Travel Insurance
Travel insurance safeguards your entire journey from substantial financial losses. It assists with expenses due to unforeseen medical and trip-related emergencies during both foreign and domestic trips. Travel insurance benefits encompass cashless hospitalisation, baggage and flight delay coverage, passport loss protection, trip cancellation assistance, and more. These benefits are valid for the duration of your entire trip until your return to India. Regardless of your nationality, whether you are a student or a senior citizen, you will always find a suitable travel insurance policy from India that caters to all types of journeys.
Travel Insurance Plans
Travel Delight
By Cholamandalam
Total loss of Checked-In-Baggage
$1500
Travel Delight
By Cholamandalam
Total loss of Checked-In-Baggage
$1500
Travel Delight
By Cholamandalam
Total loss of Checked-In-Baggage
$1500
View more
Travel Delight
By Cholamandalam
Total loss of Checked-In-Baggage
$1500
Travel Delight
By Cholamandalam
Total loss of Checked-In-Baggage
$1500
Travel Delight
By Cholamandalam
Total loss of Checked-In-Baggage
$1500
View more
What is Travel Insurance?
A travel insurance policy provides financial compensation for various emergencies that may arise during your trip. A travel insurance plan safeguards your journey from unforeseen expenses resulting from medical, legal, and booking-related emergencies. The majority of travel insurance plans in India offer coverage for the following:
- Hospitalisation Expenses Abroad
- Loss of Passport
- Personal Liability
- Aircraft Hijacking
- Baggage Cover
- Cover for Sickness
- Medical Evacuation & Repatriation
- Lost or Stolen Baggage
- Personal Accident
- Trip Delay
Furthermore, several countries mandate the possession of a travel insurance policy prior to their visit. These nations do not issue valid visas unless you provide proof of travel insurance from India.
Travel Insurance: Key Facts
| Categories |
Specification |
| Travel Insurance Cost in India |
Rs. 30/day* starting price |
| Entry Age |
3 months to 70 years or as specified |
| Countries Covered |
200+ countries and islands by different travel insurance companies in India |
| Duration of Travel Insurance |
1 day - 1 Year |
| Medical Benefits |
Treatment Expenses, Accidental Death and Disability, Dental Cover, Evacuation and Repatriation |
| Optional |
Pre-existing Diseases, Adventure Sports, Dental, Home Burglary, Nervous/Mental Disorder |
| Covers Family |
If purchased a Family Travel Insurance |
| Claim Procedure |
Can claim both online and offline |
| 24x7 Worldwide Assistance |
Emergency Helpline, Mobile Applications, EAM, etc. provided by insurers |
| COVID-19 Insurance Coverage |
Yes, Provided by most travel insurance companies in India |
| Time Required to Buy |
Can buy Instant travel insurance online |
| Claim Settlement Period |
Varies with insurer |
*Final Quote, Duration & Coverage will vary with insurer & plan purchased
Online travel insurance is readily available, offering a wide range of plans tailored to different countries and travellers. To enhance your coverage, you can opt for add-ons that provide specific protection. Some popular add-ons include coverage for pre-existing diseases and adventure sports.
Furthermore, you can select travel insurance plans based on the nature of your trip, whether it is business, family, or educational.
Features of Travel Insurance Plans
Any trip outside India necessitates extensive bookings and non-refundable expenses. Securing comprehensive travel insurance guarantees that you maximise the benefits of this journey while minimising unnecessary expenditures. Here are compelling reasons to consider purchasing travel insurance online:
- Curated plans: We have carefully curated travel insurance plans based on your requirements from our team of experts
- Cashless Treatment Facility: If you require hospitalisation abroad, you have the option to opt for cashless treatment. After contacting your insurer, you can visit any hospital within their network for your treatment. Your travel insurer will assist you in availing of cashless services globally.
- Easy Comparison of Travel Insurance Plans: Purchasing travel insurance online enables you to conveniently compare various travel insurance plans for your trip. You can learn how to compare travel insurance plans based on your specific needs and budget.
- Fulfils Mandatory Requirement: Many countries require you to purchase valid travel insurance before issuing a visa. To visit such countries, you must meet the stated coverage requirement. You can quickly search for travel insurance plans online and meet the necessary document requirements to obtain your visa.
