Just like travelling has become a part of life, similarly travel insurance is also an important part of all kinds of trips. A proper travel insurance policy takes away a huge amount of stress associated with foreign trips and helps you concentrate on the purpose for which you have gone so far. Travel insurance is a comprehensive plan that covers any unforeseen situations mentioned in the policy. This includes coverage for medical and hospitalization charges, lost or delayed baggage, passport or other important travel papers, flight cancellation and many other situations.
Travel insurance can be categorized into two broad types: Single Trip and Multi Trip.
What is Single Trip Travel Insurance?
Single trip travel insurance is a type of travel insurance that provides coverage for the duration of one trip. It does not provide coverage for the time leading up to or following the trip, and it does not provide additional coverage for other types of trips.
Single trip policies are often much cheaper than multi-trip policies because they only cover one specific trip.
The main benefit of single-trip travel insurance is that it is more affordable than multi-trip policies. This makes single-trip policies ideal for people who do not plan on traveling too often or who have a lower budget.
How are Single Trip and Multi Trip Travel Insurance different?
A Single Trip travel Insurance provides coverage for a limited number of days within a year. The number of days is solely dependent on the decision of an insurance company. The policy comes into force with the advent of your trip and expires with your return back to your country or with the end of the term of insurance, whichever comes earlier. This policy is good and economic only if you are an occasional traveller and travel only once or twice a year. However, single trip plans gets expensive if you are a frequent flyer.
A Single Trip plan takes good care of your finances during sudden medical emergencies, baggage loss, trip cancellation and many other eventualities. The best part of this kind of insurance is that mostly they are extendable and claims are settled in no time.
These policies are not a good choice for families and groups or even for trips involving adventurous activities. They do not cover accidents or damages caused due to engagement in activities that involves a lot of risks.
Multi Trip travel Insurance, on the other hand, does not have any fixed tenure. The term of the policy is decided solely by the insurer at the time of purchase. Multi-trip policies are mostly fixed for a year where an individual can visit a foreign land as many times as he wants under the same policy. However, each trip needs to be limited to a period of 180 days. This type of travel plan is beneficial for frequent fliers, though not a very good choice for leisure trips planned for more than 6 months.
The coverage offered by most Multi Trip Travel Insurance policies is very similar to that of Single Trip plans, like medical and hospitalization coverage, lost baggage coverage and trip/fight cancellation coverage. The only exception is that in the former case any pre-existing disease or ongoing treatment needs to be declared at the time of taking the policy.
Travel insurance plays a very important role in your trips abroad and hence should be chosen with utmost care. Compare travel insurance policies across different insurers through online comparison sites and purchase the plan that not only gives you maximum coverage but also the best offers at economical rates.
Different Types of Travel Insurance Coverages:
1. Domestic travel insurance: Domestic travel insurance provides coverage for medical emergencies, permanent disability and death, checked-in lost/stolen baggage, travel delay and personal liability.
2. International travel insurance: International travel insurance gives a comprehensive coverage for medical expenses overseas, hijack, baggage and travel delays, and evacuation to India, and loss of travel documents/passport besides the usual coverage.
3. Corporate travel insurance: Under corporate travel insurance India, employees of an organization can get coverage for both international and domestic trips.
4. Student travel insurance: There is minimum paperwork involved in student plans. The coverage is comprehensive and provides for expenses incurred on medical treatment, passport loss, and study interruptions.
5. Senior citizen travel insurance: Senior citizen insurance is for people who belong to the age group 61-70. It includes coverage for dental treatments and cashless hospitalization besides the usual benefits associated with travel insurance.
6. Family travel insurance: Family travel insurance covers hospitalization, baggage loss, and other incidental expenses. The claim disbursement is easy with minimal paperwork involved.
7. Individual travel insurance: Through individual insurance, you can get coverage against cancellation of trip, home burglary and trip curtailment.
Shopping for travel insurance should not be as complicated as it seems. Online travel insurance tools give you the option to secure a plan in the comfort of your home. At PolicyBachat, we specialize in providing our customers with online travel insurance quotes that are both flexible and affordable. Our user friendly process is so easy that it can be completed in as little as 3 minutes.
That is because we take the time to listen and respond to the feedback of our most valuable asset you the customer. We appreciate you taking the time to visit us and we look forward to helping you with your travel insurance needs.
Once you have your travel insurance quote, the next step is to determine which coverage options you want and get the level of protection you need. PolicyBachat.com makes this easy by providing you with a number of coverage options you can choose from, each with its own quoted amount so you know exactly what you are paying for upfront.
Then, if you have any additional questions you would like to have answered, we connect you with a licensed professional who can help set you up with your chosen coverage option. Overall, we help make the process of shopping for travel insurance quick and easy so that you can get back to your day.
Compare Best Travel Insurance in India:
Never buy India travel insurance just on the basis of the sum insured or the premium you need to pay. You must also be aware of the coverages that the policies are offering so that you do not land up paying the insurer unnecessarily for coverages that you do not need.
Always compare travel insurance plans being offered by various insurance companies and then purchase the right one. The best place to make a comparative analysis of all available travel health insurance plans is an online web aggregator like www.policybachat.com.
You can log in to the site and chat with insurance experts or call them to clarify your queries. This is the wisest way of getting the best travel insurance.
In a nutshell, be well informed about the place, duration, and purpose of your journey well before you start looking for a suitable India travel insurance so that you can decide on the correct sum insured that will not only be affordable but also fruitful for you. Compare travel insurance online and get the best.