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Know About These 7 Types Of Travel Insurance
Sep 29, 2023

Did You Know About These 7 Types Of Travel Insurance?

It is easier to choose the right sort of travel insurance once you know what the types are available, and which one may suit you best. The choice made will depend on the type of trip that you are taking, your age, as well as the purpose of travel.

Types of Travel Insurance Policies

Here are seven different types of travel insurance plans you can purchase in India to secure your upcoming domestic or international trip. Note that all policies may not suit every traveller, so choose based on your requirements.

1.    Domestic Travel Insurance*

As the name suggests, domestic travel insurance is limited to your trips being taken within the borders of the country. These policies typically cover a wide range of expenses, including medical costs, emergency transportation, and lost or stolen baggage. They can also provide you with peace of mind knowing that you are protected in the event of an unexpected event. Having such a policy will ensure that you are covered in the event of an unexpected event and that you can enjoy your trip without worry.

2.    International Travel Insurance*

As opposed to domestic insurance, international travel insurance is the type of policy you purchase when you are taking an international trip. While travel insurance may be optional when travelling domestically, you may not have a choice when planning your international travel. Some countries have made travel insurance a requirement for all tourists. Some of these regions and countries where having travel insurance is mandatory for tourists include the Schengen region, Cuba, Romania, Turkey, and UAE.

3.    Group Travel Insurance*

If you are travelling in a group or have booked a slot to be a part of an organised tour, you may be insured for the duration of your trip under group travel insurance. This covers several possibilities during your trip, such as loss of luggage, loss of passport, medical emergencies, trip cancellation or interruptions, and more. The sort of coverage offered may depend on the sub-type of policy chosen. Some of the benefits of such a policy may include lower costs and coverage for all travellers in the group (if included in the policy details). Group travel insurance can be a valuable way to protect yourself and your group from unexpected events while travelling.

4.    Single Trip Travel Insurance*

This is a common travel insurance coverage that you can purchase to cover a single trip of yours. It is preferable for those who seek inclusive coverage for their trip. This type of policy may not be mandatory in some international locations and most domestic destinations, but it is advisable to get this policy. It may offer you some peace of mind during your trip, as it may help you stay prepared to face at least some of the probable difficulties encountered during your trip. This kind of policy may be more suitable for people who undertake not more than one or two trips a year, as it will offer you the necessary coverage. .

5.    Multi-trip Travel Insurance*

If you are a frequent traveller, i.e., you already have multiple trips planned for the next few months, you may want to consider multi-trip travel insurance. As opposed to single-trip travel plans that can only be purchased per trip, multi-trip plans cover all your trips for the next twelve months. The maximum coverage offered per trip is 180 days, but the coverage will cease once you have returned from the trip before that. Multi-trip plans cover domestic as well as international trips and can save you the effort to buy multiple policies to cover each of your trips.

6.    Senior Citizen Travel Insurance*

If you are purchasing travel insurance for someone who is over 60 years of age, you may want to consider senior citizen travel insurance plans. Usually, it offers coverage for people only between the ages of 61-70. Other variants of senior citizen travel insurance may also be available for people between 70 years to 85 years of age. You may check with your insurance provider to get a better idea of the coverage offered as well as the age group that can be covered under this policy.

7.    Student Travel Insurance*

Students from India are travelling to various countries across the world to pursue higher education. When abroad, they may face a range of problems for which they may need financial support. To cover these possibilities, you may want to consider student travel insurance. In addition to all the commonly covered possibilities (baggage loss, medical emergencies, etc.) this type of policy may also cover study interruptions. Know that all these policies may differ slightly from one another, but some of their features may overlap. It is best to choose a policy that suits your needs, as it may help you get the right coverage. Furthermore, ensure that you use a travel insurance premium calculator that corresponds with the policy you have chosen, as it may help you get more accurate quotes.   * 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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