Corporate travel insurance explained
Corporate travel insurance: group discounts and minimum premiums
How each insurer's corporate travel rate per traveller changes with the size of the group, and the minimum premium each charges, from their published rates.
Each insurer's cheapest rate per traveller, within the region
| Travellers | HL Assurance | QBE | EQ Insurance | Etiqa |
|---|---|---|---|---|
| 2 travellers | S$225.00 | S$250.00 | S$250.00 | S$237.00 |
| 5 travellers | S$225.00 | S$240.00 | S$225.00 | S$237.00 |
| 10 travellers | S$225.00 | S$240.00 | S$225.00 | S$237.00 |
| 15 travellers | S$202.50 | S$216.00 | S$220.00 | S$237.00 |
| 25 travellers | S$202.50 | S$204.00 | S$220.00 | S$237.00 |
| 50 travellers | S$191.25 | S$204.00 | S$220.00 | S$200.00 |
| 100 travellers | S$144.00 | S$180.00 | S$122.00 |
- HL Assurance: 10% off from 15 travellers, 15% off from 50 travellers; no minimum.
- QBE: 10% off for 11 to 24, 15% off for 25 to 50, 20% off for 51 or more; at least S$500.00 a policy.
- EQ Insurance: no group discount; at least S$500.00 a policy.
- Etiqa: no group discount and no minimum.
HL Assurance is our one featured insurer for corporate travel insurance: you buy it through our Buy Now link. As on our corporate travel page, a plan from another insurer priced below HL Assurance’s cheapest plan is not shown. Every headcount · Price your own team.
How these prices are worked out
HL Assurance’s prices are worked out from the Corporate Travel360 rates on its own site and include GST. QBE’s are from the premium table in its April 2023 Corporate Travelon brochure, which does not say whether GST is included; they are shown as printed. EQ Insurance’s are from its September 2023 Biz Care Travel brochure, which says no GST is required. Etiqa’s are from the table on its own Corporate Travel page, which says GST is not applicable. Each price is for a year's cover of every business trip, a rate per traveller; age does not move it within each insurer's limits. Shenton Brokers is an insurance broker in Singapore. Every headcount is in a CSV file, updated daily.
Questions people ask
Do bigger groups pay less?
Each insurer charges a rate per traveller a year. HL Assurance takes 10% off from 15 travellers and 15% from 50; QBE takes 10% off from 11, 15% from 25 and 20% from 51. EQ Insurance and Etiqa give no group discount.
Is there a minimum premium?
QBE and EQ Insurance each charge at least S$500.00 a policy; HL Assurance and Etiqa have no minimum.
Are travellers named on the policy?
Fewer than 5 travellers are named on the policy; from 5, the policy can cover your employees unnamed, so you can send whoever needs to go.
What about more than 50 travellers?
HL Assurance sells online for up to 50 travellers; for more, its site takes a request by email. QBE's brochure prices any size, with 20% off above 50; EQ's and Etiqa's price any size at the same rate per head.