- Minimal Paperwork: When you purchase travel insurance online, you avoid a significant amount of forms, formalities, and additional paperwork. All you need to do is complete an online form and pay for the travel insurance plan you prefer.
- Instant Policy Purchase: The policy is issued almost instantaneously after comparison and payment. You can select a travel insurance plan without leaving your home and purchase it within a few minutes!
5 Reasons You Should Buy Travel Insurance
In life, there are no guarantees, and your travel plans are equally susceptible to unpredictability. From being robbed to having a severe accident, numerous unforeseen events can occur while abroad. This is where your foreign travel insurance can provide a safety net and protect you financially. Often mistaken as an additional expense, there is no better way to safeguard your financial and mental well-being abroad.
If you are still uncertain, here are the top reasons to purchase travel insurance from India:
1
Meets Mandatory Entry Requirements
Having a travel insurance policy fulfils visa requirements for over 30 countries that have made it mandatory to purchase travel insurance from India.
2
Covers Any Luggage Mishaps
A foreign travel insurance policy provides reimbursement for stolen, lost, and damaged luggage, depending on the coverage provided.
3
Protects Every Traveller
The policy covers individuals, families, scholars, employees abroad, and senior citizens.
4
Reimburses for Flight-related Woes
The policy helps reclaim extra flight-related expenses (flight cancellation and flight rescheduling) under the specified reasons.
5
Safety Abroad & At Home
The policy offers stress-free travel with additional protection back home (home burglary/fire insurance).
Fortunately, many people now realise travel risks and prioritise their safety by purchasing travel insurance online. Do compare travel insurance online before making a purchase, and you will never regret buying this safety net for your trip.
Travel Insurance Plan Inclusions
Similar to packing essential items and securing comfortable flights and hotels, it is crucial to comprehend the potential risks you must anticipate and adequately prepare for. Familiarise yourself with the coverage provided by your travel insurance plan, as these are typically outlined as ‘inclusions’ within the policy wording. Here are some common inclusions under travel insurance plans that you should consider before making a purchase:
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Medical Coverage
The cost of medical care abroad is a lot higher than what we pay in India. Especially when you have a budget to stick to, getting injured or suddenly falling sick is seriously disappointing. On top of falling sick, there are extra (and often high) expenses that you did not consider. This is where your travel insurance coverage will have your back:
Medical Emergencies
If you need treatment abroad, you don't have to worry about high costs. Your travel insurance for abroad from India will cover them in case of an accident or sudden illness. Many Indian insurers also offer cashless travel insurance. Your insurer can settle the treatment expenses directly at the network hospital through this.
Medical Evacuation or Repatriation
Evacuation is a necessary expense if you need help with treatment abroad but it isn't readily available. In such cases, you will be evacuated to the nearest available facility. In case of unfortunate death abroad, the mortal remains are repatriated to India. Your travel insurance policy will cover both costs as per coverage.
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Journey Coverage
Your travel insurance plan from India will help you in many other ways, such as:
Travel Assistance
In a new city or a new country, your travel insurance plan will help with every urgent assistance. This can range from customer support to getting a list of network hospitals in that country most convenient for you.
Policy Extension
Your travel policy has a fixed period and ends when you return from the trip. If your trip is extended for valid reasons, your insurance for foreign travel can be extended. This is only allowed for a fixed period and under valid scenarios.
Flight Delays
The travel policy will cover extra costs if your flight is delayed for specified reasons.
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COVID-19 Coverage
The devastation during COVID-19 is hard to forget. Especially when you have travel plans in place, getting infected with coronavirus can affect all your plans and budget. Travel insurance with covid coverage offers some respite in case your travel plans are hindered by COVID-19. Most insurers will cover the following under travel insurance with COVID coverage:
Trip Cancellation
Travel insurance with COVID-19 coverage helps reimburse many trip costs in case of hospitalisation because of corona. You can get reimbursement for unused trip expenses if you or your immediate family member is hospitalised.
Medical Expenses
If you buy COVID-19 travel insurance, you can covered for related treatment expenses.
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Baggage Coverage
With airlines misplacing baggage so often, it's only fitting that there is a safeguard you can turn to. Many travellers insurance policies also offer the benefits of flight travel insurance like the following:
Covers Lost Baggage
Flights may misplace or damage luggage. A travel insurance plan will help you with necessary personal expenses like clothing, medicines, and toiletries.
