It’s very important to purchase a travel insurance policy when you are planning international trips. Travel insurance provides coverage against many travel-related risks such as loss of checked luggage, travel delay, accident, trip cancellation, medical emergency etc. In short, Travel insurance policies provide complete travel protection and travel assistance service. Thus it is always recommended to buy travel policy for international trips. Here is Top 5 Best Popular Travel insurance that you can purchase when you are planning for International trip.
What is Travel Insurance?
The insurance policy that provides protection against various travel related risks is known as travel insurance. It is very easy to buy this type of policy online and offline. There are multiple insurance providers that offer travel policy. You can purchase a travel protection policy for both domestic or international trips. The premium for a travel insurance policy is decided based on duration and destination. In India, it is not mandatory to have travel insurance coverage when you plan a journey. However, there are many countries such as Australia, America where it is mandatory to purchase travel protection policy for travel.
Also Read – Top 6 Best Term Insurance Plans in India
Which Travel Risk you can cover using Travel insurance?
Some common travel-related risk which are covered by Travel Insurance policy are –
- Medical Emergency
- Loss or theft of luggage
- Loss of personal belonging or passport
- Trip cancellation or Trip Delay
- Accident injury or death
- Disability benefit
- Terrorism Incident
In addition to above there are many other risks that are covered by travel protection plans. So, make sure to buy travel insurance plan when you make your travel plans.
5 Best Popular Travel insurance Policies for International Trips
There are a large variety of insurance options available in the market. Travelers often get confused when it comes to buying the best travel Insurance policy. In order to help them here is detail about 5 Best Popular Travel Protection Policies for International Trips.
# SBI Travel Insurance Plan
SBI Travel Insurance Plan is first in the list of best travel plans. This plan provides a wide range of coverage including individual and family. Key features of this plan are given below.
- This plan provide coverage up to USD 0.5 million
- No medical check-up required to avail this plan
- Comprehensive coverage
- Personal accident coverage
- Worldwide protection with 24×7 assistance
- Transparent and quick claim settlement
- Single Trip coverage up to 180 Days
# Apollo Munich Travel Insurance
Apollo Munich is one of the most popular and preferred travel insurance plans. It offers five different types of plans namely individual, family, senior citizen, multi trip and student travel plan. Key features of this plan are given below.
- The maximum plan coverage offered by this plan is USD 0.5 million
- You can get benefit like reimbursement of travel expenses in case of medical emergency causing trip cancellation
- 24×7 access to medical advice on phone from anywhere in the world
- Option to select geographic coverage
Also Read – 10 Tips to reduce Term Insurance Premium
# Tata AIG Travel Insurance
Tata AIG Travel Insurance is one of the best policy. TATA AIG policy is available in four different variants namely travel guard plan, student guard plan, Asia Travel guard plan and domestic travel guard plan. Key features of this plan are given below.
- This plan is available for all ages up to 70 years
- Pre-existing condition or any complication arising due to emergency condition is covered
- Special plan available for domestic travel coverage
- It provides comprehensive coverage including personal liability
# Bajaj Allianz Travel Insurance
Bajaj Allianz offers multiple types of travel Insurance policies like individual, family, senior citizen travel and student travel policy. Key features of this plan are given below.
- Innovative plans to match individual needs
- Quick and easy disbursement of the claims
- This plan provides you emergency cash during foreign visit
- Student and senior citizen specific insurance coverage
- On call assistance and support anywhere
# HDFC ERGO Travel Insurance
HDFC ERGO is next in the list. HDFC ERGO provides three different plans individual, family and student travel coverage. Key features of HDFC ERGO are given below.
- Option to select plan based on family size and age
- This plan provide vast geographical coverage
- 24×7 customer support facility
- Comprehensive coverage
- Exclusion is clearly defined
- Most trusted brand
Things to consider before buying Travel Protection Policies
- Compare insurance policies before buying. Make use of aggregator website for price and feature comparison.
- Check for policy exclusion. Many travel protection policies does not cover pre-existing medical conditions.
- Some policy covers specific accident or injuries only, hence it is recommended to read the policy document before making a buying decision.
- The claim filing process of insurance plan should be hassle-free.
- Maximize your travel coverage based on purpose of visit, destination and duration of stay.
- Don’t forget to check if your travel insurance provider is registered with IRDA or not.
At the end, I would like to say that make sure to buy policy via licensed agent or web aggregators. Don’t buy a policy for sake of buying. Do your own research, compare plans and select the best travel insurance plan as per your requirement.