Multi Trip Travel Insurance

Multi Trip Travel Insurance - An Ultimate Travel Cover for Frequent Overseas Travellers

If you are a frequent traveller, you must know about the risks associated with every journey that you undertake. A travel insurance policy provides the security of risk coverage and minimises the financial losses one may have to bear. One of the best ways to go forward is to avail an annual multi trip travel insurance policy that provides coverage for unlimited annual trips. These policies are great coverage options that provide financial cushioning for various travel risks that one may encounter. These risks can include the likes of medical emergencies, loss of checked-in baggage, cancellation of the trip, or delay due to various reasons, travel bookings that are not availed as service during the trip for various reasons, and many more.

The typical benefits of a multi travel insurance plan are that these policies provide coverage for frequent trips that you may undertake. The duration of these trips usually extends to one year, which also makes these coverages known as annual travel insurance policies. Once you have availed a travel insurance policy, you can go on your trips with complete peace of mind. The financial losses that may arise during the trip will mostly be compensated under the policy. Let’s get to know in detail everything about a multi trip travel insurance policy when starting your trips.

Multi Trip Travel Insurance Cover ‐ Meaning and Scope

A multi trip travel Insurance policy typically means a dedicated travel cover that provides insurance for more than one trip undertaken within the selected duration. A multi trip travel insurance policy can be availed either for annual coverage. These policies are usually called annual trip travel insurance policies and provide extensive coverage for multiple trips undertaken within one year.

Such a one year travel insurance policy is ideal for travelers who go on multiple trips every year to international destinations frequently. Whether you are a business traveller who requires to go overseas multiple times a year or are a travel enthusiast who loves to explore various international destinations, a multi trip travel insurance policy provides the ultimate travel coverage. Under such a policy, there is no restriction on the number of trips covered across the duration of the policy, such as annual multi trip travel insurance 90 days, annual multi trip travel insurance 100 days, for 1 year, or more. Coverage under these policies is available worldwide. And also, there are no to low restrictions for the destinations you can travel to across the globe.

Travellers across different age groups can avail multi-travel insurance cover and enjoy the security of a financial cushion towards possible travel losses provided under these policies. For people working in multinational companies who travel overseas frequently or leisure travellers, these policies are just right. From medical-related emergencies to inconveniences like passport loss, these policies provide an all-around coverage benefit for each trip undertaken within the duration.

Now that you have understood what is annual multi trip travel insurance, check out its coverage benefits and other essential details.

Coverage Benefits Available Under Multi Trip Travel Insurance Policies

A multi trip travel insurance policy provides extensive coverage across various travel risks that one may encounter while on an overseas trip. Let's check out the top coverage benefits you shall enjoy under this policy for your upcoming trips.

1. Medical cover: During various medical emergencies encountered while on the trip, a multi trip travel insurance policy provides extensive coverage. These emergencies can arise out of situations like accidents, sudden illnesses, etc., leading to hospitalisation. In such cases, you can avail cashless claims under the policy to remain covered during such medical emergencies encountered when abroad. Under the medical emergency cover. You shall also avail the benefits like medical repatriation coverage in case of unfortunate demise during the trip or expenses towards permanent disability and repatriation.
2. Trip cancellation or delay: Once you have planned your trip, it may get cancelled or delayed due to various unforeseen circumstances. If your planned trip gets cancelled or delayed due to specific circumstances under the policy, coverage benefits are provided, like reimbursements of financial losses incurred due to various non-refundable travel bookings.
3. Personal liability coverage: In case you undertake a trip where a personal third-party liability is created due to specific circumstances, the multi trip travel insurance policy provides adequate coverage. Such a coverage benefit ensures you do not carry the risk of incumbent financial liabilities that may arise out of specified unforeseen circumstances while travelling abroad.
4. Loss or delay in receiving checked in baggage: When transiting from one destination to another overseas or within India, your checked-in baggage may get misplaced, leading to a delay in receiving such baggage. You may also end up losing it completely due to various circumstances. The financial losses arising out of such loss or delay of checked-in baggage are covered under a multi trip travel insurance policy.
5. Loss of passport: In case you lose your passport when travelling abroad, you can gain assistance for the reissue of the passport under this travel insurance policy. This makes it easy and convenient to travel abroad without needing to worry about the loss of important documents.

Eligibility Criteria for Multi Trip Travel Insurance Policy

Check out the eligibility criteria you would need to meet to avail a multi trip travel cover.

1. You must have a permanent place of residence within India.
2. You should belong to the required age criteria specified by the insurer.
3. To avail a multi trip family travel insurance policy, you must meet the family criteria of the number of adults and children within the policy.
4. If you are holding an immigrant visa, you must declare this to the insurer to get this type of travel insurance policy.

The Process to Choose Annual Multi Trip Travel Insurance Policy

Ideally, you should utilize the following process to find the best annual travel insurance policy for your upcoming trips.

• Undergo an elaborate research to compare multi trip travel insurance policies available online based on their coverage benefits applicable.
• For your selected policy, assess the coverage duration, trip duration limit, coverage types and extent of coverage available.
• Also, check for the applicable exclusions to the policy to understand its coverage limits.
• You must consider checking some essential facts related to the insurer, like their reputation, claim settlement ratio, reviews from customers, and such aspects.
• Once you have undergone these considerations, you can assess the premium applicability and coverages included thereto to decide on the best multi trip travel insurance policy.

Prominent Reasons to Get a Multi Trip Travel Cover

Here’s a list of some top reasons that make it worth having a multi trip travel insurance policy.

1. If you go for more than two trips abroad in a year, you shall remain continuously covered for each trip without any coverage break.
2. These policies come with worldwide coverage benefits, which give you the flexibility of frequent travel to any destination across the world.
3. Irrespective of how many international trips you take within a year, the coverage under this policy remains intact.
4. A multi trip travel insurance policy cuts out the time taken for repurchase of the policy every time you go for a trip. A single policy purchase for multiple trips also minimises documentation to a great extent.

Top Countries for Availing a Multi Trip Travel Insurance Policy

For some top countries that Indians visit often, a multi trip travel insurance policy is recommended, like for -

• Canada: For visits to Canada as a leisure traveller or a businessperson, a multi trip travel insurance Canada policy is recommended. The country is known for one of the highest Indian tourist footfalls.
• Ireland: Among the top European countries that Indians visit, Ireland is known for its tourist and work opportunities. Multi trip travel insurance Ireland policies are recommended when visiting Ireland. Such a policy shall also provide travel insurance for multiple countries in Europe and other locations.
• Australia: When visiting Australia for tourism or for business purposes, it is ideally recommended to get a multi trip travel insurance Australia policy that provides extensive coverage.
• The USA: For trips to the USA, you must assess the risks of the journey and if going there multiple times, invest in a good multi trip travel insurance USA policy for adequate coverage.
• The UK: In case an Indian is planning to visit the UK for extensive tourism frequently or visiting for business purposes, getting a dedicated multi trip travel insurance UK policy is recommended.