Fly 3+ times a year? An annual multi-trip travel insurance plan, which some insurers sell as a yearly plan, beats buying single-trip cover each time. We compare Singapore's 5 best annual plans from FWD, Income (NTUC), Travel Guard, Allianz and Tiq, with break-even math and promo codes re-verified on 3 September 2026.
Three trips a year is roughly the point where one yearly policy starts costing less than buying cover per journey.
> Quick view: cheapest is FWD, about S$130/year for Asia, but that entry price buys the S$200,000 Premium tier. Biggest cover is Income Preferred, with no per-person medical cap under 70. The catch on every plan here: one trip is covered for 90 days, no more.
FWD's annual plan is the cheapest credible annual multi-trip travel insurance in Singapore, with the Asia tier starting around S$130/year for unlimited trips, capped at 90 days per trip. Read the tier ladder carefully, because the headline price and the headline medical limit are not the same plan: overseas medical runs S$200,000 on Premium, S$500,000 on Business and S$1,000,000 on First, so the ~S$130 entry price buys you Premium at S$200,000, not the S$1,000,000 figure quoted in most roundups. Trip-cancellation cover climbs the same ladder (S$7,500 on Premium, S$10,000 on Business, S$15,000 on First), and emergency medical evacuation and repatriation is unlimited across tiers. The buy flow is fully online with an instant policy, and there is an optional pre-existing conditions add-on covering up to S$150,000, though note that add-on is limited to 45 days per trip on annual policies, shorter than the 90-day cap on the main cover. FWD's April 2026 policy wording states the 90-day cap plainly: cover on an annual plan ends 90 days after the trip started. Best for solo travellers and couples who do 3+ Asia trips a year and want the lowest annual price without skimping on cancellation cover, but if you want a seven-figure medical limit from FWD, budget for First rather than the entry premium.
Asia annual from ~S$130/year for unlimited trips (90 days/trip cap). That entry price is the Premium tier at S$200,000 overseas medical; S$1,000,000 is the top First tier. Tier limits and the 90-day annual cap re-verified against FWD's own page and April 2026 policy wording on 26 Aug 2026. No FWD travel promo code was advertised on its promotions page at the time of checking, so compare the plain price against Income's, Travel Guard's and Tiq's current offers.
Income's yearly plan, still widely searched as NTUC Income, is the family pick and now also the biggest medical cover on this list. One family premium covers one or two adults plus any number of their dependent children under 21 on the same policy, so a third or fourth child costs nothing extra. For a family of 4 doing 3+ trips a year, that can save S$200+ versus an Allianz or Travel Guard family annual. The medical headline is stronger than most roundups report: on the Preferred tier there is no per-person limit at all on overseas medical expenses for an adult under 70, capped only by a S$3,000,000 family total per trip, ahead of Travel Guard's S$2,000,000. Classic sits at S$350,000 and Deluxe at S$800,000 per person, and if you are 70 or over the Preferred figure drops to S$350,000, so check your age band before assuming the top number applies to you. Preferred also carries adventure-activity cover (skiing, scuba, bungee) and Cancel For Any Reason. Note the product name: Income's travel pages no longer use the old TravelStar branding, so look for Travel Insurance Classic, Deluxe or Preferred, in Yearly form. On promos, the 25% flash offer we recorded lasted exactly three days, 25 to 28 August, and Income's own promotions page has since gone back to 20% off Classic, Deluxe and Preferred Yearly plans, from 28 August 2026 at 9am to 15 October 2026 at 9am. That is a smaller headline number bought with a much longer runway, which for an annual plan you can buy on any date is the better shape of the two. No code is needed, the discount applies automatically online, through an advisor, a branch, the hotline or the app, and Enhanced PreX, per-trip and TravelBliss plans are excluded. Best for Singaporean families who do quarterly Asia weekends.
20% off Classic, Deluxe and Preferred Yearly plans, 28 Aug (9am) to 15 Oct 2026 (9am), applied automatically with no promo code; new applications only, Enhanced PreX, per-trip and TravelBliss plans excluded. The 25% flash offer ran 25 to 28 Aug only and has reverted to 20%, but the window is now seven weeks instead of three days. Re-verified on Income's promotions page on 3 Sep 2026, still live and unchanged. Preferred carries no per-person cap on overseas medical for an adult under 70 (S$3,000,000 family total per trip), and one family premium covers any number of children under 21.
