YOUR PERSONAL TRAVEL INSURANCE GUIDE

The holiday season is here again! Before you take off for that long awaited and exciting trip to the Caribbean Islands, the Swiss-Alps or a fun-filled time in Disneyland, make sure you have everything ready: Passport, camera, toothbrush... ...and don't forget your travel insurance. For those of you who are not familiar, here's a quick guide to understanding your travel insurance needs and to getting the right package for your trip. Annual Policy Most insurance companies offer travel insurance on annual basis as well as per trip basis. Annual policies cover unlimited trips made by the insured during the entire year provided that each trip does not exceed a certain number of days, usually 90 days. No declaration is required. For frequent flyers, this type of cover would be most ideal in terms of cost and convenience. The premium for annual travel policies varies only slightly among insurance companies, averaging around S$300 for travel within Asia and S$400 for travel worldwide (for the individual). Family Packages Family packages are also designed to cater for immediate families traveling together. Definition of immediate families would mean the insured person, the insured person's spouse and children. Family packages are usually priced at a lower premium than if individual policies were to be taken up for the whole family. Although annual policies are also provided for families, such plans are generally not as popular as the annual policies for individuals, reason being that most parents with children who are still schooling are unlikely to make than 2 trips in a year due to school holiday-and-examination constraints. "Phone-and-Fly" Ever heard of "phone-and-fly" program? A number of insurance companies are now offering this 24-hour service at no extra cost. Register yourself as a member, and you may call up anytime of the day from anywhere in Singapore before your flight to activate your travel insurance. It is travel insurance made easy, especially for busy executives who cannot afford the time to make their way down to the insurance company each time they go on a trip. Now, even "last-minute" travelers can simply pick up a phone to activate their travel insurance in Changi Airport just minutes before their plane takes off. However, please take note that, if you are doing this for the first time, the insurance company may need time to process your registration before you can have access to this "dial-in" facility.

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