Travel insurance protects you from any unexpected financial losses while travelling, internationally or domestically. Basic travel insurance plans cover medical expenses, however, comprehensive travel insurance policies also offer coverage for flight delays, lost passports, trip cancellations, personal liability, etc.
* Price shown is for a 15 day trip to UK with a 1 lakh dollar coverage for an adult of age 25 years
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* Price shown is for a 7 day trip to USA with one lakh dollar sum insured for an adult of 25 years of age
Table of Content
A travel insurance policy is a type of insurance that offers financial compensation to the policyholder in case anything goes wrong on the trip. A travel insurance plan covers vacations, business trips, and even educational trips. Benefits include compensation for the theft of your money or passport, medical evaluation, delay in checked-in baggage, missed connections, etc.
In case of urgent emergencies, the policy also helps with medical evacuation and repatriation, financial emergency assistance, and so on. There is also a travel insurance policy with COVID-19 coverage that requires minimal paperwork.
Right from your first flight to the stay and the return journey, you can ensure a safe and hassle-free trip with travel insurance plans.
Categories | Specification |
Travel Insurance Cost | Starting at Rs. 50/day* |
Entry Age | 3 months to 70 years or as specified |
Countries Covered | 200+ countries and islands by different international insurance companies in India |
Duration of Insurance |
|
Medical Benefits |
|
Special Add-ons |
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Covers Family | If purchased a Family Floater |
Claim Procedure | Can claim both online and offline |
24x7 Worldwide Assistance | Emergency Helpline, Mobile Applications, EAM, etc. provided by insurers |
COVID-19 Cover | Provided by most travel insurance companies in India |
Time Required To Buy | Instant if bought online |
Claim Settlement Period | Varies with insurer |
*Final quote varies with country, duration of the trip, and other factors
In this digital era, buying a travel insurance policy online comes with several benefits. Take a look at some of the reasons why you should buy travel insurance online:
Cashless treatment facility
If your trip is covered with travel insurance, being admitted to a network hospital can help you avail of cashless medical services across the globe.
Fulfills mandatory requirement
Several countries around the world have made it mandatory to possess valid travel insurance to apply for a visa for that country. So if you want to visit any such country, you can quickly lookup plans online and obtain a visa after buying one of the best travel insurance plans available in India.
Easier to compare plans online
When buying travel insurance online, you can easily compare different plans offered by different insurers in one place in your budget.
No need for insurance agents
You no longer need to rely on an insurance agent to buy travel insurance. You can find the best travel plan within your budget on your own after you compare travel insurance online.
Minimal Documentation
While purchasing a travel policy online, you do not need to fill several forms and submit multiple documents. All you need to do is fill up your details on the online form to buy the policy.
Contactless Buying
In this era of the COVID-19 pandemic where social distancing is the norm, you can buy a travel insurance policy online without coming in contact with any person.
Instant Policy Purchase
The process of buying travel insurance online is faster as the policy is issued almost instantly. You also don't need to visit the insurer's office to buy your policy. With so many alternatives available in the market, you can compare key features of different policies and buy them within a few minutes!
When you go on a holiday, make sure you have the best travel insurance plan which provides the following features:
Many insurers have been providing this benefit because of the havoc COVID-19 brought upon everyone's travels. With so many safety restrictions and guidelines affecting our travel insurance plans, most insurers will help you with any of the following emergencies:
With airlines misplacing baggage so often, it's only right that there is a safeguard you can turn to. Your travel insurance policy helps you in the following ways:
What is worse than falling sick while traveling? Especially during a holiday when you have got a budget to stick to. Here is how travel insurance will assist you in case of medical expenses:
The travel insurance policy will assist you with any emergencies that you may face while traveling. Some of these are briefly discussed below:
Nowadays, you can easily personalize your travel insurance plans by selecting from a range of ‘extra benefits’ that are called option or add-on covers. These are to be purchased at some extra premium but go a long way to protect you from specific risks that are otherwise not offered by the usual plans:
This is a comparatively new feature that is now being offered by several travel insurance companies in India. This feature lets you switch to another insurance provider without losing any of the previous benefits that your existing travel insurance policy offered. The process requires certain steps:
However, please note that the premium may vary as per the new insurer's discretion. There are a variety of travel insurance plans available with different benefits and features. Don’t forget to compare the best travel insurance plans online before buying one.