Valid till 15 Oct 2026
Important change since our earlier updates: AIG sold its global personal travel insurance business, Travel Guard included, to Zurich, and AIG Singapore ceased selling travel insurance through its direct channels on 27 January 2026, with policies expiring on or after 30 April 2026 no longer renewable with AIG. Travel Guard is still on sale in Singapore at travelguard.com.sg, now underwritten by Zurich Insurance Company Ltd (Singapore Branch), and its quote flow still offers Single Trip, Annual and One Way. It holds the highest fixed medical limit here: the Supreme tier carries up to S$2,000,000 in overseas medical expenses for travellers under 70, against S$1,000,000 on Enhanced and S$100,000 on Basic. (The old S$2.5M Premier tier no longer exists.) Only Income's Preferred tier beats it, and only because that plan sets no per-person cap at all. The reason to price Travel Guard this month is the discount we found in its own promotion terms: a straight 25% off new Single Trip and Annual Multi-Trip policies with code TRAVELGUARD25, running 13 July to 31 December 2026, which is by far the longest promo window on this page. It applies only to policies bought directly on travelguard.com.sg, with no intermediary and no staff discount. Asia annual from around S$200/year before that discount. Best for older travellers, business travellers doing regular Europe/US trips, or activity-heavy itineraries.
Code TRAVELGUARD25: 25% off new Single Trip and Annual Multi-Trip policies, 13 Jul to 31 Dec 2026, direct purchases on travelguard.com.sg only (no intermediary, no staff discount). Verified in Travel Guard's own promotion terms 26 Aug 2026. Supreme tier carries up to S$2,000,000 overseas medical, the highest fixed limit on this list; Enhanced S$1,000,000, Basic S$100,000. Asia annual from ~S$200/year before the discount. Now underwritten by Zurich Insurance Company Ltd (Singapore Branch): buy at travelguard.com.sg, not aig.sg.
Valid till 31 Dec 2026
Allianz Annual Multi-Trip delivers the best balance of coverage, claims speed (often within 7 working days), and one of the largest global claims networks, useful precisely because it is the insurer you are most likely to be able to reach from an unfamiliar country. Three tiers: Basic (up to S$200,000 overseas medical), Silver (S$500,000) and Platinum (S$1,000,000). Asia annual from ~S$150/year; Worldwide-excl-USA from ~S$280. Strong on baggage delay and missed connection cover, and it comes with a 14-day money-back guarantee if you change your mind after buying. Every Allianz annual tier caps a single trip at 90 days, so paying up to Platinum buys higher limits, not longer trips. On extras, Allianz is running a Travelgoogoo campaign from 20 July to 20 October 2026: buy any travel policy on its Singapore site and a redemption code for a complimentary one-year Travelgoogoo membership plus 1GB of global data is emailed within 24 hours. Its promotions page still advertises code TRAVEL60 for 60% off, but the page's own stated validity ended on 31 January 2026, so treat that number as unconfirmed and check what the discount actually reads at checkout. Buy through allianz-assistance.com.sg. Best for frequent travellers who value claims speed and global service.
Asia annual from ~S$150/year for unlimited trips; Worldwide-excl-USA ~S$280/year. Platinum tier up to S$1,000,000 overseas medical, 90 days per trip, 14-day money-back guarantee. Live extra, verified 26 Aug 2026: any policy bought on Allianz's Singapore site between 20 Jul and 20 Oct 2026 gets a complimentary one-year Travelgoogoo membership plus 1GB global data, emailed within 24 hours. The site still shows code TRAVEL60 (60% off) but its own stated validity ended 31 Jan 2026, so confirm the discount at checkout before relying on it.