Covers Delayed Baggage
Your tourist insurance will cover the purchase of necessary items in case of check-in baggage delay.
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Add-On Covers/Optional Covers
You can also personalise your travel insurance for improved benefits. These extra benefits, also called ‘add-ons,' come at an extra premium.
If you need specific protection, then these optionals will go a long way to protect you:
Adventure Sports Cover
This add-on will let you freely enjoy winter sports, adventure activities, etc., along with your insurance policy for travelling abroad. With this cover, your policy will reimburse stated hospitalisation expenses because of these activities.
Home Burglary/Fire Insurance
This cover protects you from any loss caused by a break-in, theft, or fire while you are on a trip abroad.
Emergency Hotel Accommodation
This optional offers hotel stay insurance benefits if your trip extends for any urgent reason. However, this is a limited coverage that is only provided by a handful of travel insurers.
Please note that the exact benefits vary between insurers. Similarly, travel insurance premiums will also vary from insurer to insurer. Ensure a travel insurance price comparison before you pick a good comprehensive travel insurance in India.
Travel Insurance Plan Exclusions
Ignoring situations not covered under a travel insurance plan is a significant reason for claim rejection.
Understanding exclusions before purchasing a travel insurance plan will prevent financial regrets in the future.
Knowing your policy exclusions also helps you determine if the travel insurance quote for your choice is within your budget.
Most travel insurance companies in India do not cover claims due to the following reasons:
-
Medical Exclusions
- ✅ Any expense incurred abroad if travelling against the doctor's advice
- ✅ Expenses for injuries or sickness caused because of intoxication or under alcohol influence
- ✅ Treatment costs incurred because of STDs (sexually transmitted diseases) and mental/nervous disorders
- ✅ Unless purchasing an add-on, claims related to pregnancy or related complications
- ✅ Treatment expenses because of alternative treatments such as Homoeopathy, Naturopathy, or Ayurveda
- ✅ Any claims related to cosmetic or plastic surgery
- ✅ Treatment for self-inflicted injuries, including attempts to suicide or suicide
- ✅ Most insurers in India don't offer coverage for pre-existing issues or diseases. Coverage is available with Pre-existing diseases add-on.
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Baggage Exclusions
- ✅ Baggage loss in case luggage is shipped separately or unaccompanied
- ✅ Some policies don't cover cases beyond the specified geographic region
- ✅ Delay or failure in reporting the lost luggage to the relevant authorities
-
Journey Exclusions
- ✅ Any claims arising from dependency on intoxicants, such as alcohol or drugs
- ✅ Claims arising from participation in adventure sports and other winter sports. Coverage for mountaineering, bike races, scuba diving, etc. is available only with specific add-ons
- ✅ Loss caused by involvement in illegal activities, theft, felony, etc.
- ✅ Damage because of dangerous or hazardous work
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Other Exclusions
- ✅ Claims arising because of war-like circumstances, as well as a civil war in the country that you are visiting
- ✅ All insurers may not always cover claims from terrorist attacks in your destination city or country.
- ✅ Cost of duplicate/new passport if the original was lost and left unattended.
