Looking for the Best Travel Insurance In India? Great! You have reached the right place; we are here to help you.
Taking a foreign trip either for work or leisure necessitates substantial planning to guarantee a productive and safe experience.
Travel insurance is a sort of insurance that protects you against the expenditures and risks of traveling. It's a good layer of insurance for individuals traveling locally or internationally.
Aside from financial security, travel insurance also provides access to help services wherever you go across the entire planet.
This article walks you through the fundamentals of travel insurance, including which Indian insurance provider offers what kind of service, how to pick a plan, and how to get the maximum out of the insurance.
Factors To Consider Before Choosing Travel Insurance
1. Cost of the insurance: To buy any type of insurance including travel insurance a traveler must first consider the cost of the insurance to pick out the right one which offers low-cost premium and high coverage.
The buyer must also keep in mind the efficiency of the insurance, pros, cons, and features of the trip to decide which plan is befitting and appropriate for your needs.
One must also bear in mind the financial planning and budget of the trip and the amount of expense that can be spared towards the variable factor of travel insurance.
While keeping all this in mind one also has to look out for cheap and inefficient travel insurance that becomes useless in case of an unlikely event.
2. The authenticity of the company: Selecting an authentic and reliable company is a major factor that affects travel insurance. It is risky to choose travel insurance from firms and companies with bad or low reputations.
The profile and consumer reviews of the company speak tons about the companies’ quality of work in all aspects and stages of insurance, including the claim processing and payment.
An insurance policy becomes useless if it cannot process the consumer’s claims and payments when needed and provide aid in time. The buyer must also check out the availability of emergency customer care services which can be useful in case of unlikely events happening.
3. Select based on your requirements: This is the most significant aspect of your travel insurance search. However, it can be relatively tricky to assess the type of plan you should be select if you aren't conscious of your requisites from the plan.
Purchasing travel insurance online can be a lot simpler once you have created a list of needs that you have.
Making this list of conditions before you get trip insurance would help you understand the travel insurance market more and let you strain out the plans that would serve you best.
4. Clear medical coverage: There are a large number of people who ignore the significance of being truthful with your travel insurance firm. When you're not, there can be a lot of consequences coming in your direction, which may not surely be positive.
When you're signing up for travel insurance, it's extremely crucial that you report everything about your medical record and not withhold any type of medical facts that you should speak about in the disclosure form.
It's always advocated that before you purchase travel insurance, you must be transparent with the travel insurance firms for your own sake. Do not tumble into the tricks of cheap travel insurance.
5. Make sure you are covered for even your bags: When you purchase travel insurance, you must learn to ensure if the insurer is going to cover your baggage or not. There are a lot of trip insurance plans out there that will not insure your belongings.
However, it's entirely up to you, if you're ready to take that chance. Nonetheless, you must be mindful of the backlashes and be prepared to face them.
However, you might be in for a scary surprise, if you don't inspect it earlier with your travel insurance provider concerning the policy for belongings. You should consider these effects when you buy trip insurance.
There can be times when your baggage is lost or delayed, and the travel insurance plan can pay you a certain amount of reimbursement as a claim if that happens.
Passengers can get travel insurance to protect them against any possibility that could develop during their flight, which can help them overcome the contingency difficulties associated with air travel.
Various insurance companies in India offer travel insurance to travelers traveling inside India or overseas.
Top 10 Best Travel Insurance In India With Buying Guide (Updated 2022)
1. ICICI Lombard Travel Insurance
The firm was created in 2001 and offers international and domestic travel insurance.
ICICI Lombard's travel insurance is established and tailored to meet the needs of various types of passengers on overseas trips.
ICICI Lombard Travel Insurance provides a package for everybody, even older folks, whether they are traveling for work or pleasure.
To appeal to a varied range of clientele, it offers single trip, multi-trip, and senior citizen programs.
It also enables the insured traveler to tailor his plan to the target country and select a geographic region from Asia, Schengen, the United States and Canada, and the rest of the world.
The Plans
There are many types of travel insurance plans available at ICICI Lombard. For leisure travel, the sum insured for ICICI Lombard travel insurance ranges from $ 50,000 to $ 5,00,000. The categories include:
Single Trip International Travel Insurance: This is a type of international travel insurance that covers the policyholder for only one trip.
