Basic Guide to Travel Insurance plans for Worldwide Travel

“Travelling – it leaves you speechless and then turns you into a storyteller.”

-Ibn Battuta

Travelling is all about exploring the unexplored, making memories with those around you and weaving a tale out of these experiences that will transcend your time. In your pursuit to see the world, you will find yourself in different parts of the world as you take in the sights and sounds of exquisite locations, taste foreign delicacies, buy fancy memorabilia and explore various cultures.

As exciting as these possibilities sound, they also bring with them certain risks that you must prepare for especially when visiting distant and foreign lands. Risks of theft, damage to your property and unfortunate events that may cause bodily harm to you and your family are ever present and this is why travel insurance plans are necessary to ensure travel protectionand complete peace of mind no matter where you are in the world.

Different types of travel insurance

Travel insurance policies can be broadly classified into three types:

• Single trip travel insurance: This is best suited for occasional travellers and usually does not provide more than 6 months of coverage.
• Multi-trip travel insurance: The multi-trip travel insurance plans are the best choices for frequent fliers. These plans come with an annual validity and require premium to be paid each year. During this duration, travellers are covered for any number of trips they undertake during this validity period. However, there is a cap on the duration of each trip – policyholders can choose between 30, 45, 60 and 90 days.
• Family travel insurance: family travel insurance are policy floaters that provide worldwide travel insurance for the entire family.

Please consult the HDFC ERGO webpage for an exhaustive list of travel insurance plans.

Coverage

Travel insurance for worldwide travel mus include international travel health insurance. This is required for protection in the event of unexpected sickness, diseases and accidents abroad. Travel insurance coverage is as listed below:

• Emergency medical expenses
• Hospital cash
• Permanent disablement
• Accidental death and repatriation
• Loss of baggage and/or personal documents
• Hijack distress allowance
• Medical evaluation

Travel insurance will not cover liabilities due to war, terrorism, non-adherence to medical advice, intoxication or criminal acts.

Benefits

Travel insurance ensures that you remain protected from any unexpected losses and delays in your travel plans as well. Loss of baggage, passport and delay in flights are covered by most travel insurance plans. Additional benefits of travel insurance plans usually come with reimbursement of cancellation fee in the event of unexpected change in travel plans.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.