Travel insurance is an insurance that literally covers medical expenses, financial and other losses which are incurred while traveling outside the country.
Travel insurance offers coverage for a variety of travelers like leisure travel, student travel and business travel. The most common risks covered by travel insurance are medical expenses, emergency repatriation, trip cancellation/interruption, accidental death, injury or disablement benefit, overseas funeral expenses, curtailment, delayed departure, loss, theft or damage to personal possessions and money (including travel documents), and delayed baggage. (pre-existing medical conditions are not covered)
Types of Travel Insurance:
Single Trip Travelers Insurance
Single trip travelers insurance offers coverage for you and your family for a holiday or a single trip intend to travel. It covers trip cancellation/interruption and medical travel insurance for the period of your travel. Some companies do not offer this package. However, additional coverage can be offered as a part of the package or is your choice to incorporate it.
Annual Travelers Insurance
Travel insurance plans offered yearly are known as annual travel insurance. These plans are for a longer period and offered to those who travel frequently to different destinations of the world. However, the limit of days and number of trips are specified by certain companies.
There are a number of travel insurance plans with distinguishing rates and facilities. A suitable insurance policy is an inseparable part of your trip and gives you peace of mind. You can opt for the specific plans according to your budget requirements.
Information provided under each product is general information actual coverage and terms will be as per policy when issued.