Gold Multi-Trip International Travel Insurance: This is a sophisticated travel insurance package designed for regular overseas business travelers and will spare them the headache of having to get travel insurance every time they travel overseas.
Leisure Vacation Plan - This plan offers complete coverage to insured travelers against a variety of unfavorable events that might derail their travel arrangements.
Senior Citizen Plan - This insurance is designed specifically for those aged 71 to 80 years old. It offers enough protection for older travelers against unforeseen incidents that may occur when traveling overseas.
Asia Plan - This coverage has been tailored to meet the needs of travelers visiting Asia. It covers a total insured of USD 25,000 and is available to single travelers, families, and senior persons.
Multi-Trip Travel Insurance: This coverage is developed specifically for persons who travel internationally regularly.
2. Religare Travel Insurance
Religare Enterprise Ltd., Union Bank of India, and Corporation Bank formed Religare Health Insurance Company in 2012.
Families, tourists, and corporate clients are all covered by the company.
It is a leading travel insurance coverage that covers those traveling overseas from financial trouble due to unforeseen circumstances.
It offers Explore, Student Explore, and Group Explore travel insurance schemes.
The Plans
Examine the coverage provided by the various policies before purchasing the best travel insurance policy for the trip. The following is a list of Religare Travel Insurance policies.
The Explore travel insurance plan; This is a region-specific plan that covers travel to Europe, the United States, Canada, Asia, Africa, and other parts of the country around the world.
Students Investigate Travel Insurance Options: The Student Explore Travel Insurance Plan provides coverage for medical bills and travel disasters for students heading abroad for higher education.
The Group Explore travel insurance plan is designed for those going on leisure travels in groups. Aside from IPD and OPD coverage in the case of a medical emergency, this policy also covers adventure sports injuries and diagnostic testing, including radiation, chemotherapy, breast exams, and mammography.
Travel Insurance for Schengen Visa
1. Bharti AXA Travel Insurance
Bharti AXA travel insurance has a worldwide existence in 130 nations.
It has 24 X 7 demand assistance and strong client support through Bharti Assist Global for all insurance-allied proceedings.
Bharti AXA General Insurance had constructed a sound franchise.
It was propelled by the experience of powerful promoters, consisting of Bharti Enterprises, a diversified business brand, and AXA Group, an international insurance and asset administration enterprise.
the Plans
Bharti AXA travel insurance provides its consumers with a variety of plans that can be chosen to fit their needs and requirements. These plans include:
Bharti AXA Smart Traveller Schengen Travel Insurance: This insurance plan offers insurance to those visiting the Schengen countries. This insurance offers you complete peace of mind when you are out on your holiday by safeguarding you against sudden medical expenses and baggage loss.
Under this scheme, Bharti AXA offers 3 different insurance products- Smart traveler Schengen Gold, Smart traveler Schengen Silver, Smart traveler Schengen Platinum. Based on the plan the traveler prefers, the different amounts of insurance money and features are determined.
Senior citizen travel insurance: This insurance plan is available to only the traveler in the age group of 71 to 85. The people of this age group require special care and run a high risk of health while traveling to different places.
2. Reliance Travel Insurance
Reliance travel insurance provides cashless hospitalization facilities across the globe.
Personalized travel insurance plans that are precise to the destination country like Schengen and Asia travel plans.
Zero paperwork is needed to purchase travel insurance plans by Reliance General Insurance. Reliance travel insurance offers cashless hospitalization worldwide.
The travel insurance is issued immediately with no medical inspection.
The Plans
Some of the attractive offers by the company include:
The Reliance Schengen travel insurance plan- Reliance Travel Insurance offers Schengen-approved travel arrangements that can be issued within seconds without any paperwork or medical check-up.
With this plan, you gain the benefit of seeing many Schengen nations like Switzerland, Spain, Italy, France, Germany, Portugal, Denmark, and more.
The plan also protects you against medical expenditures like surgeries, immediate transport for medical attention, and deportment of the corpse.
Student Travel Insurance: this type of insurance plan is designed for aspiring students who dream to study abroad. This plan has got the students covered who go to study in a foreign with no one familiar to help them in case of emergency.
Reliance travel insurance offers this plan with no paperwork or medical test to issue a health policy except for the age limit of 16 to 35 years of age.
3. Future Generali Travel Insurance
Group – the match remakers in Retail Trade in India and Generali – a 187 years old global insurance brand standing among the world’s 60 largest companies, as per Fortune Global 500 rankings.
