Compare & Buy Best Travel Insurance In India

When embarking on an overseas journey, it is crucial that your travel insurance is one of the first things that you pack. To make your travel safe and fruitful it is imperative that you invest in a comprehensive travel insurance plan. The right plan would not only cover the minor expenses but also protect you against various unforeseen incidents that can take place while you are far away from home.

So, whether you need to travel for business or pleasure, and are looking for the best travel insurance India can offer, read on to know everything about the best travel insurance companies and the different travel insurance plans that they offer.

What are travel insurance plans and why do you need them?

Before we get into the details of travel insurance it is essential to find out what travel insurance plans are and why they are important. In simple words, a travel insurance plan offers you a safety net against the various risks that may arise when you travel outside. Considered to be a dome of security and protection, it is designed to safeguard a traveller from the losses he may suffer due to unforeseen circumstances.

While the world is becoming smaller and compact, frequent travelling has become a part of life for many. And with the world engulfed in viruses and infections, being under the cover of a travel insurance plan has become crucial. It is not uncommon to see travellers losing their baggage, falling unwell or being involved in an accident when travelling overseas. These circumstances are unpreventable and cost time, money and most importantly peace of mind. A good travel insurance plan from a great insurance company can rescue you from many such situations and prevent your losses to the nought.

Getting your travel insured will help you in the following ways and more:

Saves you from the unforeseen medical expenditures
Assistance in an unfamiliar and unknown territory
Covers you for any kind of personal liability that may arise
Emergencies are due to travel such as flight delays, loss of checked baggage, losing passport or laptop etc.
Many countries have now made it mandatory for visitors to have travel insurance
When you are insured you are automatically more eased out and can enjoy your time abroad all the more

Travel Insurance to the Rescue

The benefits that you can get from a travel insurance plan are plenty, but sadly, due to lack of awareness, many travellers are totally unaware of these benefits. Let us take a quick look at what all is covered under travel insurance. Please note that this is an indicative list of the coverage of most travel insurance plans, for specific plan related coverage, it is recommended that you go through the policy documents.

Medical treatment that you may have to seek will be covered by your travel insurance
Most travel insurance companies are offering coverage for Covid-19 treatment expenses
Personal accidents will also be covered
In case of hospitalisation, you may receive some daily cash allowance
In case of a financial emergency, you may receive cash assistance
Your insurer will compensate for emergency medical evacuation
Repatriation of deceased
In case you lose your Driver’s License you will be suitable compensated
In the event of trip curtailment, you will receive assistance
In case of a plane hijack, relief benefit will be paid out
Cancellation of the trip will be covered
Help and support in case of loss of passport
Travel permission in countries where it is mandatory to have a travel insurance

List of popular companies offering travel plans in India

There has been a rise in the number of companies that offer travel insurance. Here is a list of the most popular travel insurance companies:

