5 Best Annual Travel Insurance Plans in Singapore (2026) — FWD, NTUC Income, AIG, Allianz & Tiq Compared

FWD's annual plan is the cheapest credible annual travel insurance in Singapore — Asia-only tier from around S$130/year for unlimited trips (capped at 90 days per trip). The same strong trip-cancellation cover (S$7,500) as their single-trip plan carries over, plus 24/7 emergency assistance worldwide. Fully online buy flow, instant policy. Best for solo travellers and couples who do 3+ Asia trips a year and want the lowest annual price without skimping on cancellation cover.

NTUC Income's annual plan keeps the standout feature from their single-trip product: children under 18 are covered free under the parent's policy. For a family of 4 doing 3+ trips a year, this can save S$200+ vs Allianz or AIG family annual. Strong adventure-activity coverage (skiing, scuba, bungee) is included on Premier tier. Currently running 20% off annual plans. Best for Singaporean families who do quarterly Asia weekends.

AIG's annual Premier plan keeps the same S$2,500,000 medical coverage cap as their single-trip Premier — which is the highest on the Singapore market. For frequent long-haul travellers to the US, Japan or Switzerland, where a single hospital stay can run S$50,000+, this matters more than promo discounts. Asia annual from ~S$200/year; Worldwide-incl-USA annual from ~S$450. Emergency evacuation up to S$1M. Best for older travellers, business travellers doing regular Europe/US trips, or activity-heavy itineraries.

Allianz Annual delivers the best balance of premium coverage, claims speed (often within 7 working days), and one of the largest global claims networks. Asia annual from ~S$150/year; Worldwide-excl-USA from ~S$280; Premier tier extends per-trip cap to 180 days (vs the 90-day standard). Strong on baggage delay and missed connection cover. Best for frequent travellers who value claims speed, longer per-trip duration, and global service.

Tiq's annual plan keeps the same auto flight-delay payout feature from their single-trip product — for frequent flyers this is the killer feature, because delays happen often and the auto-payout means you don't fill out claim forms. Three annual tiers (Entry / Savvy / Luxury), with Luxury offering S$1M medical and 90-day per-trip cap. Current TIQMS code gives 25% off annual plans (refreshed monthly). Best for tech-savvy frequent flyers who hate paperwork.