.png)
A Consultancy
What is Travel Insurance?
A travel insurance policy is a kind of insurance that provides financial compensation to the policyholder in case something goes wrong on your trip. A travel insurance plan covers vacations, business trips, and even educational trips. The sum insured can be used for medical emergencies, baggage loss, trip cancellations,, accidents and passport loss, etc. it also provide medical coverage for COVID-19 with minimal paperwork.
various kind of travel insurance plans are available such as international travel insurance, domestic travel insurance, student travel insurance, senior citizen travel insurance and family travel insurance plans. Coverage benefits regarding such plans are as given below:
1. Medical Expenses
2. Medical Evacuation
3. Personal Accident
4. Medical Evacuation
5. Loss of Passport
6. Loss of checked-in Baggage
7. Theft/loss of Personal Belongings
8. Trip Cancellation & Curtailment
9. Trip Delays
Request a Quote
Fair Prices, Guaranteed
Why is it essential to have travel insurance policy?
We generally go on trips without a travel insurance and return securely which ultimately leads us to wonder regarding the need of travel insurance policy. However, the answer is simple- it is always better to be safe than sorry- travelling may be fun and exciting but at the same time it exposes you to never-ending risks. With travel insurance policy, you remain protected from these risks and can enjoy your trip to the fullest. The following are the reasons why you need to get travel insurance for your next trip.
1) Cover for a Cancelled trip
A trip cancellation coverage provide protection from any of prepaid or non-refundable expenses if your journey is cancelled due to the following unfortunate circumstances.
2) Around 30 million bags were lost in 2020
Among the the total 48 billion bags that hit conveyor belts in 2020 at the airport, 29 million items were either lost or misdirected. Therefore, the best way to protect yourself from such damage is to issue yourself a travel insurance policy.
3) Passports lost/stolen
Passports are among the top 3 personal belongings that are generally lost while travelling. However, with such travel insurance, you are protected from the financial impact of such misplaced passport on your trip.
4) Travel is a substantial investment
Any event/happening that causes the travel plans to get canceled can result in substantial financial losses. This is where the travel insurance policy comes to the rescue. Although, it cannot take away the disappointment of a cancelled trip, it helps evidently.
5) Overseas Medical expenses
if you are ever in need of health/medical treatment in abroad, our travel insurance plans will act as a saviour to cover anything from medical expenses, dental treatment, transportation to the hospital and even daily allowance during such hospitalisation.
6) Repatriation of mortal remains
if unfortunately, the insured passes away during the trip, it can be traumatising for the entire family. Bringing back the remains of the demised person can be very challenging and financially draining as well and thus completing the formalities in regards of the same also become a task. However having a travel insurance policy will take care of such challenges and the demised’s mortal remains shall be brought to the country compelling all the formalities and providing coverage for the expenses incurred for the same.
7) Hijack Distress allowance
Though having off chance, having travel insurance will provide the coverage in the form of compensation in case the flight/ common carrier gets hijacked.
8) Home Burglary
In case your house gets burgled while you are on vacation outside your city, the insurance provider will cover the loss/damages suffered due to the robbery upto the sum insured limit.
9) Emergency Medical Evacuation
This coverage comes as a saviour in cases where immediate medical assistance/ attention is needed. It make sure that adequate transport arrangement is made available for a nearby hospital under medical emergency and if required, you can even be sent to your native country on medical grounds.
10) Cover for a Trip Delay
In case there is a delay in flight or missed the connecting flight because of a reason which is not under your control for eg, mechanical breakdown of the flight, bad weather condition, and so on then this insurance policy will secure you for the incurred expenses. Moreover, this insurance will also provide coverage to compensate for the meals and accommodation-related expenses as per the delay period.
11) Accidental Death and Disability
if the insured passes away or suffers from permanent or temporary disablement due to any unfortunate circumstances, this coverage will offer compensation up to the sum insured to the family for the loss.
Types of Travel Insurance Plans in India
While purchasing a travel insurance policy, it is essential to comprehend various types of insurance policies provided to travellers in India before purchasing. There are different kind of travel plans designed to cater the requirement of people of all age group whether be it a child, adult, student or senior citizen.
Domestic Travel Insurance
This Kind of insurance is suitable for people who are travelling within the geographical borders of India. It provides financial protection to individuals as well as families who are travelling within the states of India from unforeseen emergencies. It offers coverage such as medical cover, loss of baggage and personal accident cover amongst others.
International Travel Insurance
International travel Insurance plan covers individuals and families travelling abroad. it offers a wide range of coverage spanning from medical expenses, dental expenses, financial cash assistance, flight delays, trip cancellation, loss of passport, personal liability, loss or delay of of check-in baggage and hijack distress allowance. There are many insurers that offer home insurance to the traveller's house back India as a part of international travel insurance plan.
Schengen Travel Insurance
Schengen Travel Insurance is a customized overseas travel insurance online plan that offers coverage for people travelling to one or more than one Schengen country. It offers coverage to the insured travellers from any unforeseen emergencies which can lead to huge financial losses. Coverage included under this kind of insurance includes medical cover, loss of passport, delay in check-in baggage arrival, loss of check-in baggage, personal liability, personal accident cover, accidental death and dismemberment.