Tiq's annual plan keeps the same auto flight-delay payout feature as its single-trip product, and for frequent flyers this is the killer feature, because delays happen often and the automatic payout means you never fill in a claim form. Three annual tiers: Entry (S$200,000 overseas medical), Savvy (S$500,000) and Luxury (S$1,000,000), and all three cap a single trip at 90 consecutive days. Individual, Family, Married Couple and Group variants are all available, and separate Pre-Ex tiers cover pre-existing conditions up to S$150,000 on Luxury, which is unusually generous for a digital-first insurer. On promos, TIQ45 is gone: Tiq's promotions page now runs TIQ50 at 25% off Annual Multi-Trip plans (and 50% off Single Trip), with an on-page countdown stating the promo ends 14 September 2026. Read that page carefully, because it stacks three promo tables and only one of them is live. The two TIQ45 blocks, at 20% off annual, sit inside containers flagged hidden on desktop, tablet and mobile alike, so TIQ50 is the only offer a visitor actually sees. At 25% it beats the 20% TIQ45 gave, but it still trails the 30% of the retired TIQ55 code, so Tiq does not automatically undercut FWD on the Asia tier; price both before you commit. Each policy bought also earns one entry into Tiq's monthly lucky draw for S$3,000 cash, provided you do not cancel the policy. Best for tech-savvy frequent flyers who hate paperwork.
Code TIQ50: 25% off Annual Multi-Trip plans (50% off Single Trip), promo ends 14 Sep 2026, verified on Tiq's promo page 3 Sep 2026. This replaces TIQ45, whose 20% tables are still on that page but sit in containers hidden on every screen size. Better than TIQ45's 20% off annual, still short of the retired TIQ55 code's 30%, so price it against FWD and Travel Guard before buying. Each policy also earns one entry into Tiq's monthly S$3,000 cash lucky draw. Auto flight-delay payouts on all tiers, no claim form needed.
Valid till 14 Sept 2026
| Provider | Best For | Asia Annual (from) | Top Overseas Medical | Per-Trip Limit |
|---|---|---|---|---|
| FWD | Cheapest annual | ~S$130 (entry Premium tier) | S$1,000,000 (First) | 90 days per trip |
| Income (formerly NTUC Income) | Families, biggest medical cover | 20% off Yearly plans, 28 Aug to 15 Oct, no code | No per-person cap (Preferred, under 70) | 90 days per trip; children under 21 on family cover |
| Travel Guard (underwritten by Zurich) | Highest fixed medical limit | ~S$200, less 25% with TRAVELGUARD25 | S$2,000,000 (Supreme) | 90 days per trip |
| Allianz | All-rounder | ~S$150 | S$1,000,000 (Platinum) | 90 days per trip |
| Tiq by Etiqa | Digital-first | 25% off with code TIQ50 (till 14 Sep) | S$1,000,000 (Luxury) | 90 days per trip |
If you bought AIG Travel Guard before, read this first. AIG sold its global personal travel insurance business, Travel Guard included, to Zurich, and AIG Singapore stopped selling travel insurance through its direct channels on 27 January 2026. Policies expiring on or after 30 April 2026 cannot be renewed with AIG. Travel Guard itself has not disappeared: it is still sold in Singapore at travelguard.com.sg, now underwritten by Zurich Insurance Company Ltd (Singapore Branch), and it still carries the highest fixed medical limit on this list. But the aig.sg buy page you may have bookmarked no longer sells it, and the top tier is now Supreme at S$2,000,000 rather than the old S$2.5M Premier.
An annual multi-trip policy covers an unlimited number of overseas trips for 12 months from the purchase date, instead of one policy per trip. The catch every insurer applies is a per-trip cap of 90 days: unlimited means unlimited *trips*, not unlimited *days*. Cover is also sold in geographic tiers (Asia, Worldwide excluding USA, Worldwide including USA), and buying the wrong tier is the most common way people find themselves uninsured abroad.
The marketing pages all look identical, so compare on four things only:
On headline price, FWD is the cheapest credible annual plan, landing near S$130/year for the Asia tier. Tiq used to match it, but only because its old TIQ55 code took 30% off annual plans. The code live on Tiq's promo page now is TIQ50, at 25% off annual and 50% off single-trip, an improvement on the 20% its TIQ45 code gave but still short of the old 30%, and it runs only to 14 September 2026, so run both quotes rather than assuming they tie. Travel Guard is the one worth re-pricing this month, because TRAVELGUARD25 takes 25% off its annual premium until 31 December 2026, which narrows the gap to a plan carrying far more cover. Income is the cheapest for a family, because one family premium covers any number of children under 21 rather than charging per child.
