Feature Articles: Insurance - OCBC Wealth Management

Don’t leave home without it

If you're travelling during the upcoming school holidays, be sure to buy travel insurance. At OCBC Bank, TravelWise *, which is a travel insurance policy, can be easily bought online. It is a quick and hassle-free way of buying peace of mind when you travel.

It's reassuring to know that should you lose your baggage, seek medical treatment, or injure yourself accidentally, you'll be covered by TravelWise.

Unforeseen events can happen when you are travelling. In fact being in a foreign land, away from home, makes it even more comforting to know that you can seek help when necessary.

Here's a simple case study

Karen went for a holiday in London for two weeks. Upon arriving in London and collecting her luggage, she discovered that it was damaged and lodged a report to the airline. After returning to Singapore, she submitted the report to OAC Insurance and received compensation. All this was done in a short period of time. Looking back, she is glad that she had bought TravelWise prior to the trip.

A person who should have bought travel insurance

Thomas went to India for a short three-week holiday. He wanted to buy TravelWise but forgot and decided not to buy it, thinking that the likelihood of an unfortunate event happening to him was remote. Many of us read and hear about unfortunate things happening to others, but often we think that it will never happens to us.

While Thomas was holidaying in India, he injured himself and had to be hospitalised for a few days. At the end of his hospital stay, he had to fork out $1,000 to pay for his hospital bill.

Had Thomas bought TravelWise, he would have been reimbursed for his hospital bills and received a daily hospital cash benefit.

More about travelWise

With TravelWise you are covered against practically all contingencies like accidental death and disability of up to S$100,000, medical expenses of up to S$100,000, trip delays, hospitalisation, missed flight connections, loss and damage of luggage and more. And the best part is, it also covers you against Acts of Terrorism* up to S$100,000.

Buying online is easy

To buy TravelWise, click here.

Then click on the “Apply Now” link and fills up the TravelWise Activation form, after which you can make payment using your credit card.

It's simple, takes only a few minutes and assures you peace of mind.

Important Information

Stories presented draw on various composite elements from real life scenarios. Names of individuals cited have been changed to protect their identities.

TravelWise is underwritten by OAC Insurance (Overseas Assurance Corporation Ltd), a financially strong composite insurer with over 80 years of experience. It is a wholly-owned subsidiary of Great Eastern Holdings Ltd, which in turn is a subsidiary of OCBC Bank. The precise terms and conditions of the policy are set out in the policy documents.

*Excludes injury or losses resulting directly or indirectly from the utilization of Nuclear, Chemical or Bilogical weapons.