Name of the Company	Name of the Plan	Key Features
TATA AIG Travel Insurance	TATA AIG International Travel Insurance	Best suited for international travellers from 6 years onwards Frequent travellers can opt for the multi-trip option that covers them for a whole year
	TATA AIG Domestic Travel Insurance	For all emergencies that may arise during your travel within India Along with medical benefits the plan also offers reimbursements in case of travel curtailments This plan also offers the multi-trip option
	TATA AIG Student Travel Insurance	Students between the age of 16 to 35 years can opt for this plan and pursue their higher studies Benefits such as compassionate visits by the parents, coverage for study interruptions, sponsorship issues etc. make this a great plan
	TATA AIG Senior Citizen Travel Insurance	Citizens over the age of 70 years can opt for this plan A great policy to cover your travel in your golden years Includes medical benefits including dental cover, evacuation and repatriation of mortal remains
Universal Sompo Travel Insurance	Universal Sompo Annual Multi-Trip	Suitable for frequent flyers and corporate executives to cover all their annual trips under one plan Option of 4 different plans on the basis of destination Competitively priced travel plan
	Universal Sompo Travel Worldwide	Wide range of different plans based on the destination A well-suited plan for people who fly frequently and want to economise their travel You have the option to save more through group travel plans
	Universal Sompo Student Travel	Students get an option of 6 plans to choose from Along with other benefits, you can get cover against accidents, study interruptions etc
	Universal Sompo Travel Asia	Covers all kinds of travels to different Asian destinations 2 affordable plans based on your age, the duration of the trip and the coverage
National Insurance Travel Insurance	Overseas Mediclaim	A package policy that covers your overseas travel emergencies It is available in 3 categories: Employment and Studies Business & Holiday Corporate Frequent Traveller
HDFC ERGO Travel Insurance	HDFC ERGO Student Suraksha Travel Insurance	Can be purchased by students planning to go overseas for higher studies or for students already there Cover can be for a period of 30 days to 2 years Flexible policy to suit your needs
	HDFC ERGO Travel Insurance	The plan comes with a lot of options and benefits Covers individuals from the age of 6 months to 70 years 24×7 emergency assistance available
Bharti AXA Travel Insurance	Bharti AXA Schengen Travel Insurance	Schengen is included in the 26 European Union states As per the Schengen agreement, travel insurance is mandatory before applying for a Schengen visa The policy is available online
	Bharti AXA Worldwide Overseas Travel Insurance	This policy includes the USA and Canada You can cover yourself as well as your family under this plan Emergency Accommodation can also be a part of your travel insurance
	Bharti AXA Asia Travel Insurance	An affordable and comprehensive travel insurance plan Apart from medical expenses, this plan offers a daily allowance in case of hospitalisation
	Bharti AXA Annual Multi-Trip Insurance	A suitable plan if you are a frequent traveller and visit different destinations Keep yourself well-covered and protected Choose a plan for 30/ 45/ 60 days Depending on the plan option selected you can also opt for Home Fire insurance
	Bharti AXA Single Trip Insurance	A great option for those who travel once in a year to one particular destination Customise your plan as per the country you are going to, and the duration of the trip
Cholamandalam Travel Insurance	Cholamandalam Comprehensive Travel Insurance	An overseas travel insurance cover that is available at affordable prices Multiple sum insured options to choose from Extend your Single Trip to 185 days The plan comes with three variants: Travel Plus Travel Pleasure Travel Delight
	Cholamandalam Student Travel Insurance	This plan is suitable for students going overseas for their higher studies Covers the costs of medical situations Allows a 2-way compassionate visit Also includes a Bail Bond
	Cholamandalam Leisure Travel Insurance	Along with coverage of medical expenses during an international trip, the plan also covers travel contingencies In case of loss of checked-in baggage/ passport/ international Driver’s License, you would be assisted as necessitated
Iffco Tokio Travel Insurance	Iffco Tokio International Travel Insurance	This plan comes with 5 coverage options, pick the one that suits you the best Along with medical and dental treatments the plans also cover personal accidents In case of hospitalisation of over 48 hours you can avail up to $30 daily for up to 20 days
	Iffco Tokio Pravasi Bhartiya Bima Yojana	This plan offers personal accidents up to INR 10 lakhs Employment-related litigation expenses are covered up to INR 45,000 In case the insured member loses his/her job, there would be a cover for the transportation fare back
Oriental Travel Insurance	Overseas Mediclaim Business and Holiday	An affordable and comprehensive plan is available online Covers business as well as holiday travel The policy can also be purchased by foreign nationals who work in India The policy can be bought for a specified number of days at your convenience
	Overseas Mediclaim Employment and Study	This is an indemnity based policy that would cover your medical expenses The minimum policy period is 2 months and the maximum is 12 months Sum insured: USD 75,000
