This travel insurance feature lets you save up to 30% on multiple trips

Frequent travellers can now cut costs by up to 30% on travel insurance while simplifying their coverage. Instead of buying separate policies for each trip, they can opt for an annual multi-trip (AMT) insurance plan.

This covers multiple trips in a year with just one purchase, Policybazaar said.

What it offers?

One plan for the entire year

With the AMT plan, travellers don’t need to buy a new policy for each trip. It covers multiple trips up to 30 days each.

Cost savings

Travellers who frequently go abroad can reduce their expenses.

The AMT Plan starts at ₹4,259 for a $500,000 sum insured, Policybazaar said.

Meet Kapadia, Head of Travel Insurance at Policybazaar, said, “For frequent travellers, managing multiple insurance policies can be a hassle. The AMT plan simplifies this by covering all trips for an entire year under one policy. Travellers can save up to 30% on premiums while ensuring coverage for medical emergencies, trip cancellations, and baggage loss.”

Comprehensive coverage

The AMT plan includes protection for medical emergencies, trip cancellations, baggage loss, and pre-existing conditions.

Process

Once purchased, the plan remains valid for 365 days from the first trip date, eliminating the need for multiple renewals.

Multi-trip vs single-trip insurance

A comparison highlights the financial benefits of choosing an AMT plan over a single-trip policy:

Feature	Single trip plan	AMT plan
Geography	USA	USA
Age	35 Years	35 Years
Days	30 Days	30 Days per Trip
Sum Insured	$2,50,000	$2,50,000
Coverage	Medical cover, Pre-existing Disease cover, Trip Cancellation/Curtailment for one trip of 30 days	Medical cover, Pre-existing Disease, Trip Cancellation/Curtailment and Baggage Loss for Max 30 days a trip (multiple trips)
Trips	Single Trip	Multiple Trips of maximum 30 days/trip
Premium (generic comparison, not across same insurer)	Starting from INR 2659 for $500,000 Starting from INR 2158 for $250,000	Starting from INR 4259 for $500,000 Starting from INR 3861 for $250,000
Validity	30 Days from Trip Start Date	Multiple trips of 30 Days up to total 180 days in 1 year from trip start date of first trip
For 3 Trips of up to 30 days each	SI: $250,000 @ INR 6474	SI: $250,000 @ INR 3861 (save up to INR 2613)
Purchase Required	With each trip	Only once then valid for 365 days

(Source: Policybazaar)

Differences between AMT plans and policies bought from travel booking platforms

Travel insurance purchased through online travel platforms such as MakeMyTrip, Cleartrip, or Goibibo, mostly offer single-trip coverage, requiring a new policy for each trip.

These policies may offer convenience at the time of booking but could have limitations in coverage options.

With an AMT plan:

• Travelelrs do not need to buy a new policy for each trip.
• Coverage may be more extensive, including benefits such as baggage loss and trip cancellations.

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