No matter whether you are a corporate, academic, or casual traveller, you might have run into issues like lost baggage, missed flights, or any medical emergency. If you often travel to other countries, it’s very important to have a specific international travel insurance plan.
To put it simply, international travel insurance protects against many unexpected problems that can happen during the trip. These problems may include things like flight cancellations or changes, lost or delayed luggage, medical emergencies, injuries from activities, problems with hotel booking, and even emergency evacuations. With such an international travel insurance plan, it gives you peace of mind by covering these risks when you’re travelling abroad.
Top 10 International Travel Insurance Plans
Here is a list of the top 10 international travel insurance plans in India.
- TATA AIG International Travel Plan
Tata AIG International Travel Plan is a comprehensive travel insurance policy which is designed to provide peace of mind for travellers exploring international destinations. With this plan, you can fully enjoy your trip without worrying about unexpected issues. Furthermore, it offers coverage for a range of situations, including delayed luggage, lost passports, and even COVID-19 emergencies. Also, the plan offers extensive coverage, which ensures you are supported throughout the journey, no matter what challenges arise.
- HDFC ERGO Travel Explorer
HDFC ERGO Travel Explorer is an innovative international travel insurance plan that offers extensive benefits for travellers. The policy is designed to provide support in a variety of situations, including medical and dental emergencies, loss or delay of checked baggage, flight delays or cancellations, theft, robbery, and loss of passport while travelling abroad. With up to 21 different benefits included in one comprehensive plan, you can choose from three tailored options to fit your specific needs. The coverage amount ranges from $40,000 to $1000,000 and there is no requirement for a health checkup before you travel, which makes it a convenient choice for your international adventures.
- Reliance Travel Care Policy
Reliance Travel Care policy is one of the popular international travel insurance plans that perfectly cater to your traveller needs, including individuals, families, senior citizens, and students. The policy covers a wide range of medical expenses which may include medical treatment, emergency hospitalization, and transportation, with coverage up to USD 50,000. Furthermore, it includes coverage of up to USD 500 for any accidental dental treatment required during your travels.
- ICICI Lombard’s travel insurance
ICICI Lombard’s Travel Insurance provides essential financial protection against a wide range of unfortunate events that may occur during your travels. Furthermore, this insurance plan is suitable for travellers going abroad for leisure, business, or educational purposes. The plan offers coverage for medical expenses, trip cancellations, and protection for lost or delayed luggage. It offers two distinct plans (Gold and Platinum) with sum insured options of $50,000 and $100,000.
- Care Explore: International Travel Insurance
Care Explore: International Travel Insurance is a dedicated travel insurance plan that offers coverage designed to enhance your travel experience. The comprehensive insurance plan covers a range of situations, including trip cancellations, hospitalization, and compensation for lost baggage. Furthermore, the plan includes inpatient and outpatient hospitalization coverage for emergencies, protection for pre-existing diseases in life-threatening situations, treatment in your home country for inpatient care, accidental death, and dental expenses. With a sum insured of up to $100,000, Care Explore ensures that you are protected during your international travels.
- Bajaj Allianz International Travel Insurance
Bajaj Allianz International Travel Insurance is another major international travel insurance plan that provides coverage for unexpected events that may occur during your travel abroad. The insurance plan includes essential protections such as coverage for medical emergencies, trip cancellations, lost baggage, and various other travel-related risks. With Bajaj Allianz, you can enjoy your journey with peace of mind. The policy offers a minimum coverage amount of €30,000 (which equals to roughly Rs. 2,699,453.67 which ensures adequate protection for your international trip.
- SBI International Travel Insurance Policy
If you are planning to study abroad and require a trusted international insurance plan then look no further than SBI International Travel Insurance Policy. Whether you are on a business trip to secure a valuable deal or enjoying a family vacation, this travel insurance protects you from unexpected situations that may arise during your journey. Furthermore, the policy covers medical emergencies, personal accidents, travel assistance, and personal liability, which ensure that you have support when you need it the most. With coverage of up to $500,000, you can travel with confidence and enjoy a stress-free experience abroad.