Travel Insurance Plans by Indian Insurance Companies
Many insurers provide excellent travel insurance plans in India. You can choose any plan offered by various travel insurance companies in India. They offer plans with varying benefits, coverage, duration and cost. If going abroad, here are some travel insurance plans available in India:
| Travel Insurance Companies |
Eligibility Criteria |
Key Features |
| Aditya Birla Travel Insurance |
NA |
Hospitalisation cover, Passport loss, Automatic policy extension |
| Bajaj Allianz Travel Insurance |
06 months to 70 years |
Cashless hospitalisation, COVID-19 coverage, Loss of baggage/passport |
| Bharti AXA Travel Insurance |
03 months to 85 years |
Hospitalisation coverage, Emergency financial assistance, Baggage insurance |
| Care Travel Insurance |
01 days and above |
Emergency hospitalisation, Upgradation to business class, Adventure sports cover |
| Chola MS Travel Insurance |
03 months to 80 years |
Hospital expenses, Compassionate visit, Loss of documents |
| Digit Travel Insurance |
03 months to 99 years |
Emergency treatment, Flight delays, Adventure sports cover |
| Future Generali Travel Insurance |
06 months to 80 years |
Hospitalisation cover, Personal accident, Baggage delay/ loss |
| IFFCO Tokio Travel Insurance |
NA |
Hospital expenses, Trip cancellation, Hospital daily allowance |
| National Travel Insurance |
NA |
Hospitalisation expenses cover, Personal liability, Passport loss |
| New India Travel Insurance |
06 months to 70 years |
Hospitalisation coverage, Delay of check-in baggage, Personal accident |
| Oriental Travel Insurance |
06 months to 70 years |
Hospital expenses, Passport loss, Personal liability |
| Reliance Travel Insurance |
06 months to 70 years |
Cashless hospitalisation, Trip delay, Home burglary insurance |
| Royal Sundaram Travel Insurance |
91 days and above |
Hospitalisation expenses, Political risk & catastrophe evacuation, Missed connections |
| SBI Travel Insurance |
06 months to 70 years |
Emergency treatment, Trip delays |
| Shriram Travel Insurance |
90 days to 65 years |
Hospitalisation expenses, Loss of passport, Hijack distress allowance |
| Star Travel Insurance |
06 months to 70 years |
Emergency treatment expenses, Personal liability, Flight delays and cancellation |
| Tata AIG Travel Insurance |
06 months to 70 years |
Hospitalisation & treatment coverage, Bounced flight/hotel bookings, Automatic trip extension |
| United India Travel Insurance |
5 years to 80 years |
Hospitalisation expenses, Trip cancellation, Hospital daily allowance |
| Universal Sompo Travel Insurance |
01 day to 70 years |
Emergency hospitalisation expenses, Personal accident, Baggage loss |
*Disclaimer: The list provided is arranged alphabetically based on the insurance companies. “takemyinsurance.com” does not endorse, rate, or recommend any specific insurer or insurance product offered by any insurer. This list of plans comprises insurance products offered by all the insurance partners of “takemyinsurance.com.” For a comprehensive list of insurers in India, please refer to the website of the Insurance Regulatory and Development Authority of India (www.irdai.gov.in).
Types of Travel Insurance Plans in India
Numerous types of travel insurance plans have been meticulously crafted to cater to the diverse needs of travellers. Given that travelling is an universally embraced activity, it is only equitable for every type of traveller to find the same safety and support upon departing India.
Individuals of all ages, including adults, students, families, and senior citizens, can conveniently purchase travel insurance for international travel either online or offline. Let us delve into the various types of insurance plans available in India:
1
This type of insurance covers your journey to other countries. Also known as foreign travel insurance, it provides a comprehensive range of coverage, including treatment expenses, dental expenses, flight delays, trip cancellation, loss of passport, personal liability, loss or delay of check-in baggage, and more.
2
This mandatory travel insurance plan covers individuals travelling to one or more Schengen countries. As 29 European countries are part of this zone, people also refer to it as Europe travel insurance. All Indians must purchase travel insurance for Europe from India before applying for their Schengen Europe visa. It safeguards you from numerous emergencies that may result in severe financial distress. Some of the most common coverage provided under this plan includes hospitalisation expenses, loss of passport, delay in check-in baggage arrival, loss of check-in baggage, personal liability, and personal accident cover. This is among the most advantageous options for individuals planning a Euro tour.
3
As the name suggests, family insurance covers the policyholder, their spouse, and dependent children. All insured members of a family receive coverage for emergency hospitalisation expenses, loss of passport, personal liability, loss or delay of check-in baggage, and more. It is the most suitable option for families embarking on vacation abroad. However, it is important to note that not all travel insurance companies in India offer identical benefits, so travel insurance comparison is crucial.
4
Tailor-made for older travellers, senior citizen travel insurance allows elderly travellers to embark on international journeys without the fear of compromising their well-being and subsequently facing financial crises. Given that the majority of travel insurance companies in India only provide coverage for travellers up to the age of 60-65, offering this type of travel insurance for seniors becomes a crucial necessity. Benefits encompass coverage for medical expenses, dental expenses, repatriation of mortal remains, loss or delay of check-in baggage, passport loss, evacuation, and more.
