Yahoo Finance Allianz Travel Insurance Singapore Review: Covid-19 Coverage (2022)
Allianz is best known to those who have existing car loans. But for the rest of us BMW customers (Bus, MRT, Walk), there seemingly aren’t too many reasons to bother with this insurance company.
But Allianz actually has travel insurance, which all of us will need at some point unless we plan to stay trapped on this island forever. Let’s see how effective their plan is at saving people from disaster while on holiday.
Contents
1. Allianz Travel Insurance: Summary
Allianz’s travel insurance is rather unimaginatively called Allianz Travel. It comes in three tiers:
Allianz Travel Bronze
Allianz Travel Silver
Allianz Travel Platinum
Depending on the duration and the number of people travelling, you can choose between these three types of plans:
Single trip – One trip of up to 180 days
Annual multi-trip – Unlimited trips of up to 90 days each
Family – Covers you and dependent children and/or family members traveling together, available for single trip and annual multi-trip
The travel insurance plan is actually underwritten by Tokio Marine. Allianz just provides all the peripheral services like customer care and claims administration.
Total Premium
S$66.88
12% OffTotal PremiumS$76
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More Details
Key Features
Plans start from $28
All Plans Provide Unlimited Emergency Transportation (Includes Covid-19 Coverage)
Allianz Travel Insurance will cover you against medical costs, cancellations and curtailments due to COVID-19, or being impacted by other pandemic or epidemic, when you are diagnosed with the disease
24/7 Medical Assistance - helping you organise things like trusted medical expertise, appointments and making direct payments (to selected medical providers)
Frequent Travellers: Get covered for an unlimited number of trips with Annual Plans (up to 90 days’ duration each trip).
The Family Plan provides cover for you and the members of your family who are travelling with you on your journey. Insured persons may comprise a maximum of two adults, who need not be related. Insured persons may also include ANY number of dependents of the two named adults. Note that ALL insured persons, including dependents, must be named on the certificate of insurance.
2. Allianz Travel Insurance Coverage
Here’s what you get when you buy Allianz Travel Insurance. All quotations are pre-discount and based on a week-long trip.
Allianz Travel Insurance | Bronze | Silver | Platinum |
Price (ASEAN) | $49 | $76 | $115 |
Price (Asia) | $64 | $113 | $158 |
Price (Worldwide) | $112 | $177 | $241 |
Overseas Medical Expenses | $200,000 | $500,000 | $1,000,000 |
Emergency Medical Evacuation | Unlimited | Unlimited | Unlimited |
Personal Accident (Death, TPD) | – | $100,000 | $200,000 |
Travel Delay (reimbursement of expenses, minimum 6 hour delay) | – | $1,500 | $2,000 |
Trip Cancellation | $5,000 | $10,000 | $15,000 |
Baggage Delay | $500 | $1,000 | $1,400 |
Baggage Loss/Damage (reimbursement of expenses, minimum 6 hour delay) | $3,000 | $5,000 | $7,000 |
Outdoor Adventure | No | No | No |
Covid-19 | Yes | Yes | Yes |
If you’ve looked at any other travel insurance plans, you might have noticed that the higher tier plans (Silver and Platinum) are pretty average compared to the higher tier plans from other insurers.
To cite some examples for comparison, AMEX travel insurance’s three plans offer $500,000, $1,000,000 and $2,000,000 worth of overseas medical expense coverage respectively. Meanwhile, Tokio Marine travel insurance’s two tiers of travel insurance offers $300,000 and $500,000 worth of overseas medical coverage.
The price point for Allianz’s plan is on the high side. Considering they don’t even cover you for outdoor adventure activities, this might not be the most value for money plan out there.
Total Premium
S$65
Total Premium
Tokio Marine XPLORA Classic
More Details
Key Features
Golf equipment cover
Waiver of rental vehicle excess
Home Care
Quarantine benefit
Credit card fraud
3. Allianz Travel Insurance Covid-19 Coverage
Allianz Travel Insurance offers some Covid-19 coverage, as follows
Allianz Travel Insurance Covid Cover | Bronze | Silver | Platinum |
Overseas Medical Expenses | $200,000 | $500,000 | $1,000,000 |
Emergency Medical Evacuation | Unlimited | Unlimited | Unlimited |
Repatriation | Unlimited | Unlimited | Unlimited |
Hospitalisation Cash Benefit | – | – | – |
Quarantine Cash Benefit | – | – | – |
Trip Cancellation | $5,000 | $10,000 | $15,000 |
The plan is rather generous in that its claim limits for Covid-related medical and evacuation coverage is no less than for non-Covid-related claims.
But they don’t offer cash benefits for hospitalisation or quarantine, which is offered by some other insurance companies like Singlife with Aviva travel insurance and AMEX travel insurance.
Total Premium
S$49.13
18% OffTotal PremiumS$59.92
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More Details
4. Allianz Travel Insurance Extreme Sports
Adrenaline junkies should take note of what sporting and adventure activities are covered by the plan:
Outdoor Adventure | Allianz Travel Insurance |
Hot air balloon | No |
Scuba diving | Yes, unless at a depth greater than 20 metres or without a dive master |
Skiing, other snow sports | Yes, unless outside marked trails or in areas accessed by helicopter |
Hiking, trekking | Yes |
Mountaineering, outdoor rock climbing | No |
Marathons, competitions | No |
Jet ski | Yes |
White water rafting | Yes |
Skydiving | No |
Paragliding, hang gliding, parachute | No |
Bungee jumping | No |
Helicopter sightseeing | No |
As you can see, the plan excludes a great deal of adventure activities, including all high altitude activities like helicopter rides and hot air balloons. It is thus more suited to travellers whose idea of an exciting afternoon involves shopping malls or museums.
5. Allianz Travel Insurance Promotion
As luck would have it, Allianz is running a current travel insurance promotion.
Until 3 October 2022 they are offering 12% off all travel insurance plans with the promo code travel12.
6. Allianz Travel Insurance Claim Review
You can submit your travel insurance claims online here.
If you are travelling and need help, you can call Allianz travel insurance’s 24-hour emergency hotline at +65 327 2215.
There have been some reviews complaining about Allianz’s claims process being nitpicky. To avoid getting your claim rejected, it is highly recommended that you call their emergency hotline to obtain clarification about what documents you need to submit.
7. Should I buy Allianz Travel Insurance?
The Allianz Travel Insurance plan is a fairly basic one.
Coverage limits are pretty average compared to the competition, but the plan is quite stingy as it does not cover outdoor activities or give a hospitalisation cash benefit. That would be okay if it was a budget plan but it’s actually fairly expensive.
The verdict? The value for money offered by this plan is not great.
Shopping for a travel insurance plan? Here are the best travel insurance plans in Singapore.
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