Allianz Travel Insurance vs Allianz Care Intl Healthcare

This put up was written in collaboration with Allianz. Whereas we’re financially compensated by them, we nonetheless attempt to keep up our editorial integrity and assessment merchandise with the identical goal lens. We’re dedicated to offering the very best info so as so that you can make private monetary selections with confidence. You’ll be able to view our Editorial Pointers right here.

The pandemic has proven us that we really reside in a globalised world and that distant work and the digital nomad life are completely doable.

Borders have reopened — not solely are individuals happening vacation once more, however enterprise journey has additionally resumed. Companies are as soon as once more trying to develop abroad or have already completed so within the footsteps of homegrown manufacturers resembling SecretLab, BreadTalk and ShopBack.

There are additionally quite a few us who work and reside abroad, together with expats who’ve chosen to dwell in Singapore as a result of work or different commitments.

And naturally, leisure journey or journey to go to household and buddies abroad is now again with a vengeance. However that additionally implies that the potential for getting Covid-19 or a reinfection are very actual…along with all the same old well being and security concerns whereas travelling.

That implies that once you go on a visit — whether or not for work or leisure, lengthy or quick time period — it is vitally essential to safe your well being and security with insurance coverage. We often consider journey insurance coverage after we go abroad, however do you know that there’s additionally worldwide healthcare insurance coverage?

So, what’s the distinction between journey insurance coverage and worldwide healthcare insurance coverage, and the way do you resolve which one you want.

Journey insurance coverage vs worldwide healthcare insurance coverage: Key variations

Let’s break down the variations between the 2 for you.

Journey insurance coverage

• Meant for use once you’re on an abroad journey
• Covers emergency healthcare bills you would possibly incur whereas travelling
• Covers widespread journey mishaps you would possibly encounter, like misplaced baggage or flight delays
• Typically solely covers you for journeys of as much as 90 days
• Often is barely efficient within the international locations in the identical geographic area which you’ve got bought protection

Be aware: You’ll be able to select the extent of protection you want by choosing a unique tier. For instance, Allianz provides journey Primary to Premium insurance policy, the place Premium plans additionally supply added advantages resembling cruise and sport coverages.

Allianz journey insurance coverage worldwide healthcare insurance coverage

• Meant to supply medical protection wherever you might be on the earth or in particular geographic areas, together with at residence
• Provides extra complete medical advantages in each emergency and non-emergency conditions
• Doesn’t cowl travel-related mishaps like journey disruptions or misplaced baggage

Be aware: One of many greatest benefits of worldwide healthcare insurance coverage is that medical protection is complete and consists of outpatient advantages, that are often not accessible for journey insurance coverage.

What occurs in case you solely have journey insurance coverage?
For those who solely have journey insurance coverage and find yourself within the hospital, you’ll solely have the ability to make a declare on your emergency hospital remedy. However once you return to Singapore and wish outpatient remedy at a GP’s clinic or physiotherapist’s, it’s possible you’ll not have the ability to declare for these prices (until your journey insurance coverage supplies protection for continuation medical care in Singapore or you’ve got an current native medical insurance plan).

The benefit of worldwide medical insurance
You usually have the choice of including maternity or dental cowl to your plan — similar to what a complete medical insurance plan provides, however throughout borders! That is often not accessible for journey insurance coverage.

Worldwide medical insurance is an effective possibility if you’d like complete medical protection wherever on the earth. Regardless of the place you might be, you’ll have the peace of mind that each your non-emergency and emergency medical bills shall be coated.

How do I resolve which insurance coverage I would like?

So, do you want worldwide healthcare insurance coverage, journey insurance coverage or each? Listed here are some inquiries to ask your self.

1. Are you taking a one-off lengthy enterprise journey or relocation?
In case you are taking an extended, one-off journey or shifting to a different nation completely, worldwide healthcare insurance coverage can give you complete medical protection for a interval of greater than 90 days. You’ll have the ability to keep abroad for an prolonged time period with out worrying about medical bills.

However, if you’re simply taking a brief journey of lower than 90 days, journey insurance coverage could be adequate to supply the protection you want.

2. What’s your geographical location all year long?
For those who spend plenty of time in several international locations, you would possibly require the extra complete well being protection which you could get from worldwide healthcare insurance coverage.

For example, if you’re an expat who divides your time between Singapore and your private home nation, you’ll most likely want greater than the 90 days of emergency well being protection you will get from journey insurance coverage.

3. What sort of protection do you want?
As talked about earlier, worldwide healthcare insurance coverage provides complete well being protection, whereas journey insurance coverage simply provides emergency medical protection and protection for journey mishaps. So, when selecting between the 2 varieties of plans, it’s actually about deciding what sort of safety you really want.

For example, in case you spend most of your time in Singapore and have already got a neighborhood medical insurance plan, journey insurance coverage might be sufficient for brief journeys overseas.

However, for individuals who spend prolonged durations of time exterior of Singapore (and probably in varied international locations/areas), counting on a neighborhood medical insurance plan for extra complete healthcare bills won’t be sufficient. In that case, a world healthcare insurance coverage plan can be the higher selection.

4. What’s your price range like?
Worldwide healthcare insurance coverage is extra expensive than journey insurance coverage for apparent causes. Not solely do you get rather more complete well being protection, however you might be additionally protected throughout borders for all the length of your plan. It’s nice to have in case you can afford it.

Nevertheless, in case you’re on a good price range, it will be cheaper to only purchase journey insurance coverage to cowl you throughout your abroad journeys. Do be aware, nonetheless, that journey insurance coverage might not have the ability to cowl you for all the length of journeys lasting greater than 90 days, that means that you’ll not have any safety sooner or later in your journey.

Allianz has the insurance coverage insurance policies you want

Whether or not you’re a globetrotting expat or simply go on occasional abroad holidays, Allianz has insurance coverage options that may preserve you protected. The insurer provides each Allianz Journey Insurance coverage and Allianz Care Worldwide Healthcare Insurance coverage.

For journeys of as much as 90 days, Allianz has a spread of journey insurance policy that supply protection for medical prices, cancellations and curtailments as a result of Covid-19. 

• You may be coated in case you get identified with Covid-19 earlier than or throughout your journey. That is essential to have, as a constructive PCR check might result in your journey being cancelled or disrupted.
• All Allianz journey insurance policy supply 24/7 medical help; and
• Platinum plan provides cruise and sport coverages, too.

In the meantime, Allianz Care worldwide Healthcare Insurance policy cowl each in-patient and day-care remedy, and likewise supply protection for persistent medical circumstances, congenital circumstances and medical evacuation. It’s also possible to add on additional cowl resembling for dental, maternity or repatriation. The plans are comparatively reasonably priced and supply 24/7 multilingual and digital help.

Get a quote for Allianz Care Worldwide Healthcare Insurance policy right here:

Discover out extra and get a personalised quote for Allianz Journey Insurance policy and/or Allianz Care Worldwide Healthcare Insurance policy.

Disclaimers:
This commercial has not been reviewed by the Financial Authority of Singapore.
Exclusions would possibly apply. Learn the total Allianz coverage wording.