Overseas Annual Multi Trip Travel Insurance

Salient Features of Indian Annual Multi-Trip travel Insurance Plans

• Provides continuous coverage for 365 days to the insured irrespective of the number of individual trips that they make during the year, provided that each single trip duration does not exceed the maximum trip duration (30/45 days) opted for by the insured.
• There is a single insurance certificate issued to the insured for 365 days, that they can carry with them every time they travel. No separate certificate needs to be issued for each trip, this means that the insured can opt for last minute trips without being worried about coverage and without informing the insurance company.
• One of the most important features is that the insurance company guarantees coverage to the insured for the entire year, irrespective of whether the insured files a claim for a covered benefit during any of the trips. The policy cannot be cancelled by the insurer mid term and the policy can be renewed life long by the insured against payment of the requisite premium. In this respect it is similar to a motor insurance policy, which is provided on an annual basis.
• There is a free look period of 15 days provided to the insured to review the terms and conditions of the policy and if not satisfied, they can cancel the policy and seek a full refund of premium. Single trip policies do not offer this free look period.
• If for whatever reason the insured wants to cancel the policy mid year, the same is possible and the insurance company will refund the applicable premium as per their terms and conditions stated in the policy document.
• The sum insured stated against each benefit is available to the insured for each trip. So if there is an unfortunate incident when the insured needs to file a claim, the sum insured gets reinstated back to the original sum insured for the insured’s next trip.
• It saves the insured the extra cost and hassle of having to purchase a single trip policy every time they happen to travel.