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Travel insurance is a type of general insurance that covers your entire vacation, no matter where you go in the world. This coverage is tailored to meet the needs of an individual who has purchased an international travel insurance policy for a leisure vacation or business trip. Because of the widespread use of the internet, more people are opting to purchase travel insurance policies online from anywhere in the globe.
Travel insurance protects you from further financial loss as a result of any mishaps that may occur during your vacation. It could include things like lost luggage, vacation cancellation, medical bills, passport loss, and more.
Importance of Travel Insurance
Traveling allows us to discover new cultures, people, and locations while also learning about the wonderful things the world has to offer. Many students aspire to attend their desired university while studying abroad. As a result, travel is a crucial activity in our lives, as are the uncertainties that come with it.
A sudden sickness that necessitates hospitalisation, for example, may result in unwelcome expenses that eat into your trip budget. Treatment in a foreign nation might also be expensive. Furthermore, journey delays due to severe weather or misplaced luggage are common scenarios in which you may incur extra costs. It’s when your travel insurance coverage protects you by paying for these costs.
Features & Benefits of Travel Insurance Policy
Here’s the list of features and benefits of the travel insurance policy;
1. All Medical Emergencies Are Covered
Unfortunate events can occur at any time, and the chances of them being health-related are higher. Imagine being stranded in a distant country with your family in such a predicament. Make sure you get comprehensive coverage that covers both in-patient and out-patient medical costs.
2. Loss of Checked Baggage and Loss of Passport coverage
Consider the situation of a person who arrives in a completely new location only to discover that his luggage has been lost or a person who loses his passport while travelling. You don’t want to find yourself in this scenario! Make sure you have travel insurance that includes coverage for these scenarios.
3. You’ll be Covered in the Event of a Personal Accident.
It’s critical to make sure your travel insurance covers you in the event of bodily harm or death as a result of an accident.
4. Covers you in the event of Trip Cancellation or Curtailment
Consider the case of a family member who becomes ill unexpectedly. You cannot travel until your travel plans are finalised. Make sure your travel insurance covers you in the event of last-minute trip cancellation or curtailment.
5. Cover for Luggage
Traveling entails a lot of luggage! While visiting your cousins in Canada, you might pack a few items, or buy something for your mother back home if you are strolling in Rome, or even buy a gorgeous piece of clothing for your partner while on a business trip to London. If you lose any luggage, the finest travel insurance package should cover you.
6. Legal Liabilities Insurance
While travelling to a foreign country, you may encounter situations that necessitate legal assistance. You may also require the assistance of a lawyer in such a case. This is something that the finest travel insurance plan should be able to supply. It should protect you from any legal ramifications in a foreign country.
Finally, the finest travel insurance in India should be straightforward to purchase, understand, and use in an emergency. Included and excluded items should be clearly specified and understandable. You should also be able to contact your insurance quickly if you require assistance.
Types of Travel Insurance Plans
The following are the types of travel insurance policies:
1. International Travel Insurance
International travel insurance is a type of travel insurance that provides full coverage against travel-related risks while travelling internationally. It covers a variety of unexpected medical and non-medical costs, such as in-patient and out-patient care, passport and checked-in baggage loss, trip delays or cancellations, and so on. To meet your needs, you can purchase country-specific international travel insurance plans.
2. Family Travel Insurance
During an overseas journey, family travel insurance provides comprehensive coverage for the entire family. All medical and non-medical expenses of each insured family member can be covered under a single plan.
3. Senior Citizen Travel Insurance
A senior citizen travel insurance policy is specifically designed to provide coverage for travel-related risks for travellers who fall into the senior citizen age category, that is, individuals over 60 years old who have not undergone a pre-medical examination. Even pre-existing conditions and ICU care are covered under these programmes.
4. Student Travel Insurance
Student travel insurance plans are designed for students who want to pursue their studies abroad. Students’ travel insurance is tailored to their needs, allowing them to focus on their academics and return with fond memories. The student travel insurance policy protects students financially by covering any unexpected expenses incurred as a result of a medical or non-medical emergency.
5. Corporate Travel Insurance
It is a type of travel insurance for employees of a company that travel for business to different areas inside or outside of the country. Corporate travel insurance coverage is the most secure approach to ensure that you are financially protected in the event of a medical or non-medical emergency while at work.
6. Group Travel Insurance
Those who travel in a group to the same place might save a lot of money by purchasing group travel insurance. When any group member encounters a medical or non-medical emergency, group travel plans provide comprehensive yet reasonable coverage.
7. Multi-Trip Travel Insurance
The policy duration for a multi-trip travel insurance policy is usually 12 months, during which the insured individual can take many trips and receive coverage for emergency medical and non-medical expenses.
