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Eligibility Criteria for Different Types of Travel Insurance Plans

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Published on September 15, 2021. EST READ TIME: 3 minutes

A travel insurance policy compensates the policyholder financially if something goes wrong while on vacation. Vacations, business excursions, and even educational visits are all covered by travel insurance. Medical crises, baggage loss, trip cancellations, accidents, and passport loss, among other things, can all be covered by the sum insured. It also provides pandemic medical coverage with minimal paperwork.

If you're planning on travelling within the country or abroad, a travel insurance policy is a good idea. Regardless of whether you're travelling for business or pleasure, obtaining travel insurance is the first step toward protecting yourself against a variety of dangers and financial losses that could arise during your trip. You can choose from a variety of travel insurance policies based on your specific needs.

What are different types of travel insurance available?

While purchasing travel insurance is necessary to ensure a stress-free journey, it is even more important to understand the many types of insurance packages available to travelers in India before making a purchase. Different sorts of travel plans have been created to meet the needs of people of different ages, whether they are a child, an adult, a student, or an elderly person.

• 1) Travel Insurance Plan for Domestic Travel

This plan applies to those who wish to travel within the nation's territory. Medical crises, robbery, airline delays, lifelong disability, and potential liability are all covered under a domestic travel insurance policy.

• 2) Travel Medical Insurance

It is a type of insurance that provides comprehensive medical coverage to insured travelers while on the road. It provides financial support in the event of a medical emergency that requires hospitalization when travelling internationally. Hospitalization costs, daycare costs, dentistry costs, medical evacuation costs, and the cost of repatriation of mortal remains are all covered by these insurance plans.

• 3) Travel Insurance for Groups

Group travel insurance is a comprehensive insurance package designed for groups of people travelling together. People who organize tour groups, industrial training, governmental trips, or pilgrimage tours frequently choose it. Consider a group of employees who are going to a business conference in another country. In such a case, it would be counterproductive for each member of the group to get their own travel insurance coverage, simply because premiums would skyrocket.

In this circumstance, group travel insurance coverage can save you a great deal of money on charges while still giving a security net against any unforeseen and unfavorable occurrences that may occur during your trip.

• 4) Travel Insurance for Senior Citizens

Travel insurance for senior citizens is aimed at elderly citizens offers additional coverage against dental treatments/procedures as well as cashless hospitalization, in addition to the regular benefits of acquiring travel insurance. This type of insurance plan is specifically designed for the elderly. It, like an international travel insurance plan, protects such travelers from unforeseeable financial problems such as medical bills, dental expenses, repatriation of mortal remains, loss or delay of check-in baggage, medical evacuation, and so on.

• 5) Travel Insurance for Students

Travel insurance for students is a student-friendly insurance plan designed specifically for Indian students studying abroad. It comes with a 2-year extended validity period. Apart from the standard coverage of an international travel insurance policy, it also includes features like sponsor protection, study interruption, medical evacuation, bail bond, and two-way compassionate visit for the insured and a family member.

• 6) Travel Insurance for Families

Travel insurance for family is developed specifically for families travelling together internationally. It normally covers the insured, his spouse, and any children who are dependent on him. Individual and family floaters are commonly available for the sum covered. Medical expenditures, passport loss, personal liability, loss or delay of checked baggage, and other benefits are available to all covered members of a family.

• 7) Travel Insurance for Businesses

This sort of insurance policy was created to meet the demands of business travelers. It normally has a one-year validity period and permits the insured traveler to make multiple trips. It provides coverage for things like travel delays, medical expenditures, baggage loss, missing a connecting flight, and so on.

Conclusion

In a nutshell, you should choose a type that best suits your needs after considering what you could need the most during your trip. It is critical to compare the numerous policies given by different insurance providers in India while purchasing insurance online. Visit HDFC ERGO for more information about travel insurance plans!

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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