Corporate travel insurance explained
How much is corporate travel insurance in Singapore?
What corporate travel insurance costs today for 9 headcounts from 2 to 100 travellers, per traveller and in total, within the region and worldwide.
What each headcount pays today
| Travellers | Within the region | Per traveller | Worldwide | Per traveller |
|---|---|---|---|---|
| 2 travellers | S$450.00 | S$225.00 | S$650.00 | S$325.00 |
| 3 travellers | S$675.00 | S$225.00 | S$975.00 | S$325.00 |
| 5 travellers | S$1,125.00 | S$225.00 | S$1,625.00 | S$325.00 |
| 10 travellers | S$2,250.00 | S$225.00 | S$3,250.00 | S$325.00 |
| 15 travellers | S$3,037.50 | S$202.50 | S$4,387.50 | S$292.50 |
| 20 travellers | S$4,050.00 | S$202.50 | S$5,850.00 | S$292.50 |
| 30 travellers | S$6,075.00 | S$202.50 | S$8,775.00 | S$292.50 |
| 50 travellers | S$9,562.50 | S$191.25 | S$13,812.50 | S$276.25 |
| 100 travellers | S$12,200.00 | S$122.00 | S$14,200.00 | S$142.00 |
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
How much is corporate travel insurance per traveller?
Within the region, from S$122.00 a traveller a year (100 travellers) to S$225.00 (2 travellers) at the lowest price today.
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.
How do I buy it?
You buy HL Assurance’s Corporate Travel360 on HL Assurance’s own site with your company’s details: Buy Now takes you there, and HL Assurance issues the policy. QBE and EQ Insurance take a proposal form, and Etiqa sells through partners: Apply Now sends your details to us, and we get the form, help you fill it in and place the cover. Ask Shenton to arrange sends us the plan you picked and we arrange it for you.