Best annual travel insurance

Depending on the number of foreign trips that a traveller makes every year, they can opt for a single trip insurance plan or an annual multitrip travel insurance policy. An Annual multi trip insurance plan is an Annual policy issued to a frequent traveller and this policy covers the traveller for any number of trips that they make during this period of one year. The advantages of a frequent travelling opting for an Annual Travel Insurance policy is:

• It is more economical that purchasing a single trip policy each time they travel
• It offers peace of mind to the traveller who need not worry about purchasing an insurance plan for each trip.
• An Annual Multi Trip insurance is normally a worldwide policy and hence the traveller is covered irrespective of the destination of travel

How does annual travel insurance for frequent Indian travelers work? This plan is typically issued for 1 year (365 days) and has options of capping each trip to 30/45/60 days. This means that if the traveller opts for an annual policy with a 45 day trip capping, they will remain covered for each trip during the year up to a maximum period of 45 days. Once the applicable premium is paid by the traveller, an annual policy is issued and this covers the insured traveller for the entire period of 365 days irrespective of the number of single trips that he/she makes during this one year period.

Currently the insurance companies which offer an Annual Multi Trip policy for Indians travelling frequently include Tata AIG, Bajaj Allianz, Cholamandalam, Religare Health, Reliance General, Apollo Munich, HDFC Ergo, Future Generali, Royal Sundaram.

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Tagged by India Annual Travel insurance | Annual travel Medical insurance coverage | Indian multi trip travel insurance