One caveat on that S$130, because it is the most common misreading of FWD's pricing: the entry price buys the Premium tier, whose overseas medical limit is S$200,000. FWD's S$1,000,000 medical limit sits on the top First tier, with Business at S$500,000 in between. Cheapest is not automatically best, and it is not automatically the cover you think you are buying.
There is no single winner, because the four things worth comparing pull in different directions. The choice collapses quickly once you know which one binds for you:
Two things are *not* differentiators, whatever the marketing implies. Every plan here caps a single trip at 90 days, so no amount of upgrading buys you a longer trip. And every one of them sells cover in geographic tiers, so buy the wrong tier and the size of your medical limit is irrelevant, because the trip is not covered at all.
Disclosure: Some links in this article go through partner insurance agents who track referrals. MissLobang earns no commission from your purchase; the tracking is purely for our partner agents to attribute leads.
*Plans and prices verified against each insurer's own website on 26 August 2026. Every promo code on this page was re-verified on 3 September 2026, when the Tiq code changed from TIQ45 to TIQ50. Promotions change frequently, so confirm the current offer before you buy.*
Break-even is around 3 trips/year for Asia-only plans. Asia-only annuals run S$130–300/yr; single-trip 7-day Asia is S$15–35. Three trips = S$45–105 in single-trip, already close enough that annual wins once you factor in Worldwide-tier or longer trips. For Worldwide-excluding-USA tier (S$280–400/yr), break-even shifts to 4 trips. If you do 1–2 trips/year, stick with single-trip; from 3+ Asia trips OR any 2 long-haul Worldwide trips, annual wins.
90 days, and that is consistent across the market. FWD, Income, Travel Guard, Allianz and all three Tiq tiers (Entry, Savvy and Luxury) each cap a single trip at 90 consecutive days on their annual multi-trip plans. FWD's April 2026 policy wording puts it plainly: cover on an annual plan ends 90 days after the trip started. There is no Singapore annual plan currently offering a 180-day per-trip cap, including the top Allianz and Travel Guard tiers, so do not assume paying for a premium tier buys you a longer trip. It buys higher limits, not more days. If you are doing a 4+ month sabbatical or a long posting, you will need a long-stay, expat or one-way plan instead; an annual policy will simply stop covering you on day 91. Always check the per-trip cap in the policy wording, not just the annual aggregate limit.
Most annual plans offer Individual and Family variants. Income's family cover is the standout: one premium covers one or two adults plus any number of their dependent children under 21 on the same policy, so a third or fourth child adds nothing to the price. That is worth S$80–150/yr more than most rival family plans. Allianz, Travel Guard and FWD all offer Family annual at a 20–40% premium over Individual. Tiq offers Individual, Family, Married Couple and Group annual multi-trip variants. Check the child age definition before you buy, because it varies: Income runs to under 21, while several rivals stop at 18 unless the child is in full-time tertiary education.
Yes, you can buy an annual plan any time. It starts from the purchase date and runs 12 months. If you've already paid for 2 single-trip policies and are about to book a third, switching to annual now usually beats buying a third single-trip. There's no refund on already-used single-trip policies, but the annual covers all future trips for 12 months from purchase. Don't double-pay: if you have a single-trip policy still in force, the annual won't refund or extend that, it simply runs alongside.
Not automatically, and this is the single most expensive mistake on an annual plan. Singapore insurers price annual cover in geographic tiers: Asia (or ASEAN), Worldwide excluding USA/Canada, and Worldwide including USA/Canada. If you buy the Worldwide-excluding-USA tier and then fly to New York, you are effectively uninsured for that trip. The USA tier typically costs 30–60% more, because American hospital costs are the highest in the world: an emergency admission can run S$50,000–100,000 and a medical evacuation home far more. If you make even one US trip a year, buy the tier that includes it, because the premium gap is far smaller than the exposure. Check the wording for Canada too, which is usually grouped with the USA.
