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Travel Insurance

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.

If you are looking to Buy one of the best Travel insurance, check out the policies offered under Insurance by Bajaj Finserv, which provide affordable insurance plans to suit your exact need. You can select from a wide range of friendly travel insurance plans, whether it a Holiday Cover, a Road-Trip Cover or a Pilgrimage Cover.

What is Travel Insurance?

Travel insurance is a plan that provides protection against any unforeseen damage during domestic or international travel. It covers the financial risks that may occur due to loss of baggage, cancellation charges, or medical expenses.

A travel insurance plan covers several benefits with facilities like 24x7 assistance, a replacement for lost passports, re-booking of cancelled flights, etc. The easiest way to avail of these benefits is by buying travel insurance online.

The policies are not just restricted to travel within the country but also abroad. You can customise the plans as per your requirement, as travel insurance plans generally offer additional risk coverage with add-on premium payments. However, the coverage differs based on Indian and international travel. Thus, you must go through the policy terms before buying a travel insurance plan.

Why is Travel Insurance Important?

A travel insurance policy generally covers medical risks, travel risks and flight disruptions. You can easily buy your travel insurance online that covers all possible risks ensuring a hassle-free trip. Listed below are a few reasons to justify the significance of a travel insurance policy:

• Coverage against medical emergencies

Any health emergency during travel can create panic, especially in an unknown place. Thus, an ideal travel insurance plan ensures that proper medical assistance and hospitalisation expenses are covered.

• Coverage for loss of baggage

In case of baggage loss, you will be reimbursed based on the sum insured.

• Reimbursement for replacement of lost documents or passports

The expenses that may be borne by the insured for the replacement of passports or documents is reimbursed based on the sum insured.

• Flight cancellation coverage

If your flight is cancelled or delayed, you will be reimbursed or refunded a certain amount per the policy schedule.

However, it is recommended that you must go through the policy terms before buying an insurance plan as the coverage and benefits differ for international and Indian travel insurance plans.

Travel Insurance Plan

With Bajaj Finserv, you can get ideal travel insurance covering all the benefits to make your next trip hassle-free and stress-free. Refer to the plans given below:

S. No. Travel insurance plan Premium/Fee (Rs.) Sum insured (Rs.)
1 Domestic Travel Cover Rs. 699* 3 lakh
2 Travel Accidental Hospitalisation and Flight Cancellation Benefit Cover Rs. 110* 20,000
3 Travel (domestic) Medical Cash Cover Rs. 48* 1 lakh

4 Travel Accidental Hospitalisation and Medical Evaluation Cover Rs. 24* 25,000 5 Trip Curtailment Benefit Cover Rs. 73* 10,000 6 Pilgrimage Cover Rs. 599* 3 lakh 7 Trek Cover Rs. 699* 1.5 lakh 8 Road Trip Cover Rs. 599* 3 lakh 9 Backpacking Travel Cover Rs. 699* 1.5 lakh

Travel Insurance features and benefits

Compensation for flight issues

Get travel insurance in which delayed or cancelled flights are compensated along with accommodation during the ordeal.

  • 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.
  • 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.

Types of Travel Insurance Plans

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. An ideal domestic travel insurance plan must cover medical emergencies, permanent disabilities, and even include the expenses and legal aspects in case of death during travel. The checked-in lost baggage and travel delay are usually included for personal liability.
  • 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 hospitalisation 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.

Eligibility Criteria for Travel Insurance

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.

  • Student Travel Insurance usually provides insurance to students in a specific age-group, who are travelling abroad for higher studies.
  • International travel insurance and family travel insurance plans usually cover only two adults (up to 60 years of age) and two children (up to 21 years of age).
  • Senior Citizens usually get travel insurance up to 85 years of age without having to go through any medical tests.
  • Schengen Travel Insurance is available only for business or leisure travel and is available to babies (older than 90 days) and adults (up to 70 years of age).

Advantages of Travel Insurance

  • Medical benefits

    Personal accidents, medical evacuation, ambulances, patient treatment, and hospitalization all are covered under travel insurance policies.
  • Travel benefits

    Delays/cancellations in flights and accommodation costs while in transit can be covered in a travel insurance policy.
  • Baggage benefits

    Loss of baggage or breakage or theft is covered as part of travel insurance.
  • Additional benefits

    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.

Reasons to Buy a Travel Insurance Plan

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.

Key things to consider before buying Travel Insurance

  • 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 FAQs

What is Travel Insurance?

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.

What is covered in Travel Insurance Policy?

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.

Why is it important to take Travel Insurance?

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.

What to do if I lose my passport during travel?

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.

How to apply for travel insurance

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.

How to claim against a travel insurance policy

  • Complete all the travel insurance formalities specified by your provider prior to your planned travel date. Carry the original policy document along with you in the journey. Also, a soft copy of the policy document will help you in the processing of your travel insurance claims.
  • In case of emergency, call the helpline number to notify your losses and to understand the coverage and the travel insurance claim process. You will have to call the internal number provided for the claims assistance and take note of all documentation required.
  • The documents need to be gathered, authorized and emailed for seeking claims.
  • All relevant documents such as passport copy with immigration stamps, claims forms, a copy of the original policy, original bills, and receipts, police report if required and personal identity proof along with any other local documentation should be kept ready.
  • Submission is followed by a surveyor's assessment as appointed by the insurance company, and the due process takes place.

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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