Reliance Travel Insurance	Reliance Asia Travel Insurance Policy	For travellers travelling to Asian countries The policy requires minimum documentation and is available at affordable premiums Avail cashless hospitalisation
	Reliance Schengen Travel Insurance Policy	Travel insurance for your travel to Schengen countries Buy this travel plan easily and quickly to cover your whole family under a single plan The policy offers multiple trip durations from 182 days to 365 days as well Minimum sum insured €30,000
	Reliance Senior Citizen Travel Insurance Policy	An international travel insurance policy that covers individuals in the age group 61 years to 70 years Trips are covered from 182 to 365 days The policy also offers an automated extension in case of a medical emergency
	Reliance Annual Multi-Trip Insurance Policy	This international travel insurance policy covers several trips in a year Requires no pre-policy check-up and very little documentation Covers various travel contingencies
	Reliance Student Travel Insurance Policy	A tailor-made plan for students that offers them and their parent’s complete peace of mind You can customise the plan as per your academic course
Aditya Birla Travel Insurance	Aditya Birla Overseas Travel Insurance	This international travel policy offers you comprehensive insurance coverage Along with the loss of passport and loss of checked-in baggage, trip delays and cancellations are also covered
United India Travel Insurance	United India Overseas Mediclaim Policy for Business and Holiday	Whether holiday or business, this plan can help cover your international travel Covers the medical expenses you may incur in an accident or a disease The plan also covers repatriation
	United India Overseas Mediclaim Policy Corporate Frequent Travel	This worldwide travel insurance comes in two plan options: Policy A- Excludes sickness cover Policy B-Includes sickness cover
	United India Overseas Mediclaim Policy for Employment and Study	Ideal for people going overseas for studies or employment Age limit 5 to 60 years Trip duration can be from 2 months to 12 months
Bajaj Allianz Travel Insurance	Bajaj Allianz Individual Travel Insurance	This is a value-for-money travel plan that comes in the following variants: Travel Companion Plan Travel Elite Plan Travel Prime Plan The plans cover expenses on hospitalisation, evacuation and repatriation
	Bajaj Allianz Family Travel Insurance	This travel plan is for those who are travelling with their immediate family- self, spouse, 2 children Available in 3 options: Travel Companion Plan Travel Elite Plan Travel Prime Plan Covers personal liabilities
	Bajaj Allianz Student Travel Insurance	Ideal for students going overseas to pursue higher studies Covers the unforeseen expenses that can take place in a student’s life Available in following options, on the basis of coverage and sum insured: Student Companion Plan Student Elite Plan Student Prime Plan
	Bajaj Allianz Domestic Travel Insurance	This plan covers personal injuries that may arise from accidents or other medical conditions Permanent Total Disability is also covered Emergency hotel extension can be covered
	Bajaj Allianz Asia Travel Insurance	An ideal travel insurance plan if travelling to an Asian country, excluding Japan The plan is available in the two following options, on the basis of coverage and sum insured: Travel Companion Plan Travel Elite Plan
	Bajaj Allianz Senior Citizen Travel Insurance	A tailor-made travel insurance policy for citizens over the age of 61 years The plan offers an ‘on-call support’ all around the globe Add-on features make this plan all the more attractive and beneficial
	Bajaj Allianz Corporate Travel Insurance	A travel insurance policy that covers the unforeseen you and your family may have to bear Available in the following options: Travel Companion Plan Travel Elite Plan Travel Prime Plan Offers cover up to 180 days in one year
Religare Travel Insurance	Religare International Travel Insurance	You can customise this plan as per your destination basis and on a single/ multi-trip basis You can also avail of a business class updation In case of hospitalisation due to an accident, the sum insured is doubled Both in-patient and out-patient treatments are covered
	Religare Student Travel Insurance	When you go to a foreign country to pursue your dreams, do not let your learning be interrupted This student-specific travel insurance covers treatment, hospitalisation and covers pre-existing diseases too In case of study interruption, the tuition fee would be indemnified
Future Generali Travel Insurance	Future Generali Schengen & Worldwide Travel Insurance	This international travel plan covers you everywhere you go You can get an instant issuance of the policy Covers medical expenses and travel contingencies
	Future Generali Overseas Travel Insurance	The plan offers global protection with an all-round-the-clock assistance A suitable plan for travellers between: 18 to 70 years for Individual and multi-trip plans 18 to 65 years for Asia Travel on a Family Floater basis Children: 6 months to 25 years Seniors: 71 to 80 years
	Future Generali Student Travel Insurance	Students from 12 to 40 years can opt for this plan No medical screening is required unless an adverse health declaration Comprehensive coverage
	Future Generali Shubh Yatra	A travel insurance plan for your domestic travel Covers daily commuters, business trips as well as vacations Available for individuals from day 1 to 70 years of age

