Cheapest Travel Insurance in the Philippines comparison - Which is the best?

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Travel insurance offers peace of mind when you’re away from home, covering everything from medical emergencies, to cancelled flights and lost baggage. With the right policy, you’ll know you’ve got help on hand no matter what happens, so you can relax and enjoy your trip.

This guide examines the cheapest travel insurance in the Philippines for different customer needs, to help you pick the right one for you. We'll also introduce the Wise card, a handy travel companion to make seamless card payments when you're overseas.

What to note for when looking for the cheapest travel insurance

It’s helpful to start by saying that there’s not really one cheapest travel insurance in the Philippines, as insurance premiums depend on individual plans and circumstances. So the provider which offers the cheapest single trip travel insurance for one person may not be the best bet for the next - which means you’ll need to research providers yourself to find the perfect fit for your next trip.

This guide is here to help. We’ve picked out some good providers to kickstart your research, and we’ve got some ideas on what to think about while you choose, next:

Travel insurance coverage

Different travel insurance policies can cover slightly different things, from country specific inclusions or exclusions, to trip length or different activities which you may plan on taking part in during your trip.

Look carefully at the plans you’re considering, checking the countries which are covered first of all. Some providers have specific Asia or Oceania plans, for example, or Schengen plans for a trip to Europe. For single trip plans you’ll need to specify the exact country or countries you’re travelling to when you get your quote, You may also choose Worldwide plans which can be particularly helpful if you’re looking for an annual plan with flexibility.

Check also the length of the policy to make sure it's suitable for your trip. Single trip policies are available which you can set to cover the correct duration for your plans, but there are also annual policies which can work out cheaper if you travel a lot. Annual plans may have a cap on the number of trips, or the number of total days of travel that will be covered during the year.

Finally check the plan covers activities you plan on doing while you’re away. Hazardous activities like winter sports, climbing or water sports may not be covered without paying additional premiums for example.

Price

If you’re looking for the cheapest travel insurance in the Philippines, the price of your policy is a crucial consideration. Insurance premiums are set depending on your age, health, destination, trip duration and many other factors. This means that usually you’ll need to call the insurer to ask for a personal quote, or complete an online form to get your pricing.

Etiqa which we feature in this guide has a handy calculator tool which is worth mentioning - this can give you a good idea of costs based on your planned trip, with no commitment to hand over any personal details. Get a quote from Etiqa and then you can compare this against other providers during your search.

Promotions and discounts

Before you commit to a travel insurance policy, see if the provider you prefer has any new customer discounts or promotions on cover. It’s quite common to find that new customers qualify for a lower premium to encourage brand loyalty.

Comparison of the best travel insurance in the Philippines

Here’s an overview of our comparison of the best travel insurance in the Philippines. We’ve picked out five providers which offer varied plans to meet the needs of different customers. We’ve also got more detail on each coming right up, with a look at who the policies may be best for.

*Details correct at time of research - 5th November 2025

Travel insurance premiums depend on your personal circumstances and the trip you’re taking. That means there’s not really one ‘cheapest’ provider or policy - but we’ve picked out who these plans may appeal to particularly, to help you narrow down your research.

Oona Travel Insurance: Possibly the cheapest travel insurance for over 70s

• Domestic and international single trip or annual plans
• Schengen plans up to 99 years of age, for 90 day trips - additional premiums apply⁶
• Annual international plans from 13,940 PHP/year, or from 299 PHP for single trip cover
• Covid cover comes as standard on all policies with health benefits

Oona offers several different plan types which cover both domestic and international travel. You can pick the plan coverage level which suits you, with options for Schengen travel for people up to the age of 99, and for Asia or world travel up to 75 years of age.

Add-on plans include cruise cover, hazardous activities and sports equipment.

Pacific Cross Travel Insurance: Could be your cheapest travel insurance with a medical condition

• Worldwide, Asia and Oceania, Land and Sea travel plans
• Pre-existing conditions may be covered without a medical exam⁷
• Cashless medical treatment and enhanced medical cover on some plans
• From 29 USD for a 4 day Worldwide policy, or 44 USD for a 7 day cover

Pacific Cross offers several different plans depending on your destination and the duration of your trip. Cover protects you against medical emergencies, as well as travel inconveniences like delays, cancellations and loss of documents or baggage.

You’re always required to declare any pre-existing conditions on a travel insurance plan, but the Pacific Cross plans could suit people with medical conditions which they declare, as cover may still be provided subject to individual circumstances.

AXA Travel Insurance: Can be cheapest travel insurance for a Schengen visa

• 3 different international plans based on policy coverage needs - Lite, Classic and Essential
• All plans are Schengen approved, so you can select the one with the cover level you prefer
• Covid cover offered as standard
• Premiums are offered by individual quotation only

AXA is a huge insurance provider globally and has several different tiers of plans for travel insurance in the Philippines. All plans are Schengen accredited in all Schengen area countries, allowing you to then select the cover levels which suit your needs from any of the available plans.

Cover includes medical care, 24/7 emergency travel assistance, protections for baggage loss and theft, and more.

Etiqa Travel Insurance: Cheapest annual travel insurance for certain customers

• International and domestic, single trip and annual plans
• Some plans are available for customers up to 80 years old
• Handy calculator to get a quote without giving personal contact information
• Plans from 460 PHP for a single trip of 4 days in the UK

Etiqa has handy tools to let you calculate your premium without needing to give details of your phone number or email to the insurer, which allows you to play with different policy types to find the one which suits your needs. Policies include international and domestic, single trip and annual plans which lets you set the duration needed for your specific schedule.

Features of these plans include bail bond payment, and a money advance if you are the victim of crime and lose your cash or cards while away from home.

BDO Travel Insurance: Possibly cheapest travel insurance in the Philippines for cruisers

• 4 different plans based on policy coverage needs, including single trip and annual options
• Even the most basic plan offers non-refundable cruise expense coverage for trip cancellation
• Convenient option if you already bank with BDO
• Plans offered from 411 PHP for single trip of 6 days through to 1,898 PHP for a premium plan of 15 days

BDO offers a broad selection of insurance plans called A, B, C and D. You can sign up for a single trip plan or an annual option, and the cover levels vary between plans. Plan B has benefits for pre-existing conditions and extreme activities which are not usually covered without buying add on packages.

It’s worth noting that only one named plan - the 2.5 million Worldwide plan - offers sufficient cover for Schengen visa applications. If you’re travelling to Europe make sure your policy is suited to the countries you’re going to visit.

Get your Wise card before travelling abroad to save when you spend in foreign currency

The Wise card lets you spend in 40+ currencies at the mid-market rate including USD, SGD, GBP, and JPY so you know you'll be getting a great deal in over 150+ countries. Simply create a free Wise account, order a card and top-up PHP to get started.

A physical Wise card can be ordered for a low fee of 369.60 PHP. Having a physical Wise card allows you to make chip and pin payments, as well as 2 free ATM withdrawals to the value of 12,000 PHP each month, before low fees start.

While abroad, you can choose to spend directly in PHP and let auto-conversion do the trick, or convert to your desired currency with your Wise account. Either way, you’ll get the exchange rate you see on Google, with low, transparent fees from 0.57%.

Save while you spend, and make overseas spending seamless with a Wise card.

💳 Get your Wise card today

1. Oona Travel Insurance
2. Pacific Cross Travel Insurance
3. AXA Travel Insurance
4. Etiqa Travel Insurance
5. BDO Travel Insurance
6. Oona insurance brochure
7. Pacific Cross Worldwide Elite