8. Single Trip Travel Insurance
A single trip travel plan provides coverage for a single trip to an international destination or anywhere in India. Travellers, on the other hand, can visit many destinations in a single journey. This sort of travel insurance covers the insured individual till they return home.
Best Travel Insurance Plans
|Travel Insurance||Eligibility Criteria||Key Features|
|Aditya Birla Travel Insurance||NA||
||International Travel – up to Rs.25,000 Domestic Travel – up to Rs.10,000|
|Bajaj Allianz Travel Insurance||6 Months to 70 years||
|Bharti AXA Travel Insurance||03 months to 85 months||
|Digit Travel Insurance||03 months to 99 months||
|National Travel Insurance||NA||
|Oriental Travel Insurance||06 months to 70 years||
|SBI Travel Insurance||06 months to 70 years||
||Upto 3 lakhs|
|Tata AIG Travel Insurance||06 months to 70 years||
||Buy your international travel insurance policies starting from ₹40.82/day*.|
|United India Travel Insurance||05 years to 80 months||
||They also Provide Trip Protection, along with that they Cover In-patient & OPD with coverage up to $1 Million.|
|Universal Sompo Travel Insurance||01 day to 70 years||
|Royal Sundaram Travel Insurance||91 days and above||
How To Buy The Best Travel Insurance Policy?
The following are the steps that will help you to buy the best travel insurance policy.
1. Understand The Risks Covered
Travel insurance is only useful if it covers all of the risks that come with travelling. Before purchasing insurance, be sure that the following risks are covered: –
Trip cancellation or postponement owing to a family member’s illness, accident, or death.
- Coverage for medical emergencies
- Evacuation coverage in the event of an emergency
- Protection against bags and other personal belongings being stolen or lost.
2. Enquire About The Exclusions:
It is critical to be informed of the policy’s exclusions prior to acquiring travel insurance. This will assist you in better planning your vacation and minimise unneeded confusion during claim settlements. The majority of travel insurance coverage does not cover things like: –
Losses incurred as a result of regional civil wars.
- Charges for hospitalisation were incurred as a result of pre-existing conditions.
- A luggage delay of fewer than 24 hours.
- These exclusions vary by policy, which is why it’s crucial to check ahead of time.
3. Undertake Adequate Research:
In most cases, travellers purchase the travel insurance coverage recommended by travel agents. The coverage and exclusions given by various businesses varied in a number of ways. You will only be able to get the greatest policy that meets your needs if you do some study.
4. Determine the Amount of Coverage:
Before obtaining insurance, it is generally a good idea to evaluate the coverage. You can figure out how much coverage you’ll need by considering things like the length of your trip and the activities you’ll be doing. If you’re going on a leisure trip with little to do, you might choose a policy with less coverage, and vice versa.
5. Do Quick Comparison
Compare the plans at all times. Don’t make a purchase just on the basis of the sum insured and the premium. Compile a list of organisations and their services, such as online services, claims processing, toll-free numbers, payment choices, hospital networks, and so on.
Why Should You Consider a Travel Insurance Policy Online?
Because the expense of healthcare in other countries is typically 3 to 5 times more than in India, even a brief visit for a minor ailment might be costly. A comprehensive travel insurance policy will not only cover small out-of-pocket expenses but will also cover pre-existing conditions in the event of a life-threatening crisis. In addition, there are plans in the works that will provide services such as medical evacuation or air ambulance, as well as allowing
1. Save Time & Money
It is prudent to get travel insurance from a variety of sources, but it is advantageous to do it on the internet. Purchasing travel insurance online not only saves you time, but also saves you a lot of money. If you buy insurance online, you can avoid the difficulties of filling out paperwork and keeping track of your entire policy.
2. Online Quotes Comparison
One of the most important advantages of taking such a course is that you will be able to compare a variety of different quotations provided by various travel insurance companies and choose the best insurance policy that matches your demands.
3. Process of Registration is Simple
There are numerous online sites that enable quick online registration for travel insurance coverage provided by a variety of service providers on a common platform.
Such professional sites make it simple to compare the most recent internet quotations in order to help their consumers make informed decisions. Furthermore, you do not need to be concerned about any issue when registering for travel insurance on the internet with any firm. With service available 24 hours a day, seven days a week, you may make changes to your travel insurance policy at any time and keep up with the newest developments in insurance coverage.
4. Can I Plan an Emergency Trip?
If you need to arrange an emergency tour for any reason, obtaining travel insurance through the internet is the most convenient option. You won’t have to go to a lot of insurance company offices or even call around for quotes if you do it this way.
