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A Guide to Annual Multi-Trip Travel Insurance

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Published on October 29, 2021. EST READ TIME: 3 minutes

Bitten by the travel bug? Travelling around the world often for business or leisure purposes? The item at the top of the travel checklist of a frequent flier should be to buy travel insurance. If you are constantly on the move then buying travel insurance for every trip can be a bit annoying. While the importance of travel insurance is undeniable, buying it every time you travel can cost you a lot of time and money.

In this blog, we talk about the benefits of having an annual multiple-trip travel insurance, what it covers and what is excluded from the policy.

What is Multi-Trip Travel Insurance?

As the name suggests, multi-trip travel insurance provides cover for multiple trips you take during the tenure of your travel insurance policy. If you are one of those jet-setters, an annual multi-trip travel insurance can save you from the troubles of buying travel insurance for every single trip. Annual multi-trip travel insurance is valid for any number of journeys you embark on during a span of 12 months. If you tend to travel often then annual multi-trip travel insurance can be the ideal solution. It is specifically designed for frequent travellers who travel around the world for a gamut of reasons ranging from business to leisure.

Benefits of Multi-Trip Travel Insurance

A multi-trip travel insurance is a convenient alternative for frequent travellers than buying travel insurance for every single trip. When you buy travel insurance, it provides you the cover for expenses incurred for a variety of reasons such as medical emergencies, loss of baggage, flight delays and cancellations, etc. Listed below are some of the key benefits of taking a multi-trip travel insurance.

• Cost effective- Apart from the coverage travel insurance provides. A multi-trip travel insurance is a cost effective solution as compared to buying multiple single-trip insurances. Instead of splurging money to buy travel insurance every time you take a trip, spending it once for the whole year is much more economical.

• Greater flexibility- One of the major advantages of having a multi-trip travel insurance is the flexibility it provides. It equips the traveller with preparedness for any last-minute trips. You never know when these unplanned trips may pop up so it’s always better to be prepared for them.

• Ideal for frequent fliers- A comprehensive annual multi-trip travel insurance policy is ideal for frequent fliers as it saves your money, time and energy.

• Unlimited trips- The annual multi-trip travel insurance policy is valid for a period of 12 months. There is no cap on the number of trips you can take as long as your trip does not exceed the maximum duration for a single trip mentioned in the policy document.

What is Included?

A host of benefits are included when you buy multi-trip travel insurance. Here is a list of what’s included under the policy coverage.

Medical-related coverage

• Emergency medical expenses

• Accidental death

• Hospital daily cash allowance

• Medical and body repatriation

Baggage-related coverage

• Loss of luggage

• Loss of personal documents

• Delay of checked-in luggage

Journey-related coverage

• Financial emergency assistance

• Flight delays

• Personal liability

What is Excluded?

Here is a list of conditions and expenses which are not covered under multi-trip travel insurance.

• Pre-existing medical conditions

• Expenses incurred due to self-inflicted injuries such as suicide attempt

• Alcohol or drug-abuse

• Injuries sustained due to adventure sports are not covered

• Breach of law

How to Choose the Right Travel Insurance Plan?

A plethora of insurance options in the market has made it easy to buy travel insurance. But finding the one that fits your needs requires due diligence at your end. Listed below are some of the key factors to keep in mind when finalizing the right travel insurance plan for you.

• Duration of travel

• Travel destination

• Purpose of travel

• Pre-existing medical conditions

• Limits of insurance coverage

• Insurance premium

• Claim settlement ratio

Conclusion

Even the best-laid plans can sometimes go awry when you are travelling to a foreign land. In such circumstances, when things go haywire, travel insurance can act as a saviour. When you buy travel insurance, it protects you from financial and medical expenses arising due to unforeseen circumstances. Buying HDFC ERGO annual multi-trip travel insurance can save you from the hassles of buying travel insurance for every single trip.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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