Travel insurance is basically a policy purchased for the safety when you travel to a domestic or foreign destination. It’s important to secure your journey by purchasing the best travel policy. Travel insurance policy can certainly be a savior in times of various emergencies while you travel overseas.
A number of travel insurance plans come with packaged features that comprise various types of coverage like the trip interruption, trip delay, trip cancellation, medical coverage, medical evacuation etc. and many more.
Types of Travel Insurance:
Individual Travel Insurance Plan: As the name suggests, individual travel insurance is meant for individuals who wish to opt for single or multi-trips cover. This is apt for solo travelers and if you travel frequently for work purpose.
Family Travel Insurance Plan: Family travel insurance is designed to cover your spouse, kids and parents while travelling abroad. This too can be opted for single or multi trip purposes. If you wish to know which travel insurance is best in India, then pick a travel plan that can cover your entire family for the entire travel duration.
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.
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.
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.
Overseas Education Travel Plan: For higher education if you wish to study at an overseas nation, you would require travel insurance for a prolonged period to cover costs related to medical emergencies, loss of documents, loss or delay of checked baggage and so on.
MEDICAL TRAVEL INSURANCE
This type of policy is 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.
It’s important to compare various travel insurance quotes to acquire a travel plan at the best price that is affordable. Comparison of travel policy quotes should be done to avail the best travel insurance online at the lowest price.