Single Trip vs. Multi-Trip Annual Insurance

What is Single Trip Travel Insurance?

A single-trip travel insurance policy covers you for only one specific journey. This journey starts from the day you leave India and ends upon your return. This type of policy is designed for Indians who take occasional trips and do not go abroad very frequently.

Key Features of Single Trip Insurance

Here are the key benefits of buying a single-trip insurance:

• Covers the entire round trip
• The policy duration is the same as your travel dates
• Covers you for several medical and non-medical emergencies (such as baggage loss, trip cancellation, and flight delays)
• Coverage ends automatically after trip completion

Who Should Choose It?

Buying a single-trip travel is perfect for people who:

• Only plan to travel abroad once or twice a year
• Are planning their honeymoon or going on a family vacation
• Have a fixed travel schedule
• Are travelling for leisure, studies or brief work/business trips

If you feel that a single trip policy suits your needs more, then the next step is to compare different plans on policybazaar.com and find the plan that covers your journey within your budget.

What is Multi-Trip Travel Insurance?

Multi-trip travel insurance (also known as annual travel insurance) is a policy that covers multiple trips within a year under a single plan. It is ideal for frequent fliers, business travellers or anyone who makes multiple international trips. It is cost-effective and removes the need to buy travel insurance before every trip.

Key Features of Multi-Trip Insurance

• It is valid for 12 months (or as per the duration stated in the policy)
• Covers an unlimited number of trips within the policy year (the number of days per trip is restricted)
• Each trip abroad has a duration limit (ranging from 30 - 90 days, depending on the policy)
• Includes essential medical, travel and baggage protection

Who Should Choose It?

AMT or multi-trip annual insurance plan is ideal for travellers who:

• Have frequent travel plans for work or business
• Take multiple leisure trips in a year
• Are corporate professionals, entrepreneurs or consultants
• Need to visit clients abroad or need to attend multiple conferences

Annual travel insurance plans are ideal for employees, business travellers or people who plan multiple international trips in a year, often very suddenly or on short notice.

Single Trip vs. Multi Trip: A Quick Comparison

Here is a quick overview of both the plans to help you understand the differences:

Which One is More Cost-Effective?

Cost is often an important deciding factor when deciding between single-trip insurance and multi-trip insurance:

• If you travel abroad once or twice a year, then single-trip insurance will be cheaper for you.
• If you travel three or more times a year, an AMT plan will offer you better value.

Buying multiple single-trip insurance plans can quickly become more expensive than buying one or two annual plans.

Which Plan Should You Buy?

You should buy Single Trip Insurance if:

• You travel occasionally (once or twice a year)
• You have a long trip planned
• You need a specific coverage (for example, an add-on for adventure sports or PED)

You should buy Multi-Trip Insurance if:

• You travel abroad frequently
• Your trips are for a short duration
• You need convenience and need to save time and money spent on buying multiple trips in a year

Final Thoughts

Be it an occasional annual vacation abroad or impulsive long weekend getaways, securing your journey should always be your number one priority. You can buy either of these plans and travel with peace of mind knowing that you won’t be alone in case you face an emergency abroad.