Different types of travel plans have been designed to cater to the needs of people of all ages be they a child, adults, students, or senior citizens. Let us take you through the different types of travel insurance plans available in India:
Baggage Insurance comes into the picture when you lose your baggage during your journey due to theft or any other mishap. The losses incurred due to such mishaps might put you in some really big trouble and ruin your trip. To get compensated for the damage or loss to your luggage while traveling, you can always rely on baggage insurance.
It is a custom-made travel insurance plan that covers an insured traveler from any unforeseen flight-related emergencies faced while traveling. It protects him from any adversity caused during the flight or due to the fault of the airline or their staff. It provides comprehensive coverage of both health insurance and baggage insurance, which includes flight delay, medical cover, accidental death & dismemberment cover, delay or loss of check-in baggage, flight cancellation, flight hijack, and missed connection flight.
Take a look at some of the best travel insurance plans in India:
Travel Insurance Companies |
Eligibility Criteria |
Key Features |
Aditya Birla Travel Insurance |
NA |
|
Bajaj Allianz Travel Insurance |
06 months to 70 years |
|
Bharti AXA Travel Insurance |
03 months to 85 years |
|
Care Travel Insurance |
01 days and above |
|
Chola MS Travel Insurance |
03 months to 80 years |
|
Digit Travel Insurance |
03 months to 99 years |
|
Future Generali Travel Insurance |
06 months to 80 years |
|
IFFCO Tokio Travel Insurance |
NA |
|
National Travel Insurance |
NA |
|
New India Travel Insurance |
06 months to 70 years |
|
Oriental Travel Insurance |
06 months to 70 years |
|
Reliance Travel Insurance |
06 months to 70 years |
|
Royal Sundaram Travel Insurance |
91 days and above |
|
SBI Travel Insurance |
06 months to 70 years |
|
Shriram Travel Insurance |
90 days to 65 years |
|
Star Travel Insurance |
06 months to 70 years |
|
Tata AIG Travel Insurance |
06 months to 70 years |
|
United India Travel Insurance |
5 years to 80 years |
|
Universal Sompo Travel Insurance |
01 day to 70 years |
|
Before you buy travel insurance plan, make sure you give it a lot of thought and weigh your options:
If you are a frequent traveler, you are better off with a multi-trip travel insurance plan that will be cheaper and save you the hassle of buying it again. Otherwise, you should go for a single-trip plan which covers you for the entire duration of your journey.
Whether it is an international trip or a domestic trip, whether going to the US or a Schengen territory; these things will narrow down your requirements which will also cost you differently. Also, many countries need an international travel insurance plan to issue a visa so your sum insured and other requirements will vary significantly along with the premium.
Your travel insurance policy will be calculated and issued according to the length of your stay. In most cases, people opt for a travel insurance policy with a duration slightly exceeding their total trip duration so that any sudden changes can be accommodated without costing you an extra premium.
You can buy an individual travel insurance policy if you're traveling alone, or make it into a family floater travel insurance if your loved ones are going too. The insurer should be informed about the total number of travelers accordingly.
When buying a travel insurance policy, read about the insurer, their claim-settlement ratio as well as any claim limits they have set with various benefits. Each policy has a certain limit up to which they will pay for your claims.
Hence, don’t forget to compare different plans to buy the best travel insurance plan online at Policybazaar.com for your next trip!
In the case of adversity during your trip, your travel insurance company will help you out. Thus, you must opt for a travel insurance policy that provides you with maximum coverage against the risks that you may encounter while traveling.
If you are wondering about how to buy best travel insurance then it is better if you buy the insurance policy online as it is a faster, more convenient, and hassle-free process. You can do this on Policybazaar.com where you can compare several plans and filter them according to your requirements.
