The decision of which travel insurance to purchase usually confuses anyone planning a trip overseas. While some travellers favour purchasing single-trip insurance, others favour purchasing annual multi-trip travel insurance. Generally, those who travel overseas for extended periods (more than 90 days) and those who are unlikely to do so more than once a year should choose a single-trip policy. On the other hand, the annual coverage is intended for those who visit other countries more than once per year. However, Both travel insurance policies provide coverage for problems that may arise during your vacation, like flight delays, trip cancellations, and medical emergencies.*
Single-Trip Travel Protection?*
As the name implies, single-trip travel insuranceprotects you for a single, up to 180-day vacation abroad. The ideal option for you is a single trip cover if you are planning a vacation with your family and close friends and are confident this will be your only travel abroad this year.
Multi-Trip/Annual Travel Insurance?*
Travel insurance options for annual multi-trips cover you for the entire year under a single policy for a fee paid upfront. Given that the policy is good for a full year, you are free to travel as often as you like as long as none of your excursions last longer than 90 days. The annual cover is the most practical and ideal if you plan several travels abroad in a year, even though it is more expensive than the single-trip travel insurance policy. The same incidents are covered by both single-trip and yearly trip coverage, including medical emergencies, travel cancellations, and lost luggage and passports.
Differences
The amount of travels you expect to take in a given year is the primary factor in determining which option you should select. Second, the length of the journey. Single trip policies start on the day you leave your home country and end on the day you return, unlike annual travel policies that expire after 365 days.
Considerations
The first fundamental decision you must make regarding the plan you should choose is how many travels you have planned for the year. Single-trip insurance is approximately half as expensive as an annual plan. As a result, single-trip insurance is the ideal option for households and individuals who rarely take vacations.
It’s crucial always to disclose any pre-existing medical illnesses when applying for travel insurance. If you don’t have a pre-existing condition exclusion waiver, any medical condition that requires emergency doctor visits or hospitalization in a foreign country isn’t covered. *
A travel insurance premium calculatoris a convenient tool you can utilise online to check the coverage required based on your needs.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
