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Planning a travel? Need Insurance? Read on to find out more about travel insurance, types of travel insurance, the key features and the plans available in the market.

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Travel Insurance in India

Travelling used to be a hobby that was pursued to break free from work stress. But in today’s fast paced professional life, travel has become a compulsion and hence travels safety a necessity. Travel insurance is the insurance that is anticipated to cover the losses if any that is incurred while travelling. A comprehensive travel Insurance now-a-days includes baggage loss/delay and such facilities as Cashless hospitalisation, worldwide.

Need for Travel Insurance
Losses can be incurred by the travelers in many ways such as losing passport, baggage, delay in flights, medical expenses etc. Therefore having travel insurance is very important as the insurer will pay the amount of loss which is mentioned in the policy.
The following are covered by the travel insurance:
  • Loss of baggage
  • Delay or missed flight
  • Medical expenses in case of illness or accident
  • When the policy holder is prosecuted for damaging others property involuntarily, this insurance covers the cost.
  • Cancellation of trip due to personal reasons or due to ill health
Given below are the travel insurance types which are in demand:
Single Trip Travel Insurance - This insurance is for a single trip. This plan covers the medical insurance and cancellation of the trip.
Multi Trip Travel Insurance – This policy is designed for people who travel more frequently. The insurance is offered for specialized trips namely adventure holidays or golf holidays.
Long Stay Travel Insurance – This policy made for the people who go on long trips usually for more than 3 months and upto 18 months.
Medical Travel Insurance – This policy takes care of the policy holder’s health and medical issues that occurs during the vacation or travelling. The policy holder should provide the required details of the health condition to access this policy.

Key Features of Travel Insurance:
  • Ambulance charges are covered in most of the policies
  • In Cashless Insurance cover, the TPA or the insurer will pay the bills directly
  • In other cases the money paid is later reimbursed
  • Some Insurers cover domestic journeys as well.
  • The travel insurance taken for one travel will not cover a subsequent travel to another destination. For e.g. If you have an insurance covering your travel to China and wish to travel to U.S. from China, the policy is not valid. 
Top Travel Insurance Plans:
  • Royal Sundaram Alliance Insurance Co. Ltd
  • National Insurance Co. Ltd
  • Bajaj Allianz General Insurance Co. Ltd
  • IFFCO TOKIO General Insurance Co. Ltd
  • Reliance General Insurance Co. Ltd
  • ICICI Lombard General Insurance Co. Ltd
  • Star Health & Allied Insurance Company Limited
  • National Insurance Co. Ltd
  • TATA AIG General Insurance Co. Ltd
  • The Oriental Insurance Co. Ltd
  • Appolo DKV Insurance Company Limited
  • HDFC ERGO General Insurance Co. Ltd
  • United India Insurance Co. Ltd