Income Insurance has launched FlexiTravel Plus, touted as Singapore’s first travel insurance offering hourly coverage for travelers to 19 destinations across Asia.
The plan, an expansion of the previous FlexiTravel Hourly Insurance, extends coverage beyond Batam, Bintan, and Malaysia to include Brunei, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Thailand, Vietnam, Australia, China, Hong Kong, India, Japan, Korea, Macau, New Zealand, Sri Lanka, and Taiwan.
FlexiTravel Plus allows travelers to purchase six-hour blocks of coverage starting at S$1.80, with additional hours priced at S$0.30, capped at S$3.00 per day.
For example, a three-day trip to Thailand would cost a maximum of $9 for full coverage.
The plan offers flexibility for short getaways, making it a convenient option for those looking for affordable, customisable travel insurance.
The new insurance product also comes with enhanced benefits, covering trip disruptions, travel delays, and loss of electronic devices due to robbery and snatch theft.
Travelers can also opt for extra coverage for sports equipment like golf clubs or surfboards.
FlexiTravel Plus can be activated or extended at any time through the My Income app, offering added convenience for travelers who may need to adjust their plans mid-trip.
Income Insurance also introduced a post-departure purchase option for its traditional travel insurance policies.
Travelers can now buy insurance up to a day after leaving Singapore, with FlexiTravel Plus available for purchase within eight hours of departure for trips lasting at least 24 hours.
This feature is for to those who may have forgotten to secure coverage before departing.
Additionally, Income’s Enhanced PreX Annual Travel Insurance now includes telemedicine services, providing policyholders with access to 24/7 medical consultations while abroad.
Annie Chua, Vice President & Head, Key Accounts Management, Income Insurance, said,
“Overseas travel has its risks. Travellers may sometimes forget to purchase travel insurance for their trips given their busy lifestyle, while some may not regard conventional travel protection necessary especially when they are going for a short getaway.
We aim to bridge these gaps by offering travel insurance options that are tailored for modern travel patterns and prevalent concerns so that travellers mindfully close their protection gaps and enjoy peace of mind.”
Allianz had recently announced plans to acquire a 51% stake in Singapore’s Income Insurance in a deal valued at approximately SG$ 2.2 billion (EUR 1.5 billion).
