Last month, SingSaver ran a campaign which offered 4 miles per dollar on travel insurance purchases, as well as a 100,000 KrisFlyer miles giveaway.
The giveaway has since closed to entries, but the 4 mpd has been renewed till 1 July 2024, with a different list of participating policies this time round.
If you’re thinking of buying a single trip or annual plan, this is a great opportunity to pick up some bonus miles in the process, since almost all banks now exclude rewards for insurance.
Earn 4 mpd on travel insurance purchases
From 7 May 2024, 2024, 9 a.m to 1 July 2024, 8.59 a.m, purchases of selected travel insurance products via SingSaver will earn a total of 4 KrisFlyer miles per S$1.
The following products are participating:
- AIG Insurance (Single Trip & Annual Trip)
- FWD Insurance (Single Trip & Annual Trip)
- Great Eastern Travel Smart (Single Trip & Annual Trip)
- MSIG Insurance (Single Trip & Annual Trip)
- Singlife Insurance (Single Trip & Annual Trip)
- Seedly Travel Insurance (Single Trip)
- Starr Insurance Singapore (Single Trip & Annual Trip)
All premiums will be rounded down to the nearest S$1 before miles are awarded; for example a S$200.80 policy will earn 800 miles.
KrisFlyer miles earned under this offer will be deposited directly to your KrisFlyer account by 30 August 2024.
| โ KrisFlyer miles or Max Miles? |
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Under this campaign, you can choose to earn 4 KrisFlyer miles or 4 Max Miles per S$1 spent.
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Terms & Conditions
The T&Cs for this campaign are split into two sets, but they both apply concurrently (i.e. each set of T&Cs mentions an earn rate of 2 mpd for a total of 4 mpd).
What credit card should you use to pay?
Unfortunately, the vast majority of credit cards now exclude rewards for insurance purchases. What few remain offer mediocre earn rates ranging from 0.24 to 1.2 mpd.
| Card | Earn Rate |
 Maybank Visa InfiniteApply |
1.2 mpd (capped at S$3,000 per calendar month) |
 StanChart Prudential Visa SignatureApply |
0.44 mpd |
 KrisFlyer UOB Debit CardApply |
0.4 mpd (additional miles can be earned from KF UOB account, capped at 5% of MAB) |
 StanChart Prudential PlatinumApply |
0.29 mpd |
 Maybank Horizon Visa SignatureApply |
0.24 mpd |
If you’re a Citi cardholder, however, you could use insurance premiums to help you meet the minimum spend for welcome offers or card benefits (e.g. limo rides with the Citi Prestige). Even though these transactions don’t earn any points, Citi has confirmed they will still count towards the minimum spend.
Conclusion
From now till 1 July 2024, SingSaver is offering 4 mpd on travel insurance purchases, so be sure to browse the selection and see what works for you. My preferred option is Singlife because they cover the loss of miles and points, and have a “cancel for any reason” clause that you can invoke a maximum of once per policy/policy year.
There really aren’t a lot of options left for earning miles on insurance, so this is a rare opportunity.
The T&C states it ends on 7th May instead of 2nd May FYI.