Why Should You Buy Multi-trip Travel Insurance?

Did the pandemic confine you to your home? Well, now that things are gradually getting back to normal, you might see a lot of people onboarding flights and travelling to a new destination. It can be due to work, education, vacation, or a short visit to your relative.

In the process of booking your accommodation, flights, and getting everything ready, don’t miss out on one important aspect, i.e., travel insurance. You must be wondering about the relevance of travel insurance. If this is true, you’re on the right page. Travel insurance is needed because it protects and covers unexpected circumstances, which might lead to huge monetary expenses.

How Does Travel Insurance Work?

Travel insurance acts like your family and provides monetary benefits in case of a mishap. If you have ever travelled by train, you may have encountered the option of taking travel insurance for just INR 0.35 (available by booking through the IRCTC website). The insurance gives covers up to INR 10,00,000 in case of a calamity/ tragedy faced during the journey.

In the same way, a travel insurance plan looks at the bigger picture and provides a cover for different elements. The plan may vary from one company to another and avail different benefits altogether.

Common Feature

One common aspect you may encounter in most plans provided by insurance agents/ companies is medical compensation if there’s an emergency. Hospital expenses can be quite expensive, and without travel insurance, you may end up spending all your savings on this part of the trip.

You don’t want that, right? If you are on a trip, there’s always a need for cost-cutting and availing of maximum pleasure. The role of travel insurance comes in place when you don’t want to add on those extra expenses. It pays for your hospitalisation expenses and loss of passport or baggage.

What are the Stand-Out Benefits of a Travel Insurance Plan?

Cover Loss Due to Sudden Cancellations

If you suddenly decide to drop the plan due to an emergency, don’t worry; the travel insurance has your back. It will cover all financial loss incurred due to the cancellation of the trip at the eleventh hour.

Cover Loss of Baggage

As mentioned above, it also covers the delay or loss of accompanying checked-in baggage. These features make your trip hassle-free and enable you to travel without worrying about trivial matters.

Cover Maternity and Pre-existing Medical Conditions

Dental expenses are also inclusive of the insurance provided. You may get monetary help if you travel with someone with a pre-existing medical problem. So, there’s no doubt that travel insurance, just like health insurance, has many benefits.

Which Travel Insurance Plan Should You Choose?

Ideally, from Niva Bupa works best because you might not be certain about your next trip. Irrespective of the date, this travel insurance plan helps throughout the year for your voyage to a particular place, unlike trip-basis travel insurance, which helps only in case of a monetary loss related to a specific planned trip.

It’s better to plan from a long-term perspective if you are a travel junkie or a person who has to travel for work-related commitments. Just like your passport and visa, keep this annual travel insurance plan handy to avoid any prospect of a tragedy.

NivaBupa’s Travel Insurance starts from INR 345/year, and it provides cover against COVID-19, which goes up to USD 2,50,000, and for pre-existing diseases, the maximum coverage provided is USD 2,500. It’s quite affordable and offers a diverse range of benefits.

Things to Keep in Mind Before Buying Travel Insurance

A Comprehensive Package

The foremost thing while purchasing travel insurance should be thoroughly reading the plan. It should cover most of the losses incurred in your journey, like COVID-19, loss of baggage, medical emergencies, etc.

Provide the Necessary Details at the Initial Stage

You shouldn’t ignore this part as it will form the basis of your plan. If you are traveling with a person diagnosed with a pre-existing medical condition, inform the provider at the initial stage. This would help you cover monetary charges for the same. 

Claims Process

The claim settlement process can get on your nerves if you don’t opt for the right insurance company. End your journey smoothly by ensuring a hassle-free claim settlement. This can be done by having a word with the travel insurance provider.

You can always enquire by reaching out to our customer support and then choose a travel insurance plan accordingly.

FAQ's

Is it worth getting multi-trip travel insurance?

Yes, multi-trip travel insurance is definitely worth it if you travel frequently, especially more than twice a year. Instead of buying a new policy for each trip, a multi-trip plan covers all your trips within a year. This not only saves time but often turns out to be more cost-effective. It also ensures you're always covered without the hassle of remembering to purchase insurance each time you travel.

Do I need multi-trip insurance?

You need multi-trip insurance if you:

• Travel multiple times a year, either for business or leisure.
• Prefer convenience and peace of mind, knowing you’re automatically covered every time you leave.
• Want continuous coverage without buying insurance for each trip.

If you only travel once or twice a year, a single-trip policy may be more economical. However, for frequent flyers, multi-trip plans offer better value and continuity of coverage.

What does multi-trip mean in travel insurance?

Multi-trip, or annual travel insurance, refers to a single insurance policy that covers multiple journeys over 12 months. You can take as many trips as you want, and each trip is covered for a set maximum duration (e.g., 30 or 60 days per trip). It’s ideal for people who travel often and don’t want to go through the process of buying new insurance each time.

What happens if you have multiple travel insurance policies?

Having multiple travel insurance policies isn’t illegal, but it can create complications. If you try to claim on more than one policy for the same event, insurers may:

• Split the claim amount proportionally (called contribution).
• Deny the claim if they find it’s already covered under another policy (to avoid double payment).
• Delay processing while verifying coverage with the other insurer.

It’s better to rely on one comprehensive policy that meets all your needs than to juggle multiple ones. Always read the terms and avoid overlaps unless one is supplementary to the other (like employer coverage plus personal insurance).