5. Methods of Payment That Are Simple
After you’ve decided on a travel insurance policy online, you may choose your payment method right away. When buying it online, you can use simple payment methods including credit cards, debit cards, and even EMI. The best thing about buying it online is that you may choose from a variety of options.
Does Travel Insurance Cover Covid-19?
If you’re considering a trip abroad in the near future, obtaining travel insurance might be one of the first things on your mind in the wake of the covid-19 outbreak. While having travel insurance is a requirement to ensure you’re covered in the event of an emergency, will the policy cover medical expenses incurred as a result of the infection?
When selling a policy, insurance firms may ask if you’ve been exposed to someone who tested positive for covid-19, and then decide whether or not to sell the policy. Premiums may also rise depending on the region you’re visiting and the severity of the epidemic there. “Insurers used to charge different premiums depending on the country a policyholder planned to visit before Covid-19. Premiums for a trip to the United States, for example, may be greater than premiums for a trip to Southeast Asia.
How Much Travel Insurance Coverage Do You Need?
There are numerous aspects to consider before purchasing the appropriate travel insurance.
Whether you’re travelling for business or pleasure, you’re certain to incur some significant medical costs.
According to travel insurance comparison websites, insurance should cost between 3 and 8% of your trip expense, depending on the coverage you want. For a $4000 trip planned (as an example), charges range from $130 to $282, depending on the level of coverage you choose.
Make sure to consider aspects such as the number of times you plan to visit a foreign nation, your trip budget, your travel days, your travel requirements, and more.
Inclusions & Exclusions
The coverage provided by insurers differs depending on the provider. The following are the most frequent travel insurance policy inclusions:
- Loss of baggage and personal documents
- Accidental death or permanent total disability
- Hijack distress allowance
- Compassionate visit of relatives
- Loss of passport
- Emergency medical expenses
- Repatriation of human remains
- Hospital cash allowance
- Personal liability in the event of a third-party injury or damage
- Delayed trip and missed flight connection
Travel insurance does not cover all eventualities and scenarios that may arise while on the road. If a claim is filed under the following circumstances, the insurance company will not be responsible to pay:
- Pre-existing medical problems
- Injuries caused by radiation
- Sports injuries that result in death
- Injuries caused by oneself
- Taking public transit that isn’t licenced to move people.
- Surgical costs, unless they were incurred as a result of an accident
- If the incident is not reported within 24 hours, the baggage will be lost.
- Checked baggage is lost in part.
- Pregnancy-related medical emergencies, such as abortion or miscarriage.
- Claims resulting from the outbreak of war.
- Alcohol drinking has resulted in a medical emergency.
- Using a treatment that isn’t allopathic
How to Calculate Travel Insurance Premiums Online?
There are a lot of things to consider when settling on a travel destination, right? After all, it’s a significant decision. We, too, evaluate a variety of factors when determining the amount of premium, you’ll have to pay.
It is not an exaggeration to suggest that age is simply a number and that people of all ages should enjoy the benefits of travel. As a result, we provide a variety of Travel Insurance Plans to suit your needs, regardless of your age. Your age, on the other hand, has an impact on the premium amount.
Senior citizens, for example, may pay a higher premium since they are more vulnerable to accidents and medical problems.
2. Travel Destination
The premium for our Travel Insurance Policy varies based on your travel location, just like the cost of aeroplane tickets to other countries. This disparity is due to the fact that, among other things, healthcare expenses vary among countries.
3. Number of Days
You might choose to go on a seven-day trip or take a three-month vacation. Whatever path you choose, we’ll be there to support you. The premium will be determined by the number of days you intend to spend at your dream destination.
4. Sum Insured
The total insured is another key consideration when determining your premium cost. The higher the medical coverage in the plan, the higher the premium is usually.
If you want to purchase additional coverage, many travel insurance policies include add-on benefits. These advantages can be selected for an extra layer of security. These extra coverage options are available when shopping for the best travel insurance online.
Sports with a high level of danger/adventure
Coverage for travelling to a war-torn country
Accidental death and dismemberment are more likely to occur.
Insolvency of a third-party supplier
Tips to Lower Your Travel Insurance Premium
People have the idea that purchasing travel insurance will increase the cost of their trip. Buying travel insurance coverage, on the other hand, is genuinely protecting yourself from any unfortunate events.
You can always find ways to save money on your travel insurance policy. Let’s discuss them in detail!
1. Get Your Insurance Early on
When you book a vacation, you should also buy travel insurance at the same time. You will only receive all of the benefits if you do so. You’ll also have more time to change your trip plans. If you get travel insurance ahead of time, you will be able to cancel your trip.
