Secure Your Next Adventure with Single-Trip Travel Insurance
Going on a trip is exciting, but it is equally important to get insurance coverage beforehand. After all, nobody has seen the future, and it is wise to be prepared for any unforeseen circumstance. In this article, we will discuss one such travel insurance policy that you can take – single-trip travel insurance. Read to know more about it.
What is Single Trip Travel Insurance?
A single trip travel insurance refers to a policy, which provides insurance coverage for a single trip. It provides coverage for the insured traveller from the start date and till the end of a trip, as mentioned on the Certificate of Insurance. This kind of insurance is more suited for travellers who travel only occasionally during a year. If one travels more than 3-4 times in a 12 month period, it is advisable for them to go ahead and purchase a multi-trip travel insurance plan.
This kind of a policy offers comprehensive protection against different risks related to travel, both medical and non-medical in nature while the insured is abroad. This policy includes coverages like Flight Delays, Medical Emergencies, both Inpatient and Outpatient expenses, Trip Cancellations, Loss of Passport or Baggage, and a lot more.
Why Consider a Single Trip Travel Insurance?
The key reason for you to go ahead with a single-trip travel insurance plan in simply the cost. Why should you end up spending more money and buying a multi-trip travel insurance plan, when you are likely to travel abroad one or twice a year? The coverages under both the plans are equally comprehensive, so you can end up saving some much needed money by availing this single-trip travel insurance. Single-trip travel insurance provides many different benefits or coverages. It is only wise to apply for such coverage before planning your next trip. If you are still wondering why you should get travel insurance for single trip, here are a few benefits that would apply when you opt for it:
●Get Trip Cancellation Reimbursements
Under single-trip travel insurance, you get coverage for any Trip Cancellation that occurs due to medical emergencies, hospitalisation following health issues or even natural disasters. Getting travel insurance means that you do not have to worry about losing the non-refundable part of the prepaid bookings, because you are entitled to claim the same under this cover, upto the sum insured.
●Receive Coverage for Medical Emergencies
Getting reimbursement for Medical Emergencies, following an unfortunate accident or sickness, is another benefit that single-trip travel insurance provides. This policy provides for both Inpatient and Outpatient expenses, which can be both Cashless or by Reimbursement. For example, a person will get insurance coverage if they unexpectedly meet with an accident, have an injury or fall ill while on a trip.
●Get Covered When You Miss a Connection
Travel Insurance also covers situations where an insured person unfortunately misses their departure of the pre-booked outward journey from India or pre-booked return journey to India, due to an Accident or Mechanical Failure, Traffic Congestion due to an Accident, and Inclement Weather causing interruption to the mode of transport in which the Insured is traveling. Coverage for expenses incurred as a result of the Missed Connection is covered under the policy.
●Get Assistance for the Loss of Passport
Another major feature of single-trip insurance is that you get financially covered for losing your passport while abroad. For instance, if you misplace them somewhere or they get stolen from you, your travel insurance will provide financial coverage for getting a temporary passport and also pay for the expenses incurred in the process required to obtain your passport.
●Coverage for Personal Liability
If you the Insured in your private capacity shall become legally liable for
(a) bodily injury or illness to any person or
(b) loss of or damage to property caused by an occurrence during the period of the policy,
the insurance company will indemnify the Insured the compensation and all legal costs awarded to any claimant, maximum up to the limits specified on the policy.
Features of a Single Trip Travel Insurance
Whether travelling domestically or internationally, single-trip travel insurance is preferred amongst all types of popular travel insurance policies. Here are a few features of a single trip travel insurance:
●Affordable Premiums
A single-trip travel insurance has affordable premium rates. They are also flexible in nature and can be changed according to your specific needs. The premium rates for this type of policy are affordable compared to other options, such as multi-trip travel insurance, group travel insurance, and more. Also if you need to extend your trip, this single-trip travel insurance policy can be extended for the duration of your travel, subject to a maximum period of 365 continuous days.
