April 19, 2024


Health know-how

What Does A Travel Insurance Cover?

Travel Insurance Explained - What Does it Cover and How it Works?

One of the most crucial bits of information vacationers need to know is regarding travel insurance, which is becoming increasingly necessary as the number of people who take to the road, continues to grow. This insurance helps protect against a wide variety of potential disasters that can completely deplete a traveller’s savings. The visa application process for most countries requires proof of sufficient travel insurance coverage. It could be critical, however, to get comprehensive travel insurance that can protect you from any and all potential mishaps.*

A definition of “Travel Insurance” 

There is insurance specifically designed to protect you against the many dangers you face when you travel. It compensates for emergency medical care (Travel Health Insurance), misplaced luggage, and missed flights.*

It is common practice for Indian travellers to purchase travel insurance that covers them from the moment they leave their country until the day they return home. Travel insurance coverage protects you from financial hardship in the case of an accident or illness when visiting a foreign location. While travel health insurance may be more common for international excursions, some companies also offer it for domestic journeys.*

Travel insurance benefits can be numerous, and they can typically protect against some or all of the following potential problems*:

  • Insurance for individual accidents, which pays for expenses related to the loss of life of an insured party
  • Complete and permanent disability
  • Injuries and illnesses reimbursement of medical costs
  • Assistance during dental procedures
  • Evacuation during emergencies
  • Loss of life and remaining repatriation
  • There was a holdup with your bags.
  • Problems with missing suitcases
  • Accidental passport loss
  • Delayed flight
  • Hijack
  • Intrusion into a private residence
  • The shortening of a journey
  • Receipt of cancellation notice
  • A non-refundable flight or hotel reservation was cancelled

Depending on the specifics of each policy, some may offer coverage for even more potential disasters than others. The traveller’s policy and plan determine coverage for these dangers. Other hazards might be covered by purchasing “extended coverage” on your travel insurance. 

A Few Varieties of Travel Insurance coverage

There may be insurance available that covers just one trip. But, business travellers who frequently venture abroad have the option of investing in a multi-trip Travel Insurance package. Some insurance could be valid for a whole year and covers unlimited journeys to a specific location. Business people and frequent travellers to a given location may help safeguard significant money by purchasing one of these policies. Companies also offer student plans at a reduced rate tailored to the unique needs of those moving overseas to pursue higher education. Duration of 30, 45, or 60 days may be permitted as the maximum for any given trip.

Group travel insurance policies may be another option. A group overseas travel insurance can cover seven or more people. Cost-wise, these plans could be comparable to those for a single trip and have similar coverage and perks. The average cost per traveller could be lower with group travel insurance because premiums can be calculated based on the travellers’ ages. While taking groups on excursions across international borders, most tour operators choose to purchase group Travel Insurance plans.

Once you understand what the term “Travel Health Insurance” means, choosing a plan becomes much more straightforward and slightly easier. In preparing for a trip overseas, selecting a comprehensive travel insurance policy with an extensive coverage limit may be essential. Travel insurance rates can be compared, and the best policy can be selected via insurance aggregators. Insurance company websites feature various travel insurance products for students, domestic travellers, retirees, families, and individuals. Coverage that meets your requirements and offers excellent value can be easy to find.

*Standard T&C Apply.

‘Insurance is the subject matter of solicitation.’ For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