Back in March, SingSaver launched a new promotion that offered KrisFlyer miles for travel insurance purchases. With an earn rate of 4 mpd, this was a rare opportunity indeed, given how almost all banks now exclude rewards for insurance.
The offer has been periodically renewed, and the latest extension now runs till 30 September 2024. A total of seven different insurers are participating, with both single and annual trip policies eligible.
Earn 4 mpd on travel insurance purchases
From 1 July 2024, 9 a.m to 30 September 2024, 5.30 p.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)
- HL Assurance Insurance (Seedly Travel Insurance Single Trip)
- MSIG Insurance (Single Trip & Annual Trip) [suspended from 20 August 2024 5 p.m, replaced instead with up S$40 Shopee voucher]
- Singlife Insurance (Single Trip & Annual Trip) [suspended from 14 August 2024 5 p.m, replaced instead with S$70 Shopee voucher]
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 15 November 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).
The maximum number of miles you can earn for the purchase of an eligible product is 250,000, though I can’t imagine anyone will be constrained by that.
Which policies cover the loss of miles and points?
Those of us who collect miles and points will know that they’re as valuable as cash. Even if you’re not explicitly paying for them (e.g. buying miles or hotel points from the loyalty programmes themselves, or via services like CardUp/Citi PayAll), there’s always an implicit cost involved in earning them (in the sense that you could have swiped a cashback card instead).
Unfortunately, most insurers don’t see it the same way, and the vast majority of policies explicitly exclude frequent flyer miles or points.
Fortunately, there are exceptions. Over on the SingSaver landing page for MileLion readers, you can tick a filter to see which policies cover the loss of frequent flyer points.
At the time of writing, the following policies cover the loss of frequent flyer points and participate in the 4 mpd promotion:
- AIG Travel Guard Direct
- Singlife Travel Plus & Prestige
However, there are other options too. Refer to the post below for more information.
Which travel insurance policies cover miles and points bookings?
What credit card should you use to pay?
This is a tricky question, because the vast majority of credit cards 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) |
 SC 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) |
 SC Prudential PlatinumApply |
0.29 mpd |
 Maybank HorizonApply |
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 30 September 2024, SingSaver is offering 4 mpd on travel insurance purchases. If you’ve got an upcoming trip, or simply need to renew your annual travel insurance policy, 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. But don’t forget that AMEX is offering a great promotion on its My Travel Insurance plans too, which also provide miles and points coverage.
