Travel insurance plans are broadly divided into two types – single-trip travel insurance and multi-trip travel insurance. Of these, multi-trip travel plans are the kinds that are useful if you are going to take several trips over the next few months and would like a single insurance plan to cover them all.
Commonly, multi-trip insurance is offered for the duration of a year. Hence, it may also be known as annual travel insurance. While the policy is in force, each trip you take is covered from start to finish, or for a period of 180 days, whichever is earlier.
Does this sound like the plan you should get? If you are thinking about annual travel policies, here is a look at their benefits and how suitable you may find them.
Multi-Trip Travel Insurance Benefits
Multi-trip travel insurance plans may share a number of their features with single-trip plans. However, they may offer some benefits over single-trip policies. If you are considering multi-trip travel insurance options over their counterparts, here is a look at some of the benefits they have to offer.
A single-trip cover is offered based only on the single trip that is being taken. On the other hand, a multi-trip plan allows you to get cover for as many trips as possible within a year. Here, the duration is key, i.e., the plan is usually offered for the duration of a year. Thus, if you are taking more trips during the year, this plan may help you save some money as compared to buying a single trip plan for each trip.
- Saves time
When you have a multi-trip plan, you are not required to buy an international travel insurance
policy every time you are about to fly out of the country. This eliminates one thing from your travel preparation checklist per trip. You can rest assured that, for the year, you have coverage and will not need to buy one.
- Prepares you for unforeseen events
Most people probably have their international vacations planned well in advance, or at least have a fair idea of the details. However, the year could have more surprises in store for you. For example, in addition to your two planned vacations, you may be required to take a work trip. Or you may be required to visit your partner or sibling abroad. A multi-trip travel insurance plan may help you stay prepared for such situations.
- Extensive coverage
Having multi-trip travel insurance offers coverage for more than medical emergencies abroad. It may offer coverage for loss of belongings, flight delays and cancellations, emergency medical evacuation, and such. *
Is Multi-Trip Insurance for you?
Multi-trip travel insurance from India
is deemed to be cost-effective. However, that does not mean that it is the better option even if you are only taking a single trip in the following year.
If you find yourself identifying with the following categories, you may like to consider annual travel insurance plans:
- If you have more than one trip planned during the next year:
Suppose you are planning to have one of the most eventful years, one where travelling features heavily. You have planned a year ahead where within the next 12 months, you have booked three international trips. In this case, it may be ideal for you to consider multi-trip travel insurance and choose the right plan for yourself.
- If you are an impulsive traveller:
Does “pack your bags and jet-set-go” sounds like the life you live? If so, you may want to put a small part of your travel budget into an annual travel insurance plan
. Even if it feels like a small amount when you are buying the policy, it may prove beneficial in the year to come.
- If you travel often for work or business:
Travelling for business is fraught with no lesser risks than travelling for leisure. If you are in a line of work that takes you places, literally, multi-trip travel insurance may be the right partner for you. This is especially so if you do not have an employer who is offering you travel insurance for every trip you take.
- If you have more-than-usual vacation days/benefits:
If you are expecting a year where you are going to have several opportunities to take time off from work, and want to use it to travel, this type of policy is to be considered. Moreover, if you have multiple vacation benefits left to be utilised in the next few months, you may consider this.
If you identify with these categories, multi-trip travel insurance may be right for you, especially for the year to come. However, if you are still not sure, you can compare multi-trip plans with single-trip ones, especially in terms of costs, features, and benefits.
* Standard T&C apply.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.