What is Travel Insurance?

Travel insurance is a type of insurance policy that provides financial protection against unforeseen events during domestic or international travel. It covers risks such as trip cancellations, medical emergencies, lost luggage, flight delays, and other unexpected incidents, ensuring peace of mind while traveling.

Key Features of Travel Insurance

Medical Emergency Coverage:

• Covers medical expenses in case of illness, injury, or hospitalization during the trip.
• Includes emergency evacuation and repatriation.

Trip Cancellation or Interruption:

• Reimburses non-refundable expenses if a trip is canceled or cut short due to covered reasons (e.g., illness, natural disasters, or emergencies).

Loss or Delay of Baggage:

• Compensation for lost, delayed, or stolen luggage and personal belongings.

Flight and Travel Delays:

• Covers additional expenses (meals, accommodation) due to delays in flights or other modes of transportation.

Personal Liability:

• Covers legal liabilities if you accidentally cause harm or damage to a third party while traveling.

Adventure Sports Coverage (Optional):

• Protects against injuries during activities like skiing, scuba diving, or trekking.

COVID-19 Coverage (Optional):

• Many plans now include medical treatment, quarantine costs, and trip cancellations due to COVID-19.

Types of Travel Insurance

Single-Trip Insurance:

• Covers one trip for a specific duration.

Multi-Trip Insurance:

• Covers multiple trips within a specified period (usually a year).

Student Travel Insurance:

• Tailored for students studying abroad, covering medical emergencies, loss of important documents, and sponsor protection.

Family Travel Insurance:

• Covers the entire family under one policy for a single trip or multiple trips.

Senior Citizen Travel Insurance:

• Designed for travelers aged 60+, offering coverage for pre-existing medical conditions and other needs.

Domestic Travel Insurance:

• Covers travel risks within the same country.

International Travel Insurance:

• Provides coverage for overseas trips.

Why Do You Need Travel Insurance?

1. Medical Emergencies: Avoid high medical costs abroad.
2. Unpredictable Events: Protection from trip cancellations, delays, or interruptions.
3. Lost or Stolen Items: Recover losses for baggage or personal belongings.
4. Peace of Mind: Ensures you're financially protected in emergencies.

How to Choose Travel Insurance?

Destination-Specific Coverage:

• Ensure the policy covers specific risks for the country you're visiting (e.g., Schengen visa requirements).

Duration of Travel:

• Choose single-trip or multi-trip insurance based on your travel plans.

Medical Coverage:

• Look for adequate medical coverage, especially if traveling to countries with expensive healthcare systems.

Adventure Activities:

• Add adventure sports coverage if engaging in such activities.

COVID-19 Inclusion:

• Check if the policy covers pandemic-related disruptions.

How to Buy Travel Insurance?

1. Online: Purchase through insurance company websites or comparison portals.
2. Travel Agents: Many agents offer travel insurance as part of their packages.
3. Credit Card Benefits: Some premium credit cards include complimentary travel insurance.

Top Travel Insurance Providers in India

• ICICI Lombard
• Care Insurance company
• Tata AIG
• Bajaj Allianz
• HDFC Ergo
• Reliance General Insurance
• SBI General Insurance

Let me know if you need help comparing plans or selecting a provider!

Eligibility Criteria for Buying Travel Insurance in India 

Before getting the travel insurance quote, it is crucial to understand the eligibility clauses to ensure a foolproof purchase. The eligibility criteria of the online travel insurance policy Health Insurance are as follows:

How To Buy Travel Insurance Online?

To buy travel insurance online, follow the steps below:

Step 01: Visit the our site for  Insurance and navigate the travel insurance dropdown. Select the country you wish to visit.

Note: Select student travel insurance if you travel abroad for higher education.

Step 02: Once on the desired page, navigate to the right side of the screen, enter your phone number and click on the “calculate premium” button.

Step 03: Follow the form flow and provide details such as the proposer’s age and insured member(s) details in the designated columns.

Step 04: Select if the insured members suffer from pre-existing diseases. Select the desired amount of sum insured and proceed further.

Step 05: Once you click on the “get a quote” button, the premium amount will appear on the screen with the critical USPs of the plan. Proceed to make the payment and save a receipt for further reference.

What Makes Comparison of Travel Insurance Important?

Confusion is prudent if you have multiple travel insurance plans to choose from. So, “how to get the best travel insurance?” You may wonder.

The best way to choose a suitable plan is to compare online travel insurance from various insurers. Some reasons why comparison of travel insurance is essential are:

• Explore Better Coverage: Comparing various travel insurance online gives you an idea of coverage in various plans. Learning about various trip insurance also allows you to choose from the wide range of coverage options available in the market.
• Can Opt for an Affordable Premium: Various online travel insurance offers comprehensive coverage at a high premium, while some restrict coverage at a lower premium. Comparing various trip insurance allows you to opt for a policy that provides desirable coverage at an optimum premium.
• Choose from Destination-specific Plans: Some plans open the gate of worldwide destinations, whereas some are still designed to cover your destination-specific needs without digging a hole into your pocket. Thus, comparing multiple plans allows you to choose from the best options for your preferences.
• Understanding Exclusions: Considering the exclusion is another crucial reason for comparing travel insurance. Comparing various plans allows you to choose trip insurance that provides coverage for your desired factor; otherwise, you will be excluded from other travel insurance plans.

