Compare Single-Trip Travel Insurance in Hong Kong 2020

Compare Travel Insurance in Hong Kong 2020

Insurance Provider	Travel Insurance Plan	Highlighted Coverage
Hang Seng	Hang Seng Single Trip Travel Insurance	Covers mobile phone damage or loss
Zurich	Zurich Get "Z" Go Travel Insurance Supreme Plan	Protection without age limit
HSBC	HSBC TravelSurance	Express claims approval service
AXA	AXA SmartTraveller	Free cover for children
MSIG	MSIG iTravel Plus (Single Trip)	Black travel alert coverage for accommodation and transportation expenses
BOC	BOC Universal Smart Travel Insurance Plan	Protection for Dangerous Activities, including parachuting, diving and more
AIA	AIA iTravel Protect	No cover restrictions on the depth of dives or altitude of hikes for leisure
Hong Leong	Hong Leong Travel Insurance	Full terrorism cover
DBS	DBS TravellerShield Insurance	Coverage of home contents while you travel
Blue Cross	Blue Cross Travel Smart	Unlimited number of insured children for Family Insurance plan
Prudential	Prudential PRUChoice Travel	Popular activities like scuba diving, skiing or participating in marathon for leisure are covered
STARR	STARR TraveLead Travel Insurance	Trip cancellation and curtailment coverage for outbound travel alert (including amber alert)
FWD	FWD TravelCare Insurance Plan	Cover for loss of mobile phone for all plans

How Do I Choose The Best Travel Insurance?

When choosing travel insurance plans for your holiday, the cheapest policy available is not always the best choice. Buying travel insurance based on your needs is essential, but here are several factors to consider depending on your priorities:

Single V.S. Annual Travel Insurance

If you can see yourself travelling multiple times, at least 3 to 4 trips in the coming year, you may consider annual travel insurance instead of single trip insurance. Besides saving some cash, you can also save time since there is no need to shop for a new policy every time before you go.

Add-on coverage

Other than basic cover like trip cancellation, baggage loss etc., if you are doing any special activities or sports, like sky-diving or bungee-jumping, you may need extra cover to get full protection on the medical expenses or personal accident. If you are going on a cruise, you may also need to upgrade your policy so to get missed departure, cruise itinerary change or more cover.

Check the limits and excess

Most travel insurance cover has its own limits and requirements, take travel delay as an example, you can only get compensation if the delay meets the required numbers of hours in the travel insurance policy. Some of the coverage items like rental vehicle protection usually require excess which is the amount you will need to pay before making a claim.

What does travel insurance usually cover?

Medical expenses

If you unexpectedly suffer an injury or sickness on your trip and need to visit the doctor or hospital abroad, this will cover treatment expenses incurred.

Trip cancellations and delay

Look for a policy that is able to compensate you for any cancellation, delay or other disruptions to your flight. This will help to tide you over the inconvenience caused before you get on your next flight.

Loss of baggage and personal items

Losing your luggage can be a huge nightmare. Most policies should cover you for lost, delayed or damaged baggage, but if you are bringing expensive items along, make sure you get add-on insurance for those items too.

Personal accident

This coverage starts even before you embark on your trip, and provides reimbursement should you encounter an accident.

Personal Liability

If an insured person is involved in legal liability of causing a loss or damage to the third parties, personal liability coverage in travel insurance will be able to help with the compensation and expenses.

High risk sports coverage

Going to climb a mountain? Decided to give skydiving a try? Make sure your policy covers you for the activity you are doing. Some policies only cover climbing up to a certain height so be sure to check the details of sports coverage first.

Exclusions in Travel Insurance

Like every other insurance, travel insurance has its exclusions and special conditions which the insurance company see as a higher risk, therefore the coverage is not eligible under those conditions. Here are several common categories of exclusions in a travel insurance policy:

War, revolution, use of military power, riot
Intentional acts including suicide or not taking reasonable efforts to minimize or avoid injury
Pregnancy, childbirth or any associated injury or sickness
Pre-existing or undeclared medical conditions
Specific medical conditions including sexually transmitted disease like AIDS or mental disorder
Alcohol or medicine related accidents, unless those are under prescription
Professional sports
High-risk activities
Unattended belongings

Making a Travel Insurance Claim

The process for specific types of claims may differ between Insurers. However, policies offered by popular insurers such as AXA, MSIG, FWD or AIG generally have similar Travel Insurance Claims procedures. Here are some things that you should take note of when making an insurance claim.

