Travel Insurance (Domestic & Intl.): Compare & Buy Online

What is Travel Insurance?

Travel insurance is a sort of insurance that provides financial protection if something goes wrong while you are traveling. It ensures that you are protected against a variety of unexpected events. Depending on where you're going and how frequently you travel, you may quickly evaluate various insurance and pick the one that best meets your needs.

Why Buy Travel Insurance?

1. Support in the case of medical emergencies
2. Reclaim flight rescheduling and cancellation fees
3. Replacement of lost or stolen luggage
4. Coverage for the entire family
5. Protection against personal liability
6. Safeguards your home when you travel
7. Stress-free stays and travel

Benefits Of Travel Insurance In India 2023

Some major benefits of travel insurance in India 2023 are:

1. It protects you against losses during Travel: 
   Travel insurance protects against missing baggage and lost passports. It compensates travellers for additional expenses incurred as a result of these accidents, ensuring their financial security.
2. It compensates medical expenses:
   Travel insurance is purchased to cover accident and medical care costs that may happen while travelling. In the event of an accident, dental or medical treatment, the insurance company reimburses expenses up to the set level. Some insurers provide a global network of hospitals for cashless treatment, and they also provide help to ensure that the insured individual has a pleasant experience. This is a big advantage of travel insurance.
3. It covers against changes to the trip itinerary:
   Unexpected occurrences during a trip can include sickness, abrupt changes to the plan, or cancellations by hotels, airlines, or travel agencies. Travel insurance compensates for these losses before the trip begins and also covers trip cancellation for a variety of reasons. However, the specific coverage may vary depending on the insurance product chosen.
4. It covers personal liability:
   Personal liability insurance protects you against third-party damage caused by the insured. If you cause any harm to a third party while travelling, especially if you are travelling internationally, this section of Travel Insurance will recompense you. Damage to people or property can be the subject of third-party responsibility. Depending on the goods, this personal responsibility protection could be different.

What Does Travel Insurance Covers In India?

It's important to take a thorough look at all available protections before making travel preparations. These plans often cover a variety of topics to provide you peace of mind when travelling. Here is a closer look at a few important coverages to think about.

1. Accidental Death and Dismemberment:
   Accidental death and dismemberment insurance offers protection in the event of terrible mishaps that result in demise, loss of a limb, or loss of vision. It's important to understand that this coverage differs from a life insurance policy in that it excludes deaths due to accidents, illness, or suicide.
2. Loss of luggage:
   In the event of loss, theft, or damage while you are travelling, baggage insurance covers the cost of your suitcase and other personal items.
3. Emergency Medical Evacuation and Repatriation:
   When you have a medical emergency that cannot be appropriately handled at the closest medical facility, this benefit will pay the costs of your medical evacuation. If necessary, it provides a transfer to another hospital or even your home nation. This coverage also includes the transportation of remains, should the tragic need occur.
4. Missed Connection: Providing for Easy Travel:
   Missed connection insurance protects you in the event that a common carrier's delay causes you to miss a scheduled excursion or cruise. To catch up with the tour or cruise at the following port of call, additional costs are covered by this fee.
5. Restoring Frequent Traveller Programmes: A Sigh of Relief:
   There's nothing to worry about if a trip you purchased with airline miles or hotel points is cancelled. This perk covers any fees related to transferring your rewards back into your frequent traveller account.

Things To Consider While Buying Travel Insurance

Important Things to consider before buying travel insurance
To ensure thorough protection and a straightforward claims procedure, it's important to keep a few things in mind before purchasing travel insurance.

Coverage:- carefully review the policy to understand what it includes and excludes. Don't presume that insurance will cover all possible losses. Try to get coverage for circumstances that happen frequently, such as COVID-19, medical crises, lost luggage or documents, and more.

Riders:- Some precious objects, including jewellery or electronics, as well as specific activities, such as adventure sports, may not be automatically covered. Ask about add-on covers that are customised for these things or activities if your travel plans include them.