Family Travel Insurance
This plan is specifically designed for families who are travelling abroad together. The coverage under this plan include the policyholder, his/her spouse and his dependent children.The policy is mostly available on both individual and family floater basis. All insured members of a family can avail covers such as medical expenses, loss of passport, personal liability, loss or delay of check-in baggage etc.
Senior Citizen Travel Insurance
As the name suggest, this kind of insurance has been specifically tailored for senior citizens. Many insurers offer coverage for travellers above the age of 60 years. It offers protection from unforeseen financial emergencies, including medical expenses, dental expenses, repatriation of mortal remains, loss or delay of check-in baggage, medical evacuation, etc, similar to international travel insurance plan.
Student Travel Insurance Plan
This plan has been designed specifically for students travelling abroad to study. The validity of this plan can be extended to 2 years. Unlike the overseas travel insurance plan, it offers coverage to students such as sponsor protection, study interruption, medical evacuation, bail bond and two-way compassionate visit for the insured and the family member amongst others.
Corporate Travel Insurance
This insurance plan caters to the needs of corporate travelling within India or abroad for business purposes. The validity is usually up to 1 year that provide the insured traveller to undertake several journeys. The coverage included in this plan are flight delay, medical expenses, loss of baggage, missed connecting flight, etc.
Group Travel Insurance
it is a comprehensive plan specifically meant for people travelling together in groups. It is usually opted by people organizing tour groups, industrial training, official tours or pilgrimage tours. Many insurers offer these policies for people travelling India as well as overseas. It also offers personal accident and baggage cover.
Medical Travel Insurance
It is an insurance plan providing extensive medical coverage to insured travelers during their journey. Financial assistance is offered in case of medical emergency occurs while traveling abroad and thus leading to hospitalization. Such policies provide coverage for hospitalization expenses, daycare expenses, dental expenses, medical evacuation expenses and the cost of repatriation of mortal remains among others.
Multi-trip Travel Insurance
This kind of insurance is offered to people who undergoes multiple traveling in a year. Same benefits are offered on each trip through this policy without the requirement of buying a new policy before every journey. Therefore, a traveler ends up saving enormous amount of money by buying a multi-travel insurance policy.
Single Trip Travel Insurance
As the name suggest, this kind of insurance offers coverage to the insured traveler for one single journey. Its validity begins with the start of the journey and ends once the traveler returns home. This international travel insurance offers medical as well as non-medical covers such as delay or loss of check-in baggage, personal liability, etc.
Baggage Insurance
Baggage Insurance comes into play if you lose your baggage during your journey due to theft or any other mishap. The losses that are incurred due to such mishaps can sometimes real financial losses and ruin your trip. Therefore, Baggage Insurance can act as a savior in case of damage or loss to your luggage while travelling.
Flight Insurance
It is a custom-made insurance plan that offers coverage to he insured travelers from any unforeseen flight related emergencies while travelling. it offers protection from hurdles/adversities caused during the flight or due to any mistake/ fault of the airline or its staff. It covers both health as well as baggage insurance which includes flight delay, medical cover, accidental death and dismemberment cover, delay or loss of check-in baggage, flight cancellation, flight hijack and missed connection flight.
Exclusions of Travel Insurance Plans
Most travel insurance policies do not cover any claims arising because of the following reasons:
1) Liquor, Drugs
Any claims arising due to dependency on intoxicants, including alcohol or drugs will not be covered by the insurer. Even the treatment or any illnesses which were caused while you were under the influence of lcohol/drugs will not be covered.
2) War, Civil War or terrorism
No claim shall be provided by the insurer in a war-like situations including a civil war in the country your are in or planning to visit. Also no claim shall be covered arising due to terrorist attacks in the country/city you are visiting.
3) HIV AIDS
4) Alternative Treatment
5) Cosmetic Treatment
6) Adventure Sports
Expenses for HIV AIDS is usually not covered by majority of insurer in india
Majority of the travel insurer does not provide coverage for alternative treatment expenses such as Ayurveda and homeopathy.
8) Pre-existing Diseases
No coverage for pre-existing diseases under travel plans
9) Loss of Passport when let unattended
Most of the insurance providers do not provide coverage for claims arising out your participation in adventure sports activities such as scuba diving, mountaineering, bike race, etc.
No coverage for claims arising out of an injury or treatment related to a self-inflicted injury, including suicide or attempt to suicide, etc
Any claims arising out of your cosmetic surgery will not be covered by your insurance provider.
11) Travelling against Medical Advice
In case you are travelling outstation or in a foreign country against the medical advice of the doctor, then no medical treatment expenses incurred while travelling will be covered by the insurance provider.
None of the insurance provider will provide coverage for the expenses incurred on obtaining a new or duplicate passport in case you lose your original passport abroad.
An international travel insurance policy will not provide any coverage for the baggage loss if your luggage is shipped separately and is not accompanied by you.
