Travel insurance is one of the most important aspects through which you can ensure a safe and secure journey. Travelling gives us many reasons to be excited about. Yet, there are some risks involved that should never be ignored. Opting for online travel insurance should be a priority as it helps you manage some major travel-related risks with ease. A travel insurance policy keeps you financially strong during times of medical and non-medical emergencies that could occur suddenly when you are traveling.
Table of Content
Travel insurance is coverage designed to provide financial protection for the expenses incurred due to uncertain events while travelling overseas. A travel insurance policy covers the expense of trip cancellations, medical emergencies, baggage loss or travel delay.
Traveling gives us new opportunities to explore new cultures, people and places and discover the beautiful things the world has to offer. Many students dream of pursuing education overseas at their preferred university. Therefore, an important activity in our lives, traveling is inevitable and so are the uncertainties it brings along. For instance, a sudden illness leading to hospitalization may result in unwanted expenditure that can hamper your travel budget. Moreover, treatment in a foreign country can be costly. Besides trip delays owing to bad weather or lost luggage are typical cases of when you can face risks of unexpected expenditures. This is when your travel insurance policy protects you by covering these expenditures.
There are 9 main types of travel insurance plans they are:
It offers coverage for the expenses incurred by you during unforeseen events when you travel domestically. A domestic travel insurance plan provides complete coverage for various medical expenses as well as for non-medical exigencies like loss of personal possessions.
This type of travel insurance provides comprehensive coverage for your unforeseen expenses during an international trip. This will entail cover for hospitalization, in-patient and out-patient care, loss of passport, medical evacuation, etc.
It provides complete insurance coverage for your entire family during an overseas trip. Under a single plan, you can get cover for all the medical and non-medical expenses of any insured family member.
This type of travel insurance policy is specifically designed to offer coverage for travel-related risks for travelers who come under the senior citizen's age category, that is, those who are aged above 60 years without a pre-medical checkup. Such plans provide cover even for pre-existing ailments and ICU care
Student travel insurance plans are designed for ambitious students who are planning to pursue education overseas. It provides a financial cushion to students by taking care of their unexpected expenditures due to any medical or non-medical exigency.
It is a travel insurance coverage for employees of an organization who undertake business trips to different locations within or outside the country. Corporate travel insurance policies are the safest way to ensure you stay financially protected during any medical or non-medical exigency while on a tour for business purposes.
This type of travel insurance plan offers huge benefits for people who are traveling in a group to the same destination. Group travel plans offer comprehensive yet affordable coverage when any member of the group faces a medical or non-medical exigency.
When traveling to some international destinations like the Schengen countries, travel and health insurance are equally important. Tourists are required to have a medical travel insurance policy so that they are financially protected when a need arises for medical treatment due to unforeseen circumstances.
Multi-trip travel insurance policy generally has a policy period of 12 months during which the insured person can undertake multiple trips and get coverage for emergency medical and non-medical expenses.
A single trip travel plan offers insurance cover for only a single trip to an international destination or any location within India. However, travelers can cover multiple destinations together during their single trip. This type of travel insurance policy remains valid until the insured person returns home.
Baggage insurance provides coverage for a person who has lost his or her baggage and other belongings during a trip. It also offers cover for delayed baggage and damage caused to the items.
Flight insurance is a specific travel coverage that financially protects a traveler during exigencies such as flight cancellations or delays, flight accidents, trip interruption, and even medical emergencies when traveling through flight internationally or domestically.
Single-Trip Travel Policy
Multi-Trip Travel Policy
A single trip travel insurance policy is the best plan recommended for occasional travelers
Multi-trip policies are designed for frequent travelers
Valid for a set number of days
Valid for 1 year period with a cap on the travel duration
It provides coverage for a single journey to an international destination from India
It provides coverage for medical and non-medical exigencies for multiple trips
A travel insurance policy customized according to the geographical location, international travel insurance provides you the best financial support when you are traveling to any of the beautiful countries in the world. It offers various medical benefits including hospitalization cover which includes the bill of in-patient and out-patient departments, medical evacuation as well as treatment in one’s home country.
Applicable worldwide, this travel insurance policy also brings you a host of non-medical benefits so that you can enjoy your trip without any financial hassles. You can get country-specific international travel insurance plans to suit your requirements. It is an affordable plan where you are required to pay per-day rates rather than for slabs, thus saving cost.
To give a boost to their career, many students choose to pursue education overseas. As a student embarks on an international trip, the risk of uncertainties he or she may encounter increases. A student travel insurance plan offers financial cushion during these situations which can also lead to unforeseen medical expenses.
Customized travel insurance for students keeps them worry-free and allows them to focus on studies and be back with good memories. Moreover, student travel insurance is regarded as the most cost-effective insurance in India owing to the cashless settlements feature.
A student travel plan is a comprehensive package entailing various travel-related benefits. It comes with the following benefits that make the life of students studying abroad highly convenient
Group travel plans offer coverage for both international and domestic journeys. There are single-trip policies offering coverage for a single journey either abroad or domestic. For frequent travelers, annual multi-trip policies are affordable compared to single-trip policies as there is no need for getting separate travel cover for each trip.
Before buying an online travel insurance policy, it is essential to know about the certain clauses in travel policies in order to understand whether you are eligible to buy a policy or not.
Based on the nature of the trip, you must pick a travel plan that meets your travel requirements in the best possible way. Consideration of certain factors, as specified below, will help you make the right decision when buying online travel policies.
During the untoward event, the first thing you want is a hassle-free claim settlement. Filing a claim under travel insurance is no longer a cumbersome task for us. Our claim process is simple and easy.
