Travel Insurance

Introduction to Travel Insurance

4 min read

Travel Insurance belongs to the category of insurance which helps you cover losses that may occur while travelling (medical expenses, loss of passport, accidents, delay of trip, trip cancellation, etc).

You can get temporary international travel insurance at the time of booking your trip, and it provides cover till the trip comes to an end. Here, multi-trip travelinsurance is provided to cover all the risks that occur for multiple trips and is not limited to a single trip. You can get a travel policy for an unlimited number of trips for a specific period of time which is predetermined by both the insurer and insured. Check with the travelinsurnace company about the terms and then apply for international travel insurance in India which suits your requirements.

Before applying for travel insurance in India, be aware of the various key features and benefits that travel policies from travel insurance providers have to offer.

Key features and benefits of travelinsurance:

Medical Expenses:

While traveling, you may fall sick or may get involved in an accident. This will certainly be problematic in terms of money and the safety and health of you and your family. Often is the case when people are unable to pay all the medical expenses because of the foreign currency exchange rates (the Rupee for example is not very useful in Thailand). You can get the daily benefit of cash payment while you are in the hospital each day till the time of discharge from the hospital from the direct insurance providers. You are also eligible to receive dental treatments from travelinsurance providers by purchasing overseas insurance.

Travel and health policies give you the option to cover all health related expenses. Hence, you can enjoy your holidays as you do not need to spend money on such expenses.

Trip Cancellation:

There may be many reasons for your trip cancellation such as a relative’s death or a work related issue. If you had booked your trip and are suddenly forced to make a trip cancellation, you will certainly lose a portion of your money. Travel insurance in India provides full coverage for all the financial losses that you would otherwise have to incur because of trip cancellation.

Loss or Delay of Baggage:

There may be delay or loss of baggage while travelling, the travel and health insurance policy covers all the losses that incurred due to loss or delay of baggage from the general assurance company.

Loss of Passport:

International travel insurance helps you cover the expenses incurred when applying for a duplicate or new passport. If your passport is lost while travelling in India or abroad, you can apply for a new or duplicate one by paying certain amount of money. The international insurance or direct insurance providers such as Bajaj Allianz and ICICI Lombard will help you cover the expenses in getting a new passport.

There are many general assurance policy providers that provide international travel insurance in India where you can easily claim the loss incurred due to a loss of passport.

Personal Liability:

By having travel insurance, the individual’s expenses incurred due to injuries or death of a third party member will be paid for by the insurance provider. Hence, the direct travel insurance policy helps you save money for any third party damages.

Hijacking:

In any case, the flight in which you are travelling is hijacked, and then you can get the distress allowance by availing the international travel insurance in India from the travelinsurance providers.

Any Indian resident between the ages of 6 months to 70 years can apply for international insurance from the overseas insurance providers or travelinsurance companies.

The travel insurance policy holder can extend the period of the travel insurance in India before 7 days of the expiry date of the travelinsurance policy.

The company provides cover for trip cancellation expenses only if the trip is delayed for more than 12 hours (although this may vary from one company to another). Hence check with the company about the trip cancellation benefits and purchase the policy.

Exceptions of taking International travel insurance:

  • If the travelinsurance policy holders travel without taking the advice of a doctor
  • To get treatment in India or abroad
  • Any pre-existing diseases
  • Suicide
  • Wars, terrorism, illegal acts, etc

BankandFinance.com connects you with the best and top travelinsurance companies to provide the quality service at your door steps. Just input all your personal information in the quote form and get the instant and lowest rates from the multiple travelinsurance providers. Calculate your premiums by using the calculators and buy the policy online. You can compare all the benefits and key features with each company and make sure to check for the trip cancellation or delay benefit and avail the policy.