Travel Insurance Plan
Travel Insurance Plan
- The cost of medical treatment abroad is very expensive. So, it is advisable to take the travel insurance plan which provides coverage against all emergency medical expenses due to an illness or an accident abroad.
- In case any unforeseen incident occurs while you are travelling with travel insurance, the entire emergency would be taken care of by the insurer without the need for you to worry.
- In case you need emergency medical services in areas with poor medical facilities, your insurer will guide you to the nearest city or country and will help you with the medical treatment.
- It not only offers protection to the insurer but also to each and every member of the insurer family while travelling.
- Many countries have made travel insurance mandatory while applying for the visa of that country.
- Provide coverages like Dental Coverage, Flight related complicacies, Replacement of lost or stolen Baggage, Personal Liabilities, Emergency Cash Assistance etc.
Key Features of Travel Insurance
Emergency Hospitalisation and Treatment
Travel insurance covers expenses related to emergency hospitalisation and medical treatment while traveling. This ensures that travelers receive timely medical care without worrying about financial constraints.
Compensation for Flight-related Incidents
Travel insurance provides compensation for various flight-related issues such as flight delays, cancellations, or loss of baggage by the airlines. This coverage helps travelers mitigate the inconvenience and financial losses caused by such incidents.
Coverage for Trip Delay or Cancellation
Travel insurance offers coverage for unforeseen trip delays or cancellations due to various reasons such as illness, natural disasters, or other emergencies. This feature provides reimbursement for prepaid expenses incurred for the trip.
Cashless Hospitalisation
Many travel insurance plans offer cashless hospitalisation facilities, allowing insured individuals to avail medical treatment at empanelled hospitals without making upfront payments. This service is particularly beneficial for international travelers who may require medical assistance abroad.
Multi-Trip Policies
Travel insurance policies often include options for multi-trip coverage, which provides year-long validity for frequent travelers. This allows travelers to enjoy comprehensive coverage for multiple trips within a specified period, offering convenience and cost-effectiveness.
Worldwide Support
Travel insurance typically offers worldwide support, ensuring coverage regardless of the travel destination. This feature provides travelers with peace of mind knowing that they are protected wherever they go.
Special Features
Travel insurance may come with additional features such as zero deductibles, smartphone-enabled claim processes, and customized travel plan covers. These special features enhance the overall travel insurance experience and cater to the specific needs of travelers.
Types of Travel Insurance
On the basis of Geographical Borders
Domestic Travel Insurance Plan
The Domestic Travel Insurance Plan provides protection to the insurer as well as the families travelling within the borders of India.
The coverage includes Medical Emergencies, Loss of Baggage, Personal Accidents etc.
International Travel Insurance Plan
The International Travel Insurance Plan provides protection to the insurer as well as the families travelling overseas.
The coverage includes Medical Emergencies, Dental Expenses, Financial Cash Assistance, Flight Delay, Trip Cancellation, Loss of Baggage or Passport, Personal Liability, Hijack Distress Allowance etc.
On the basis of Type of Travellers
Family Travel Insurance Plan
The Family Travel Insurance Plan is for the insurer as well as the family travelling overseas together. The basic sum assured is available on the basis of both the individual and the family floater plan.The coverage includes Medical Emergencies, Flight Delay, Trip Cancellation, Loss of Baggage or Passport, Personal Liability etc.
The eligibility criteria is Adults between the age of 18 years to 60 years and Children between the age of 6 months to 21 years.
Senior Citizen Travel Insurance Plan
The Senior Citizen Travel Insurance Plan covers travellers above the age of 60 from unpredictable financial emergencies like Medical Emergencies, Dental Expenses, Repatriation of Mortal Remains, Flight Delay, Trip Cancellation, Loss of Baggage or Passport, Personal Liability etc.
The eligibility criteria is Adults above the age of 60 years.
Student Travel Insurance Plan
The Student Travel Insurance Plan is for Indians travelling abroad for studies with a validity of upto 2 years. It provides students with covers including Study Interruption, Sponsor Protection, Medical Evacuation, Bail Bond, and two way compassionate visit for the insurer and the family members amongst others including the basic coverage of overseas travel insurance plan.
The eligibility criteria is students between the age of 16 years to 35 years.
Corporate Travel Insurance Plan
The Corporate Travel Insurance Plan provides coverage to the corporates travelling abroad for business purposes with a validity of upto 1 year. It includes covers like Missed Connected Flight, Flight Delay, Loss of Baggage, Medical Expenses etc.
Group Travel Insurance Plan
The Group Travel Insurance Plan is for people usually travelling together in groups for official tours, industrial training or pilgrimage tours. It provides coverage like Personal Accidents, Baggage Cover etc. A Minimum of 10 members are covered under this plan.
Medical Travel Insurance Plan
The Medical Travel Insurance Plan provides medical coverage to the insurers in case of any medical emergency while travelling abroad. It covers Hospitalization Expenses, Daycare Expenses, Dental Expenses, Medical Evacuation Expenses, Cost of Repatriation of Mortal remains etc.
On the basis of Insurance Policy Validity
Multi- Trip Travel Insurance
Multi- Trip Travel Insurance is generally for the travellers who travel overseas frequently in a year for business purposes. It saves a huge amount of the money of the traveller and the coverage is similar to the Overseas Travel Insurance Plan.
Single Trip Travel Insurance
Single Trip Travel Insurance is for the traveller travelling for only one single journey. The insurance begins with the start of the journey date and ends with the traveller reaching back to his home. It comes with multiple coverages like Medical Expenses, Loss of Baggage, Personal Liability, Delay in Flights etc.
Baggage Travel Insurance
Baggage Travel Insurance provides compensation in case if you lost your baggage during your journey due to theft or any other mishap.
Flight Travel Insurance
Flight Travel Insurance protects the insurer against any emergency caused during the flight or due to fault of the airline or staff. It provides the compensation coverage of both the Baggage and the health insurance which includes Flight Delay, Medical Cover, Accidental Death, Delay or loss of Check-in Baggage, Flight Cancellation or Flight Hijack etc.
What is Covered in Travel Insurance?
Medical Evaluation & Expenses
Personal Accidents
Theft or loss of the Personal Belongings
Trip Cancellation or Delay
Loss of Baggage
Loss of Passport
Repatriation of Mortal remains
Hijacking
Medical Emergencies
Delayed Flights
Accidental Deaths/Illness/Injury
What is Not Covered in Travel Insurance?
- Any claim arising for the treatment of an insurer in case of medical emergencies caused due to consumption of alcohol or drugs.
- No claim is provided in case of war like situation or any kind of terrorist attack in the country visited by the insurer.
- Treatment expenses for diseases like HIV Aids or preexisting diseases.
- Cosmetic treatment, adventure sports, suicide or self inflicted injury are not covered under this plan.
- In case you lost your original passport abroad leaving it unattended, the insurance provider will not cover the expenses required to obtain a new or duplicate passport.
- In case your luggages is shipped separately and is not accompanied by you then the insurance provider is not payable for the same.
- If you travel against the medical advice of the doctor then any medical treatment expenses incurred while travelling will not be covered by the insurer.
How You can File a Travel Insurance Claim?
- Inform the insurance provider about the claim through email or call.
- Submit the documents asked by the insurance provider via email, fax or post.
- Submit the documents asked by the insurance provider via email, fax or post.