Single Trip Vs. Multi Trip Travel Insurance: What's Best For You - Article

Travelling can offer a welcome reprieve from the monotony of daily life. Still, it also puts you in potentially dangerous situations, particularly if you are venturing outside of your home country. Purchasing a plan that covers travel insurance internationally is helpful in a circumstance like this one. Typically, these insurance offer appropriate financial protection against unforeseen medical and non-medical problems while travelling outside of the country.

You are obligated to study the numerous insurance policies that are offered, however, before finalising the insurance policy. Single-trip travel insurance and multi-trip travel insurance are the two primary classifications of policies available in the field of travel insurance from India.

Only one journey, whether it be local or foreign, is covered under the terms of the single-trip travel insurance plan. This plan offers financial protection against unforeseen emergencies. It offers coverage for up to one hundred and eighty days. It is still considered one trip even if you travel to several different places during the course of a single excursion.

The plan begins when you check in for your flight leaving your home country (India), and it continues until either the conclusion of the insurance period or your return to India, whichever comes first (whichever is earlier). The length of time an insurer protects you can change from company to company. *

In most cases, a single-trip online travel insurance policy will provide financial assistance in the event of a loss or theft of luggage or other personal items, as well as provide travel claim for the replacement of a lost passport, hospitalisation costs, coverage for unexpected dental care, protection against home invasion, and emergency dental care.*

The multi-trip travel insurance plan offers coverage for a certain amount of time, often one year, during which you are permitted to travel an unlimited number of times while still being covered by the same plan. This plan, much like the insurance for a single trip, covers unexpected medical costs, the loss of a passport, trip cancellation, and other similar events. 

However, depending on the plan, the maximum number of days that can be spent away from home in a given year is anywhere from 30 to 70. As a result, before making a purchase, you must carefully go over all of the terms and conditions so that you can make a smooth travel claim.*

Which strategy should we go with?

The only difference between the two plans is the duration of the coverage. The amount of trips that you take within a given year is the major factor that should guide your decision between the two options. It would be helpful if you also kept in mind how long such journeys are going to take.

Single trip travel insurance plan is appropriate for persons who take long travels (greater than 90 days) overseas once every year. The coverage for multi-trip travel insurance begins on the day you purchase a plan and continues for a full year, regardless of the number of trips that are taken during that time. *

Those who frequently travel throughout the course of a year for work or business purposes are the ideal candidates for this sort of travel insurance.

While purchasing travel insurance from India, it is important to keep a few considerations in mind because the coverage of various plans differs depending on the country. For example, you should think about the location of your holiday, how long it will last, how much cash and valuables you will bring with you, any potential medical costs (which may be incurred as a result of any sports or adventure activities), the possibility of trip cancellations, and the coverage limits and exceptions of your insurance policy.*

* 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.

By Rehan

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