MSIG enhances coverage for overseas study insurance

01 Apr 2024

MSIG Insurance has enhanced its Global Study Insurance to meet the needs of students going on overseas education. The upgraded policy features higher medical coverage for overseas hospitalisation and COVID-19 treatment, trauma counselling and leisure travel protection.

With three different plan levels and term options ranging from 1 to 12 months for new policies, Global Study Insurance offers choices for every budget and flexibility for renewal.

Key Features:

  • Medical Benefits: Up to $50,000 for overseas hospitalisation fees and up to $50,000 for COVID-19 treatment in the hospital.
  • Trauma Counselling: Up to $2,000 cash for psychological support from injury related to traumatic events.
  • Leisure Travel Cancellation or Disruption: Up to $300 for cancellation or non-refundable travel expenses if policyholder is hospitalised.
  • Entertainment Ticket Cancellation: Up to $300 for cancellation of unused tickets due to hospitalisation.
  • Loss of Personal Belongings at Overseas Residence: Up to $5,000 for loss of or damage to personal belongings due to theft, fire or natural disaster.
  • Sponsor Protection: Up to $30,000 for unpaid tuition fees if sponsor passes away or suffers permanent total disability due to an accident.
  • Child Guard: Up to $10,000 for travel expenses required for a relative to accompany the insured child back to Singapore.

“Studying abroad offers new experiences and the opportunity to expand one’s horizons. Yet, it can be overwhelming when emergencies hit. We recognise the challenges that customers may encounter and have enhanced our policy to take care of those unexpected moments. With our benefit-rich coverage, our policyholders are assured of dedicated support as they embark on an exciting chapter in their educational journey,” said Steven Leong, Senior Vice President of Retail Distribution, MSIG Singapore.

With the Global Study Insurance, students can look forward to an all-inclusive coverage by a leading general insurer. MSIG is currently one of the few in the market to offer leisure travel protection and child guard cover, and provides one the highest sums available for medical protection under main cover. The plan also extends the option of insuring accompanying spouse and up to 5 children of the insured student under one policy.

Customers can now enjoy 20% discount when they purchase MSIG’s Global Study Insurance plans. Learn more about Global Study Insurance here.

 

About MSIG Insurance

A leading general insurer with a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. MSIG Singapore holds an A+/Stable financial rating by Standard & Poor's.

A testament to its growing strength and influence, MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer-centric solutions.

MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and a member of the MS&AD Insurance Group – one of the largest general insurance groups in the world with presence in 50 countries and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as well as in Australia, New Zealand, China, Hong Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non-life insurance groups in the world based on gross revenue.

www.msig.com.sg

 

For more information and media enquiries, please contact:

 

Carole Chow

AVP,

Brand & Communications

MSIG Insurance (Singapore) Pte. Ltd.

D: +65 6012 1258

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