Single trip and annual travel insurance ensures peace of mind.

This article is regarding Travel Insurance, which is an attempt to minimize the financial risks, which can crop up, due to unpredictable circumstances while travelling.

Although there are different types of Travel Insurances, with different specifications, we can broadly distinguish them as 'Single trip insurance' and 'Annual multi trip insurance'. Annual Multi trip insurance is advisable for frequent fliers. It covers multiple trips taken during a span of 1 year. This scheme is usually taken by international businessmen, and people who love to travel. When you have this type of insurance, you don't have to worry about getting last minute insurance cover, in emergency. On the other hand, Single round trip insurance is cheaper and is a better option for people who plan their trips. If you're a student and planning to backpack across Europe, get yourself a Single round trip insurance. Other special schemes are there for Senior citizens. One notable insurance cover is the Extreme sports insurance. This type of insurance covers dangerous adventure sports like skiing, scuba diving, white water rafting etc. As of now, there are not many providers for this service in India.

The terms which are usually covered in policies are Emergency Repatriation / evacuation, medical expenses pertaining to disablement or death incurred due to injury during the trip, overseas funeral, expenses due to cancelled or delayed flights, and loss, theft, or damage to possessions.

The terms which are usually not covered in policies are illness or disease with which a person is suffering from, before he/she buys the policy, deliberately putting your life in danger, Claims involving alcohol and drugs, Claims involving ST D's like AIDS, and illegal activities.

Don't just believe the hype or buy a policy your aunt had bought. There are many websites which give you price quotes by different companies, and compare them for you and get your trip insured.