Compare the top travel insurance providers in Philippines — see cover, features and typical rates side by side.
10 live offers compared from 7 providers, from ₱1500 /taon. Updated daily.
₱1500 /taon
₱1500 /taon
₱1500 /taon
₱1500 /taon
₱1500 /taon
₱1500 /taon
₱1500 /taon
₱1500 /taon
₱1500 /taon
₱1500 /taon
Travel insurance is a short-term policy that covers financial losses tied to a trip — overseas medical treatment, emergency evacuation, trip cancellation or delay, and lost or delayed baggage. In the Philippines it is bought both by leisure travellers and by the many Overseas Filipino Workers (OFWs) and students heading abroad, and it is often a visa requirement rather than an optional extra. Providers include Mapfre Philippines, Pioneer Insurance Philippines, AXA Philippines, BPI, Philippine Charter, PNB General Insurance and Standard Insurance. Policies are sold per trip or as annual multi-trip cover, and the level of medical protection, cancellation limits and add-ons like adventure-sport or gadget cover vary widely between insurers, so the cheapest premium is rarely the whole story.
Travel insurance is regulated by the Insurance Commission (IC), which licenses insurers and oversees policy conduct and claims practices. A defining feature of the market is visa-driven demand: a Schengen visa application requires travel medical insurance with a minimum of €30,000 in cover, valid across the Schengen area and including repatriation, so insurers such as Mapfre Philippines, Pioneer Insurance Philippines and AXA Philippines specifically market Schengen-compliant policies with the certificate needed for the application. Beyond Europe, other destinations increasingly ask for proof of medical cover too. Policies are commonly bought online or through banks — BPI and PNB General Insurance distribute cover alongside their banking products — with the certificate of insurance issued quickly for attaching to a visa file.
Overseas medical cover — pays for hospital treatment and emergencies abroad, where costs can be far higher than at home.
Schengen and visa compliance — policies meeting the €30,000 minimum medical requirement provide the certificate needed for European visa applications.
Trip cancellation and delay — reimburses non-refundable costs if you have to cancel or your journey is disrupted for a covered reason.
Baggage protection — covers loss, theft or lengthy delay of checked luggage during the trip.
Start with your destination's requirements: if you need a Schengen visa, the policy must provide at least €30,000 in medical cover valid across the Schengen area with repatriation, so filter for Schengen-compliant products from the outset. Match the medical limit to the destination's healthcare costs — cover suited to Southeast Asia may be too low for Europe, the US or Japan. Check the trip-cancellation limit against your prepaid costs, and read exclusions carefully, especially for pre-existing conditions, adventure sports and pandemics. Decide between single-trip and annual multi-trip cover if you travel often. Confirm how claims and 24-hour emergency assistance work, and that the insurer is licensed by the Insurance Commission before you buy.
Mapfre Philippines, Pioneer Insurance Philippines and AXA Philippines are among the most visible travel insurers, offering Schengen-compliant and worldwide policies with a range of medical limits. Standard Insurance and Philippine Charter provide travel and general insurance products with varying cover tiers. On the bancassurance side, BPI and PNB General Insurance distribute travel cover alongside their banking channels, which is convenient for existing customers arranging a policy at the same time as booking. Cover levels, exclusions and premiums differ across all of these, so it pays to compare the medical limit, cancellation cover and assistance service rather than the premium alone.
Premiums generally start from around ₱1,500 for a basic single short trip and rise with the trip length, destination, traveller age and the level of cover. A Schengen-compliant policy for a European trip costs more than regional Southeast Asian cover because of the higher medical limit and repatriation requirement, and long-haul destinations such as the US or Japan push premiums higher still. Annual multi-trip policies cost more upfront but can be cheaper than several single-trip policies for frequent travellers. Add-ons for adventure sports, gadgets or higher cancellation limits raise the price. Because a low premium may reflect a low medical limit or heavy exclusions, weigh the price against the actual cover provided.
Travel insurers are regulated by the Insurance Commission, which licenses providers and oversees fair claims handling and solvency. When a policy is required for a visa, it must meet that authority's standard — for Schengen, a minimum €30,000 medical cover valid across the member states with repatriation included — and the insurer issues a certificate for the application. Read the policy wording for exclusions, claim deadlines and the documents needed, since claims are commonly refused for undeclared pre-existing conditions or missing evidence. Keep receipts, medical reports and police reports for lost items. If a licensed insurer mishandles a valid claim, you can escalate the dispute to the Insurance Commission.
Do I need travel insurance for a Schengen visa? Yes — you must show medical cover of at least €30,000 valid across the Schengen area with repatriation, and insurers issue a compliant certificate. How much does it cost? Premiums typically start around ₱1,500 and rise with destination, duration, age and cover level. Does it cover OFWs? Leisure and travel policies cover Filipinos travelling abroad, though OFWs should check whether separate mandatory cover also applies to their deployment. Are pre-existing conditions covered? Often excluded unless specifically declared and accepted, so read the wording. Single-trip or annual? Annual multi-trip is usually better value if you travel several times a year. Who regulates it? The Insurance Commission.
The cheapest Travel Insurance in Philippines is ₱1500 /year from Mapfre Philippines.
Giraffy tracks 5 travel insurance products across Mapfre Philippines,Pioneer Insurance Philippines,AXA Philippines,BPI insurers in Philippines. The lowest tracked price is ₱1500 /year. Compare by cover level and excess, not just price — a very cheap policy may have low medical cover limits or high excesses that leave you underinsured.
At minimum, look for: emergency medical treatment and repatriation (at least £5–10 million), trip cancellation and curtailment, baggage and personal effects, personal liability, and passport/travel document cover. Travel to the US requires especially high medical limits due to healthcare costs.
If you take three or more trips per year, annual multi-trip insurance is almost always cheaper than buying single-trip policies. The annual policy covers an unlimited number of trips up to a maximum trip duration (typically 31–90 days). Check that all your planned destinations and activities are included.
Standard policies often exclude pre-existing conditions or charge an additional premium to include them. Always declare medical conditions when applying — failure to disclose can invalidate your claim. Specialist providers offer cover for conditions like diabetes, heart disease, and cancer, though premiums will be higher.
Most standard policies exclude or limit adventure sports — skiing, snowboarding, scuba diving, and other higher-risk activities require specialist cover or add-ons. If you're planning active travel, check the policy's activity list or take out a specialist policy that explicitly includes your planned activities.
The excess is the amount you pay towards each claim before the insurer pays the balance. Higher excess = lower premium. Choose an excess you can comfortably afford — if your excess is £200 and your lost luggage claim is £150, you'll receive nothing. Check whether the excess applies per claim or per incident.