2. Multi-trip Insurance is Less Expensive.
If you travel frequently, going for a multi-trip coverage rather than a single-trip policy will save you money. This way, you won’t have to worry about obtaining a new policy every time you plan a vacation because you’ll be covered for all of your excursions in a single year under a single policy.
3. Customize Your Coverage
Do not accept the usual coverage provided by travel providers. Every person has unique requirements. Your criteria may differ from those of others. If you get a cover like this, you will have no coverage at all.
You’ll be underinsured and dissatisfied for the rest of your life. Instead, go with a reputable travel insurance company and pick and choose from their options. If you stick to this plan, you’ll only be paying for the coverage you need and won’t be wasting any money.
4. Always Shop Around Before Making a Purchase.
The internet has made finding excellent deals on anything and everything a lot easier these days. As a result, you should remember to make good use of online platforms, use the travel insurance premium calculator, and compare multiple policies to find the best offer for you.
When you compare general insurance companies, you’ll notice that they all offer the same coverage at different premium pricing. As a result, don’t settle for the first plan you come across; otherwise, you might miss out on a great deal.
5. Buy Travel Insurance Online
Hiring an agent, which is a long and tiresome procedure, is the conventional method of acquiring travel insurance coverage offline. If you go this route, you’ll also have to deal with a lot of paperwork. Furthermore, manually comparing is difficult. It not only wastes your time but also costs you money.
On the contrary, when you purchase travel insurance online, you get the same coverage with less paperwork, no intermediaries, and a lower price. Simply go to the insurance company’s website, follow the instructions, and fill out the required information. After that, you’ll have to pay the premium and the policy will be yours.
How to Extend Your International Travel Insurance?
Typically, you would purchase travel insurance solely for the duration of your trip. Extenuating conditions, on the other hand, may require you to extend your vacation. You may require an extension for personal reasons. On the other side, there may be an emergency that necessitates a delay. In either case, it’s prudent to guarantee that you’re not responsible for the costs of any unforeseen accidents, such as flight cancellations, baggage or travel papers loss, a medical emergency, and other likely circumstances.
When you extend your travel insurance in these situations, you can breathe a sigh of relief because you won’t have to worry about any financial consequences.
To extend your travel insurance, you must first have a valid travel insurance coverage that was purchased prior to the start of your vacation. You will not be
and reason for the flight cancellation if you need an extension. You may be required to give a medical certificate for any medical reasons that arise.
Step by Step Guide to Buy Travel Insurance
Different sets of documentation would be required for different situations. The following are some of the important documents that must be presented to the insurance provider in order for claims to be processed:
Original boarding pass or ticket.
a copy of the passport with the travel dates written on it.
Form for making a claim.
Original bills, receipts, and vouchers are required.
Medical consultation records, Original admission/discharge cards, and bills with prescriptions are required for medical claims.
A copy of your new passport and an emergency travel certificate (in case of loss of passport).
Detailed information about any compensation provided by airlines, if any (in case of loss of checked baggage).
Letter from the policyholder explaining why the trip was cancelled.
A copy of the cancelled check
Note: This is not a comprehensive list, and the insurance company may request further documentation.
What is the Claim Process for Your Travel Insurance Policy?
In the event of an emergency during your vacation, contact your insurance company by phone or email.
To contact them, utilise the insurance company’s contact information, such as a toll-free number or an email address listed on the policy document.
A Claims Service Representative will assist you in registering the claim, understanding the claim filing process, and obtaining the necessary supporting documentation for that specific policy.
Download the appropriate claim form.
Submit the completed claim form together with any supporting papers.
A surveyor chosen by the insurance company will examine the documentation.
The corporation will determine whether to adopt or reject the policy after an assessment.
Frequently Asked Questions
1. Is a medical examination required before purchasing travel insurance?
Most insurance companies do not need it if the adult is under the age of 70, but if you have a pre-existing ailment, you should mention it on the proposal form.
2. How is a travel insurance premium calculated?
The cost of travel insurance is determined by the insured’s age, the destination, the length of the trip, and the type of coverage selected.
3. What is covered under medical contingencies?
Expenses incurred for any sudden illness or injury
Medical evacuation to India
Transportation expenses of mortal remain back to India
Accidental bodily injury during the trip.
If you lose or have your vacation funds stolen, travel insurance will provide you with emergency cash.
Yes, if no claim is made during the policy period, a portion of your payment will be reimbursed.
In a new country, there’s a risk you’ll run across unexpected scenarios. Having a travel insurance policy would assist you in dealing with such situations. It safeguards you against travel hazards such as lost luggage, trip delays, accidents, and passport loss, among others.
7. What is deductible?
A deductible is an amount you must pay out of pocket before the insurance company will cover your claim.