Usually yes. Complimentary credit-card travel cover (on cards from Amex, Citi, DBS, UOB and others) is real, but it is narrower than a standalone annual plan in three ways that matter. First, it is almost always conditional on charging the full fare, often the entire trip cost, to that specific card, so a miles redemption or a partly-cash booking can void it. Second, medical limits are typically S$100,000–500,000 versus S$1,000,000–2,000,000 on a paid annual plan, and that gap is exactly where a serious overseas hospitalisation lands. Third, cardholder cover is usually thin on trip cancellation, baggage and pre-existing conditions, and it ends the moment you cancel the card. Treat card cover as a useful top-up for flight delay and baggage, not as your primary medical protection, and read the certificate of insurance rather than the marketing page.
Usually only if you pay for it, and that is the trap on a cheap annual plan. COVID-19 cover is now sold as an optional add-on rather than bundled into the base annual policy at most Singapore insurers, so the plan you buy on price alone can leave you with no cover at all for a COVID hospitalisation abroad. FWD is explicit about it, selling a separate "COVID-19 enhanced travel benefit" that covers medical expenses, trip disruption and cancellation, and evacuation or repatriation where a diagnosis happens before, during or after the trip, with its own policy wording rather than the standard one. Tiq also sells COVID cover as an add-on on its annual plan. Income, by contrast, does not advertise COVID-19 terms anywhere on its travel insurance pages, so on the Yearly plans you have to read the policy conditions or ask an advisor rather than assume. Three practical rules. Buy the add-on at the same time as the policy, because most insurers will not let you bolt it on later or mid-trip. Check whether the benefit is capped well below the headline medical limit, since a plan advertising S$1,000,000 overseas medical often caps the COVID benefit at a small fraction of that. And if you are comparing an annual plan with COVID cover against one without, add the rider to both quotes before deciding which is cheaper, because the add-on is exactly where a plan that looked cheapest stops being cheapest.
Nothing, they are three names for the same product, which is why comparing them online is so confusing. "Annual travel insurance", "yearly travel insurance" and "annual multi-trip travel insurance" all describe one policy that covers an unlimited number of overseas trips for 12 months from the purchase date, as opposed to a single-trip policy bought per journey. Insurers in Singapore use the labels inconsistently: Income calls its version a Yearly plan, Allianz and Tiq call theirs Annual Multi-Trip, and FWD and Travel Guard simply say Annual. The only distinctions that genuinely change what you are buying are the geographic tier (Asia, Worldwide excluding USA/Canada, Worldwide including USA/Canada), the overseas medical limit, and the per-trip day cap, which is 90 days on every plan compared here. If a page advertises "unlimited trips", read it as unlimited trips of up to 90 days each, not unlimited days abroad.
The product is still very much on sale; the company name changed, and so did the product name. NTUC Income corporatised and now trades simply as Income Insurance, and the plan many Singaporeans still search for as "NTUC annual travel insurance" is sold today as Income's Yearly travel insurance, in Classic, Deluxe and Preferred tiers, on income.com.sg. The older TravelStar branding no longer appears anywhere on Income's travel pages. Nothing about the feature that made it popular has gone: one family premium still covers any number of the policyholder's children under 21, which remains the single largest family saving among the plans compared here, and the Preferred tier still includes adventure activities such as skiing, scuba diving and bungee jumping, plus Cancel For Any Reason cover. Overseas medical on Preferred has no per-person limit for an adult under 70 (the family total is capped at S$3,000,000 per trip), which is more headroom than any fixed limit on this page, and a single trip is capped at 90 days in line with the rest of the market. As at 3 September 2026 Income is still running 20% off Classic, Deluxe and Preferred Yearly plans, from 28 August 2026 9am to 15 October 2026 9am, with Enhanced PreX plans, per-trip plans and TravelBliss excluded. The 25% rate that preceded it lasted three days, 25 to 28 August, so the headline number is lower now but the window is seven weeks rather than a long weekend. No promo code is needed, since the discount applies automatically whether you buy online, through an advisor, at a branch, on the hotline or in the app. Income rotates these offers roughly monthly, so check its promotions page for what is live on your purchase date.
