Travel spending for Asia-Pacific is forecasted to gain a 41% rise, taking the current total expenditure of USD 567 billion to USD 800 billion in 2027. Consequently, the market for business travel insurance is predicted to experience a 16% increase, hitting a valuation of USD 40.58 billion by 2027. 

商务旅行, however, carries the risk of unforeseen events, and it’s the travel insurance company’s expertise that keeps you out of trouble. Hence, you must search for the best business travel insurance providers before even booking your tickets or making other arrangements. 

Our extensive experience in this field enables us to minimize your search by shortlisting the top contenders of travel insurance for your business below. So let’s get started!

Best Business Travel Insurance in APAC

1. 前驱 – Best for medical coverage

FWD Insurance has been operating since 2013 and it features a travel insurance application (FWDFLYER) that provides cashless outpatient services at clinics approved by FWD, assists in finding nearby clinics, and offers emergency assistance contacts, local police details, and customer support.

• If you cancel the trip within 30 days of takeoff, FWD will reimburse you $ 5,000 for trip cancellation.
• In case of COVID-19 medical expenses incurred during or after the trip, the company will cover up to $200,000 of your medical bills. 
• If you’re hospitalized due to the virus within 14 days of returning from the trip, FWD Insurance covers S$100 per day.

However, the add-on is only available for Single Trip and Annual Trip plans that last up to 90 days.

2. 特莱克斯  – Best for Flexible Travel Plans

TruFlex empowers travellers with a practical way to cut costs while maintaining flexibility. Whether you’re a start-up or a firmly established company, you no longer have to worry about upfront expenses resulting from last-minute changes. 

With TruFlex, you can save up to a remarkable 50% compared to the inflexible rates offered by hotels and airlines. TruFlex introduces flexible travel, allowing you to cancel 24 hours before a trip with an 80% cash refund without asking any questions or urging you to fill out unnecessary forms. 

What sets TruFlex apart is its unparalleled freedom. Unlike other flexible booking options, your TruFlex cash refund doesn’t tie you down. You have the liberty to rebook on any route, on any date, with any airline or travel provider of your choice.

3. AIA – Best for Medical Coverage

AIA isn’t your run-of-the-mill insurance; it’s a lifeline against injury, disability, or unfortunate loss. Whether it’s a medical emergency due to sickness or an accident compromising your employer’s well-being, AIA has you covered.

To ensure just and fair reimbursements, AIA highlights the following exclusions from its comprehensive medical coverage:

• Pre-existing conditions
• Pregnancy-related events
• Suicide and mental illness
• Cosmetic or elective surgery

Moreover, to ensure prompt assistance, AIA enables you to submit claims online, which involves a 30-minute session so you can get back to your corporate tasks in no time. 

4. Oona  – Best for Add-on Coverages

Oona offers a range of coverage options for seamless journeys to key destinations. Their services include medical expenses and hospitalization benefits, encompassing expenses incurred during hospitalization due to accidents, such as doctor’s fees, medical costs, and surgeries. 

Oona also ensures its duty of care by repatriating mortal remains service, handling transportation and related expenses for interment or funeral ceremonies. Moreover, they provide practical assistance with baggage delay, covering essential clothing and toiletries in cases of baggage delay exceeding six hours. 

With additional coverage for trip cancellation, personal liability,  accidental death, and permanent disability, Oona is your trusted partner for secure business travel.

5. TravelGuard – Best for Lodging Expenses

In this ever-evolving travel landscape, TravelGuard offers a unique solution for travel risk management required by corporate travellers facing the challenges of reentry into the U.S. due to a positive COVID test – the Lodging Expense Benefit. 

This thoughtful addition can provide coverage of up to $500 per person, catering to necessary lodging expenses. It’s a lifeline available to most policyholders who choose AIG Travel’s preferred or deluxe travel insurance plans.

6. AXA – Best for Cruise Travel

AXA’s Silver, Gold, and Platinum business travel insurance plans offer peace of mind even if you’re conducting your corporate meetings on a cruise. 

Covering last-minute cancellations, bad weather, and unforeseen changes, their travel managers provide benefits like trip cancellation, trip interruption, emergency medical and dental expenses, emergency evacuation, and baggage loss or delay. 

What’s more, their 24/7 assistance services, including travel and medical aid, concierge services, and emergency travel support, ensure you sail with confidence. 

7. AIG My – Best for Baggage and Personal Belongings Coverage

AIG is an excellent business travel insurance company, especially if you’re travelling to the Asia-Pacific region for your corporate deals. For a stress-free travel experience, AIG Malaysia offers essential protection for your personal belongings. 

AIG’s Travel Insurance covers travel hiccups like delays, personal belongings loss or damage, credit card fraud, car rental excess charges, and more. 

With AIG, you can travel with confidence, knowing that your well-being and possessions are safeguarded, ensuring a worry-free journey.

8. Allianz – Best for Annual Travel

For business travellers, Allianz offers the ease of safeguarding an entire year’s worth of trips with their annual plans. Tailored to your various needs and budgets, these plans provide extensive international and domestic coverage for 365 days. 

What’s more, their AllTrips travel insurance plans now feature the epidemic coverage endorsement. This addition extends coverage to select benefits, addressing losses related to COVID-19 and any future epidemics.

9. Singlife – Best for Bleisure travel

Singlife offers business travel insurance that covers trip interruptions or cancellations. Their corporate travel insurance covers Chiropractor expenses or Chinese Physician Expenses up to S$1,000 per accident.

Singlife’s dedicated helpline is ready to assist with travel emergencies both at home and abroad. They go the extra mile, offering valuable information about the countries you’re visiting, ensuring your journeys are as smooth and secure as possible.

10. Etiqa – Best for Unforeseen Events

Etiqa is a leading travel insurance company in 新加坡. It presents exhaustive coverage against flight cancellations, medical emergencies, emergency accommodations, and unexpected vehicle accidents, offering you peace of mind throughout your journey.

Furthermore, Etiqa steps in to cover the expenses of replacing lost passports or documents, as well as accommodation costs as specified in the policy. 

If your trip is terminated due to unavoidable circumstances outlined in the policy, Etiqa ensures you won’t be burdened with expenses for the unused portion of your tour or accommodation. 

TruTrip makes business travel easier

If you’re setting off to Asia-Pacific for corporate dealings, it’s vital to go through the terms and conditions of the business travel insurance company you’re opting for. 

Our list above features a classic mix of local, national, and international insurance companies, offering travel policies that make your trips hassle-free.

At TruTrip, we incorporate the most advanced software to guarantee worry-free travel for your business. If that’s what you’re looking for, then 预订演示 要么 注册免费试用 to experience firsthand how our cutting-edge technology can transform your corporate travel.