Who doesn’t love to explore new countries, try a new cuisine, discover unique cultures and more? Today, situations have changed dramatically and travel has become the fastest growing industries in recent years. But life is full of uncertainties. If things don’t go as planned in a foreign country, it might hamper your travel itinerary.
Therefore, it is essential to buy travel insurance. Without insurance, you might restrict your movements and will not be able to enjoy all the wonderful and adventurous activities you have planned. Therefore, consider buying an insurance plan from say from Bajaj Allianz General Insurance, which helps you face any financial setbacks that occur during your travel. It offers some of the best travel insurance plans that will help you keep aside all your worries and have an amazing holiday.
Single-trip Travel Insurance Policy
Travelling is a beautiful and blissful experience. But, it also brings with it certain risks despite careful planning. Although external factors cannot be controlled, for a smooth and glitch-free travel experience, purchase a single-trip travel insurance policy.
Single-trip travel insurance suits a wide range of holidays and is apt for people who go on small leisure trips or business tours or as a family travel insurance policy. It offers benefits that secure you on your trip when you are away from home.
Multi-trip Travel Insurance
If you are a frequent traveller, who travels across the globe multiple times for leisure, fun, or to attend meetings and seminars, purchasing multi-trip travel insurance would be a good and convenient idea.
It offers you coverage for more than one trip in a single year. It prevents the hassle of getting new insurance for every travel. It is cost-effective and good for last-minute preparedness and quite useful for business travellers.
Key features of both Travel Insurances
- Helps recover the loss of passport or important documents
- Covers medical expenses
- Provides emergency cash advance
- Covers the loss and delay of checked baggage
- Provides automatic claim settlement service in the case of certain risks for the customers
- Covers repatriation, hospital daily cash allowance, accidental death, permanent disablement and medical evacuation
- Covers personal liability and flight delay
- Provides hotel accommodation, hijack distress allowance and financial emergency assistance
Some major differences between single-trip and multi-trip travel insurance are:
| Criteria | Single-trip Travel Insurance | Multi-trip Travel Insurance |
| Premium | Usually low as this policy is applicable only for one trip | Usually high as this policy is active throughout the year |
| Utilised by | First-time travellers or those travelling with family once a year | Frequent business travellers or those who love to travel frequently |
| Registration process | You need to search for the best policy for every single trip and register each time | You don’t have to go through the process of registering multiple times as this insurance takes care of every single trip throughout the year |
| Validity | Valid for a single trip, up to 180 days | Valid for multiple trips, up to 45 days each |
| Ability to customize | Customization is allowed to match the needs of your trip | The same plan has to be used for different trips in the same year. |
After examining all the features of these travel insurance plans, it would be difficult to pick one over the other. A Multi-trip Travel Insurance policy might not make sense to a person who goes for holidays once a year or once in two years. But, for someone who travels across the country or world to attend multiple meetings or seminars every year, this insurance policy will prove to be beneficial.
Every travel plan has its own pros and cons. Make sure to check the various features and benefits online and finalize which plan best suits you. In order to enjoy your dream holiday and not turn it into a complete nightmare, invest in good international travel insurance and experience the world in all its glory.
