Travel Insurance helps you tackle medical emergencies, unforeseen expenses and various other risks that you might encounter during a trip. It covers compensation for lost baggage or passport, trip cancellation, flight accidents, and other losses while travelling domestically or internationally. In India, travel insurance is quickly becoming a must-have while planning a family vacation, a business trip or even a trekking adventure.
You can choose from an array of travel insurance policies, such as those offering heavy medical reimbursements or others providing flight delay compensations. In some countries such as the United States of America, medical costs can be exorbitant. So, you can choose your travel insurance plan depending upon your country of travel. Similarly, for domestic travel, you can look at suitable plans that cover trip cancellations, journey interruptions, and other associated risks.
There are different kinds of travel insurance plans that you can avail.
Domestic Travel Insurance
For travel within the legal boundaries of India, you can avail this type of best travel insurance policy and get coverage for delays and interruptions in your flight or trip. It can cover medical emergencies, permanent disabilities, and even include the expenses and legal aspects in case of death during travel. For personal liability, the checked-in lost baggage and travel delay is usually included.
Overseas Travel Insurance
For all international destinations, overseas travel insurance policies are designed keeping in mind various possibilities such as compensation for total loss of baggage, cashless hospitalization and more. These policies also cover travel delays, hijack risks and losses, evacuation, loss of important travel documents and life coverage.
Student Travel Insurance
This travel insurance can help students going abroad to study in universities, colleges, and institutions of higher studies. Students can apply for it when they decide to pursue academic and professional courses in foreign universities. The paperwork required is minimal and comprehensive coverage is possible for medical and health, life, passport and documents loss, equipment loss, and interruptions in the course.
Medical Travel Insurance
This type of insurance is specifically for the purpose of visiting a country for medical treatment. It covers short-term travel, along with medical emergencies and situations of evacuations from the foreign country. There can be various clauses and exclusions depending upon the insurance provider and from whom the medical insurance is purchased.
Travel Insurance for Senior Citizens
This policy is a specially designed travel insurance plan for people belonging in the age group of 61 – 70 years. It usually covers dental and basic medical issues while they are travelling aboard with cashless advantages. It also provides other benefits associated with travel insurance.
Family Travel Insurance
Your entire family can be covered within a single travel insurance policy when you are travelling together. This will include coverage for baggage loss, flight cancellations, medical expenses, and cashless hospitalization.
Group Travel Insurance
This is for people travelling together and unrelated by blood, who can take insurance together to seek the same protection as in the case of a regular travel insurance policy while saving costs of individual premium.
Pregnancy Travel Insurance
This is a unique insurance covering the exigencies for a pregnant woman travelling to another country or even domestically who can claim medical assistance in case of any requirement.
Medical emergency and hospitalization – Bearing the exorbitant medical expenses in a foreign country can be a nightmare. It is advisable to buy international travel medical insurance to seek financial assistance in case of any bodily injuries, basic treatment, ambulance, and even hospitalization.
Compensation for flight issues – Get travel insurance in which delayed or cancelled flights are compensated along with accommodation during the ordeal.
Travel and accommodation – Losses due to changes in routes, emergencies or delays are compensated in a travel insurance. In-between transportation costs, lodging, and ambulances (if required) are also covered.
Personal liability – Personal liability covers offer coverage in case of any third-party bodily injuries during your travel or even if you accidentally damage a fellow passenger’s property.
Loss of passport – This is the most important document while travelling and this can be compensated by a travel insurance policy offering coverage towards expenses for reissuance of original passport in case it gets stolen or lost.
Terrorism – Losses to mental health or bodily harm and death during an act of terrorism can be compensated by taking an appropriate travel insurance.
Repatriation of remains – In case of death while travelling, the travel insurance can cover expenses of taking the insured person’s remains to the home country.
You can get the above travel insurance coverages by purchasing online travel insurance policies.
Different policies have different travel insurance eligibility criteria. There are some mandatory documents required for travel insurance such as passport, visa, income details, and tax statements.
Personal accidents, medical evacuation, ambulances, patient treatment, and hospitalization all are covered under travel insurance policies.
Delays/cancellations in flights and accommodation costs while in transit can be covered in a travel insurance policy.
Loss of baggage or breakage or theft is covered as part of travel insurance.
Emergencies, repatriation, dental issues, tour operator default, and many other unforeseen circumstances can mar your trip. You can buy travel insurance online and seek protection against these problems.
Travelling aboard is expensive, and any unforeseen circumstances can make a dent in your wallet. To help you smoothen your journey, ensure your personal safety and the safety of your belongings, you can buy travel insurance online that covers all types of risks associated with travelling. Also, delays and cancellations, and the expenses of rebooking or finding an unplanned accommodation can be covered by this insurance. The best travel insurance plans in India are those which also cover you for personal liability in case of accidental harm to someone else. Also, your health issues or even sudden hospitalization can be covered. Any loss of passport and documents will be assisted through special helplines of the insurance companies.
Understand your requirements – medical issues or delays/cancellations and then go for a heavy cover as per that.
A little background on the assistance of the insurance company will be useful.
Compare the features, benefits, and exclusions between various plans and providers before you choose a plan.
Figure out which type of policy will be suitable for you, keeping in mind your travel, place of visit, and period of travel.
Travel insurance is an insurance policy which offers compensation for losses – personal /medical and delays and cancellations of flights during your travel within India or internationally.
Medical emergencies, loss of baggage, delays/cancellations of flights, emergency accommodation, hospitalization, basic medical treatment, loss of important documents and many other such basic yet significant issues are covered under travel insurance policies.
Loss of baggage, expensive medical assistance in a foreign country, loss of important documents, cancellations /delays and extra expenses to cover those can ruin a well-planned trip. To smoothen the effects of delays and unexpected losses while traveling, a small premium for travel insurance will go a long way in helping you out.
You should get in touch with the travel insurance company, and they will assist you with the local point of contact who will reimburse you for expenses for getting another temporary passport issued in the same country. This is covered under your travel insurance if you have opted for it.
You can easily apply for travel insurance online by filling out the form provided on the website. You can also pay the premium amount online, from the comfort of your home, which makes the whole process hassle-free.
Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.”
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