Lets' assume that you travel extensively around the world
each year on business. Or, you are the head of the Human
Resources Department of a multinational company that has
executives in Brazil one week, Las Vegas the next, and
back at Head Office the week after that. In both scenarios
you're sure going to want to fine cheap travel insurance;
or at least, cheap compared to the current market rate
for single journey trips. So, how can you arrange this?
Underwritten by Allianz Australia Insurance Ltd (ABN52097227177, AFS Licence No.245631) with emergency support handled by Mondial Assistance, the world's largest travel assistance company.
The Annual Premium
The answer to your cheap travel insurance problems may
well lie with the annual premium travel insurance policy.
Unlike other mainstay insurance policies that cater for
single trips, such as the bundled, customized, or even
flexible, travel insurance, annual premium travel insurance
policies insurance travelers on their global travel for
a period of one year from the day that the policy is take
out.
As an individual business traveler, this may seem a little
excessive. But here's the catch, all you need to do is
determine how many times you think you may be traveling
in any given year and if you decide that you may be traveling
more than 3 times on business that year, there's an above
average chance that taking out an annual premium insurance
policy is going to work out a lot cheaper for you than
if you take out a series of individual packages.
If you are the head of a Human Resources Department, then
the appeal of annual premium travel insurance cover is
even more attractive as you can easily negotiate with
the insurance provider to provide you with annual travel
insurance in the name of the company; regardless of who
is travelling on company business. The costs savings to
your company could be huge. Of course, you would need
to check the policy carefully to ensure that one-off trips
to, say, the North Pole are covered (assuming your company
will be doing business in the North Pole this year). But
even where there are limitations and exemptions clauses,
and where your company may need to still take out single
trip insurances (for example, traveling to the Sudan may
need additional cover!), it is still likely that this
type of insurance policy will work out a lot cheaper for
your company.
The Retiree and the Annual Premium
A final category of travelers that may well benefit from
cheap annual premium travel insurance are retirees. More
and more these days retirees like to spend a considerable
part of their time traveling around the world taking in
all the different sites - whether that be on a ship as
part of a round the world cruise - or as tax exiles just
plane hoping. Fop such travelers the annual premium travel
insurance policy could be a lot less expensive than taking
out single trip insurance. And here the clincher - for
a retiree looking to travel for more than 6 months out
of the year, it is extremely likely that an annual premium
insurance is going to work out a cheap insurance for them
- even where their 6 months trip is going to be part of
one excursion!
