If you love to travel or your work requires frequent travelling, an Annual Multi-Trip cover could save you both time and money. Buying annual multi-trip insurance is certainly a better choice, than buying a single travel insurance policy every time you travel abroad. This kind of a policy can cover you for all your trips (up to a maximum of 30 days) in a year with the same comprehensive level of cover.
Annual multi-trip travel insurance gives you the ability of travel with peace of mind, knowing that you have your policy to take care of any kind of eventuality while you travel each time.
Advantages of annual multi-trip insurance
The level of cover you receive varies from plan to plan and insurer to insure. However, on a general basis the policies include medical cover, loss of baggage cover and cancellation cover. There are a few more covers in the form of comprehensive plans such as, cover for valuables, holiday money, personal accident / liability cover, legal expenses cover and scheduled airline failure insurance.
It covers the medical expenses incurred by you or your family members in case of any emergency due to any sudden illness, death or injury while travelling abroad. Expenses made for emergency evacuation to India in case of a medical issue are also covered by the insurer.
Expenses incurred for transporting the mortal remains of the insured back to his home or burial expenses abroad in case of an untimely death; anesthetic dental surgery due to injury; injury due to accident; and compensation for permanent disablement or death while travelling as a passenger in the common carrier are all covered under this insurance.
Personal liability cover provides coverage against liability towards any loss caused to a third party. This cover is especially beneficial for people travelling with kids.
This cover is to save you from flight expenses and hotel bookings in case your trip gets cancelled. However, the cover amount should be so decided that it easily covers all your expenses, including the cost of prepaid excursions.
This covers the cost of lost or damaged baggage in transit. However while deciding the amount of this cover you should also consider the cost of your valuables inside the baggage, such as your camera or laptop and factor this into the cover level you decide upon.
This covers for the cost incurred for obtaining a new or a duplicate passport in case the insured loses his passport.
For an additional premium, you can adjust your policy by choosing cover options for:
Along with knowing the coverage options under an annual multi-trip insurance plan, it is very important to know and understand the exclusions as well. Here are a few quick points to help you understand what is not covered under your policy:
Annual multi-trip travel insurance is designed for the people who travel thrice or more in a year. Commonly the cover period is limited to 31 days of consecutive travel per trip. However, a few insurers offer extended periods of travel up to 60 days or more, but that might be applicable to some extra costs.
Here are some important tips to use before you take out a policy or apply for a claim:
Which types of medical urgencies are covered as per this plan?
Under a travel insurance plan, most of the insurance providers provide coverage for in-patient as well as out-patient medical services. If the insured can’t be prorogued until he/she returns to India, any medical treatment recommended by the doctor on duty like X-ray, blood test, and various diagnostic tests are covered under this plan. Also, coverage is provided for transportation and ambulance charges.
Is there any healthcare exclusion as per the plan?
The exclusions are as per this plan are mentioned below.
Can I register a claim when I return to India?
Yes, you can register a claim after coming back to India. You need to file it within 30 days after you return or after ending your trip.
How can I find the best multi-trip travel insurance plan?
It is very easy, simple and hassle-free. You can log on to a website such Policy Bazaar, compare various insurance plans and get the best multi-trip travel insurance plans online.
Is it possible to apply for a travel insurance policy online? If yes, then what’s the process?
Yes, it is very simple and convenient to apply for travel insurance plans online. All you need is to provide your trip details, the list of the countries you’d be visiting, and your contact information like your name according to your passport, your date of birth, your email address, your mobile number and your passport number.
What are the claims limit that I can file when I travel?
The claim limits vary insurance provider per insurance provider. No two insurance companies have the same limits. To know the exact amount that can be reimbursed, you can check out the guidelines mentioned in your policy document.
In case I extend my vacation, is it possible to extend my travel insurance plan?
Yes, you get an extension on your travel insurance plan in case your trip is being extended. However, you will have to submit a duly filled “Extension Form” before few days of ending your particular trip so that your insurer can extend your plan for that specified period.