Fact #1Do not wait too long

Most insurers will require you to make the claim within 30 days of the occurrence. Given that it will take some time to process your claim, you would want to submit your claim form as soon as possible.

Fact #2Keep originals

Whatever you are choosing to make a claim for, you have to be able to prove its authenticity. This means showing proof of the following examples:

Receipts for lost or stolen items
Boarding pass for delayed flights
Booking Invoices from Travel sites for cancelled trips
Hospital or Doctor’s bills for medical claims
Police reports for theft

Fact #3Get proof from external parties

Apart from your own documents, it’s extremely important to get written confirmation from external parties such as the airline you were flying on or the hotel you stayed at as proof of travel disruption, for instance. This will help to expedite the claims process.

Fact #4Get insurer to accept medical claim

If you have encountered medical conditions overseas, when it’s not an emergency situation, make sure to call the insurance company and get them to accept the claim first, so then you will less likely get a rejected claim.

Fact #5Call the police ASAP for theft

When your luggage or belongings are lost or stolen, you are required to contact local police within 24 hours after the theft takes place and get a written police report. Pay attention that unattended belongings may not be covered as it is considered as personal responsibility.

HK Travel Insurance Tips

Here are some Travel Insurance tips that can help you select a great policy and give you peace of mind when travelling out of Hong Kong.

Tip #1

Check if you can make claims on flight delays that are caused by natural disasters, such as typhoons. You will not be covered if you did not purchase your plan before the typhoon signal is issued -- so buy coverage as soon as your trip is finalized.

Tip #2

Did you know that in certain cases, you can make claims and get your money back within a few hours? For example, if you get MSIG travel insurance and rent a car in Japan, you could make a claim much faster (just a few hours)!

Tip #3

A majority of travel insurance plans do not provide coverage on accidental loss of mobile devices. However, Hang Seng travel insurance and AXA travel insurance plans typically do!

Travel Insurance Promotion

Many travel insurance providers offer discount promotions to customers, all you have to do is just purchase through their website and apply a designated promo code. Take Hang Seng Travel Insurance as an example, Hang Seng customers can get up to 25% and 30% discount for single and annual plans. For Blue Cross, SmartClub members and enjoy 40% off and get a FoodPanda HK$50 e-voucher upon successful purchase online. Make sure to check MoneySmart for the best deals before purchasing and get exclusive offers!

Travel Insurance Recommendations 2020

Which travel insurance suits me the most?

There is no such thing as the best insurance policy but there is a policy that suits you the most. Get it now!

Common Travel Issues

Best Travel Insurance for Flight Delays and Cancellations

Popular Travel Destinations

Best Thailand Travel Insurance

4 things to consider before getting the right travel insurance policy

Single trip/ Annual multi-trip

If you are not a frequent traveler, single trip insurance is more suitable for you. If you take multiple holidays in a year, it would be wise to go for an annual multi-trip policy, which provides cover for a full year at a discounted rate without the hassle of re-purchasing insurance every time.

Destinations

You are only covered for the countries listed in your policy. So it is important to get the right policy that is designed to provide cover for the places you will be traveling. There are in general three types of cover: Global/ Asia/ China.

Individual/ Family/ Group

If you have travel companions, it is financially wise to get family/ group insurance instead of buying it separately. Some group insurance applies to an independent travel group with at least 3-5 people.

Coverage

If you want to be covered for driving or taking part in hazardous amateur sports & activities abroad, you need to pay for extra in addition to basic coverage.

Everything you need to know about travel insurance

Tip 1Excess

Your travel insurance policy may come with an excess amount, which is the specified amount deducted from any claims that are paid out.

Tip 2Making a claim

If a situation arises during your journey, you are required to contact the relevant authority/ party- the police, airline, travel agency right away to report your situation. Insurers require evidence to support your claim. So please remember to keep the true copy of all the supporting evidence.