Follow the below steps for timely reimbursements or claims:
Now, you can easily calculate the online travel insurance premium with the help of the premium calculator available on our website. It gives you an estimate about the cost of travel insurance. With the below steps, get the estimate of the travel insurance premium and plan your travel budget accordingly.
We provide travel insurance at very affordable premiums that do not overburden your travel budget. However, the actual amount of premium is subjected to the number of travelers, age, traveling country, trip duration, and the type of coverage selected.
Insurance portability is a right accorded with a policyholder to switch from one insurance provider to another without losing the accumulated benefits. We accept travel insurance portability without a hitch. You need to get online registration and start with your new policy benefits.
Here are few points to remember for poting your travel Insurance policy:
Before 45 days of policy renewal you have to take the following steps:
You can opt for a travel insurance plan while sitting at home or office. Here, you can read how you can choose the best online travel insurance plan for a stress-free journey:
Maximum Coverage: The first thing that you should check-in online travel insurance is coverage. Comprehensive travel insurance includes all types of medical and non-medical expenses that you may incur during an emergency when you are away from your home country. So, you should pick the travel insurance that covers all your travel risks and gives you maximum coverage.
Medical Coverage: Exclusive travel insurance includes expenses such as emergency hospitalization, surgery, anesthetic tooth treatment, medical evacuation, and accidental death. Hospital daily cash allowance, air ambulance, medical repatriation, and permanent disablement are the other medical benefits of travel insurance. So, pick the plan that gives you maximum coverage.
Non-Medical Coverage: Before choosing a travel insurance policy, make sure that it gives you non-medical coverage as well. Compensation in case of loss or delay in your checked-in baggage, flight cancelation or delay, personal liability, and extended hotel accommodation, are its non-medical benefits.
Quick Assistance: You should read the online reviews about the insurance providers to know how good they are in providing quick assistance to their customers. See the ratings and then make your buying decisions. A good travel insurance company always gives you quick assistance in case of emergency.
Premium Amount: Use online premium calculators that are available on the websites of the insurance companies to calculate the amount of premium. You need to put the details and compare the premium to choose the one that best suits your travel budget.
Claim Settlement Ratio: It is the ratio that shows the capability of the insurer to settle the claims. Companies with higher ratios are always good to go. You can ask the insurance advisors about the claim settlement process and time frame. Read the detailed online brochure for more clarity.
Exclusions List: Adventure sports injury, non-disclosure of pre-existing disease, consumption of alcohol, cosmetic, obesity treatment, and others come under exclusion. It means you are not entitled to file a claim for exclusions. So, you should pick the travel insurance that has minimal exclusions.
They have distinct benefits, coverage, exclusions, and claim policies. Read below the main differences between them to avoid confusion.
Despite being two different products, people equate travel insurance with health insurance. They have some commonalities but not an alternative to each other. It could be a mistake to assume that your health insurance is enough while you are traveling abroad. It’s advisable to understand the difference between two and opt for both to cover your travel risks and protect your future.
When it comes to traveling smart, we undertake a lot of precautions and thorough planning before beginning a journey. Buying travel insurance policy is and must be an essential part of this planning process. Uncertainties and illnesses are inevitable in any situation and more so when you are traveling. The risks increase further when you are in an unfamiliar place in an overseas destination. There is no guaranteed way to avoid these situations but they can be best managed with the support of a travel insurance policy.
Healthcare costs are exorbitant in many developed countries of the world and in case you are required to seek emergency medical care; you may end up getting hefty medical bills. Getting a travel policy for you and your family is an affordable way to meet the medical and non-medical expenses you may incur abroad. Without a travel policy, meeting emergency expenses can be a herculean task and will spoil your entire travel experience. So, investing in a good travel insurance policy is worthwhile, always.
There are some countries that require mandatory travel insurance for visitors. For instance, in the Schengen region, some types of medical insurance are definitely a prerequisite before getting a visa. The Schengen region is a collective collaboration of 26 European countries that act as one single country to facilitate international travel plans.
Here is a complete list of countries where travel insurance is mandatory for foreign visitors.
Even for countries that do not specify the need for travel insurance, it is always advisable to have one as any medical expenses outside India is definitely 10 times costlier. So, to be on the safer side it is always advised to get travel insurance before flying.
Here, we have also listed the travel destination guides for most visited countries.
|Travel Insurance Dubai||Travel Insurance USA||Travel Insurance Canada|
|Travel Insurance Turkey||Travel Insurance Nepal||Travel Insurance Europe|
|Travel Insurance South Africa||Travel Insurance New Zealand||Travel Insurance Australia|
|Travel Insurance Japan||Travel Insurance Srilanka||Travel Insurance Bali|
|Travel Insurance for France||Travel Insurance Switzerland||Travel Insurance Maldives|
|Travel Insurance Singapore||Travel Insurance UK||Travel Insurance Asia|
|Schengen Travel Insurance||Travel Insurance Russia||Travel Insurance Germany|
|Travel Insurance Malaysia||Travel Insurance Bhutan||Travel Insurance Japan|
|Travel Insurance UAE||Travel Insurance China||Travel Insurance Italy|
|Travel Insurance Israel||Travel Insurance Spain||Travel Insurance Vietnam|
Choosing the right travel insurance plan one is also a crucial decision. More than trip cancellation benefits, Religare travel insurance focuses on medical benefits like evacuations. Be it occasional travelers or regular flyers, everyone needs travel insurance based on their needs. So, to tackle the risks of traveling abroad like loss of passport, loss of checked baggage and delays, getting Religare travel insurance is a wise choice.
Disclaimer: For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
UIN: IRDA/NL-HLT/RHI/P-T/V.II/23/14-15. UAN2: 19032844.