●Medical Reimbursements
Having travel insurance for a one-time trip makes sure that you get coverage against any kind of Medical Exigency, following an Accident or a Sickness. This type of coverage also ensures that you get financial assistance whether it is Inpatient or Outpatient expenses.
●Customizable in Nature
A single-trip insurance policy is customizable. This means that you can get add-ons to the base policy for extra costs. For example, you can add Dental Insurance coverage, or buy Pre Existing Insurance coverage to your single trip cover insurance. This kind of customization makes the policy flexible and can cover changes as and when required by the person applying for it.
●Additional Benefits
The single-trip travel insurance also provides coverage for other things like – Trip Cancellation, Delays in Flights, Loss or Delay in Baggage by the Airline, Loss of Passport etc. These kinds of additional benefits are also important to ensure that you are traveling with sufficient coverage before, during and after your trip.
What is the Validity of a Single Trip Insurance?
The single trip insurance only remains valid for the whole duration of a single trip, from the Start date to the End date as mentioned on the Schedule of Insurance. This is usually up to 180 days. Most insurance companies also offer an opportunity for the insured traveller to extend their insurance, if their trip gets extended due to unforeseen circumstances, and this extension can be done upto a cumulative maximum of 365 continuous days.
How to Choose the Correct Single-Trip Travel Coverage?
When selecting a single-trip travel insurance, you need to determine these factors:
●Extent of Coverage
When selecting a Single trip travel insurance, it is required of you to consider the extent of the coverage, ie the Sum Insured under the policy, which most companies offer between $50,000 t0 $500,000 for Accident & Sickness. Do not fall for the trap of going for cheaper travel insurance packages, which may have limited coverage. The insurance plan that you choose should serve the purpose that it is intended for. Make sure that the policy you choose has an extensive range of benefits.
●Policy Coverages / Benefits
Another important factor to determine when considering the best single trip travel insurance apart from the coverage limits are the number of coverages provided under the opted plan. You do not want to face any surprises when you ultimately decide to claim your insurance. Check the benefits that are covered in your policy thoroughly and ensure you understand what is covered and how you can claim for them.
●Exclusions and Limits
Every coverage policy has its limits and restrictions. Go through the Policy Wordings or Terms & Conditions (T&Cs) carefully and determine whether it would benefit your upcoming trip. For instance, if you take a travel insurance coverage policy for the region of the South Korea but decide to make a claim after visiting USA, then that would not be covered since the policies have a geographical scope, which needs to be followed. Your claim would get rejected then, and you would have to pay the expenses out of pocket. Similarly almost all policies have an exclusion for Pre Existing Medical conditions, except in the case of Life Threatening Conditions, which you must be aware of. Go through the Exclusions List while purchasing a policy.
●Claims Settlement & Assistance Abroad
It is extremely important that you are aware the process for availing Assistance or Filing a Claim abroad. The Assistance Company (TPA) numbers /email ids are available on the Certificate of Insurance, keep them handy. You can call the Assistance company for any help or support required be it medical or non-medical while abroad.
●Reputation of the Provider
This is another important factor to consider when selecting a suitable travel insurance plan for yourself. Make sure to go through reviews regarding different insurers when considering taking a travel single trip insurance. There are some insurance companies like Star Health which specialise in Travel Insurance and it is advisable to go ahead with such insurance partners.
●Premium Payable
Getting a premium quote from various insurers would give you an idea about the kind of outlay you have to save up for travel insurance. A majority of the companies who provide insurance policies give out price quotes upon request. Always take time to compare the benefits vs the premiums of the insurance plans before deciding on the best plan to go ahead with.
Conclusion
Travelling is best enjoyed when you remain free of worries. This can be ensured by getting a single trip travel insurance for your upcoming travel! At Star Health, we provide a variety of travel insurance options from which you can choose. With our super affordable premiums, you can now get coverage for yourself or your family members under our policies, which is supported by efficient and effective Claims and Assistance abroad. Reach out to our team here to get more detailed information about the offered policies.