Factors to consider while buying travel insurance plans

The nature of your Travel
There are numerous kinds of travel plans available so you need to pick the one that suits your needs. For example, depending on the number of times you need to travel you can invest in a single-trip insurance plan or an annual travel plan.
Look Out For:
There are also companies that offer special tailor-made plans for senior citizens as well as students.
Coverage
Most of the benefits offered by the travel insurance companies are quite similar however, you need to see what features make one plan a better option than the other. You need to analyse your trip and then choose a plan that suits you.
Tip:
Go for a plan that offers maximum coverage, lowest premium.
Premium to be paid
Once you shortlist a few plans you can compare them on the basis of the premium they are charging. The premium should suit your budget and offer maximum coverage at the same time.
Note: The premium depends on various factors, some of which are given below, so choose wisely:

Your age plays a key role in the premium that you would have to pay
The premium will directly depend on the number of days that you are travelling
The total number of members that are covered
Your medical history will also be taken into consideration. If you suffer from any illness, you may have to pay a higher premium
You may also have to pay more if travelling to a high-risk country/ city

Goodwill of the Insurer
This is probably one of the most important things that you need to keep in mind when picking the right plan. There are a plethora of travel insurance companies out there and you may feel confused about which one to choose. But be smart about it, a company with a good track record should always be preferred.
Insured Members
When travelling with family, it is best recommended that you get insurance cover for all the members who are travelling. If any of the members face any contingency, the whole family would go through trouble and trauma.
Tip: In case you have your parents/ senior citizens with you, and your insurance plan doesn’t cover them, you can opt for a separate travel insurance plan for them to keep them covered.
Read between the Lines
You must have heard “read the offer document carefully”. Though we often ignore the advice, it is crucial to be clear about the inclusions as well as the exclusions so that you can save yourself from any kind of heartburn later.
Compare the Plans
One of the biggest advantages of buying insurance online is that you get to compare any two plans or products. These days almost everyone buys things from the internet after a detailed comparison, so why should your travel insurance plan be any different.
Tip: Visit an insurance aggregator website and compare the shortlisted plans. It would be easier to compare their features and the charges for each.

Tips to choose the best travel insurance company

You may not find it very easy to trust an insurance company with your hard-earned money, therefore, it becomes vital to choose an insurer that can help you in securing your as well as your family’s financial future. Making a prudent choice is imperative.

Keeping the following tips and factors in mind will help you in your hunt for the best travel insurance company:

History of the Company
Before entering a contract with the company it is important that you know the history as well the current standing of the company. Check the track record about how well the company has handled the ups and downs of the economy. Try and check out the ratings on the company website or any other trusted source.
Claim Settlement Ratio
A major parameter of your selection can be the CSR of the company. The claim settlement ratio is the percentage of the number of claims that have been settled by the company as compared to the claims raised.
General Feedback
The number of reviews that a company receives will also give you an idea of its values and approach towards its clients and customers. It is possible that some of the reviews may be fake or falsely generated, so take such information from trusted websites and sources only.
Explore all the Available Options
Comparing different companies will give you a better idea of the pros and cons of each. Make sure you first shortlist at least 3-5 companies and then make a decision. Also, look for the different features that they are offering.
Customer Service
Try to pick a company that has efficient and proactive customer care service. In your time of need, customer care is the first step of assistance. Their attitude and approach towards the customer are very crucial.
The Premium
Though the premium shouldn’t be the most important parameter to choose a company, it surely has significance. A higher premium often means more coverage, however, you need to find that out yourself. Without overshooting your budget, go for a comprehensive policy.
Professional Help
Going through numerous travel insurance companies and their plans can become quite overwhelming. If you find yourself more confused at the end of the surfing process, it is best that you seek the help of an expert. An agent would be able to help you in narrowing down the best potential travel insurance plans.
Keep the Pandemic in Mind
Due to the pandemic, there have been many companies that have brought changes in their plans, procedures as well as premiums. It is recommended that you stay updated with the changes being made by the company you are most inclined to pick.

Before you Set-Off
Sadly in our country buying insurance is still not considered to be important. Not having insurance can be a cardinal mistake and just to save a few bucks today, you may spend through your nose tomorrow. A major reason why people do not part with their money easily is that there is still ignorance about the benefits of insurance, especially travel insurance.

When you buy insurance, be it travel or any kind, you need to ensure that you understand the plan completely. Many companies offer you the freedom and flexibility to choose a plan that suits your travel insurance needs. Rather than just planning a holiday, plan a safe and secure trip. Whether it is work or a vacation the best travels are the ones that are stress-free, so when you leave home make sure you leave all your worries behind as well.

Compare & Buy Best Travel Insurance In India – Features & Benefits

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