How Annual (Multi-Trip) Travel Insurance Works
An annual (multi-trip) insurance plan is curated for those who fly overseas more often than others. Such plans are almost the same as single-trip travel plans but they provide coverage for multiple trips instead of a single trip, in a year. Moreover, there is no limit on how many trips you make within a year, as long as the travel plan remains active.
You can compare travel insurance plans to look for a multi-trip travel insurance plan with adequate coverage, but in general, most annual travel insurance online plans come with the option of multiple trips within a given policy year. Let us find out in the article below how this insurance policy works.
How Annual (Multi-trip) Travel Plan Works
You can buy travel insurance online for multiple trips if you run a business or work at a company that requires you to travel abroad frequently, or you are someone who likes to spend vacations overseas.
This annual travel plan or multi-trip travel plan covers expenses that become an unnecessary expenditure for frequent fliers in case of unwanted situations like flight-related issues, personal liability and medical emergencies.
Here is a look at how an annual (multi-trip) travel plan works to benefit policyholders.
Offers Convenience in Renewability
For someone who needs to travel frequently for business purposes, there is hardly any time left for anything else. It will only be a hassle and time-consuming to look for single-trip travel insurance online every time you plan to go abroad.
Moreover, you have to focus on your business itinerary, which will only complicate matters as you will be unable to purchase an international travel plan for your trip. Instead, you can purchase a multi-trip annual travel policy that will offer coverage for a whole year without you having to buy separate travel plans every time you plan to go overseas.
Overall Medical Coverage
When it comes to multi-trip travel insurance for frequent travellers, it provides all-round coverage including emergency medical expenses for treatment and hospitalisation, medical evacuation and repatriation in case of policyholder’s demise.
Free Look Period
This benefit comes with annual travel insurance provided by reputed insurers. In this, you can decide whether or not to pursue your decision to use this travel policy after paying the premium for the plan. You can get up to 15 days for making up your mind.
If you have objections and do not want to purchase the policy, the insurance company will refund the premium amount you paid earlier to buy this policy.
Flight Cancellation/Delay
Your travel schedule, which is already packed, can get much worse if the flight gets cancelled or an emergency causes your flight to get delayed. With a multi-trip travel insurance policy you can rest assured that your additional expenses incurred due to flight cancellation or delay will be reimbursed.
Grace Period
One important benefit that comes with year-round travel insurance is the availability of the grace period. You can make the premium payment within 30 days (or as per the policy specifications) after the due date to prevent the plan from lapsing.
Personal Liability
You may accidentally cause physical injury or damage the property of a third party, becoming liable for their treatment or compensating for their property damage. However, if you invest in a frequent traveller insurance plan, it will cover the expenses for the compensation or medical treatment of the third party.
Annual (Multi-trip) Travel Plan – Things Worth Considering
Both annual multi-trip plans and single-trip plans come with specific benefits. Therefore, you have to be sure you want to invest in an annual travel plan. Answer these questions and you will be sure if a multi-trip travel plan is right for you:
- Is it common to travel outside India multiple times in a given year?
- Does each trip abroad last for weeks?
- Can you plan your overseas trips or are they unpredictable?
- Is it necessary that your travel plan provides worldwide coverage?
If all the answers are yes, then you can be sure that investing in an annual (multi-trip) travel plan is what you require for your overseas travel.
Conclusion
Whether travelling for pleasure or work, your overall experience should be hassle-free. Nothing could be more stressful than being busy with work-related problems when unexpected circumstances put you in a position where you have to spend additional money from your pocket.
This situation can be easily averted if you select a multi-trip travel policy for your overseas travels from a trusted insurer like TATA AIG, sparing you the wastage of money and stress associated with such situations.
