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When you decide to travel, you aim for a hassle-free trip. Choosing travel insurance is one of the best ways to ensure the same. A travel insurance plan offers comprehensive coverage against travel and medical emergencies that may spoil your trip without the same. So, it’s better to be safe than feeling aggrieved about such unfortunate incidents. Whether you are traveling for business purposes, studies or personal vacation, it has become necessary to include travel insurance in your checklist while planning.

Having travel insurance is a must while traveling if you don’t want an additional financial burden due to unforeseen emergencies (medical conditions, accident, baggage loss, etc.) on your trip. A travel insurance plan covers you in the following situations. Have a look!

  1. Expenses incurred on medical emergencies
  2. COVID-19 Coverage
  3. Personal accident
  4. Emergency Evacuation
  5. Loss of passport or checked-in baggage
  6. Theft or loss of personal belongings
  7. Trip cancellation and delays

On this page, we are going to discuss everything about travel insurance so that you can understand its importance while traveling. Let’s start right away!

Why Do You Need Travel Insurance?

When you are in a foreign land, anything can happen as there is no guarantee that your trip will go as per your plan. To ensure protection in such a time, travel insurance comes to your rescue as it provides financial cover in unforeseen situations. Let’s check here some of the reasons why you should buy travel insurance.

Financial Support in Medical Emergencies

It could be costly to get proper medical treatment if you fall ill in a place new to you i.e. foreign location. The reason being the hefty cost of medical treatment in foreign countries compared to India. Travel Insurance provides coverage against expenses incurred on the hospitalization due to an illness or accident up to the sum insured limit.

Flight Rescheduling and Cancellation Fees

During travel, your flights can get rescheduled or canceled due to different reasons such as medical emergencies, bad weather, etc. In such conditions, travel insurance will cover different charges related to your trip.

Protection Against Personal Liability

If you are found responsible for property damage or injury suffered by someone else (your kid or any other family member), your travel insurance will cover all the expenses related to such personal liabilities.

Replacement of Lost or Stolen Baggage’s

One of the common instances during a journey is theft or replacement of luggage or any other valuable items. If you don’t want such instances, you should buy Travel insurance as it provides coverage against the same.

Coverage for the Entire Family

Travel insurance companies offer plans that protect not only you but also your family. You can choose the sum insured on an individual and family floater basis according to your convenience.

Mandatory Nature

Many countries don’t allow individuals to travel without travel insurance. So, if you are traveling to a country that doesn’t permit travel without travel insurance, you will need to buy one first.

Top Travel Insurance Plans in India

We are showing the list of top travel insurance plans along with their key features in the table shown below.

Travel Insurance PlanSum InsuredFeatures and BenefitsPremium Amount
Bajaj Allianz Travel InsuranceUp to $1 MillionTrip Cancellation

Medical Expenses

Trip curtailment

Trip Delay (up to 12 hours)

Medical Repatriation

Personal Accident Cover

Home Burglary coverage
Starting from INR 206
Bharti AXA Worldwide Overseas Travel InsuranceMedical expense up to $ 2,00,000Dental Treatment expenses

Personal accident cover

Daily Allowance in case of Hospitalisation

Daily Allowance in case of Hospitalisation

Loss of Passport and documents

Trip Cancellation and Interruption
-
Care International Travel InsuranceMedical evacuation expenses up to $50,000In-patient care hospitalization

Common carrier accidental death

Repatriation of mortal remains

Trip interruption

Trip Delay cover

Personal liability
-
Cholamandalam MS Comprehensive Travel InsuranceUp to $ 5 lakhFlexible Sum Insured to choose from

Extension upto 185 days for a single trip

Coverage without sub-limits for persons above 60 years of age

Optional Domestic Travel Cover

Covers loss of passport and international driving license
-
Digit Travel InsuranceAdventure Sports

Trip Cancellation

Medical Cove

Flight Delay

Delay of Checked-in Baggage

Loss of Passport

Daily Emergency Cash
Starting from INR 206
Future Generali Overseas Travel InsuranceUp to $ 5 lakhCoverage of medical expenses

Baggage delay and loss

Loss of passport

Personal accident
Starting from INR 348
IFFCO TOKIO Travel InsuranceUp to USD 5,00,000Dental Treatment

Daily Allowance

Loss & Delay of Baggage

Loss of passport

Personal Accident Cover

Financial Emergency Assistance

Personal Liability
Depends on the number of individuals covered by the policy, the age of the travelers, the destination, the duration of the trip, and the plan you choose
National Insurance Overseas Mediclaim Employment and StudiesUp to $5 lakhIllness cover

Medical evacuation

Medical emergency reunion

Cotingency insurance

Repatriation
-
New India Assurance Overseas Mediclaim Travel InsuranceUp to $5 lakhMedical expenses coverage

Loss of checked-in baggage

Delay of baggage

Loss of passport

Personal liability
-
Oriental Mediclaim InsuranceRanging from INR 50,000 to INR 5 lakhMedical expenses coverage

Outpatient coverage

Multiple plan options

Business and holiday travel cover for policyholders
-
Reliance International Travel InsuranceUp to $5 lakhTrip delay cover (6 day max)

Missed connections

Compassionate visit

Home burglary insurance

Total loss of checked-in baggage
-
Royal Sundaram Travel InsuranceStarting from 50,000 USD up to 10 lakh USDMedical Expenses (including Medical Evacuation)

Sickness Dental Relief

Daily Cash Allowance

Accidental Death & Dismemberment (24 hours)

Accidental Death & Dismemberment

Repatriation of Mortal Remains

Delay of Checked-in Baggage

Loss of Checked-in Baggage

Loss of Passport

Personal Liability

Trip Delay

Hijacking Benefit
Depends on your age, country of visit and number of days of travel

Key Features and Benefits of Travel Insurance

As mentioned earlier, travel insurance acts as a safety measure for travelers (flying domestically and internationally) against any medical or any other crisis to provide peace of mind. But before choosing travel insurance, it is necessary to look at its key features and benefits mentioned below.