Future Generali offers world travel insurance with customized policies and 24 x 7 cost-free worldwide emergency assistance.
Future Generali Travel Insurance (Travel Suraksha) protects you when abrupt incidents occur during your overseas trip.
The Plans
Whether it's a medical crisis or loss of passport or baggage, Travel Suraksha protects you so that you indulge in your overseas expedition. Now let us take a look at some of the plans offered by Future Generali India Insurance.
Future Suraksha Schengen plan: For a trip to the Schengen region, a Schengen visa is a must-have, and to gain a Schengen visa, the tourist must have insurance protection mandatorily with an Accident & illness protection of not lesser than Euros€ 30,000. Thus, most Indian insurance firms, including Future Generali have a policy, especially for Schengen Travel.
Future Generali’s Future Suraksha Schengen Plan has three variants with Sum Insured classifying from$30,000 to$100,000 under their Standard, Silver, and Gold variants.
Future Suraksha superior care- it is the senior citizen care travel plan offered by Future Generali India Insurance for the elderly between the age of 71 to 80 years. The plan offers a standard coverage of $ 100,000; it offers benefits like accident and illness coverage, medical evacuation, deposition of the corpse, passport loss, loss of belongings, accidents, hijack benefits, emergency financial aid, etc.
Overseas Travel Insurance
1. SBI General Travel Insurance
SBI General Insurance Company Limited is among India's most well-known non-life insurance providers.
A joint project between the State Bank of India and the Insurance Australia Group gave birth to it.
To provide insurance affordable for all people and organizations, the agency offers a comprehensive range of standard insurance solutions in the consumer and business arena at competitive pricing.
Customers can get medical, leisure, household, personal injuries, and auto insurance from SBI General Life Insurance Company.
SBI General Insurance Company offers to assist its clients with all of their needs and to aid them in getting back up and running.
The Plans
The insurance company provides an amount insured to cover hospitalization-related medical expenditures. You must pick the suitable sum covered with SBI General to ensure optimum health coverage.
After carefully analyzing the healthcare requirements, you must choose an effective health plan. SBI Insurance has several travel insurance plans like:
SBI General Travel Insurance: The policyholder is covered completely by the SBI general travel insurance policy. It covers a variety of charges, including airline ticket refunds, medical bills, and more.
The minimum age requirement is six months, while the highest age requirement is seventy years. The policyholder is covered globally by the SBI general travel insurance policy, which includes an amount insured of up to $500,000 for the policyholder.
People from other nations working in India are covered under the SBI general travel insurance policy. This insurance coverage is available to Indian citizens traveling abroad for business or professional purposes, vacation, or other reasons.
2. TATA AIG Travel Insurance
TATA AIG General Insurance Company offers a variety of travel insurance options, each of which provides you with exactly what you need based on your vacation purpose and needs.
These are incredibly handy and designed to meet the needs of clients through appealing features and advantages.
The insurance plans are tailored to provide thorough travel insurance for various sorts of trips.
The Plans
These are the many travel insurance plans issued by TATA AIG General Insurance Company, which range significantly from one another. They are designed to meet your unique insurance needs. Tata AIG Travel Insurance plans include categories like:
- Single Trip: This policy is divided into four categories: Silver, Silver Plus, Gold, and Platinum. Individuals aged 6 months to 70 years are covered under a one trip policy.
- Multiple Trip: This insurance coverage is divided into Gold and Platinum categories. Individuals aged 19 to 70 are covered under multiple trip coverage.
TATA AIG International Student Guard Policy: TATA AIG International Student Guard is a travel and health insurance coverage created specifically for students studying abroad. The plan covers any emergency that may develop as a result of the many concerns that come with traveling and living in another country.
TATA AIG Senior Citizen Travel Insurance Coverage: This policy is for people over the age of 71. It includes insurance from baggage theft or delay and coverage for pre-existing diseases. Automatic Extensions are another feature of this category of an insurance policy.
3. IFFCO Tokio Travel Insurance
To keep you secure on your trips, IFFCO Tokio offers some of the most preferred tour packages insurance products.
The Online Travel Insurance Polic and the Pravasi Bhartiya Bima Yojna are two types of travel insurance plans offered by the firm.
