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Travel Insurance

Travel Insurance -- Meaning:

Travel and tourism is one of the rapidly upward spiraling sectors around the world. With rise in standards of living, more and more people are embarking on journeys and exploring new places. Before going on a trip you need to address all your travel worries. Travel insurance is making a great leap in the modern world. It takes care of all your travel worries. It secures you and your loved ones in their trip abroad. This type of insurance provides benefits of medical expenses, loss or delays of baggage or passport, personal accident, financial emergency assistance and hijack distress allowance. Travel insurance plans cover expenses incurred due to delayed flight, cancellation of trip and also take care of valued assets left at home.


Travel Insurance, India:

Travel insurance is a lucrative economic sector in India today. Basically, Indian travel insurance policy offers a safe and secure way to protect you against medical costs through illness or injury, against theft or loss of possessions and other accidents that may occur during your travels. Attractive plans for student travel are also available. Various Indian insurance companies are offering different types of insurance polios. These usually deal with the type of trip being embarked upon - domestic travel insurance, student travel insurance, family travel insurance and international travel insurance. Applying for travel insurance has become easy and convenient. Online travel insurance information including quotes, prospectus and downloadable forms make the process flexible and relaxed.


Common types:

Depending on the travel insurance quote and the type of trip, you can choose among the following types of insurance when planning a trip:


» Trip Interruption Insurance:

This type of insurance covers you during your trip. If an injury, illness or other event prevents you from continuing a trip you've started, trip interruption coverage will reimburse you for expenses you incur because of it.


» Trip Cancellation Insurance:

There are three major types of trip-cancellation insurance. In the event that you pre-pay a cruise or tour that gets cancelled, and you can't get your money back; a second when you or someone in your family gets sick or dies, and you can't travel (but this does not apply for a pre-existing condition); and, finally when bad weather makes travel impossible.

» Trip cancellation insurance covers you for the period of time before you travel.


» Lost-Luggage Insurance:

In this of insurance, the company pays you money for the baggage lost during travelling.


» Travel medical Insurance:

This type of insurance is meant to cover all medical illnesses and disorders suffered by the policy holder during the trip. However, the policy does not apply for any medical condition existent before embarking on travel. The medical illness has to be suffered during the trip. It should be noted that it also covers all hospitalization, medication and medical assistance needs.


» Travel Accident Insurance:

This type of insurance overlaps with that of medical travel insurance. It covers the individual for physical and emotional injuries as certified by the medical board of the foreign country. It does not cover any mental injuries.


» Calculation of Travel Insurance Amount/Premium:

The amount of premium to be paid for travel insurance cover depends on a number of factors like, the numbers of days of travel, whether travelling in domestic country or overseas, if the insured is an individual or has taken a family plan. A higher amount will ensure a higher coverage.

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