Travel Insurance

With the rise in travel, one of the essential things that travellers need to understand is Travel Insurance. Travel insurance supports and covers a whole range of uncertainties and scenarios that can empty out a traveller’s finances. Travel Insurance is mandatory in most companies while applying for a visa. It is important to choose the right Travel Insurance which covers all the risks of travel.

What is Travel Insurance meaning?

In simple terms, Travel Insurance covers different risks associated while travelling to another country. Risks like medical expenses, lost luggage, flight cancellations, and other losses that a traveller can incur while travelling abroad are covered under travel insurance. Travellers can also opt for a travel insurance while travelling within the country but this option is more popular and sort after while travelling abroad. Travel insurance covers travellers from the day they start the travel and till the time they return back to India. 

Some of the risks covered under Travel Insurance are:

• Personal Accident Cover, which covers:
• Insured’s Death
• Permanent Total Disability
• Accident & sickness medical expense reimbursement
• Dental treatment relief
• Emergency evacuation
• Repatriation of remains in case of death
• Baggage delay
• Loss of checked baggage
• Loss of passport
• Flight delay
• Hijack
• Home burglary
• Trip curtailment
• Trip cancellation
• Missed connecting flight /Missed departure
• Bounced hotel/airline booking

Depending upon the requirements of the travellers, more risks may be covered under individual policies. Premium amount varies depending upon the  plan and varying risks opted by the travellers. Travel Insurance also covers additional risks to the traveller or the place the person is travelling to.

Types of Travel Insurance:

Individual Single/Multi Trips Insurance Policy: These policies provide travellers with an option of single trip Travel Insurance meant for one journey and Multi Trip travel policies for frequent travellers who travel abroad for business purposes. Some of these multi trip policies last for an entire year and cover multiple trips to a particular destination. Businessmen and frequent travellers who travel to a particular destination quite often find such multi trip polciies more cost-effective. We also have student policies that are specially designed for students going abroad for studies at an affordable premium. The maximum trip length can vary from 30days-60 days.

Group Travel Insurance policy: A group policy covers multiple travellers in a single policy. These policies are mostly preferred by companies who take their employees aborad  for reward and recognition. Travel companies also prefer group policies when they take large groups on tour across different countires. These policies offer similar benefits as single trip travel Insurance policies but are cost-effective. 

 While planning your trip abroad, it is advisable to choose Travel Insurance policy that provides exhaustive and high coverage.  There are a variety of Travel Insurance policies available in the market which are tailor made for specific segements like Student Travel Insurance, Domestic, Senior Citizens, Family and even Individual Travel Insurance.