Travel Insurance

By | June 27, 2013
Travel InsuranceWhat is Travel Insurance?
Travel Insurance is the product which gives insurance protection while on international or domestic tour as described in the policy document. It covers various risks associated with travel like accidents, medical expenses, thefts like baggage or passport, loss due to flight delay etc.

Why Travel Insurance?
Travel Insurance is mandatory to get visa to some countries. Even if it is not mandatory, it is sensible to take cover since medical and other expenses are much higher when compared to India.

Overview
Most companies offer the product for short-term trips like tour, business visits. Persons on work permit with longer stay should talk cover from the country of work.Details of age and period of travel are required to issue a travel policy.Policy can be extended as per policy conditions.Medical check up may also needed.It can be got from most of the General Insurance Companies in India.

It is wise to compare plans from various companies for prices and options before committing. comparison can be done hassle free using online comparison sites like Insurance Pandit or Policy Bazar. Policies can even be taken online by a click of the mouse.

Based on travel location, it is divided in to two types.

1. Overseas Travelers Insurance.
2. Domestic Travelers Insurance.

As name suggests, they cover overseas and domestic travel risks respectively.

Based on person who travels, it divided  in to

1. For Individual

2. For Family

3. For Senior Citizens

4. For Students

Based on number of trips, its divided into

1. Single Trip Policy
2. Multi Trip Policy

Risks covered by Travel Insurance

Travel Insurance covers various risks as mentioned below. But one has to check the policy document whether the needed cover is provided by the particular policy.

1. Medical Expenses including emergency dental treatment.

2. Covers loss and delay of checked baggage.

3. Inconvenience caused due to hijack.

4. Personal Accident.

5.Personal Liability.

6. Loss of Passport, Visa and other travel documents.

7. Trip Delay.

8. Emergency Cash Advance.

9. Home Insurance for Home at India.

10. Repatriation of remains in case of death.

Be Insured. Stay Secured.

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