Tip 3Lost phone cover

Many travel plans exclude phones from their coverage. So it is important to read the coverage before getting travel insurance.

How should I get insured?

Travel insurance is very common in Hong Kong and most people have their preferred way to get insured before they fly out. One of the most traditional ways to buy travel insurance is via ATM machines or via banks directly. Another traditional channel is to buy directly from the insurance company or through brokers. Some travel suppliers such as travel agencies, airlines or wifi egg providers may provide such add-on service. Airline & hotel comparison websites will also provide complimentary or discounted travel insurance when you shop with them. Although the travel insurance options are rather limited, this kind of bundle deal can both save you time and cost. To compare all travel plans at a glance, you can get travel insurance via insurance comparison sites such as MoneySmart. The insurance comparison site can give you a single view of all available travel insurance from different providers. What’s better, you may even get an additional discount or offers when purchasing insurance from the comparison site.

How to compare travel insurance plans?

There are hundreds of travel insurance plans in the market and sometimes it can be overwhelming to choose the one you need. One may be tempted to go for the cheapest plan without considering the cover, which is not ideal. It is important to understand the potential risks for your upcoming trip such as medical treatment, flight delay, extreme sports coverage, personal items and baggage lost, etc. Once you have got a clear picture of what is needed, the travel insurance comparison site will usually do the rest by giving you a glance at all available insurance plans based on your requirements. Before you make your final decision, you can also consider the reputation of the travel insurance provider such as their customer service or the claim experience.

Frequently Asked Questions

What is Travel Insurance and how does it help me?: Travel insurance helps protect you from risks before, during and after your trip. Travel insurance can cover personal accidents or medical expenses, travel inconvenience as well as theft and loss of Baggage. If you are travelling overseas you should definitely get a travel insurance plan as it’s relatively cheap and can protect you from unnecessary cost and risk.
What is the difference between Single Trip or Annual Travel Insurance?: When you buy travel insurance you can choose from two types of policies - Single Trip or Annual Trip coverage.

Single Trip Travel Insurance covers you for a single trip that originates and ends in Hong Kong.

Annual Travel Insurance covers you for all trips starting and ending in Hong Kong. You should consider buying Annual Travel Insurance if you travel frequently (more than 10 times a year). You will enjoy significant savings, and you won’t have to worry about purchasing travel insurance each time you travel as you are automatically covered for the entire year.
Are Family Travel Insurance Plans Cheaper?: Most insurers offer cheaper premium rates if you purchase your travel insurance as a family. If you compare plans offered by the same insurance provider, you can generally expect to save 5% to 15% when you purchase a family plan instead of an individual plan.
Can I buy Travel Insurance once I’m overseas?: No. Travel insurance must be purchased before your trip commences. You should buy your travel insurance as soon as possible, best after you’ve booked your tickets and hotels, as travel insurance cover starts right after your purchase, to give you the maximum coverage like trip cancellation or delay.
How do I compare travel insurance policies?: Travel insurance is a relatively simple insurance product. Almost all travel insurance policies will cover you for personal accident, medical and travel inconvenience. However, if you intend to rent a car or plan on participating in underwater sports like snorkeling or diving, you might want to get a travel insurance policy that covers these activities in addition to the basic coverage. Compare Travel Insurance Plans on MoneySmart for free and find the one with the best price and coverage level for you!
Which travel insurance policy is the cheapest?: You can save the cost of buying travel insurance in a number of ways. For example, you can consider buying an annual multi-trip policy to get your multiple trips covered at a discounted rate. To save your time and effort, MoneySmart has reviewed the policy in the market for you.
Which travel insurance company is the best?: There is no such thing as the best travel insurance company but there is one that suits you the most. You need to get a cover that suites your travel style. For example, if you want to be covered for driving or participating in hazardous amateur sports & activities while traveling, you need to pay for extra in addition to basic coverage. To help you get the right plan, MoneySmart has compared the policy in the market for you to make an informed decision.
Should I buy travel insurance if I study abroad or go on a working holiday?: No. When comparing with working holiday insurance, the coverage provided by travel insurance is insufficient for people who are studying abroad or going on a working holiday. As you will stay longer in a foreign country when studying abroad or going for a working holiday, your need for medical coverage is much higher. Also, some travel insurance does not cover any kind of manual or labor work during the period of insurance. Therefore, medical expenses at the workplace will not be covered.
What extra protection can I receive if a travel alert is issued for the planned destination?: If you purchased the travel insurance prior to the issuance of travel alert, your travel insurance company will compensate you for the loss incurred by trip cancellation or forced termination of your trip.
When should I buy travel insurance?: Certain circumstances or conditions are listed as exclusions in the travel insurance policy. Normally it includes war, high-risk activities, pregnancy, sexually transmissible diseases, sickness prior to the journey.
Are there any exclusions in the coverage in travel insurance?: Certain circumstances or conditions are listed as exclusions in the travel insurance policy. Normally it includes war, high-risk activities, pregnancy, sexually transmissible diseases, sickness prior to the journey.
Why should I compare Travel Insurance through MoneySmart?: Comparing travel insurance from different websites can be exhausting and complicated, which is why MoneySmart’s free compare comparison tool can come in handy. MoneySmart allows you to have a single view of all available travel insurance from different providers. What’s better, you may even get additional discounts or offers when purchasing insurance from MoneySmart.

