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Allianz Travel Insurance: Worth A Buy?

Specializing in maximum coverage for travel inconvenience, Allianz's travel insurance plans feature a great blend of value, utility and affordability that make Allianz one of our favorite picks in the Singapore market.

Allianz Travel Insurance: Worth A Buy?

Specializing in maximum coverage for travel inconvenience, Allianz's travel insurance plans feature a great blend of value, utility and affordability that make Allianz one of our favorite picks in the Singapore market.

4.2/5.0

ValueChampion Rating ValueChampion Icon

Pros

  • Above average coverage for trip delays & cancellations and baggage issues
  • Above average value for money
  • Medical and trip inconvenience coverage for COVID-19
  • Covers cruises

Cons

  • No multi-trip coverage for the ASEAN region
  • Can be expensive
  • More exclusions than other providers

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 the average traveller in mind. Regardless of whether you purchase its lowest-tier Bronze plan or highest-tier Platinum 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 but also the most expensive
Annual Silver Plan offers great value for money
Platinum Plan offers above average trip inconvenience coverage
Provides medical and trip inconvenience coverage for COVID-19 & 24/7 emergency assistance
Provides comprehensive cruise trip coverage
Promotion: Allianz: Use code easylife for 40% off on Silver & Platinum Plans and 30% of Bronze Plans for all plans

Table of Contents

Allianz Travel Insurance: What You Need to Know

Whether you seek affordability, value or peace of mind coverage in your travel insurance plan, Allianz Travel has a option for you with its Bronze, Silver and Platinum 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. 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. Lastly, if you are planning to engage in more specialized activities while on your trip such as water or winter sports Allianz will provide coverage for equipment and missed events for the Silver and Platinum plans.

A graph comparing value of travel insurance in Singapore from all major insurers in the country, assuming a 1-week trip in ASEAN region

One drawback is that it does not offer annual travel insurance packages for ASEAN trips. Thus, if you frequently travel around the ASEAN and want to save by getting a multi-trip annual coverage plan, Allianz will not be the best fit for you. 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 may fare better with cheaper insurers like Budget Direct or Etiqa as Allianz is currently one of the most expensive travel insurers on the market.

Notable Exclusions

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 ExclusionsTrip Inconvenience Exclusions
Medical Expenses for pre-existing conditionsEngaging in sport for compensation
Pregnancy-related eventsItems taken by customs officials
Suicide and mental illnessBaggage sent separately or items left unattended
Cosmetic or elective surgery (unless necessitated by injury)Fragile articles
Travelling when you are medically unfitInability to travel due to business or contractual obligations
Metastatic or terminal illnessExtreme, high risk sports (skydiving, free-diving, personal combat, etc.)

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. Though it's one of the more expensive plans on the market due to new coverages that extend to cruise ship trips, pandemics and sports, the 56-76% above average price may potentially be a good value for people looking to travel during the pandemic. This means 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$1,000,000, compared to the S$262,061 industry average). However, its personal accident and death benefits are non-existent. 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 & BenefitsBronze Plan PriceBasic Plan Average
1-Week ASEANS$32.00S$35.00
1-Week GlobalS$64.00S$63.00
Annual ASEANN/AS$191.00
Annual GlobalS$00.00S$297.00
1-Week ASEAN Value Ratio1.770.74
1-Week Global Value Ratio1.470.70
Emergency EvacuationS$1,000,000S$550,000
Overseas MedicalS$1,000,000S$206,563
Trip CancellationS$15,000S$5,816
Trip DelayS$1,500S$785
Baggage Loss/DamageS$7,000S$3,058
Premiums & BenefitsBronze Plan PriceBasic Plan Average
1-Week ASEANS$32.00S$34.00
1-Week GlobalS$64.00S$59.00
Annual ASEANN/AS$191.00
Annual GlobalS$00.00S$297.00
1-Week ASEAN Value Ratio1.770.74
1-Week Global Value Ratio1.470.70
Emergency EvacuationS$1,000,000S$550,000
Overseas MedicalS$1,000,000S$206,563
Trip CancellationS$15,000S$5,816
Trip DelayS$1,500S$785
Baggage Loss/DamageS$7,000S$3,058

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 it to our Analyst's Picks for Best Value Travel Insurance in Singapore. While it isn't priced competitively due to the newly added COVID-19, cruise and sports coverage, the Silver plan 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, which covers the most common problems with travel. It also provides higher medical coverage than all but 3 mid-tier travel insurance plans on the market.

A 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. It also offers up to S$750 in rental car damage and theft excess coverage and up to S$650 in ID/Doc protection. Thus, Singaporeans who travel frequently out of the country for business could find the Allianz Travel's Silver plan to be a good choice.

