Types of Travel Insurance in India
Posted by Sachit Patil on September 24th, 2019
Whether you are a solo traveler enthusiast, business traveler or travelling with family, travelling is exciting, and thrilling. But amidst the thrill, you should not ignore the risks involved while travelling. There can be unforeseen situations or accidents, imagine falling sick or needing urgent medical attention on your vacation. At times like that, Travel insurance provides you security and gives you financial support.
Travel Insurance is an Insurance which provides coverage against all risks i.e. travel or medical emergencies while travelling in India or Abroad and helps you make your travel experience smooth and worriless.
There are plenty of Travel Insurance companies which provide various types of travel insurance in India from which you can choose a plan which suits your need and requirement the best.
These are Types of Travel Insurance:
- Travel Accident Insurance:
If, while travelling, the policyholder dies due to an accident or is injured and needs medical attention, Travel Accident Insurance will cover that. This Insurance acts as a life insurance which provides coverage against death or disability due to accidents occurring on the trip. The Insurance Company provides the insured sum against the policy.
This plan’s coverage is only valid throughout the tenure of the policy.
- Travel Medical or Medical Evacuation Insurance:
If, while travelling, the policyholder falls sick or needs medical attention, the insurance company will provide coverage against the medical bills. Furthermore, if the policyholder needs to be evacuated due to medical emergency and needs to be admitted somewhere else, the insurance company will cover those expenses too.
- Package Travel Insurance:
This is a comprehensive plan which not only covers Travel medical evacuation, but also provides coverage against other problems like getting the luggage stolen or lost, important documents like passport or visa etc. gone missing or stolen, trip or flight cancellation, hotel cancellation charges etc. Some insurance companies also provide travel assistance along with the baggage insurance, in which they assist you in times or urgency like emergency cash transfer or any legal advice. This plan can be customized according to the requirement of the policyholder.
- Annual Travel Insurance Plan:
This insurance is also known as multiple trip insurance. It is somewhat like package insurance but it covers multiple travel trips within the year which saves the policyholder from paying for multiple insurance plans. This plan is beneficial for those who travel very often and take multiple trips during the year.
- Specialty Travel Insurance:
This Insurance provides coverage for certain aspects of the trip which are not covered in other insurance plans. It is taken if the policyholder is concerned about a certain risk during the trip. It covers car rental costs, road assistance while travel by rental cars etc.
Different Insurance Companies have different coverage plans and these plans have their own terms & conditions. As much as they can come to your rescue at the time of urgency or need, they can also turn into a nightmare if you don’t go through the policy thoroughly. So, it is advisable to do the research about the plans, what areas the policy would cover and the amount or costs that you need to bear in case of any issue. Hence, smoothen your Travel and have a carefree trip or vacation with the right Travel Insurance Plan.
