Are you a frequent flyer who takes multiple trips around the year? Whether for enjoyment or work purposes, exploring different corners of the world can be a valuable and enriching experience.
As a frequent flyer, you may understand the importance of travel health insurance to ensure safety, peace of mind and financial protection for each trip. Annual travel insurance is specially designed to cater to the needs of a frequent flyer.
This blog will discuss the benefits of annual travel insurance for individuals who travel frequently.
What is an Annual Travel Insurance
If you are a frequent flyer, getting an annual travel insurance policy can help you save money and time. This policy is best suited for individuals who go on multiple trips in a year and offers several financial benefits. Annual travel insurance offers coverage for multiple trips within a period (this period usually lasts one year).
As a frequent flyer, instead of purchasing a separate travel insurance plan for each trip you take, you can opt for annual travel insurance covering all your trips. This makes annual travel insurance a cost-effective and convenient option.
What is Covered Under Annual Multi-trip Travel Insurance Policy
Below are some coverage you get when you buy annual travel insurance. Let’s examine them in detail.
Medical Coverage
Annual travel insurance covers medical expenses incurred due to sudden death, injury, or illness while travelling. Additionally, it provides coverage for expenses associated with emergency evacuation due to medical issues.
In the unfortunate case that the insured dies while on a trip, annual travel insurance covers the cost of transporting the remains of the insured back to their home. It also provides compensation for any permanent disability caused by an accident while travelling.
Cancellation Coverage
An annual travel insurance policy provides financial compensation for cancelled flights and hotel bookings.
Flight and hotel bookings can be hefty travel investments; thus, this coverage will ensure that you are financially protected in case of cancellations.
Personal Liability Coverage
An annual travel policy provides coverage against any accidental personal injuries or damage caused by an insured to a third-party individual. This coverage also includes legal liabilities that can arise from accidental damage to a third-party individual.
Loss of Baggage and Passport Coverage
Annual travel insurance includes lost baggage and passport coverage. If your luggage or passport gets lost while travelling, the insurer will cover the expenses of replacing your items.
Annual Travel Insurance: Claim Process
The process of raising a claim under annual travel insurance is straightforward. For an effortless claim process, you must implement some essential steps. Let’s have a look at them.
- You must securely keep your policy documents and familiarise yourself with your insurance provider’s claim process.
- In an emergency, you must contact your travel insurance provider as soon as possible to initiate the claim process (it should not take more than 30 days).
- To contact your insurance provider, go through their official website or call them on the provided toll-free number. Additionally, you must contact the local authorities.
- Submit all the relevant documents on time, such as medical bills and police reports in case of theft.
- With most insurance companies, your claim settlement will be paid out in no more than 30 days.
Factors to Consider When Selecting the Best Annual Travel Insurance
- Confirm the maximum duration of a trip. The duration of your most extended trip and your usual travel patterns should align with the policy’s maximum duration.
- Review coverage limitations for trip cancellations, baggage loss, medical coverage and other benefits. This will ensure that the annual travel insurance coverage meets your requirements.
- Make sure the annual travel insurance policy covers all your planned destinations.
- If you plan to indulge in high-risk activities or adventure sports, make sure the annual travel insurance policy you choose includes coverages for all such activities.
To Wrap It Up
An annual travel insurance policy provides extensive coverage and is a cost-effective and smart choice for frequent flyers. When you buy an annual travel insurance plan with a visa on arrival for Indians, you get the benefit of protection for unlimited or multiple trips with the convenience of a single purchase. This will ensure you enjoy multiple trips without worrying about financial losses due to unfortunate events.