not only that, but it also provides the most coverage for medical expenses (S$400,000, compared to the S$262,061 industry average), whether you're travelling for 1 or 2 weeks, to Kuala Lumpur or to Paris. Overall, Allianz Travel Bronze offers unbeatable value at an affordable price, and as such is a versatile choice for travellers who seek reassurance, while not breaking the bank.
|Premiums & Benefits||Bronze Plan Price||Basic Plan Average|
|1-Week ASEAN Value Ratio||1.72||0.62|
|1-Week Asia Value Ratio||1.47||0.67|
|1-Week Global Value Ratio||1.37||0.65|
|Total Medical & Personal Accident||S$435,000||S$411,000|
|Total Trip Inconvenience||S$19,900||S$10,500|
Allianz Travel Silver Plan
Among all the travel insurance plans we analyzed, Allianz Travel's Silver plan stands out from the pack for its attractive combination of price and benefit. In fact, the Silver plan made our 2018 Editor's Picks for Best Value Travel Insurance in Singapore. The Silver plan, while priced competitively, may not be the cheapest mid-tier plan on the market (unless you're travelling to an ASEAN country, in which case it does tend to offer very cheap prices). However, the Silver plan makes up for its average pricing by offering the most coverage on the market for trip inconvenience, the most common problem travellers face. It also provides higher coverage for medical expenses than all but 3 mid-tier travel insurance plans we studied.
Compared to the Allianz Travel's Bronze plan, the Silver plan offers substantially more coverage in nearly every aspect. For example, it provides 50% more coverage for trip cancellations and even doubles the Bronze plan's coverage of personal accident and medical expenses. But what may be surprising is that depending on the duration of your trip, it may cost a trivial amount to upgrade your plan to Silver. For example, it can cost as little as approximately ten dollars to upgrade from Bronze to Silver for a 1-week trip to anywhere in the world. The prices you're quoted will differ depending on the particular circumstances of your trip, but it could be well worth looking into to see just how little it could cost you for significantly greater peace of mind.
Another distinction between the Allianz Travel Bronze and Silver plans is that Allianz Travel Silver offers annual travel insurance policies, which are optimal for the frequent flyer who may find himself travelling more than 3 to 5 times a year. Singaporeans who travel frequently out of the country for business could find the Allianz Travel's Silver plan to be a good choice.
|Premiums & Benefits||Silver Plan||Mid-Tier Industry Average|
|1-Week ASEAN Value Ratio||1.46||0.88|
|1-Week Asia Value Ratio||1.35||0.89|
|1-Week Global Value Ratio||1.56||0.91|
|Total Medical/Personal Accident||S$1,080,000||S$819,600|
|Total Trip Inconvenience||S$29,900||S$16,700|
Allianz Travel Gold Plan
If you want to maximise protection during your next trip out of Singapore, the Allianz Travel Gold Plan should be on your list of travel insurance products to check out. With the most coverage for travel inconvenience of any travel insurance plan in Singapore as well as unlimited coverage of medical and emergency expenses, it shouldn't be a surprise that the Allianz Travel Gold Plan has made our 2019 Editor's Picks for Travel Insurance with the Best Coverage Benefit. While this plan wouldn't be the best pick for travellers with a limited budget, there's no doubt that with the Allianz Travel Gold Plan, peace of mind is guaranteed.
That being said, among top-tier travel insurance plans, the Allianz Travel Gold Plan does not tend to offer the cheapest prices, instead tending to be priced close to the industry average. Whether this is a deal-breaker will be up to you. Nonetheless, based on our determination of value (benefits offered for the price), the Allianz Travel Gold Plan tends to offer the most bang for your buck of all top-tier travel insurance policies, whether you're planning a long trip or short trip, or traveling to Thailand or the United States.
|Premiums & Coverage||Gold Plan||Top-Tier Industry Average|
|1-Week ASEAN Value Ratio||1.84||1.09|
|1-Week Asia Value Ratio||1.73||1.32|
|1-Week Global Value Ratio||2.02||1.28|
|Total Medical/Personal Accident||S$3,100,000||S$1,639,000|
|Total Trip Inconvenience||S$42,900||S$26,200|
Allianz has pretty strict restrictions when it comes to sports coverage. You won't be covered for sailing, hunting, playing polo, mountaineering, skiing, rock climbing (other than hiking), parachuting or hang gliding. You do however, have a golf advantage cover that provides coverage for damaged or lost golf equipment that is in checked luggage.
Allianz has an online claim portal allows customers to submit and file their claims online easily. If you have problems uploading your claim you can call or email for assistance. If you are claiming for medical or dental expenses, you still have to send original copies of your supporting documents and an acknowledgement email to the address in the table below.
Summary of Benefits and Coverage
With so many options for travel insurance plans in Singapore, it's no wonder that picking the right one when planning your next business trip holiday can seem a daunting task. To help make your decision easier, our team at ValueChampion surveyed the scene to figure out which companies offer the best travel insurance plans. Below you'll find a summary of Allianz's premiums and benefits, as well as how they compare to the industry average. If you'd like to learn more, please consider reading our list of the best and cheapest travel insurance plans in Singapore.
|1 Week ASEAN Value Ratio||1.25||1.46||1.84||1.00|
|Annual Global Ratio||N/A||1.69||2.07||1.00|
|Coverage Benefits (S$)||Bronze||Silver||Gold||Industry Average|
|Personal Accident & Death||S$35,000||S$80,000||S$100,000||S$329,300|
|Emergency Medical & Repatriation||S$500,000||Unlmtd||Unlmtd||S$767,600|
|Baggage Loss Damage||S$7,000||S$12,000||S$15,000||S$5,700|