SINGAPORE – MSIG Singapore has introduced TravelEasy Flex, a new travel insurance plan designed to meet the evolving needs of modern travellers. This launch follows the company’s recent study, which revealed the top priorities for travellers when selecting travel insurance, including coverage for overseas medical expenses, flight delays, lost or stolen luggage, personal accidents, and the option to cancel for any reason. The study also highlighted a growing demand for personalised, budget-friendly insurance options.
To address these preferences, MSIG’s TravelEasy Flex offers a tailored and affordable solution, starting at just $9. The plan is designed with flexibility in mind, allowing travellers to customise their coverage according to their specific needs.
Key Features and Benefits:
Three Comprehensive Plans: TravelEasy Flex offers three distinct plans with varying coverage limits to suit different travel needs, providing over 30 benefits for complete protection.
Customisable Add-Ons: Policyholders can tailor their coverage with optional add-ons, ensuring they only pay for what they need and potentially saving on premiums.
Group Cover Discounts: Special discounts are available for groups of three or more travellers, making it an ideal choice for families or friends. Additionally, child coverage comes at a lower premium.
Enhanced Delayed Departure Benefit: Unlike traditional policies, TravelEasy Flex offers compensation for delays as short as four hours, ensuring quicker reimbursement for travellers.
Optional Add-Ons:
Cancel for Any Reason: Provides up to $6,000 for lost travel, accommodation, and entertainment ticket expenses if the policyholder cancels their trip for any reason.
Adventure and Sports: Covers leisure sports and outdoor activities, including the loss or damage of sports equipment.
Pre-existing Medical Conditions: Provides up to $350,000 for emergency medical treatment and evacuation due to pre-existing health conditions while abroad.
Rental Vehicle: Covers up to $2,600 for car rental cancellation charges, damage excess, and rental return due to illness or injury.
Golfer’s Cover: Offers up to $2,300 for accidental loss or damage to golf equipment, unused green fees, and hole-in-one celebrations.
COVID-19 Coverage: Pays for trip cancellations or disruptions and overseas medical expenses related to COVID-19.
A Flexible Approach to Travel Insurance
Steven Leong, Senior Vice President of Retail Distribution at MSIG Singapore, commented, “We’ve seen a strong preference among customers for customisable travel insurance where they only pay for what they need. TravelEasy Flex caters to modern travellers who seek flexibility and value for money. With over 10 million trips made by Singaporeans last year, this plan is designed to meet the diverse needs of today’s travellers, providing excellent protection for their journeys.”
To celebrate the launch, MSIG is offering an introductory discount of 60% on single-trip plans and 25% on annual plans, available from April 1 to 30, 2025.
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