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Types Of Travel Insurance Plans
Feb 4, 2023

Are There Different Types Of Travel Insurance Plans As Per Needs?

With the holidays approaching, families will start planning for a vacation. There is always a huge rush around the new year as people want to celebrate it with their loved ones at a new destination. When you are planning a trip for the same, you would have different items in your itinerary that you might require. One more item that you should add to that list is travel insurance. In recent times, more people have started buying this insurance before their trip. What is this insurance? What are its types? Keep reading to get a better understanding about it.

What is travel insurance?

As the name suggests, travel insurance is designed to provide you with financial assistance during your trip, either domestic or international*. Here is a list of things that are covered by the insurance:
  1. Financial compensation for the loss of luggage and valuables
  2. Provision of temporary travel documents such as passport
  3. Coverage for medical expenses and hospitalisation
  4. Arrangement of evacuation flight during the event of an emergency
  5. Repatriation of mortal remains to the home country in the event of sudden demise
These benefits allow you and your loved ones to have a safe and hassle-free trip.

What are the different types of travel insurance?

Listed below are the types of travel insurance:
  1. Domestic travel insurance

Domestic travel insurance offers you financial coverage for the trip you are planning to take within the country. The policy provides financial coverage for the loss or theft of luggage and valuables in it. If your flight or train gets delayed/cancelled, the insurance will reimburse you the amount of the ticket. If you were to fall sick, the policy will cover the medical costs incurred. *
  1. International travel insurance

This type of insurance is designed to provide financial coverage for your trip abroad. Just like domestic insurance, an international travel insurance policy provides coverage for the loss or theft of luggage and valuables in it. Additionally, if you were to lose vital documents such as your passport or visa, the insurance will arrange a temporary one for the remainder of the trip. It also covers medical expenses in case of hospitalisation. If the country, you are travelling to declares a national emergency for some reason, the insurance plan covers the cost of the evacuation flight. In the event of an unfortunate demise during your trip, the insurance policy also covers the cost of bringing back the remains. *
  1. Travel insurance for senior citizens

Travel insurance for senior citizens policy is specifically designed for senior citizen individuals. Apart from the coverage that is provided under the other policies, it provides the added benefits of travel assistance and dental expenses as well. As the policy is aimed at citizens aged 60 and above, the cost of the policy can be higher compared to a regular policy. Also, many insurers have the pre-requisite of medical tests before the policy application can be approved. *
  1. Group travel insurance

This insurance financially covers a group of people who are travelling together. It can be a group of employees going on a work trip or a group of people going on a vacation. This policy covers multiple people under a single policy instead of having to buy individual policies for each person. *
  1. Medical travel insurance

This insurance is for people who are prone to falling sick or have pre-existing health conditions that could get triggered during their trip. The policy will cover the medical expenses and cost of hospitalisation. However, the set of inclusions and exclusions could vary from one insurer to another. *
  1. Multi-trip travel insurance

This insurance usually lasts for a year and is suitable for those who travel frequently. With this policy, you do not have to purchase a new policy for each trip. Instead, one policy covers multiple trips during the policy duration, which is, generally, for one year.


These are the types of travel insurance that you consider purchasing based on your needs. If you wish to know more about this policy and get a quote, you can get in touch with your nearest insurance advisor.   *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.

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