Single Trip V/S Multi-Trip Travel Insurance: Things to Know

Travel is one of the few things that most people love. It can be within the country or even outside it. Some travel once a year while some are frequent travelers. Whatever the frequency, a travel insurance policy is a must-have financial safeguard. An underrated investment during travels is a travel insurance policy. Any unfortunate event such as the loss of baggage, flight cancellation, or additional costs due to rescheduling, are taken care of using a travel insurance plan. While you were required to visit your insurance company’s office or schedule an appointment with an insurance agent in the past, you can now buy travel insurance online too. It is simple and convenient and can be purchased right after your flight tickets and hotel accommodations are booked, completing all essentials of your travel plan. Depending on the type of traveler you are, you might require to frequently purchase a travel policy. Instead, a multi-trip travel plan is a nifty way to ensure travel insurance coverage over a specified duration covering all the travels during that time. This article details the things you need to know about the type of plans based on the frequency of travel:

Single Trip Insurance

A Single trip travel plan provides insurance cover for a single journey which is generally valid for 180 days. However, its validity may differ across insurance companies. This policy is available for domestic as well as international travel insurance and begins from the time you board the flight till you return back or till the end of the insurance period, whichever is earlier. Occasional travelers can take advantage of this plan as travel-related inconveniences as well as medical emergencies are included within a single trip’s scope. Depending on the insurance policy’s terms, different events such as the loss of documents, loss of baggage, delayed flight, and even cancellations are included within a policy. Also, the exclusions in a travel policy may even specify adventure activities, accidents due to illegal drugs, and more that need to be checked in advance. Based on your insurance company, optional add-ons are also available. For someone who travels frequently, buying a single trip cover each time can be expensive. Thus, a multi-trip policy is what comes in handy. *Standard T&C Apply

Multi-trip Insurance

A multi-trip travel policy is not valid for a specified journey but a specified duration. During this period, all the journeys made by the policyholder are covered by the insurance company. This way, frequent travelers need not worry about getting a new travel insurance plan each time they travel. Moreover, even if the travel duration extends beyond 180 days (the general period of a single-trip plan), they need not worry. Business travelers benefit from a multi-travel policy as they require to travel frequently during one policy period. Alternatively, parents visiting their children abroad can also take advantage of multi-trip travel insurance for senior citizens as this multi-trip plan removes any capping on coverage for the maximum period covered by the policy. *Standard T&C Apply Keeping in mind the duration and the frequency of your travels, you can choose between a single trip plan or a multi-trip policy. The best policy for you is the one that checks all the right boxes by providing adequate insurance cover.   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.