Claims Process:- The claims process is the ultimate test for any insurance policy. Pick a reliable company with a reputation for quick and easy claim resolution. Consider reading social media posts regarding insurer experiences or seeking advice from insurance aggregator websites.

Pre-existing Condition Disclosure:-It's important to disclose any pre-existing medical conditions when acquiring coverage. Failing to do so could render your policy void, leading to potential claim denials. Don't hide anything, be open and frank with any pertinent medical information.

Documents Required For Buying Travel Insurance

Documents required for buying travel insurance:

• Aadhaar card or other acceptable forms of identification.
• Provide information about your travel plans, such as dates, places, and duration.
• Give your birth certificate or student ID card as proof of age.
• Provide medical history if requested and disclose any existing medical issues.
• Keep emergency contact information ready.
• Show proof of your trip ticket bookings.
• Prepare payment information for obtaining insurance coverage.
• Remember to give any additional documentation necessary by the insurance company.

How To Calculate New Travel Insurance Premium?

To calculate follow the steps given below:

Step 1:- Visit your insurance company's website or sign in to their online portal.

Step 2:- On the website or dashboard, look for the "Renewal" or "Policy Renewal" option.

Step 3:- To start the renewal process, click on the available option.

Step 4:- Give the required information, such as the policy number and the renewal date.

Step 5:- Review the coverage, premium, and policy details.

Step 6:- Use a secure payment gateway to make the payment online.

Step 7:- A confirmation of the renewal will be sent to you after the payment has been processed.

Step 8:- The updated policy documents can be downloaded or printed for future use.

Step 9:- Verify that you have received the newly issued policy materials via email or regular mail.

Step 10:- In case of any future claims or questions, keep a copy of the updated policy documentation.

Benefits Of Travel Insurance Renew

Renewing your travel insurance has the following benefits:

1. Convenience:- You can easily renew your travel insurance online from the convenience of your home or office without filling out any paperwork or going to the insurer's office.
2. Time-saving:-When compared to conventional ways, renewing online saves you time. You can complete the relevant information, make the money, and obtain your renewal policy paperwork promptly with a few clicks.
3. Seamless Coverage Continuation:- Renewing your travel insurance ensures uninterrupted coverage for your upcoming trips. This means you're still protected against unforeseen situations like medical emergencies, trip cancellations, and missing luggage.
4. Policy Review:- During the renewal process, you get the chance to go over the specifics of your policy, the coverage limitations, and any new advantages or improvements provided by the insurer. This enables you to make wise choices and make sure your insurance suits your individual requirements.
5. Peace of Mind:- By renewing your travel insurance, you can go anywhere with confidence knowing that you are fully covered and have access to financial assistance in the event of unforeseen circumstances.
6. Claim Continuity:- Renewing your coverage assures a seamless claims process if you have any problems while on vacation. The claims process is streamlined when there is a current policy and fast reimbursement for allowable expenses are made possible.

Documents Required To Claim Travel Insurance in India

Some documents you might need in case of a travel insurance claim.

Claim Form:- To begin the process of settling your claim, you may be required to complete a claim form, either offline or online.

Policy Statement:- Your insurance plan is very important. It contains personal information and customer numbers that identify it as yours. During a claim, the insurance company will first analyse it to confirm coverage. If all requirements are met, the claim will proceed, otherwise, it will be rejected.

Identification:- Some insurance firms may need you to present identity documents such as a copy of your Aadhaar card or passport.

Airline Tickets:- You might need to present your flight tickets if you're applying for foreign travel insurance. These records are helpful for making claims regarding trip delays, cancellations, and other similar events.

Cancellation of Medical Trip:- The insurance provider might ask for a doctor's statement as proof if you have to cancel your vacation due to a medical condition.

FIR:- For cases including baggage theft, a preliminary information report is required. The assigned police authorities must provide in-depth reports.

Loss of passport:- You must provide a photocopy of your passport with your claim form if you misplace it while traveling abroad.

Hospital bill:- In the unfortunate event of an accident, you must submit the necessary hospital costs. This is applicable if you chose a refund claim rather than a cashless one.