With so many travel insurance plans available in India, it is easy to get confused about the one you want to opt for. In such cases, comparison becomes the best way to assess multiple plans and see which travel insurance policy is offering the best benefits.
It is important to remember that travel insurance plans vary with your requirements and what may work for someone may not be enough for you. In some cases, opting for a specific plan may be useless and even exceed your budget.
This is where comparison becomes crucial - your trip insurance plan should cover what you need and not exceed your budget. For example, your plan will depend on many factors:
Many travel insurance companies in India allow you to filter out the coverage benefits for things you don't need, which will cost you less than regular rates. All these factors make it difficult to understand a plan’s benefits and may rush you into purchasing a plan not suited to your needs.
Buying travel insurance online after comparing is extremely useful for travellers. Here are some of its key advantages:
Therefore, you can see how the cost of your premium can be significantly reduced just by comparing different plans first.
To make an informed choice, you need to consider the following things while you buy travel insurance online
Purpose of the Journey
the maximum coverage. For instance, if you are traveling for studies, you should buy student travel insurance online
Sum Insured Amount
a sum insured amount that will adequately cover your travel needs.
Claim Settlement Ratio of the Insurer
with a higher claim settlement ratio has settled more claims and thus, should be preferred when buying travel insurance online.
The Credibility of the Insurance Provider
that enjoys goodwill in the market can be considered reliable and will mostly settle the claims on time.
It is important to keep in mind the exclusions of your travel insurance plan. Most travel insurance companies in India don’t cover claims arising out of the following reasons:
Any Indian citizen can buy trip insurance, irrespective of the type of travel policy being purchased. Additional eligibility requirements for different types of trip insurance plans are given below:
Plan | Eligibility |
International Travel Insurance |
|
Schengen Travel Insurance |
|
Family Travel Insurance |
|
Senior Citizen Travel Insurance |
|
Student Travel Insurance |
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Corporate Travel Insurance |
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Multi-Trip Travel Insurance |
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Single-Trip Travel Insurance |
|
*Please note that the age bracket varies with insurers. You should check the eligibility with the insurance provider before reviewing or purchasing any travel insurance policy.
Every traveler should opt for a policy that provides maximum coverage for the least possible premium. To find out the premium payable for a particular travel insurance plan by a provider, you would have to use a travel insurance premium calculator. A premium calculator is an online tool that gives you an estimate of the premium cost for a particular insurance plan. These are a few parameters that affect travel insurance premiums:
Make sure to use this calculator before you buy the best travel insurance online.
Travel insurance can come in extremely handy if you encounter an emergency during your trip. You can use the tips given below to lower your travel insurance premium:
Buying the best travel insurance is not your only responsibility as a traveler. You should also be aware of the procedure to file a timely insurance claim. Follow the steps given below to register a travel insurance claim if required:
Travel insurance plans in India can be renewed either online or offline, depending on your preference. Let’s have a glance at both here!
If you are one of those people who don’t want to go ahead with the online method or are not gadget-friendly, offline renewal can be the best bet for you:
1. Approach the Insurance Company: Once the renewal date approaches, get in touch with your insurer. They will guide you through the travel insurance renewal process.
2. Review the Existing Cover: This is the best time to review your coverage. If you want to add something, you can do it now.
3. Fill the Application: Once you have decided the additions you want to make, if any, fill out an application form and submit it along with the physical copies of the documents required. Documents list may vary from provider to provider.
4. Review and Pay: After carefully reviewing terms and conditions, pay the premium required. Remember to address the cheque in the name of the insurer, not the broker or agent.
The insurer will deliver the policy document to your mailing address within a stipulated period.
For those who want to renew their policy online, most travel insurance plans in India require the following steps:
1. Open the Desired Website: You can visit Policybazaar.com or the insurer’s website to do this. Go through the available insurance policies once and add the additional covers if any.
2. Pay the Premium: After finalizing pay through options such as net banking, credit or debit card, etc.
3. Get the Policy Soft Copy: On successful payment of your premium, the insurance provider will send the soft copy of the policy to your registered email id. You can download it from there and keep it for future use.
