Select the Right Type of Travel Policy: Single Vs Multi-trip Travel Insurance

Should you buy a single-trip or multi-trip travel insurance? | Mint

How often you travel, influences the type of travel insurance you should buy. For instance, if you only travel once or twice a year, you should purchase a single travel insurance policy. Multi-trip travel insurance policies may be more cost-effective if you take regular trips for business or pleasure.

Why is travel insurance important?

Travel insurance includes coverage for flight delays, baggage loss and baggage delay, medical reimbursements while travelling etc. These benefits of travel insurance give you the much-needed peace of mind travelling, knowing that your insurance company has your back if anything unforeseen happens during your travel. If you are looking to buy travel insurance soon, check out Bajaj Allianz travel insurance to purchase your travel insurance online. 

Single-trip travel insurance: Defining “single trip” is the first step toward grasping the full scope of “single trip” travel insurance. Single trip length is the time between when a traveller departs India and returns. The standard maximum length of a single journey in most cases can be 180 days. *

Multiple trips travel insurance: Now that you know what single-trip travel insurance means, you may have no trouble grasping the concept of multi-trip insurance. Multi-trip insurance is sometimes referred to as annual travel insurance because it remains in effect for an entire year. The policyholder is free to take as many 30- or 45-day trips as they like during that time. *

Single Vs Multi-trip Travel Insurance – Select the Right Type of Travel Policy

Let’s understand this with the help of a few examples. Initially, let’s look at an example.

As a result of his many international business excursions, Mr Barot finds himself routinely boarding aeroplanes to travel inside and between countries. He travels monthly with travel insurance from India to the UK as a legal counsellor. The average duration of a journey is four to five days. Since he takes many short travels, he would benefit most from annual multi-trip coverage. He might save time by not having to buy insurance for every trip. At the end of the term, he can renew the coverage by just paying the premium. *

Let’s look at another example:

Shweta Sharma, a recent law school graduate from Mumbai, plans to spend the next two months travelling through Asia, Europe, and Africa. She intends to see her family in India between her three trips abroad. She plans to take several trips during the year, but none would be longer than 45 days, so annual multi-trip coverage can be ideal for her too.

In yet another instance,

Neha and Vinod share a great friendship, and they decide to celebrate their friendship by taking an annual adventurous trip together. Since they do not plan to take any other travel throughout the year, single-trip coverage might be the best choice for them when buying travel insurance.

To illustrate, here’s a fourth:

Mrs Arora has recently retired and has plans to tour the world. Due to her extensive travel plans over the next few months, she would be wise to invest in a multi-trip travel insurance policy rather than purchasing a new one for each trip. If her flight is cancelled or delayed, she can receive compensation. 

* Standard T&C Apply

The convenience and savings of multi-trip coverage far outweigh the extra labour required to renew your policy after each trip. It’s important to plan ahead and examine all of the facets of your forthcoming trips. With Bajaj Allianz travel insurance, for a single trip or all-around-the-year multi-trips, you would likely get the best coverage. 

‘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.’

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