Domestic travel insurance, international travel insurance, medical travel insurance and senior citizen travel insurance are different types of travel insurance policies in India.

A travel insurance policy is ideal should you be contemplating travelling, either within the country or overseas. The purpose of your travel – for business or leisure – notwithstanding, purchasing travel insurance is the first step towards staying guarded against a range of risks and financial losses that could rear their ugly heads over the course of your trip. Based on your specific requirements, you can choose from a trove of travel insurance plans.

Read on to know more:

1. Domestic travel insurance plan

This policy is designed for customers intending to travel within the contours of the country. A domestic travel insurance policy insulates the policyholder from expenses that may result from treatment of a medical emergency, theft/loss of baggage and other valuables, delays/cancellation of flights, permanent disability, and personal liability (refers to third-party damages inflicted by you while you’re on the trip).

2. International travel insurance

This policy is designed in keeping with what customers – travelling internationally – would want. Besides the usual coverage offered by its domestic counterpart, an international travel insurance policy safeguards you (policyholder) against risks of a flight hijack, repatriation to India, etc.

3. Medical travel insurance

The name is the marker here – with the policy specifically designed to cover expenses emanating from medical emergencies and other healthcare-related concerns. However, the exact set of inclusions and exclusions will vary across insurance providers.

4. Group travel insurance

Consider a group of employees travelling abroad to participate in a business conclave. In such a situation, it would not make sense for every individual in the group to purchase his/her own travel insurance policy – for the simple reason that it could compound premiums considerably

A group travel insurance policy is of much help here – considering it can help you save plenty on premiums, without having to compromise on the safety net against any unanticipated and adverse development that might take shape through the course of the trip.

5. Senior citizen travel insurance

Besides the usual advantages of purchasing travel insurance, a policy that is directed at senior citizens (generally belonging to the age group of 61-70 years) offers additional coverage against dental treatments/procedures as well as cashless hospitalization.

6. Single and multi-trip travel insurance

As the name suggests, a single-trip travel insurance policy retains its validity through the time you are on a trip. It covers both medical as well as non-medical expenses (such as baggage loss, delays in flights, etc.).

Multi-trip travel insurance policy, on the other hand, provides extended coverage (lasting usually a year in most cases) so that frequent flyers don’t have to go through the entire process of availing insurance every time they prep for travel.

In conclusion, you should choose a type that best fits your requirements, only after having accounted for what you might need the most over the course of travel.

Click here to know more about travel insurance plans.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



Trending Articles

Article Links

Cashless Health Insurance

Health Insurance Benefits

Health Insurance Coverage

Health Insurance Policy

Maternity Insurance

Latest Articles

travel-insurance
travel-insurance

What Kind Of Emergency Does Travel Insurance Cover?

Read More
Posted on 02 March 2020
travel-insurance
travel-insurance

Can you Save Time and Money with an Annual Travel Plan? Find Out Now

Read More
Posted on 26 February 2020
travel-insurance
travel-insurance

Travelling Abroad with Your Family? Here Is Why You Should Consider Purchasing Family Travel Insurance

Read More
Posted on 26 February 2020

Featured Articles

image abc-of-personal-money
abc-of-personal-money

Are Millennials Any Different When It Comes To Planning Financials?

Read More
Posted on 05 February 2020

Relevant Articles

image health-insurance
health-insurance

Best Mediclaim Policy for Parents in India

Read More
Posted on 27 March 2020
image health-insurance
health-insurance

Comparison of Health Insurance Plans in India

Read More
Posted on 27 March 2020
image motor-insurance
motor-insurance

What are Some Common Myths About Two-Wheeler Insurance?

Read More
Posted on 24 March 2020