Premiums & BenefitsSilver PlanMid-Tier Industry Avg.
1-Week ASEANS$47.20S$50.00
1-Week GlobalS$76.00S$85.00
Annual ASEANN/AS$245.00
Annual GlobalS$345.60S$356.00
1-Week ASEAN Value Ratio2.211.00
Emergency EvacuationUnlimitedS$1,000,000
Overseas MedicalS$1,000,000S$514,130
Trip CancellationS$15,000S$9,609
Trip DelayS$1,500S$1,039
Baggage Loss/DamageS$12,000S$4,913
Premiums & BenefitsSilver PlanMid-Tier Avg.
1-Week ASEANS$47.20S$50.00
1-Week GlobalS$76.00S$85.00
Annual ASEANN/AS$245.00
Annual GlobalS$345.60S$356.00
1-Week ASEAN Value Ratio2.211.00
Emergency EvacuationUnlimitedS$1,000,000
Overseas MedicalS$1,000,000S$514,130
Trip CancellationS$15,000S$9,609
Trip DelayS$1,500S$1,039
Baggage Loss/DamageS$12,000S$4,913

Allianz Travel Platinum Plan

If you want to maximise protection during your next trip out of Singapore, the Allianz Travel Platinum Plan should be on your list of travel insurance products to check out. With the most coverage for travel inconvenience as well as unlimited coverage of medical and emergency expenses, it shouldn't be a surprise that the Allianz Travel Platinum Plan has made our Analyst'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 Platinum Plan, peace of mind for common traveller problems is guaranteed.

That being said, among top-tier travel insurance plans, the Platinum Plan does not tend to offer the cheapest prices, instead costing 22-32% more than top-tier single trip plans and 116% more than top-tier annual plans. Whether this is a deal-breaker will be up to you. Nonetheless, based on our determination of value (benefits offered for the price), the Platinum 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, traveling to Thailand or the United States, going on a sports-fueld adventure or taking a relaxing cruise around Singapore.

Premiums & CoveragePlatinum PlanTop-Tier Industry Average
1-Week ASEANS$66.00S$62.00
1-Week GlobalS$103.50S$101.00
Annual ASEANN/AS$294.00
Annual GlobalS$499.50S$418.00
1-Week ASEAN Value Ratio3.091.29
Emergency EvacuationUnlimitedUnlimited
Overseas MedicalUnlimitedS$1,064,677
Trip CancellationS$25,000S$15,087
Trip DelayS$1,500S$1,426
Baggage Loss/DamageS$15,000S$7,232
Premiums & CoveragePlatinum PlanTop-Tier Industry Average
1-Week ASEANS$66.00S$62.00
1-Week GlobalS$103.50S$101.00
Annual ASEANN/AS$294.00
Annual GlobalS$499.50S$418.00
1-Week ASEAN Value Ratio3.091.29
Emergency EvacuationUnlimitedUnlimited
Overseas MedicalUnlimitedS$1,064,677
Trip CancellationS$25,000S$15,087
Trip DelayS$1,500S$1,426
Baggage Loss/DamageS$15,000S$7,232

Sports Coverage

Allianz provides a few benefits for sports coverage, although it's restricted for only the Platinum plan. However, those willing to spend on this plan may receive coverage for missed activities, owned and rented sports equipment and search and rescue. Please note that certain sports that are considered 'high-risk' like skydiving, free-climbing, personal combat, off-piste skiing and bungee jumping are not covered.

Sports Cover LimitBronzeSilverPlatinum
Missed ActivityN/AN/AS$1,500
Sporting EquipmentN/AN/AS$7,500
Sporting Equipment RentalsN/AN/AS$7,500
Search and Rescue CoverageN/AN/AS$10,000

Claims Information

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.

Contact Information
Customer Service(65) 6327 2210
24-Hour Emergency Assistance(65) 6327 2215
Claims Assistance(65) 6327 2215
Claims Email[email protected]
ClaimsOnline Claim Form

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.

BronzeSilverPlatinumIndustry Average
1-Week ASEANS$32.00S$47.20S$84.75S$48.00
1-Week AsiaS$43.20S$62.40S$102.00S$59.00
Annual AsiaN/AS$257.60S$985.73S$264.00
1-Week GlobalS$64.00S$76.00S$129.00S$83.00
Annual GlobalN/AS$345.60S$1250.93S$362.00
1 Week ASEAN Value Ratio1.251.461.841.01
Annual Global RatioN/A1.692.071.00
Personal Accident & DeathN/AS$80,000S$100,000S$261,588
MedicalS$1,000,000S$1,000,000UnlmtdS$598,140
Emergency Medical & RepatriationS$1,000,000UnlmtdUnlmtdS$772,727
Trip CancellationS$15,000S$15,000S$25,000S$10,224
Trip DelaysS$1,500S$1,500S$1,500S$1,087
Baggage Loss DamageS$7,000S$12,000S$15,000S$5,082
Baggage DelayS$1,400S$1,400S$1,400S$998
Anastassia Evlanova

Anastassia is a Senior Research Analyst at ValueChampion Singapore, evaluating insurance products for consumers based on quantitative and qualitative financial analysis. She holds degrees in Economics and International Business Management and her prior working experience includes work in the capital markets sector. Her analyses surrounding insurance, healthcare, international affairs and personal finance has been featured on AsiaOne, Business Insider, DW, Vice, Her World, Asia Insurance Review, the Australian Institute of International Affairs and more.

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