Comparison of Various Travel Insurance Options Available in India

Posted on: Jan 3, 2019 | | Written by:

Comparison of Various Travel Insurance Options Available in India

Published on October 03, 2022. EST READ TIME: 3 minutes

Travel insurance is a very important aspect that must not be sidelined during overseas trip for business, vacation or higher studies. But to choose the right travel insurance policy from the various options available in the market is a difficult task. Here we try to decipher the maze for you. Basically there are three types of travel insurance available in India namely, single trip, multi-trip and family travel insurance.

Types of Travel Insurance Available in India

1. Single trip Travel Insurance

This is typically suited for an occasional traveller, as the name suggests. The maximum coverage provided under this type of travel insurance policy do not exceed more than six month.(limit may change company to company) These types of plans are tailor made for businessman, individuals and families who want to travel overseas on special occasions. Most common covers offered under Single trip travel insurance plans are accidental death, emergency evacuation, medical expenses, disablement benefit, and delayed departure & baggage.

2. Multi trip Travel Insurance

Especially made for people who frequently travel overseas, multi-trip travel insurance is valid for one year and the customer gets to choose from 30, 45, 60 and 90 days as the duration of their trip. This type of travel insurance policy helps the flier to save considerable money and time. As the flier has to pay the premium once and be covered for the entire trip irrespective of the number of trip he/she undertakes during the entire year when the policy is valid. Flier has to pay the premium once for the entire year, irrespective of no. of trips he/she undertakes during policy period.

3. Family Travel Insurance

family travel insurance, also known as family floater plan provides comprehensive financial coverage to the entire family who wishes to travel overseas for a single trip. All family members are covered under a single policy with single premium. Here, the sum insured is shared among family members.

4. Senior Citizen Travel Insurance

Senior citizen travel insurance plans are individual travel insurance plans available for elderly travellers aged above 60 years. These plans cater to the elderly and consider various age and health-related risk factors that standard individual travel insurance policies do not cover. A senior citizen travel insurance policy covers pre-existing ailments. In addition, it provides various hospitalisation and medical benefits, including intensive care treatment, anesthetic service, doctor visits, ambulance services, surgical care, and many more, apart from standard covers for baggage loss and flight delay cancellations, among others.

5. Student Suraksha Travel Insurance

It is advisable for every students travelling abroad for study purpose to have a student travel insurance plan. A student travel insurance policy provides compensation in case of accidental bodily injury or sudden illness while you are abroad.If any student loses those suitcases, it might cost them financial losses. Student travel insurance policy can help you recover your finances, allowing you to settle down with all your essentials. Apart from this, a student travel insurance policy here can help you get reimbursed such that the damages are eliminated or limited in their scope.

Coverages Under Travel Insurance Plan

• Emergency Medical Benefits :

With this cover under the international travel insurance policy, you get coverage for medical costs incurred due to illness or accident, including medically necessary and prescribed emergency evacuation.

• Accidental Death & Permanent Disablement :

Covers the insured against an accidental injury that leads to death or permanent disablement while travelling in a common carrier such as rail, bus, tram, or aircraft.

• Emergency Dental Treatment :

With this coverage, the insured person gets the costs of emergency dental work from an accidental injury or acute pain.

• Hospital Cash :

Pays a daily allowance for hospitalization due to accident or sickness. With HDFC ERGO travel insurance policy, you get a wide network of one lakh plus cashless hospitals.

• Loss of Baggage & Personal Documents :

Insurer will pay the actual cost of replacing lost documents and belonging up to the total sum insured.

• Repatriation :

The insurer will pay for expenses incurred moving insured persons back to India if they cannot continue the journey after a hospital stay.

Conclusion

Next time you plan an international trip, be sure to have an overseas travel insurance plan to secure your journey. With HDFC ERGO travel insurance policy, no health check-up is required prior to travelling.

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

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