No it does not.
The Wise Traveller travel insurance inclusion is an arrangement we have negotiated to cover all our members as individuals regardless of where they live. Every member enjoys the same level of cover when travelling whether you live in Singapore, United Kingdom, Australia or China. This also means even if you relocate to a different country you can take your Wise Traveller membership with you, just let us know your new address. If you need more information contact us at any time at firstname.lastname@example.org