Travelling can help you escape your boring daily routine but can also put you in danger, especially if you’re going abroad. In such a case, purchasing travel insurance has several travel insurance benefits. Usually, these plans offer sufficient financial security against unanticipated non-medical and medical emergencies abroad. *
However, it would help if you researched the various available policies before deciding on the insurance. Single-trip and multi-trip travel insurance are the two main categories of travel insurance policies.
The single-trip travel insurance plan offers financial protection against unforeseen circumstances for just one domestic or international trip. Up to 180 days of coverage are delivered. It will still be regarded as one trip even if you visit several different places in one trip. The plan lasts until either your return to India, where you initially boarded the flight or until the end of the policy period, whichever comes first. Depending on the insurer, the coverage period may be longer or shorter. Single-trip travel insurance typically includes coverage for hospitalisation costs, emergency dental care, home burglary protection, cash support for luggage, personal items, travel documents, and cash support for baggage loss or robbery. *
The multi-trip travel insurance plan offers one-year coverage, usually for a predetermined period. It allows you to take as many trips as you’d like while still being covered by the same policy. This plan also includes emergency medical expenses, loss of passport, trip cancellation, etc., just like single-trip insurance. However, some programs restrict annual travel time from 30-70 days. Therefore, before purchasing, carefully read all the terms and conditions. *
Which Strategy Is Ideal?
Except for duration, both plans offer comparable coverage. The number of trips you take each year will determine why you prefer one. It would be beneficial to remember how long those trips would take. Single-trip travel insurance plans are ideal for people who take long trips (more than 90 days) overseas once a year. No matter how many trips you take, multi-trip travel insurance starts the day you purchase a plan and ends 365 days later. People who frequently travel annually for work or business should consider this type of travel insurance. *
As the plan coverage varies from country to country, there are a few important considerations for purchasing travel insurance. Consider the following factors: the location, the length of the trip, the cash and valuables you will be carrying, the possibility of trip cancellation, the limits and exclusions of your insurance plan, and any potential medical costs associated with your sports and adventure activities. *
Choosing between single-trip or multi-trip travel insurance depends on your travel needs and frequency. If you are planning a one-time trip, single-trip insurance can provide adequate coverage for the duration of your journey. On the other hand, if you travel frequently throughout the year, multi-trip insurance offers convenience and cost-effectiveness by providing coverage for multiple trips within a specified period.
Make sure you always pay your travel insurance policy premium on time. A travel insurance premium calculator is an easy-to-use tool to determine the premium you would need to pay.
*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.
