About Travel Insurance
Simply put, a travel insurance plan offers coverage against all possible travel and medical emergencies while travelling within India or abroad. A travel insurance plan can be procured from any general insurance company in India and can be customised according to the destination and the type of trip to be undertaken.
Types of Travel Insurance Plans:
There are a plethora of options available to Indian travellers from various general insurance companies. These travel plans are offered according to the type of customer, destination travelled to and also the type of trip undertaken. Given below are the different types of travel insurance plans available in India.
1) International Travel Insurance plans.
2) Student Travel Insurance Plan.
3) Corporate Travel Insurance Plans.
4) Domestic Travel Plans.
5) Group Travel Insurance.
6) Family Travel Insurance.
International Travel Insurance plans:General insurance companies across India offer customised international travel insurance plans according to the destination travelled to. Each type of destination has a specific requirement with regards to insurance and companies ensure that every detail is covered in a comprehensive overseas travel plan.
Student Travel Insurance Plan: A comprehensive Student Travel Insurance plan offers financial and medical assistance to students traveling abroad to complete their higher education. Students might face emergencies or other financial hurdles while staying in a new country and a robust travel insurance plan helps them to continue with their education without any worries.
Corporate Travel Insurance Plans: A Corporate travel insurance plan can be procured by corporate employers who intend to provide insurance protection to their employees while they are abroad. Corporate plans can be customised according to the requirements of the organisation. All plans offer adequate medical and travel-related cover for policyholders and are available as multi-trip and single round trip policies.
Domestic Travel Plans: Any individual traveling within India can also get a domestic travel insurance plan with covers for medical expenses, loss or theft of baggage, emergency medical evacuation, cancellation and delay of trips, 24/7 customer support, personal accident cover and emergency cash assistance.
Group Travel Insurance: Group travel plans can be availed if there are atleast 20 or more individuals travelling together to a single destination as a group. Most group insurance plans offer cover for trip cancellations and curtailments, delay and interruption of trips, loss of baggage and documents, etc.
Family Travel Insurance:Family travel plans can be taken for a single family inclusive of the policyholder and his/her spouse and two children. Most family travel insurance plans offer floater benefits to individual family members under one policy. Medical expenses for hospitalisation, personal accident, hospital allowance, trip delays, loss of baggage, documents, home burglary insurance, etc.