Frequent travelers can now reduce costs of up to 30% in travel insurance while simplifying their coverage. Instead of buying separate policies for each trip, they can opt for an annual multiple travel insurance plan (AMT).

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

What does it offer?

A plan for the whole year

With the AMT plan, travelers do not need to buy a new policy for each trip. It covers multiple trips up to 30 days each.

Cost savings

Travelers who frequently go abroad can reduce their expenses.

The AMT Plan begins at ₹ 4,259 for a sum of $ 500,000 insured, said Pollybazaar.

Know Kapadia, head of travel insurance at Pollybazaar, said: “For frequent travelers, the management of multiple insurance policies can be a nuisance. The AMT Plan simplifies this by covering all trips during a whole year under a policy. Travelers can save up to 30% in premiums while guaranteeing medical emergency coverage, travel cancellations and loss of luggage. “

Comprehensive coverage

The AMT plan includes protection for medical emergencies, travel cancellations, loss of luggage and pre -existing conditions.

Process

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

Multiple travel insurance in front of a single trip

A comparison highlights the financial benefits of choosing an AMT plan in a unique travel policy:

Feature	Unique Travel Plan	AMT plan
Geography	USA	USA
Age	35 years	35 years
Days	30 days	30 days per trip
Insured sum	$ 2,50,000	$ 2,50,000
Coverage	Medical coverage, pre -existing disease coverage, cancellation/travel reduction for a 30 -day trip	Medical coverage, pre -existing disease, cancellation/travel reduction and loss of luggage for a maximum of 30 days per trip (multiple trips)
Trips	Unique trip	Multiple Trips of 30 days/Maximum trip
Premium (generic comparison, not in the same insurer)	From INR 2659 for $ 500,000 from INR 2158 for $ 250,000	From INR 4259 for $ 500,000 from INR 3861 for $ 250,000
Validity	30 days from the start of the trip	Multiple travel of 30 days to a total of 180 days in 1 year from the start date of the trip of the first trip
For 3 trips of up to 30 days each	Yes: $ 250,000 @ inr 6474	Yes: $ 250,000 @ inr 3861 (save until in 2613)
Required the purchase	With each trip	Only once valid for 365 days

(Source: Pollybazaar)

Differences between AMT plans and policies bought on travel reserve platforms

The travel insurance bought through online travel platforms such as Makemytrip, Cleartip or Goibibo, mostly offers a single trip coverage, which requires a new policy for each trip.

These policies can offer convenience at the time of the reserve, but they could have limitations in the coverage options.

With an AMT plan:

• Travelers do not need to buy a new policy for each trip.
• Coverage can be more extensive, including benefits such as loss of luggage and travel cancellations.

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