In case you are planning to switch the insurer or the policy, you are advised to shop around, compare travel insurance policies by different insurers before buying.
Here are some terms simplified for you to better understand travel insurance wordings:
In case of any unfortunate event (for which you are covered), your insurer will give you a certain amount. It is also the maximum amount that you will be paid. You are entitled to this amount which is the maximum coverage under your travel insurance plan.
If you’re in an emergency and have no time to wait for your insurer, then you can pay the expenses out of your pocket first and later get reimbursed by your insurer. You will be compensated for all your costs as per the limits of your travel insurance policy.
If you’re not a frequent traveller, you’re more likely to have a single-trip travel plan. This type of plan provides coverage for only one trip up to the decided date.
These are made for people who travel frequently. Multi-trip travel insurance plans cover all the trips under the predetermined period (usually 1 year) and don’t need to be purchased every time.
As the name says, family floaters travel insurance are plans designed for families. They offer many benefits that extend to every member of the family as per the policy terms. This can be usually bought for the insured’s spouse, dependent children, and often older parents.
These are additional limitations under any coverage offered by your travel insurance policy. Sub-limits apply to some insurable losses and exceeding them will require you to pay the difference. For example, hospital room rent, ambulance charges, etc. have a fixed limit, exceeding which you will need to pay the additional amount.
In some cases, you are required to pay some of the initial expenses in case of an insured event. This is to be paid out of your pocket and will not be reimbursed. This amount is known as the deductible for that cover. The remaining expenses will be borne or reimbursed by your travel insurer.
In many scenarios, while travelling, your insurer will directly pay for you in case you incur a loss or damage. This is referred to as cashless settlement through which many travel insurance companies in India settle claims abroad. This is most common during medical emergencies.
Can be any organisation such as a commercial airline, dealing in the travel of individuals and cargo between different cities or countries.
A pre-determined condition based on which the insurer agrees to offer coverage to the insured.
An unexpected breakdown or malfunction of the common carrier’s equipment resulting in interruption or delay of the scheduled trip of the insured.
An extended time period, right after the due date of the insurance premium. The insured person can still pay this due premium in this window to continue enjoying the protection of the travel insurance plan without any interruption.
When the insured person needs to be admitted into a hospital or a medical facility or for the mentioned minimum duration to receive their medical care. The duration must exceed 24 hours.
Refers to the legal relatives of the policyholder. Includes the insured’s legal relations, including their parents, spouse’s parents, spouse, legal children, siblings, siblings-in-law, legal guardian, etc. who are residing in India.
Refers to the duration of the valid policy term, for which it has been purchased. Most insurers calculate it as the time between the insured boards the common carrier for their scheduled journey and the moment they return their home, or on the day their plan expires, depending on whichever is sooner.
The policyholder, the individual who has purchased the travel insurance plan. Must be a permanent resident or citizen of India.
Includes different travel arrangements that have been paid for in advance, made for the insured’s scheduled trip. These are planned by a travel agent or other tour operating organisation for which the insurance plan has been bought.
Includes the expenses incurred by the insured person due to a sudden illness or injury. These must be required medical treatment based on the advice of a qualified doctor or medical practitioner.
Includes all tests, treatments, or hospitalisation necessary for the insured’s medical condition. The process involves medical care and management of the insured’s injury/illness based on the advice of a medical practitioner.
A necessary step on the part of the insured in case they need to raise a claim. The individual can inform their insurer about the claim to be raised.
Refers to any injury, disease, or other related condition the insured has been diagnosed with or have had experienced symptoms of. If the insured has received medical treatment for the said condition, they should inform the insurance company.
In case of hospitalisation, the daily cost an individual must pay to occupy their hospital bed. This room rent is fixed by the hospital or medical facility charges.
A situation when an injury or sickness becomes a threat to the insured. It must be declared by a qualified physician stating that it is harmful for the insured’s life.
When the insurer takes legal measures against a third person or party on behalf of the insured. Usually in cases where the third party has caused loss or injury to the insured person.
Usually two other people who have booked travel tickets along with the policyholder for the journey.