Travel Insurance Plans on PolicyBazaar#1
- Individuals
- Sr. Citizens
- Students
Travel Insurance Companies in India
Travel insurance is provided by several insurance companies in India. Here is a list of travel insurance companies in India that you may consider:
| List of Travel Insurance Companies | Key Features |
| Aditya Birla Travel Insurance | Medical Emergency Assistance, Automatic policy extension & Baggage Loss |
| Bajaj Allianz Travel Insurance | Baggage loss, flight delays, loss of passport, Personal accident, Medical emergencies & Cashless hospitalisation |
| Cholamandalam Travel Insurance | 24X7 emergency assistance, No check-up up to 65 years, International driving licence loss & Home burglary |
| Care Travel Insurance | Covers pre-existing ailments, Compassionate visit & Daily hospital allowance |
| Digit Travel Insurance | Adventure sports cover & Pre-existing ailments cover |
*Disclaimer: The list of insurers mentioned is arranged according to the alphabetical order of the names of insurers. For more details on the features, benefits, offered terms and conditions, please read the sales brochure carefully before concluding a sale. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprises insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India, refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Types of Insurance Based on your Travel Requirements
Based on your travel requirements, the travel insurance companies offer different types of travel insurance cover, which are
Domestic Travel Insurance
International Travel Insurance
Corporate Travel Insurance
Student Travel Insurance
Medical Travel Insurance
Family Travel Insurance
Travel Insurance Consultants Vs. Buying Online
Gone are the days when you had to physically visit an insurer and need help from travel insurance consultants to select a plan. There are definitely perks of having an agent help you - they understand your needs, assess your traveller's profile, your budget and needs. They help you understand the technical insurance terms and help you with tedious paperwork and claims, too. But there are certain disadvantages too.
In today's fast-paced life, it can be difficult for you to take the time for a personal consultation. The amount of paperwork, discussions and troubleshooting doubts also takes a lot of time. Buying policy online eliminates these issues by providing you with every travel insurance company and their plans in one place.
Plus, since most travel insurance companies in India provide an online application, all you need to do is find a way to compare multiple travel insurers. This is something travel insurance consultants may not offer, as they are tied to specific insurers and may offer biased recommendations. Similarly, plans suggested by travel insurance agents may be good, but lack options and transparency. You can easily find all the necessary documents online, choose your own pace and buy a policy whenever you are ready.
Picking a Travel Insurance Company
To ensure that you have right travel insurance policy, take care of the following before you zero in on a plan:
-
Compare Travel Insurance Online
Today, almost all travel insurance companies are accessible online. Make sure to compare the benefits, additional coverage, and quotes offered by the different travel insurance companies before you buy a policy.
-
Should Cover Medical Expenses
Medical expenses in European and American countries are pretty high and may easily create a hole in your pocket. Therefore, opt for a travel insurance company that offers plans specific to countries meeting the requirements.
-
Analyse Different Features
In general, most companies offer almost similar features. Make sure to look for travel insurance plans with additional coverage so that you get the benefits.
-
Check Financial Capacity
Make a note of not going for an insurance company just because it is offering a low premium rate. Buying a travel insurance policy with inadequate benefits is not going to help you in times of emergency. Don't forget to check the insurer's incurred claim ratio as well as the claim settlement ratio to know their financial health.
-
Confirm Claim Rejection
The claim rejection ratio varies from insurer to insurer; therefore, it's advisable to go for the travel insurance company with a lower claim rejection ratio.
Travel Insurance Companies in India: FAQs
-
Q. Which is travel insurance company in India?
Ans: With numerous travel insurance companies in India, there are different plans with varying benefits that you can choose from. The best company for travel insurance will depend on your budget, requirements, its financial health and the benefits it is offering you. -
Q. Does travel insurance cover COVID-19?
Ans: Yes, most travel insurance companies in India have started offering COVID-19 coverage benefits. However, make sure to confirm this with your insurer before purchasing. -
Q. Which company has travel insurance claim settlement ratio?
Ans: This changes every year, and you can refer to the annual report issued by IRDAI for accurate data. -
Q. Can I cancel my travel insurance policy?
Ans: Yes, you can cancel your travel insurance policy in most cases. There may be some cancellation charges depending on your insurer. -
Q. How do I choose an insurance company?
Ans: You can select an insurance company by comparing its benefits, prices and overall reputation with other companies. You can also check public reviews to get a better idea.
Travel insurance companies
Aditya Birla
Bajaj General
Care
Cholamandalam MS
Digit
Future Generali
HDFC ERGO General
ICICI Lombard
IFFCO Tokio
IndusInd General
National Insurance
New India Assurance
Niva Bupa
Oriental
Royal Sundaram
SBI General
Shriram General
Star
Tata AIG
United India
Universal Sompo
Zurich Kotak