Documents Required for Travel Insurance

You may not be asked to submit a long list of documents if you purchase travel insurance online. However, as listed below, a list of documents may be required while proceeding with the KYC (Know Your Customer) procedure.

• A government-approved ID proof such as an Aadhar card, voter ID, driving license, or passport.
• An address proof such as electricity bill, water bill, aadhar card, etc.
• Bank statements or any other income proofs shall also be required.
• A medical certificate must be required in certain cases.

Please note that the documents required for travel insurance may vary from insurer to insurer based on the type of travel insurance you purchase.

How to Calculate Online Travel Insurance Premium?

Now, you can easily calculate the online travel insurance premium with the help of the premium calculator available on our website. It gives you a precise estimate of the premium to be paid to avail of travel coverage. With the below steps, you can estimate the right insurance premium and plan your travel budget accordingly:

• Enter your mobile number.
• Enter your email id.
• Your first name and last name.
• Select the country.
• Get a quote.

While using the travel insurance premium calculator, you can customise the policy. The premium amount will vary based on different factors.

Difference between Travel and Health Insurance

Both Travel and Health insurance have distinct benefits, coverage, exclusions, and claim processes. Below are the factors for your understanding:

Single Trip Vs Multi-Trip Travel Insurance

While finalising a travel insurance plan, you will get a choice between a single trip policy or multi-trip policy. Each has their own benefits and limitations. Take a look at the table below to understand the difference between single-trip and multi-trip policies:

Travel Insurance Terms You Should Know

While buying travel insurance online, you may encounter technical terms that may confuse you and distract your purpose of securing your trip. Below are a few terms you should know while buying travel insurance:

• Cashless Settlement: If you are eligible for cashless claim settlement, your insurance company shall directly pay for your losses to the third party. Travel insurance providers generally provide cashless settlement benefits in emergencies such as hospitalisation.
• Reimbursement: Under the reimbursement benefit, the insured member has to pay for the expenses first and can claim for the expenses later using the receipts.
• Sum Insured: The maximum amount the insurance company will pay during your trip is the sum insured by the travel insurance plan.
• Deductible: Deductible is a portion of your claim you must pay while the insurance company pays the rest.
• Sub-limit: Sublimit is a limited amount your travel insurance will pay for a claim. Claims incurred above the sub-limit shall be paid from the insured member’s pocket.
• Medical Evacuation: The arrangements made to port the patient to the hospital or the home country are known as Medical Evacuation.
• Annual travel insurance: Travel insurance designed for individuals who take multiple trips in a year is known as Multi-trip or Annual travel insurance.
• Missed Connection: Missed connection is used when you miss your connecting flight during an international trip. Under travel insurance, you get covered for a missed connection if you miss your connecting flight due to covered reasons.
• Personal Liability: Personal liability is usually incurred when you accidentally hurt or harm a third party. Your travel insurance shall cover your expenses for personal liability if it is caused unintentionally and does not include a breach of law.
• Co-payment: Co-payment is a travel insurance of benefit under which the insured member has to pay a certain percentage of each claim.
• Common Carrier: A commercial means of transportation that transports people and goods from one place to another. In travel insurance, aircraft are usually referred to as common carriers.
• Equipment Failure: Equipment failure is a condition when a piece of equipment does not function as intended. In travel insurance, equipment failure represents a failure of a part of aircraft.
• Free look-up period: Free look-up period in insurance is when you can read all the policy documents carefully and may cancel the policy if you do not find the plan’s coverage and benefits useful. A free look-up period in travel insurance can be utilised only before the trip start date. If you purchase travel insurance at the last minute, you may not avail of the free look-up period benefit.
• Immediate Family Member: Blood relatives and spouses are usually called immediate family members. Your immediate family members include your siblings, parents, children and spouse.
• Insured Journey: Insured journey is a term that refers to a trip that has been covered with a travel insurance plan.
• Insured Person: A person who can avail benefits of an insurance plan is known as an insured person.
• Medical Expenses: Expenses incurred while getting treatment at a hospital are medical expenses.
• Pre-existing Condition: Pre-existing condition in insurance is used to refer to illnesses that have been prevailing with the patient before the purchase of insurance.
• Travelling Companion: The person travelling with you on a journey is known as your travelling companion. Your travel companion may/ may not be your immediate family member.
• Inpatient Care: Healthcare facilities provided to patients within the hospital premises are categorised under In-patient care.
• Inclement Weather: Severe wet and cold weather is known as Inclement weather.
• Insured Periods: Insured period is the time period that is covered by insurance. For instance, if you purchase travel insurance effective from today to the next six days. The seven days in which the policy is effective is the insured period.
• Foreseeable Event: Any event that can be predicted or is known to happen is foreseeable. Travel insurance usually does not cover expenses incurred due to foreseeable events.