Income insurance begins Flexi Travel Plusis touted as Singapore’s first travel insurance offering hourly coverage for travellers to 19 destinations across Asia.
The plan is an expansion of the existing FlexiTravel time-based insurance and will expand coverage to Brunei, Cambodia, Indonesia, Laos, Myanmar, Philippines, Thailand, Vietnam, Australia, China, Hong Kong, India, Japan, South Korea, Macau, New Zealand, Sri Lanka and Taiwan, in addition to Batam, Bintan and Malaysia.
With FlexiTravel Plus, travellers can purchase coverage in six-hour increments starting at S$1.80, with additional hours costing S$0.30, with a daily cap of S$3.00.
For example, a three-day trip to Thailand could cost up to $9 for full coverage.
This plan offers flexibility for short trips and is a convenient option for those looking for affordable, customizable travel insurance.
The new insurance product also comes with enhanced benefits covering trip interruption, trip delay and loss of electronic devices due to robbery or snatching.
Travelers can also opt for additional coverage for sports equipment such as golf clubs and surfboards.
FlexiTravel Plus can be activated or extended at any time through the My Income app, making it even more convenient for travellers who need to adjust their plans mid-trip.
Income Insurance The company also introduced a post-departure purchase option for its traditional travel insurance.
Travellers can now purchase the policy up to one day after departing from Singapore, and FlexiTravel Plus can be purchased within eight hours of departure for trips of at least 24 hours.
This feature is for people who forgot to secure insurance before leaving.
Additionally, Income’s Enhanced PreX annual travel insurance now includes telemedicine services, allowing policyholders to access 24/7 medical consultations while abroad.
“We are pleased to be working with Qualcomm to bring our innovative solutions to the market,” said Annie Chua, vice president and head of key account management at Income Insurance.
“International travel involves risks. Travellers sometimes forget to purchase travel insurance due to their busy lives. Others believe that traditional travel insurance is not necessary, especially for short trips.
“We aim to fill these gaps by offering travel insurance options tailored to modern travel patterns and common concerns, allowing travellers to thoughtfully address gaps in protection and travel with peace of mind.”
Allianz recently Get Acquired a 51% stake in Singapore’s Income Insurance for approximately S$2.2 billion (EUR 1.5 billion).