7) Suicide or self-inflicted injury
10) Loss of baggage when shipped separately
Does Travel Insurance Cover Coronavirus (COVID-19) Disease in India?
With COVID-19 infecting over 1,73,344 people across 152 countries or territories across the world, governments across the world has put travel restrictions and are discouraging their people from making any non-essential travel abroad, especially to a coronavirus-affected country, unless the situation is under control.
In this grave situation, most of the people are thinking whether travel insurance would cover them financially in case they cancel their overseas travel or get infected with the virus . If they get quarantined, will their travel insurance provide coverage for the charges?
The answer is YES also and NO too. The international travel insurance plan do provide coverage for the coronavirus disease but under specific situations only such as:
Emergency Medical Treatment
The insurer in India will provide coverage for any emergency medical expenses that are incurred by the insured on the treatment for COVID-19 in a hassle-free manner. People who had purchased their individual, family or senior citizen travel insurance policy just before the travel restrictions were placed will be provided coverage for the emergency medical expenses incurred. This is available for both international and domestic travel. However the claims will be made as per the terms and conditions of policy at the time of its purchase.
Overseas Trip Delays/ Cancellations
The insurance provider will provide coverage for any trip delay or cancellation claim due to the outbreak of coronavirus (COVID-19) in case the policy was purchased before the travel ban.
Here also as in the medical expenses cover, the settlement of the claim amount for this cover will be as per the terms and conditions of the policy at the time of buying.
However, it is important to note that the trip delay/ cancellation cover is only for existing policies and not on new policy purchases. Therefore, the people who are planning to buy the travel insurance for their overseas trip to a COVID-19 country, despite government advisory, will not be covered by insurance provider. In fact , any claims related to coronavirus will be most likely excluded from the policy in such situations.
Domestic Trip Delays & Baggage Loss
A domestic travel insurance policy will provide coverage for any trip delays/ baggage loss for travelling within India due to the outbreak of coronavirus disease. However, the terms and conditions of the policy will remain the same as it was at the start of its purchase.
How to file a claim?
Call us at 9318310538 or drop us an email at customercare@rohinicls.co.in
Also, keep your details such as policy number, and other relevant details ready.
Why you should buy two-wheeler Insurance from RohiniCLS
Over 20+ Leading General Insurers to choose from
Lowest Premium
Easier Claim Settlement
Trusted Brand
Leading Insurance Agency
24/7 customer's claim settlement support even on national holidays
FAQ about Travel Insurance
We’re Here for You
How much does a travel insurance Policy Cost?
Generally travel insurance policy cost somewhere around between Rs.500 to Rs.2000, depending upon the place of visit. However, there are additional factorsUpon which the actual cost me depend such as travelling cost, age, The sum insured, etc. For example if you’re travelling to Texas for around 30 days, you can expect the premium of your insurance policy from Rs.580 to Rs.1500 for a sum insured of $100,000.
When is the best time to buy travel policy?
Ideally, the best time for a travel insurance is within the initial 15 days before the travel begins so that you can qualify for a few bonus coverage. However, several insurers permit you to buy insurance until the day before you begin your journey.
Which credit cards offer free travel insurance?
The best credit cards offering travel insurance are:
-
Axis Bank Privilege credit card
-
Axis Bank Vistara Signature Credit Card
-
Axis Bank Miles & more World Credit Card
-
Standard Chartered Visa Infinite Credit Card
-
HDFC Bank Regalia Credit Card
-
IndusInd Bank Platinum Credit Card
-
IndusInd Bank Platinum Aura Credit Card
Can you buy travel insurance after commencing your trip?
No. You cannot buy an travel insurance policy for your journey once you have departed from India. In fact, majority of the insurers does not allow travellers to buy an insurance even on the starting date of their journey. It does not matter weather you are travelling for a day or for a year, it is essential for you to buy a policy for your journey before the day of your departure.
Does a travel insurance provide coverage for pre-existing diseases?
No, majority of the travel insurance companies does not offer coverage for pre-existing diseases or conditions like diabetes. Therefore, in case you incur any expenses on the treatment of per-existing diseases during the journey, no coverage shall be provided for it, unlike the health that do provide the coverage after the waiting period.
Can i fly without travel insurance?
Yes, it is not necessary to have a travel insurance to fly anywhere across the globe. However, there are certain countries where overseas travel insurance is mandatory. Also travelling internationally without a travel insurance is risky just as gambling.
How much travel insurance do i need?
There are no fixed parameters while buying a travel insurance policy. However, while purchasing a travel insurance policy it is essential to identify your travel requirements and coverage that you might requirement.
Do travel policies cover non-refundable airline tickets?
Yes, a travel insurance policy provide coverage for cancellation of non-refundable flight tickets. Any expenses or losses suffered on cancellation of flight shall be refunded by your insurer.
When does the travel policy begin and end?
The cover of your travel insurance policy for the trip begins as soon as you start your journey and terminates the moment you return to the city of your residence. However, in case of multi-trip insurance, the cover commences from the time of its purchase and terminates after a time period of one year. however, the restriction for each journey is around 30-60 days.