Your easy guide to travel insurance in India
Traveling abroad is now easier than ever with the decreasing airfare and the opportunity to gather information from internet. However, no matter how easy it has become, a foreign trip always entails certain risks. You might come across an accident or you might fall sick during your visit to overseas countries and in that situation medical expenses can burn a huge hole in your pocket. To stay financially protected in that situation, you need a comprehensive travel insurance policy. Before we go into the details of a travel insurance policy, let’s understand what actually is a travel insurance and why travel insurance in India is gaining significance.
What is travel insurance?
A travel insurance policy safeguards travelers financially either in the territories of India or in an international countries by taking care of expenses for hospitalization for treating accidental injuries or diseases. A travel insurance policy also covers financial loss of insured travelers due to loss of important documents, baggage and also due to trip interruption and cancellation. Overseas travel insurance plans are designed to cover travelers who embark on international trips and domestic travel insurance plans are meant for those who travel within India.
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What does a travel insurance cover?
- All international or domestic travel insurance plans cover medical expenses of policyholders.
- Travel insurance online plans take care of policyholders’ legal expenses in case of loss of important documents such as passport
- Expenses due to missed departure or delay in departure are taken care of by travel insurance policies
- Financial loss of travelers due to delay and loss of baggage are also covered by travel insurance online plans.
- Costs incurred due to interrupted or canceled tours are covered by travel insurance in India
There are many travel insurance companies in India. These travel insurance companies have come up with an array of travel insurance online plans. Some travel insurance companies have even come up with domestic travel insurance plans along with the regular travel insurance policy.
Who can avail travel insurance in India?
Any citizen of India between 6 months to 70 years can avail regular travel insurance online plans. Elderly people between 71 and 85 years of age can avail senior citizen travel insurance plans. Indian students who aspire to attain higher studies abroad can buy student travel insurance online. Leisure travelers can avail single-trip travel insurance plans and businessmen can avail multi-trip travel insurance policy. If you are a single person you can avail individual travel insurance and if you go for a trip with your family members you cab avail family travel insurance online plans.
How much do you have to pay for your travel insurance policy?
The premium of travel insurance in India depends on many factors. Destination is one of them; for an example, if you buy a domestic travel insurance you naturally have to pay less than what you have to pay for an overseas travel insurance online plan. Among International destinations, US and Canada trigger maximum premium as the hospitalization expenses are the highest in these two countries.
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