- IFFCO overseas travel insurance policy
IFFCO Tokio International Travel Insurance provides comprehensive online travel insurance for individuals, families, or groups travelling for business or leisure. The insurance plan covers multiple unexpected situations, including misplaced luggage, lost passports, medical emergencies, and many other travel-related mishaps. With IFFCO Tokio’s international travel insurance plan, you can explore the world without the burden of worries and stress. Furthermore, the plan offers coverage for medical expenses of up to $500,000 which ensures you are well-protected during your travel.
- Star Travel Protect Insurance Policy
The Star Travel Protect Insurance Policy is one of India’s popular international travel insurance plans. It is designed to cover expenses related to medical emergencies and travel inconveniences while you are abroad. Furthermore, the policy offers four different sum insured limits to choose from: USD 50,000, USD 100,000, USD 250,000, and USD 500,000. It is available for individuals residing in India who are aged between 6 months and 70 years. With such an insurance policy in hand, you can enjoy your trip with the assurance that you are protected against unexpected challenges during your travels.
- Future Travel Suraksha (Future Generali)
Future Travel Suraksha by Future Generali is another dedicated international travel insurance plan which is designed to protect against accidents and emergencies while travelling abroad. Whether you face illness, lost belongings, or other stressful situations during the holiday, the policy has got you covered. It offers a minimum coverage of €30,000 under the Schengen travel plan, $25000 under the Asia Plan, $50,000 under the Asia Plan (excluding Japan) and $50,000 under the World Plan. With Future Travel Suraksha, you can travel with peace of mind.
How to Lower Premiums for International Travel Insurance Plans?
If you are looking to minimize your premium for an international travel insurance plan, here is a list of the aspects to keep in mind.
- Decrease Unnecessary Coverage
One of the biggest ways to minimize the premium for an international travel insurance plan is you carefully review the coverage included in your insurance policy. Many international travel insurance plans come with features that may not be relevant to your specific trip. For example, if your flights and hotel bookings are fully refundable, you might not need coverage for trip cancellations or interruptions. Make sure you customize your policy to fit your travel needs which ensures that you don’t end up paying for coverage you won’t use.
- Secure Insurance Early
Another major way to minimize the premium for your international travel insurance plan is that you should secure it as soon as possible. It’s often observed that insurance rates fluctuate and typically, the earlier you buy your travel insurance, the better the rates you can secure. As your travel date approaches, both the premiums and the likelihood of cancellations tend to increase. If you want to reduce the premium amount, try to buy the policy within 1-2 weeks of making your initial trip deposits.
- Try to Manage Trip Costs
There is no denying that the premiums for travel insurance are often calculated based on your total non-refundable trip expenses. If you want to lower your premium, consider minimizing these costs. Try to opt for flights and hotel accommodations that offer refundable options. Thus, it would help reduce your overall expenses that require insurance coverage. If cost is a major concern, you might also think about shortening your trip to further decrease your overall spending.
- Boost Your Deductible
One of the simplest ways to reduce your premium is to increase your deductible. For those who don’t know, the deductible is the amount you agree to pay out of pocket before your insurance kicks in for medical bills or emergencies. When you decide to cover more of the initial cost yourself, you can significantly lower your monthly premiums. However, you stay cautious not to set your deductible too high, as doing so might render your insurance ineffective. If your deductible is excessively high, you could find yourself in a situation where you essentially have no coverage when you need it.
- Buy Online
Last but not least, you should consider buying an international travel insurance plan online to save money on a premium amount. When you buy directly from the insurer, you can avoid extra costs associated with intermediaries. Additionally, you should be aware of travel websites that offer standard policies, and you might end up paying for coverage that doesn’t meet your specific needs. Always compare different policies and understand what is included to ensure you’re getting the best value for your travel insurance.
Frequently Asked Questions
Listed below are the frequently asked questions related to international travel insurance plans in India.
No, you won’t get coverage for treatment abroad unless it’s an emergency or you are critically ill. If you have a pre-existing condition that wasn’t declared, your insurer won’t distribute you.
No, travel insurance only covers issues that happen while you are abroad. It doesn’t cover lost passports in India.
You should seek help from local authorities and inform your insurance company right away. You can contact the insurance provider’s toll-free helpline or the TPA services. They will assist you and provide a list of nearby hospitals.
Yes, you can extend it as long as you inform your travel insurance company within the required time frame.
No, you can only buy it for yourself and for your parents, spouse, and children.
