Travel Insurance

·         Emergency Hospitalization & Medical Treatment:  Nobody can rule out the possibility of a medical emergency while travelling. By insuring your journey, you can stay assured as all your hospitalization and treatment expenses will be taken care of by your insurer.

·         Compensation for Flight-Related Adversities: Facing any adversities related to your flight is very common and chances of facing it increase if you are travelling abroad. Whether there has been a flight delay leading to a missed connecting flight or a delay or loss of baggage by your airline, your insurer will compensate for the losses you have incurred.

·         Trip-Related Adversities:  Nobody knows when an emergency can hinder your travel plans and would force you to delay or cancel your trip. International travel insurance provides coverage for unforeseen trip delays or trip cancellation.

·         Cashless Hospitalization Facility: If you get hospitalized or are availing medical treatment at an empanelled hospital of your insurer, you can receive cashless service under your international travel insurance online plan in which all your medical bills will be settled directly by your insurer. You would not have to pay up the hospital for any covered treatment.

·         Customized Policies for Senior Citizens:  While travelling, the needs of senior citizens are way different from the needs of other kinds of travellers. Taking cognizance of this fact, most travel insurance companies offer customized trip insurance policies for elderly people who are travelling within India or abroad

·         Available for Frequent Flyers:  Buying an insurance policy for each journey can turn out to be pretty expensive for people who travel frequently or multiple times in a year. To ensure that such frequent flyers enjoy the perks of trip, travel insurance plans on each journey without spending a fortune, insurance providers offer multi-trip policies with a year-long validity.

• Multi-Trip Travel Insurance: This type of insurance plan is for people who undertake multiple overseas journeys in a year. It offers the same level of benefits on every trip, without buying a new policy before each journey. Thus, a traveler ends up saving large sums of money by opting for a multi-trip insurance policy. It is mostly purchased by people who go abroad frequently for business purposes.

• Single Trip Travel Insurance: This type of insurance plan protects the insured traveler only for a single journey. Its validity begins with the start of the journey and ends with its culmination on returning home. This international travel insurance comes with a host of coverage that consists of medical cover as well as non-medical covers such as delay or loss of check-in baggage, personal liability, etc.

The travel insurance policy provides a safety net from any unwanted expenses that would otherwise ruin your trip. These expenses include:

·         Trip Delay

·         Loss of Passport

·         Repatriation of Mortal Remains

·         Delayed/ Loss of Baggage

·         Medical-Related Emergency

·         Emergency Medical Evacuation

·         Hijack Distress Allowance

·         Compassionate Visit

·         Accidental Death and Disability

·         Home Burglary 

Most trip insurance policies do not cover any claims arising out of the following reasons:

·         Claims arising due to dependency on intoxicants

·         War, Civil War or Terrorism

·         HIV AIDS

·         Alternative treatment

·         Cosmetic Treatment

·         Adventure Sports

·         Suicide or Self-Inflicted Injury

·         Pre-existing Diseases

In order to make an informed choice, you need to keep the following things in mind while buying an insurance policy for your journey:

• Traveller’s Age - Almost all insurers provide policies that suit the needs of travellers of different ages. For instance, senior citizen insurance has been custom-made to protect the elderly while travelling. Thus, travellers should select policies according to their age.

• Sum Insured Amount - The sum insured amount is directly proportional to the premium cost. The trip insurance policies with higher sum insured draw higher premiums. However, you must choose a sum insured amount that adequately covers your needs in case of an unforeseen incident.

• Coverage Offered - Compare and analyze the different coverage provided by various insurers. Your insurance should protect you from most of the risks that you may face during your journey abroad.

• Destination – The place where you are travelling should definitely be taken into consideration while narrowing down an insurance plan for your journey. Many insurance providers offer destination-specific policies such as Schengen insurance. Make sure you are covered from any threats that you are likely to face while visiting your destination.

• Trip Duration - The duration of your journey plays a major role in estimating your premium amount. The longer the journey, the higher the premium will get. Choose a policy that charges a lesser premium for the total duration of your journey.

• Claim Settlement Ratio - Before buying an insurance policy for your journey, you should check the claim settlement ratio of the different insurance companies. A company with a higher claim settlement ratio has settled more claims and thus should be preferred while buying trip insurance online.

• Credibility of the Insurance Provider - It is important to research about the credibility and goodwill of the insurance company while selecting an insurance policy for your journey. A company that enjoys goodwill in the market can be considered reliable and will settle the claims on time.

• Affordability - The best policy is the one that provides the maximum coverage at minimum cost. Make sure to choose a policy that is economical but provides all crucial covers.

• Hassle-Free Claim Procedure - While choosing an insurance policy for your journey, find out about the claim procedures of different policies. Complicated claim procedures will be more of a hassle at the time of settling the claim. You should choose the insurer with the quickest and most convenient claim process.