Single-Trip Vs Multi-Trip Travel Insurance — Which One to Select When Travelling Abroad?

Is Multi-Trip Travel Insurance Cheaper Than Single Trip Cover?

Multi-trip travel insurance can be cheaper than single trip cover for frequent travellers. This is because multi-trip policies cover multiple trips within a year, which can result in significant cost savings compared to purchasing separate single-trip policies for each trip. Additionally, multi-trip policies often have a fixed annual premium, which can be more cost-effective than paying for multiple single-trip policies over the same period.

What Do Annual and Single Trip Travel Insurance Policies Cover?

Here is a list of what annual and single-trip travel insurance policies cover:

Annual Travel Insurance Policy

An annual travel insurance policy covers multiple trips taken within a year. It protects against medical emergencies, trip cancellations, lost luggage, and other travel-related issues, making it convenient for frequent travellers. It covers travel-related contingencies like Personal Accident coverage, ensuring financial protection in case of accidental death or disability. You also get medical expenses and evacuation, which cover emergency medical treatments and evacuation costs. Other benefits include coverage for Emergency Dental Pain Relief, Repatriation, Loss of Checked Baggage, Accidental Death & Disability in Common Carrier, Loss of Passport, and Personal Liability up to USD 250,000. You also get the advantage of Hijack Cover, Trip Delay compensation, Hospitalization Daily Allowance, Golfer's Hole-in-one, Trip Cancellation, Trip Curtailment, Delay of Checked Baggage, Emergency Cash Benefit, Missed Connection, Difference in Airfare due to delayed or early return, and Bounced Hotel are also included based on the chosen plan. These comprehensive covers ensure travellers can enjoy their trips with peace of mind, knowing they are protected against unforeseen circumstances.

Single Trip Travel Insurance Policy

A single-trip travel insurance policy from Bajaj Allianz General Insurance Company provides comprehensive coverage for various unexpected situations while travelling. It includes reimbursement for missed flights and trip cancellations due to unforeseen circumstances like sudden illness. Coverage extends to loss of baggage and passport, offering financial compensation and assistance in obtaining replacement documents abroad. Medical expenses, including emergency hospitalisation and dental treatment, are covered, alleviating the financial burden of healthcare costs abroad. Additionally, theft or burglary of personal belongings, delays or loss of check-in baggage, and emergency evacuation due to medical or political reasons are included. This ensures travellers can enjoy their trips with peace of mind, knowing they are protected against numerous travel-related mishaps.

Things to Consider When Booking a Single or Multi-Trip Policy

1. When booking a single or multi-trip travel insurance, consider the duration and frequency of your travels. For frequent travellers, a multi-trip policy offers convenience and potential cost savings compared to buying separate policies.
2. Evaluate coverage limits, including medical expenses, trip cancellation, and baggage loss, ensuring they align with your travel needs. If applicable, check for additional benefits like emergency evacuation, personal liability, and coverage for pre-existing conditions.
3. Compare premiums and deductibles to find the policy that offers the best value and peace of mind for your travel plans, whether for a single trip or multiple trips throughout the year.

Annual or Single Trip Insurance: What to Choose?

Consider your travel frequency and budget when deciding between annual and single-trip insurance. Annual insurance might be more cost-effective if you plan multiple trips within a year. However, single-trip insurance could be a better option if you only travel occasionally. Evaluate your needs and weigh the pros and cons before making a choice.

FAQs

Will a single-trip insurance plan cover pre-medical conditions such as high blood pressure?

Typically, when you purchase travel insurance online, it won't cover existing health conditions or other potential issues that might arise during your trip. However, it's possible to find insurance policies that cover these specific conditions.

What is the limit of the maximum age of one trip in an annual multi-trip policy and a Single Trip policy? 

The maximum age limit for a single trip in an annual multi-trip policy and a Single Trip policy is 70 years but it is always recommended to reconfirm before signing up for any policy.

How is the family defined in a single-trip policy?

In a single-trip policy, the definition of family includes the policyholder, their spouse or partner, and their children under a certain age.

Is it possible to fly alone by individuals under age 19?

Most airlines allow individuals under 19 to fly alone with parental consent or by booking unaccompanied minor services.

Does single-trip travel insurance cover multiple countries?

Single-trip travel insurance can cover multiple countries within a specified geographic region or as per the policy terms—it's important to review the coverage details.

How long is a single trip insurance? 

Single-trip insurance lasts 93 days for persons 65 years and under.

Does single-trip travel insurance cover cancellation?

Single-trip travel insurance may cover trip cancellation due to unforeseen events, such as illness, accidents, or other covered reasons—it's essential to review the policy for specific details on cancellation coverage.     *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. *Claims are subject to terms and conditions set forth under the travel insurance policy. *All prices mentioned are dynamic in nature and subject to change with time. The information provided is for general purposes only and is not intended as a substitute for professional or expert advice. Appropriate guidance or consultation from relevant authorities for travel-related concerns and queries is recommended.