Travel insurance options for families with children in Singapore

The holiday season is rapidly drawing near and for many Singapore families, that means going on an extended family holiday. However, some parents tend to overlook the importance of having travel insurance plans.

It is important that families remember to take out a travel insurance policy during their travels. While travel insurance policies do not always provide similar benefits, it is essential to analyse the available options before finally choosing the one that best suits your family.

There are a variety of options that you and your family can choose from. Below are some travel insurance options that are available in Singapore for families with children.

DBS TravellerShield

This travel insurance cover is ideal for families that take trips which involve extreme sports. The package covers activities such as bungee jumping, paragliding, skydiving, snowboarding, skiing, jets skiing, hot air balloon-riding, mountaineering and helicopter riding among others. The fact that it supports such sports activities makes it an appealing insurance option for families.

This travel insurance package is available in platinum and premium plans. Imagine if you had an insurance cover that makes sure you do not lose all your money after cancelling a trip after already purchasing the tickets. The DBS TravellerShield has that option, making it extra appealing.

NTUC Income Travel Insurance

The fact that the NTUC Income Travel Insurance offering does not have a limit to the number of children that can be included is one of its most appealing features, especially for prominent families.

Majority of the family plans offered in Singapore have a two-kid limit. The cover is also one of a kind because it protects beneficiaries against already existing medical conditions. The package will pay you if you suffer a loss due to an existing medical condition while abroad.

OCBC Explorer

This travel insurance cover is designed to supplement the features already supported by your already existing travel insurance plan. It is thus a great alternative especially when you need to add some features that are lacking in the initial travel insurance plan. Of course, it will cost you some extra cash, but it will extend protection to sports equipment carried during a trip.

One also has the option of topping up to cover against baggage loss if you happen to take electronic devices such as a tablet or laptop during the trip. The package also offers home contents cover designed to protect your home when you travel. It takes the idea of including all bases to a whole new level.

FWD Travel Insurance

The FWD travel insurance policy also offers a policy extension. The premium package will provide a seven-day automatic cover extension. A 21-day cover extension is also available, and the package also allows different extra add-ons for sports equipment, car rentals, and pet care.

Selecting the ideal travel insurance package for your family

The above packages provide you and your family with flexible options that will allow you to maximize your trip. The choices may be overwhelming to Singapore families, but it does not necessarily have to be.

One can zero in on options various parameters such as the number of children to travel with, the equipment to carry and the activities to indulge in.

You might also need to read the terms and conditions of the travel insurance package that you decide to go with. They usually indicate the conditions that may void your preferred insurance package.

Securing your preferred insurance package is also easy and affordable, partly because many insurance companies compete in the Singapore market.

*The advice offered in this column is intended for informational purposes only and not intended to replace or substitute for any professional, financial, legal, or other professional advice. If you have specific concerns or a situation in which you require professional help, you should consult with an appropriately trained and qualified adviser.