Get the Best Travel Insurance in Hong Kong 2020

Refine Your Results

HK$172

Liberty Single Trip Travel Plan (Asia)

HK$190

STARR Companies TraveLead Extra Plan

HK$200

FWD TravelCare Insurance Plan B

HK$190

Sompo TravelJoy (Japan) Sliver Plan

HK$230

Zurich Get “Z” Go Breezy Plan

HK$173

Ping An Relax Plan

HK$365

Liberty Single Trip Travel Plan (Worldwide)

HK$141

STARR Companies TraveLead Essential Plan

HK$296

Sompo Go JAPAN Gold Plan

HK$301

Ping An Leisure Plan

HK$270

STARR Companies TraveLead Supreme Plan

HK$298

Ping An Deluxe Plan

HK$383

Zurich Get “Z” Go Elite Plan

HK$438

Zurich Get “Z” Go Supreme Plan

HK$290

FWD TravelCare Insurance Plan A

HK$292.40

AXA SmartTraveller Plus Superior Plan (Single Journey)

HK$211.65

AXA SmartTraveller Plus Economy Plan (Single Journey)

HK$134.30

AXA SmartTraveller Plus Budget Plan (Single Journey)

HK$296

AIG @Travel Protection Plan (Worldwide Gold)

HK$340

AIG @Travel Protection Plan (Worldwide Platinum)

Compare Travel Insurance in Hong Kong 2020

How Do I Choose The Best Travel Insurance?

Single V.S. Annual Travel Insurance

Add-on coverage

Check the limits and excess

What does travel insurance usually cover?

Medical expenses

Trip cancellations and delay

Loss of baggage and personal items

Personal accident

Personal Liability

High risk sports coverage

Exclusions in Travel Insurance

Making a Travel Insurance Claim

Fact #1Do not wait too long

Fact #2Keep originals

Fact #3Get proof from external parties

Fact #4Get insurer to accept medical claim

Fact #5Call the police ASAP for theft

HK Travel Insurance Tips

Tip #1

Tip #2

Tip #3

Travel Insurance Promotion

Travel Insurance Recommendations 2020

Common Travel Issues

Popular Travel Destinations

4 things to consider before getting the right travel insurance policy

Single trip/ Annual multi-trip

Destinations

Individual/ Family/ Group

Coverage

Everything you need to know about travel insurance

Tip 1Excess

Tip 2Making a claim

Tip 3Lost phone cover

How should I get insured?

How to compare travel insurance plans?

^HK$172

^HK$190

^HK$200

^HK$190

^HK$230

^HK$173

^HK$365

^HK$141

^HK$296

^HK$301

^HK$270

^HK$298

^HK$383

^HK$438

^HK$290

^HK$292.40

^HK$211.65

^HK$134.30

^HK$296

^HK$340