There is nothing like the anticipation you feel before departing on a trip. But occasionally, you might run into a bad situation that could ruin your trip. This is why obtaining travel insurance from India is essential before any domestic or international travel is planned.
Travel insurance offers protection from any unanticipated mishaps during your trip. In addition, it can provide financial protection for the following:
- Delays or cancellations of travel
- Lost travel documents, cash, or luggage
- Hospitalisation costs in the event of an accident or medical crisis
- Home break-in
- Dental issues
- Private responsibility
- 24-hour support
High-risk activities like bungee jumping, rock climbing, accidents caused by drugs, etc. are some things that travel insurance policies do not cover.
What distinguishes annual travel insurance from single-trip coverage?
The two most popular types of travel insurance on the market are single-trip and multi-trip policies. You can make the best choice if you are aware of their differences.
Travel insurance for a single trip
Single trip cheap travel insurance may be the best option if you don’t travel frequently. Financial losses from both domestic and international travel are covered by a single trip of travel insurance. From the moment you leave for the trip, the plan provides coverage for up to 180 days. However, the insurance company may determine how many days are covered. When you return home or to your hometown, the single-trip policy’s coverage period comes to an end.
Travel insurance for multiple trips
Every time you go on a trip, you might have to pay for travel insurance. To save time and money, you might think about purchasing a multi-trip travel insurance policy. International travellers who travel frequently should consider purchasing travel insurance for multiple nations. Travel insurance provides 365 days of coverage. Any number of visits you make within a calendar year is covered by the insurance plan. Annual travel insurance offers 30 or 45 days of coverage for a single trip. Therefore, if you want to stay somewhere for longer than 180 days, the plan might not be applicable.
For those who travel frequently for business and do not stay put for extended periods of time, an annual travel insurance policy is appropriate. It may be preferable to choose a plan that lasts the entire year rather than having to complete paperwork and research travel arrangements every time, like the annual multi-trip international travel insurance.
The following is a quick comparison of single trip and annual trip insurance plans:
Solitary trip protection
- 180 days of validity.
- Suitable for people who take one annual trip.
- A low premium is typical.
- Plan options that can be tailored to each trip.
Multi-trip or annual insurance
- It has 365 days of validity.
- Suitable for people who travel more frequently than once a year.
- The longer policy’s validity period results in a higher premium.
- Annual travel insurance has no option to customise the plan. A single policy covers the entire year.
What to choose: annual or single trip insurance?
Knowing the differences between a single trip and a multi-trip travel insurance plan will help you decide which one to purchase based on your needs and frequency of travel. The following considerations should be made when selecting a travel insurance policy for you:
How many vacations do you schedule each year?
The number of planned trips in a given year is one of the most important factors to take into account. Choose multi-trip travel insurance if you know you will need to travel frequently throughout the year. However, choose a single-trip, cheap travel insurance plan if you only intend to travel once.
How long will you be here?
One trip might not be the best option if you intend to stay for longer than 180 days.
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.