The IFFCO Tokio travel insurance coverage is critical in assuaging your fears about unanticipated events that might ruin your hard-earned vacation or an important business meeting.
IFFCO Tokio General Insurance Company Limited's travel insurance can immediately be obtained or extended through the company's website. Online quotations for IFFCO Tokio Travel Insurance products are also available.
The Plans
The Travel Protector Policy for Overseas Travel from IFFCO Tokio ensures that you travel safely and securely, with unforeseen medical and other expenditures readily covered. IFFCO Tokio Travel Insurance plans include categories like:
The policy is divided into multiple sub-plans:
- Gold 500 - Worldwide coverage for up to $5,000,000.00 in expenditures
- Gold 250 - International coverage for up to $250,000 in expenditures
- Gold 100 - Global coverage for up to $1,000,000 in expenditures
- Silver - Worldwide coverage, except the United States and Canada, with expenditures up to USD 250,000
- Bronze - International coverage, except the United States and Canada, for up to $50,000 in expenditures
Apart from that, the insurance also includes:
- Insurance for a single trip: Travelers traveling to a single place and returning within a certain time frame are covered by single trip insurance. Single trip insurance from IFFCO Tokio is easy to purchase online and provides international coverage and numerous benefits.
- International Multi-Trip Insurance: If you travel internationally regularly, purchasing international travel insurance becomes inconvenient. In this scenario, you can get Multi-Trip Global Insurance for the number of days you plan to visit within the country.
4. HDFC Ergo Travel Insurance
Through its low-cost Overseas Travel plan, HDFC ERGO international travel insurance offers insurance protection that covers these unanticipated dangers.
Whether you're traveling for business or entertainment, individually or with the family, this plan might come in handy in a crisis.
HDFC Ergo has joined with Allianz Worldwide to provide travel assistance to its 8 million+ cashless hospital network throughout the world.
Customers may benefit from HDFC Ergo's thorough and all-encompassing travel insurance categories, which protect them against numerous hazards and risks associated with travel, allowing you to enjoy the holiday the way everyone deserves it, worry-free.
The Plans
The Travel Protector Policy for Overseas Travel from IFFCO Tokio ensures that you travel safely and securely, with unforeseen medical and other expenditures readily covered. IFFCO Tokio Travel Insurance plans include categories like:
Individual Travel Insurance: Travel the world with confidence, knowing that we will safeguard you and all you consider important. Choose the amount of coverage that will best protect you in the event of a disaster.
Family Travel Insurance: Get only one insurance plan for all of the members of the family that protects you and your family against any hazards while traveling to an overseas location.
Student Overseas Travel Insurance Plan: HDFC ERGO provides a Student Overseas Travel Insurance Plan that effortlessly covers medical expenditures, stay interruption, baggage-related liabilities, and travel-related challenges.
Travel Insurance for Frequent Flyers: Annual multi-trip coverage covers many journeys over a year, making the travel schedule easier and saving customers time.
5. Bajaj Allianz Travel Insurance
Bajaj Allianz General Insurance Company Limited is a joint venture involving Bajaj Finserv Limited and Allianz SE, the world's largest insurer.
With its innovative digital and mobile apps, the company is not only delivering insurance solutions to clients' doorsteps but increasing insurance penetration.
There are a variety of items on the market that can protect you from all of these dangerous circumstances.
However, the features, advantages, and coverages given by various types of insurance policies differ. As a result, you should select the insurance plan that best meets your needs from Bajaj Allianz General Insurance's extensive selection.
The Plans
With its comprehensive travel insurance policies and plans, Bajaj Allianz Travel Insurance provides you with a variety of schemes and coverages:
Bajaj Allianz Travel Companion Insurance: Individuals, students, families, and elderly people can all benefit from Bajaj Allianz Travel Companion Insurance, which covers medical expenditures for you or your family when traveling overseas.
It comes with three different packages: Travel care, Travel secure, and Travel value, with prices spanning from $50,000 to $500,000.
Bajaj Allianz Travel Elite Insurance: This plan provides you with enhanced protection, similar to a Business Class journey. Silver, Gold, and Platinum policies are available, all of which provide customizable sum insured choices, travel delay protection, and personal liability coverage.
Bajaj Allianz Travel Prime Insurance: All medical occurrences, including the cost of hospitalization and related charges, are covered under the Bajaj Allianz Travel Prime Insurance plan.
