Traveling to the place of your choice is everyone’s dream, whether you are planning to travel for summer vacation, or are planning for a vacation. So in such a situation it is very important to have your travel insurance because travel insurance can help not only you but also your family. Friends, through this article, we are going to provide you information about what is travel insurance, what are the types of travel insurance, how to take travel insurance, apart from this necessary documents, eligibility criteria, insurance policy, benefits of travel insurance (Types of Travel Insurance) If you will also provide information about this, then you keep reading this article till the end.
What is Travel Insurance?
Travel insurance is an insurance policy under which you can get insurance cover for all the risks of travel like accident, death, partial disability, total disability and loss due to accident. It covers all medical expenses and non-medical expenses, whether in the country or abroad. At present, some schemes run by the government start from just ₹ 12 where you can get Personal Accidental Insurance cover up to ₹ 200000.
What are the Types of Travel insurance?
Generally, there are two types of travel insurance, but due to some features, they can be of different types which are as follows.
1. Domestic Travel Insurance Plan
2. International Travel Insurance
1. Domestic Travel Insurance Plan
Domestic travel insurance policy is designed for customers who travel only within the borders of the country. A domestic travel insurance policy protects the policyholder from expenses that may result from the treatment of a medical emergency, theft of baggage, loss and other valuables, flight delays, cancellations, permanent disability and personal liability. Apart from this, you can also claim insurance from the insurance company for the damage done by the third party vehicle.
2. International Travel Insurance
International Travel Insurance Policy is designed for those customers who usually travel abroad, under this policy you will be covered, in addition to your own, risks of flight, repatriation to India etc. protects from. Apart from this, you also get many types of advanced facilities here.
Types of Travel insurance
Let us know about some other types of travel insurance.
Family Travel Insurance
Family travel insurance policy is specially designed to protect the members of the household. If you keep traveling with your family members in the country and abroad, then it is very important for you to take family travel insurance. Under this insurance policy, the insurance company provides insurance cover for any risks and losses caused to the members of your family such as accident, disability, partial disability, death.
Student Travel Insurance
Student Travel Insurance is specially designed for those students who want to go abroad for studies then student travel policy can prove to be most useful for them. International travel under this policy provides you with all the basic coverage of an international travel policy. Apart from this, it also includes sponsor protection, study interruption, two-way sympathetic travel and bail bond.
Non Medical Travel Insurance
Non medical travel insurance policy is specially designed for the traveling people. This policy proves to be very useful to protect against problems like trip cancellation, trip interruption, trip cancellation, luggage lost, passport lost, visa rejection.
Medical Travel Insurance
Medical travel insurance policy specifically covers expenses arising out of medical emergencies, health concerns of the patient. This policy can cover medical expenses for treatment abroad, depending on which policy the policyholder has opted for.
GROUP TRAVEL INSURANCE
Group Travel Insurance is designed for a group of employees traveling abroad. There is also no need for each individual to buy their own travel insurance policy under this policy. And here you also get a very good discount on premium, you can take advantage of this policy to avoid interruption in travel.
SENIOR CITIZEN TRAVEL INSURANCE
Apart from the usual benefits of buying Senior Citizen Travel Insurance, the policy directed at senior citizens (generally belonging to the age group of 61-70 years) offers additional coverage for dental treatments/procedures as well as cashless hospitalization.
Travel Insurance Required Documents
If you are taking travel insurance, then you must have some important documents with you only then you will be able to claim your insurance.
- Passport
- Travel ticket
- Aadhar card
- Bank account number
- Mobile number
- insurance policy agreement
- Hand filled application form of the insurer
- policy status form,
- policy report
- Visa will be required for international travel.
- List of bureaus of the same during the journey
Note: The insurance company can demand other documents according to the need of the insured, so whenever taking insurance read all the information carefully.
Terms and conditions for taking travel insurance
If you are now considering to buy travel insurance, then first of all you have to follow the terms and conditions for taking travel insurance. Let us know what is the eligibility for you to take a travel loan.
1. First of all, before taking a travel insurance cover, you should check the eligibility. It depends on what type of insurance you are taking.
2. Under the family travel insurance policy, your spouse and two children dependent on you will be covered. The age of adults can be between 18 to 60 years and the age of children can be from 6 months to 21 years.
3. People between 16 years and 35 years will get cover under Student Travel Insurance.
4. At least 10 people will get cover under group travel insurance.
5. Under Senior Citizen Travel Insurance, the age of a person should be more than 60 years.
6. To take advantage of travel insurance, you should renew your plans on time, or choose a new policy properly so that you do not have to face any kind of truth while making an insurance claim.
How To Apply Travel Insurance
If you want to buy travel insurance then you should know about the ways from where you can buy your insurance policy:
- Can buy from official website
- Can be purchased from Caringly Yours Mobile App
- Can buy offline
What does travel insurance cover?
If you are opting for travel insurance then you should know how a travel insurance policy works, it is important for you to know what it covers. Generally, a travel insurance policy gives you coverage in the following situations.
- in times of medical emergency
- on cancellation of trip
- in case of other damage
- personal liability cover
What is not covered in Travel Insurance – Exclusion in Travel Insurance
If you are opting for travel insurance, then you should know what is not covered in a travel insurance policy. Generally, a travel insurance policy does not give you coverage in the following situations.
- pre-existing diseases or conditions
- risk of war
- suicide or insanity
- Adventure Sports
How to get free travel insurance on credit card?
Presently, Axis Bank offers you free travel insurance with Privilege Credit Card, HDFC Bank Regalia Credit Card, IndusInd Bank Platinum Credit Card, IndusInd Bank Platinum Aura Credit Card and Axis Bank Vistara Signature Credit Card etc.
Why is it necessary to take travel insurance?
Nowadays most people like to travel, if you were going to visit some place, it is very important for you to get your travel insurance. Before buying travel insurance, you should know why you should choose travel insurance.
- If a medical emergency comes in front of you during your travel abroad, then you may be worried about its expenses. In such a situation, in the event of the insurance being insured, the insurance company will provide a cover equal to the sum insured on your treatment.
- This facility is not only available on foreign travel but also on domestic trips. Apart from this, sometimes it happens that the place where you are does not have better health facilities, then it will be the responsibility of your insurance company to provide you timely treatment by transporting you to the nearest city or country.
- Some countries, such as Austria, Belgium, Denmark, France, Germany, Italy, Sweden, Switzerland, Australia, Cuba and Dubai in the UAE, place travel insurance conditions before granting visas for their visits. In such a situation, having travel insurance is a mandatory condition for traveling there.
- If anything happens to you during the journey and your cash is lost somewhere, the insured will ensure its availability to you.
- You will get compensation for any untoward incident like flight delay, baggage loss or flight.
- Under Family Travel Insurance, not only you but your entire family will get insurance cover.
Best Travel Insurance In India
Following are the best travel insurance companies in India where you can also apply for your insurance policies online.
- American International Group
- TATA AIG Travel Insurance
- Travelex India Travel Insurance
- Seven Corners Travel Insurance
- Allianz
- AXA’s Corporate
- Generali Global Assistance
- Berkshire Hathaway Travel Protection
- Acko travel insurance
- Travel insurance policybazaar
- Travel insurance icici Lombard
- Reliance travel insurance
- Hdfc travel insurance
- Bajaj allianz travel insurance
Conclusion
In this post, we have learned about what is Travel Insurance, how to take Travel Insurance, and have provided information about Travel Insurance Buy Online, Benefits, Reviews. I hope this article is getting help for you, for similar latest information, you can follow us on social media platform and get the solution of your problem. Friends, thank you very much for reading this article till the end!
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