Although international health insurance and travel insurance appear to provide the similar benefits, they serve two distinct functions.
For starters, international health insurance covers medical expenses incurred while living in another country for an extended or indefinite length of time,
Whereas travel insurance covers emergency medical care for people who are going on vacation or brief journeys.
An international health insurance policy should cover all of the following, as well as: local health care services, emergency coverage, maternity care, treatment for ongoing conditions, and repatriation if required.
An International health insurance policy for expatriates and those relocating abroad is much more comprehensive than standard holiday or business travel insurance. It's intended to cover both emergency and routine healthcare, giving expatriates freedom in terms of doctor and treatment facility selection as well as the option to receive care anywhere within their coverage zone.
International health insurance should include (each plan varies):
Allianz standard plans are modular, and you may build your own package based on your needs. In addition to the Core plan, options include:
You should double-check that your travel insurance covers emergency evacuation which is not part of your medical coverage. If you break a leg while hiking in the woods, your policy should reimburse you for transportation arrangements to the nearest identified hospital.
Also, be sure you know whether your emergency evacuation coverage will merely get you to the nearest acceptable facility or if it will also cover you for transportation back home.
Third, good travel insurance policies always include the following clauses:
· Trip cancellation including when you are contracted Covid-19 before your trip
· Trip interruption - Your travel plans are interrupted while you are on your trip, including when you’re contracted Covid-19.
· Travel delay - Your travel plans are delayed while you are on your trip, including when you’re contracted Covid-19.
· Baggage coverage - Your baggage is lost, damaged, or stolen while on your trip.
· Baggage delay coverage - Your baggage is delayed by an airline, cruise line, or other travel carrier while on your trip.
· And more: such as car rental damage, (Your rental car is damaged or stolen while on your trip) etc.
One of the most crucial aspects to consider in the age of the global pandemic is to get a travel insurance in Singapore with selected COVID-10 coverage*. Ideally, your policy should cover you for a variety of roadblocks that might arise throughout your journey and even before it begins.
Look out for:
Travel insurance should offer protection of:
In the best-case scenario, having both insurance policies that are tailored to your unique requirements is beneficial. Before making a decision, consider what your policy covers you for, as some provide coverage for travel, relocation, or even healthcare.
Your decision on what type of insurance policy is ideal for you will be based largely on your personal situation, such as how healthy you are, the quality of the local health care system and hospitals, if you are settled in your country of residence or move frequently, and whether you travel frequently.
Hospitals in some nations, on the other hand, provide excellent care at a very low cost. However, for things that are not an emergency, such as surgery or therapy, it might take weeks to schedule an appointment.
Thus, one should consider these factors or questions before deciding:
Here at Allianz Travel, we offer various comprehensive plans to suit different lifestyle types.
Travel insurance from Allianz Travel Singapore includes selected Covid-19 coverage*, plus cover for epidemics and pandemics in general (when diagnosed with a disease). The Medical and Dental cover limit is S$500,000 (Silver Plan), S$200,000 (Bronze Plan) and S$1,000,000 (Platinum Plan).
Travel insurance in general is designed to cover you for trips of limited duration. It is intended for holidaymakers and short term trips abroad, and also offers protection against other travel related issues.
For example, Allianz Travel insurance benefits include:
● Selected Covid-19, pandemic and epidemic cover*
● Medical/dental cover of up to $1,000,000 - S$500,000 (Silver Plan), S$200,000 (Bronze Plan) and S$1,000,000 (Platinum Plan).
● 24/7 Medical Assistance
● Cancellation, Delay, Curtailment
● Loss/theft/damage of valuables
● Rental Excess cover (Silver & Platinum Plans only)
If further treatment is required, you will be expected to return to your home country. Cover ceases once you are back in your country of residence.
All in all, if you are unsure of which plans are suitable for you, you can compare various travel insurance plans options at our online website
5Allianz Global Corporate & Specialty Singapore Branch is the insurer and Allianz Care is the administrator. Whenever we use the terms “we”, “us” and “our” in the pages dedicated to the international health insurance we offer, it will refer to both entities.
The insurer is Allianz Global Corporate & Specialty SE Singapore Branch, address 79 Robinson Road, #09-01 068897, Singapore. Company Registration No. T11FC0131K. This policy is supported by AWP Health & Life SA, trading as Allianz Care, a limited company governed by the French Insurance Code and acting through its Irish Branch. Part of the Allianz Group, AWP Health & Life SA is registered in France: No. 401 154 679 RCS Bobigny. Irish Branch is registered in the Irish Companies Registration Office, registered No.: 907619, address: 15 Joyce Way, Park West Business Campus, Nangor Road, Dublin 12, Ireland. AWP Health & Life SA provides administration services and technical support for the policy. Allianz Care and Allianz Partners are registered business names of AWP Health & Life SA.
About Allianz Global Corporate and Specialty
Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, property-casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,450 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally. For more information, please visit Allianz Commercial or follow us on Twitter @AGCS_Insurance and LinkedIn.
About Allianz Care
Allianz Care provides international health, life and disability cover and services to a wide range of customers, including multinational companies, intergovernmental organisations and private individuals and families. Our mission is to ensure that customers have access to quality healthcare through our support, care and commitment to go the extra mile. We are a truly global health partner ensuring fast and simple access to the best advice, treatment and value for our customers. Allianz Care is the international health brand of Allianz Partners. For additional information, please visit Allianz Care or connect with us on Facebook and LinkedIn.
