Knowledge Centre

Various Options Available for Travel Insurance

Travel insurance protects you from certain financial risks and losses which can occur while you are traveling abroad or within the country. These losses can be minor or major such as delayed baggage, loss of baggage, last-minute flight cancelation, flight delay, or medical emergency. Whether you are planning to travel within the country or abroad for a business trip, vacation either with family, friends, or alone or for studying abroad, it is highly recommended to have a travel insurance plan which can take care of the risks or losses which might occur during the trip.

Travel insurance is designed to protect you and your loved ones from unforeseen circumstances. Other than financial protection, the huge benefit of travel insurance is access to assistance services. If you have travel insurance, the insurer’s team of medical experts not only arranges medical treatment in case of emergency but also monitors your care, serve as interpreters, etc.

There are various options available for travel insurance including

Individual travel insurance: If you are traveling alone, whether it is for business purpose or you are on vacation, individual travel insurance is the best option for you. Traveling alone can be a fun-filled thing to do but it also requires enough precaution and care. Individual travel insurance is designed to meet the requirements of a single individual. It covers you from travel related contingencies.

Family travel insurance: If you are planning to go for a vacation with your family do not forget to buy travel insurance first. A family vacation means leaving worries behind and making new memories. If on the trip, you are always worrying about emergencies, you and your family won’t be able to enjoy. With family travel insurance, you can rest assured that the insurer will take care of all emergency situations whether it is flight cancelation, flight delay, loss of luggage, medical emergency or any other emergency. Family travel insurance safeguards you and your family from uncertainties and possible risks which may occur during your travel. It not only keeps your travel plan running smoothly but also helps you in dealing with stressful situations during the travel.

Student travel insurance: This is a travel plan which is specially designed by keeping in mind the specific requirements of students. Students travel insurance covers everything including the safeguarding of critical documents, luggage, medical assistance, flight cancelation, etc. Because of increasing globalization, more and more students are taking admissions in their favorite universities and colleges across the world. So it became necessary to design travel insurance which can cater the specific needs of students in a foreign land.

Multi-trip insurance: If you are a frequent traveler, multi-trip insurance can offer you coverage for multiple trips. If you have multi-trip insurance, you do not have to buy travel insurance every time whenever you fly to a different country to attend a meeting, seminar, or any other event. Most of the insurance providers offer multi-trip insurance for a period of one year

What is included under travel insurance?

  • Emergency medical expenses

  • Emergency dental expenses

  • Medical evacuation

  • Body repatriation

  • Accidental death

  • Permanent disablement

  • Flight delay

  • Flight cancelation

  • Loss of baggage

  • Delay of baggage

  • Personal liability

  • Financial emergency assistance

  • Hijack distress allowance

  • Bail bond

  • Study interruption

  • Loss of passport

Whether you are traveling abroad or within the country, travel insurance offers you peace of mind by covering you in unforeseen circumstances. But do note that events like suicide attempts and hospitalization for the same, accidents due to alcohol or drug abuse, cosmetic treatments and injuries from adventure activities will not be covered by most insurers.

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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