Emergency Hospitalization Facility

During travel, you may fall ill for which you would need hospitalization on an emergency basis. Travel Insurance ensures that your finances remain intact in such a medical emergency. Your travel insurance plan will cover the treatment expenses during the hospitalization so that you can recover without any worry.

Personal Accident Cover

If an insured person dies or faces permanent disability due to an accident during his or her travel, travel insurance provides cover against such unfortunate events.

Missed Flight Cover

Travel insurance also protects you financially in case you miss your flight because of some unforeseen events. You will get coverage against official cancellation charges and additional transportation costs incurred by you.

Compassionate Visit

If the insured person is being hospitalized for more than 5 days due to any injury or illness during the trip, Travel Insurance covers the expenses for the social assistance of an immediate family member to the place of such an event.

Loss of Passport and Other Belongings

If a policyholder loses the passport during his or her trip, travel insurance will reimburse the expenses incurred on seeking a duplicate or fresh passport. Other than this, you will also get coverage in case you lose your valued personal belongings during travel.

Medical Evacuation or Repatriation of Remains

With a travel insurance facility, you will get coverage against the cost incurred for an ambulance (or any other emergency transportation) during the trip. The policy will also cover the costs of transporting the remains of the deceased insured person back to the country of residence or place of origin.

COVID-19 Coverage

Considering the high-cost medical treatment of COVID-19, travel insurance has started to cover the expenses incurred while you are on a trip abroad. However, you should check whether it provides COVID-19 coverage or not before choosing the policy.

Home Burglary Coverage

A travel insurance policy also covers losses or damages happening due to theft, fire or burglary to your home in India, while you are traveling abroad. It ensures that you enjoy your trip without any worry about the safety of your home.

Dental Treatment Expenses

Travel Insurance will also cover the expenses incurred on dental treatment while you are on a trip.

Affordable Premiums

One of the best things about travel insurance is that individuals can choose a suitable plan by paying an affordable premium. The premium of a travel insurance plan depends on several factors mentioned below. Do check!

  1. The age of the insured person
  2. Pre-existing medical conditions
  3. Duration of travel,
  4. Time sensitivity
  5. Type of coverage
  6. The country where you are traveling

Types of Travel Insurance Plans in India

Before choosing a travel insurance plan for yourself, it is crucial to understand its different types to make an informed decision. Insurance companies provide different plan types to cater to people from different backgrounds with diverse needs. We are showing all of them below. Please check!

Domestic Travel Insurance

As you can see from its name, this type of travel insurance protects you from emergencies on a domestic level i.e. within India. You can purchase this policy for yourself as well as your families if you are traveling within India. This policy provides coverage against medical emergencies, flight delays or cancellations, etc. Some insurance companies also offer multi-trip policies that cover you for the entire year. So, if you are a frequent flyer, you should choose such a policy.

International Travel Insurance

In contrast to domestic travel insurance, this type of travel insurance covers individuals and their families traveling overseas. An International travel insurance plan provides  coverage for baggage or passport loss, flight cancellation/delay, personal accident, medical expenditures, etc.

Student Travel Insurance

This policy is exclusively designed for students who are traveling abroad for further studies. Students can get comprehensive coverage against the expenses incurred on medical emergencies, passport loss, medical evacuation, sponsor protection, etc.

Senior Citizen Travel Insurance

This policy is mainly for individuals who are 60 years and above. Senior Citizen travel insurance is just like health insurance as it protects them from unforeseen medical emergencies, dental treatment, repatriation of mortal remains, medical evacuation, etc.

Schengen Travel Insurance

There are 26 countries in the European Area which forms the Schengen Area. Schengen Travel Insurance is an exclusive plan that provides coverage to people traveling to one or more than one country. As per the law, any traveler traveling to a Schengen Country needs to procure a Schengen visa for which you need this particular travel insurance.

Things to Remember Before Choosing a Travel Insurance

We are showing key points that you should keep in mind before choosing travel insurance below. These points will help you make the right decision. Have a look!

  1. Choose a policy according to the age of the insured person
  2. Purpose of your travel
  3. Sum insured amount according to your premium affordability
  4. Coverage benefits offered by the travel insurance plan
  5. The destination where you are going to travel
  6. Duration of your trip (The longer the trip, the higher will be the premium)
  7. Claim settlement ratio of the insurance company
  8. Medical history or existing conditions

What is Not Covered Under Travel Insurance?

Awareness about the exclusions of travel insurance will help you make an informed decision about the right plan. We are showing them below. Please check!

  1. Health issues arising due to breach of law during your trip
  2. Pre-existing diseases
  3. Self-inflicted injuries or suicide attempts
  4. Participation in Warfare
  5. Participation in professional and risky sports
  6. Non-allopathic treatment
  7. Medical expenses due to unproven treatment
  8. Involvement in criminal activities
  9. Undertaking manual work
  10. Obesity and cosmetic treatments
  11. If the policy does not cover the area of your travel
  12. Unreported theft of personal belongings