It offers five sub-plans, starting from silver to maximum, with coverage ranging from 50,000 to 10Lakh USD.
Domestic Travel Insurance
1. Apollo Munich Travel Insurance
For students, elderly individuals, families, and regular travelers, Apollo Munich provide a variety of travel insurance products.
Unique advantages include insurance for all medical cases, easy policy renewal, no upper age requirement, and affordable premium payments, among others.
The finest feature of Apollo Munich is the cashless advantage of Apollo hospital and pharmacy networks across India in the event of medical help when traveling abroad.
Apollo Munich has a large network of affiliated hospitals. It has also made an online registration service available to enable a seamless claim settlement procedure.
The Plans
The company provides you with complete travel insurance coverage that eliminates the fear of unanticipated hassles ruining the perfect journey. Apollo Munich travel insurance comes in a variety of packages. Apollo Munich has several travel insurance plans like:
Easy Travel- Individual: This style of travel insurance coverage is available to anybody between the ages of 6 months and 70 years.
Easy Travel-Family: If you're embarking on a family trip, this plan will come in handy. There are three possibilities for this plan: Silver, Bronze, and Asian Region.
Easy Travel – Annual Multi-Trip Plan: This plan is designed specifically for regular travelers, providing complete coverage. Platinum, Gold, Silver, and Asian Region are the four categories available.
Educare Student Travel Insurance: This policy covers any risks associated with traveling abroad for educational purposes.
Senior Citizen Travel Insurance: This sort of travel insurance is available to anybody aged between 71 and 80.
Benefits of Getting Travel Insurance in India
Travel insurance is among the most crucial considerations when planning a vacation. Loss of checked-in luggage, loss of identification, and other losses are covered by Travel Insurance.
It protects the traveler against any unexpected expenditures that may arise as a result of these losses by offering protection against such losses.
Regardless of how precise the planning is, many things may go wrong while traveling, and the trip schedule may be altered at any time.
It might be due to unanticipated circumstances, health issues, or cancellation of the hotel or flight reservation by the vendor. Travel Insurance coverage protects you from these types of losses before you leave on your vacation.
Conclusion
Theft of passport and valuables coverage, loss of checked-in luggage coverage, and other perils are covered by travel insurance. These risks are covered, which adds a layer of security against financial damage.
When filing for a visa, most destinations demand that you get travel insurance. However, selecting the appropriate travel insurance that covers all of the problems associated with travel is critical.
I hope you liked our article on Best Travel Insurance In India, and it must have solved your queries such as travel insurance comparison or best travel insurance company in India
if you have any comments or suggestions do share them in the comments below.
Frequently Asked Question
Q1. Can I get travel insurance that covers Covid?
COVID-19 is currently covered by only a limited number of travel insurance companies and plans. If someone tests positive for COVID-19, it will most likely only cover healthcare, quarantine, and canceling charges.
However, if they cannot travel due to lockdowns at the residential city or the intended destination, travel insurance is uncommon to compensate for cancellations.
Q2. Is travel insurance compulsory for traveling abroad?
It is not a mandate to travel anywhere Without travel insurance. It is not unlawful to travel without insurance, but it may cost exorbitant amounts.
If you don't have travel insurance, you'll either have to compensate for a situation when you're traveling from your pocket; or you'll lose a lot of money if you need to quit a trip and can't recover your money.
Q3. How to choose travel insurance?
When purchasing travel insurance, there are a few things to keep in mind:
- Pen down the exact duration of your travel with dates
- Understand if the insurance covers all the trip destinations
- What does the insurance specify about a pre-existing medical condition
- Does the insurance offer you coverage over and above the principal amount?
- Make certain that you can afford the extra costs, such as service charge and damage reimbursement.
- Analyze if the insurance has all your possessions covered
Q4. Does travel insurance cover loss items?
If you lose things or valuables while traveling, a thorough travel insurance coverage may be able to help. This section of your travel insurance coverage might also cover the damage and fraud in addition to loss.
It's crucial to read the fine print and understand everything before choosing travel insurance.
Q5. Can you get phone insurance after purchase?
Yes, anyone can insure a used cellphone with several insurance companies. However, you might need to do some more measures in some circumstances. You must be mindful that certain phone insurance providers' coverage does not begin for another 14 days.
So if something goes wrong with your phone within that period, you're not insured, and they won't compensate you.