5
This student-friendly travel insurance plan is customised for Indian students living abroad for their course duration. It boasts an extended validity of up to 2 years and includes unique benefits such as sponsor protection, study interruption, emergency evacuation, bail bonds, and compassionate visits for both the insured and their family.
6
This plan provides financial assistance in the event of a medical emergency while abroad. Coverage includes hospitalisation, day-care expenses, dental treatment, evacuation, and repatriation.
7
This plan covers multiple trips within a year, making it ideal for frequent travellers. It provides the same benefits on each trip without the need for new insurance every time.
8
This plan protects the insured for a single journey. Validity commences at the beginning of the journey and concludes upon returning. It covers travel emergencies such as loss or delay of baggage, emergency treatment, and personal liability.
9
This plan covers financial emergencies for travellers within India. It includes hospitalisation expenses, baggage loss, and personal accidents.
10
Other Types of Travel Insurance Plans in India
With increasing awareness, the demand for comprehensive trip coverage is on the rise. Some insurers also offer additional coverage:
11
This covers losses resulting from baggage theft or mishandling during the trip.
12
This covers emergencies during a flight, cancellations, hijacks, missed connections, and more. Coverage typically applies only during the carrier’s flight duration.
Does Your Travel Insurance Policy Cover COVID-19 Treatment?
Since the onset of the 2020 pandemic, coronavirus has emerged as a persistent threat to public health. The resurgence of various variants has significantly increased the risk for individuals, particularly those who engage in international travel. COVID-19 travel insurance, also known as COVID-19 travel insurance, provides comprehensive coverage for a multitude of related expenses, including medical treatment for coronavirus infections.
Furthermore, these insurance policies often offer additional travel insurance benefits contingent upon the chosen plan. You can conveniently purchase travel insurance online with COVID-19 coverage that minimises the need for extensive documentation.
Here are some coronavirus-related coverage options available through travel insurance plans in India:
- Emergency hospitalisation expenses incurred due to COVID-19. This encompasses various healthcare expenses pertinent to the treatment process.
- Trip extension resulting from unforeseen lockdowns in the foreign destination.
- Many travel insurers provide coverage for trip cancellation due to COVID-19 hospitalisation.
Eligibility Criteria for Travel Insurance Policy in India
Indian citizens have the flexibility to purchase travel insurance online, irrespective of the specific policy type. However, it is essential to be aware of the additional eligibility requirements for various online travel insurance plans.
Plan Eligibility:
| Plan |
Eligibility |
| Travel Insurance |
Must be between 0.6 and 70 years |
| Single-Trip Travel Insurance |
Eligible only for one trip, Adults aged between 18 and 70 years, Children aged 3 months and above |
| Family Travel Insurance |
Available for 4 people including the insured, spouse and 2 dependents; Adults must be between 18 and 60 years, Children must be below 21 years |
| Senior Citizen Travel Insurance |
Available for seniors aged 61 to 90+ years |
| Student Travel Insurance |
Must have enrollment in an educational institute abroad. Must be between 16 and 35 years or as per the plan |
| Corporate Travel Insurance |
Must be between 18 and 70 years |
| Multi-Trip Travel Insurance |
Adults between 18 and 70 years, Children aged 3 months and above, Renewable |
*Please note that the age bracket may vary depending on the insurer. It is advisable to verify the eligibility requirements with the travel insurer before reviewing or purchasing any travel insurance online
Basic Requirements to Buy Travel Insurance
All Indian citizens who wish to travel abroad for any purpose can purchase travel insurance in India. Permanent residents residing in India can also obtain insurance for foreign travel, contingent upon the nature of their trip. However, certain documents are required:
- Passport number of travellers
- Identity proof such as PAN or other government-issued documents for the proposal form
KYC verification for travel insurance is mandatory before purchase. Therefore, ensure you have these documents readily available before commencing the form completion process. Additionally, you must provide your precise travel dates and destination for the proposal form.
Why Compare Travel Insurance Online?
In India, the abundance of travel insurance plans can make it challenging to discern the most suitable option. Travel insurance comparison emerges as a pivotal tool, enabling individuals to evaluate multiple plans and identify the insurer that best aligns with their needs.
Given the diverse nature of travel insurance plans, it is essential to consider that they may not cater to every individual’s requirements. In some instances, opting for a specific plan may prove redundant and potentially exceed one’s budget.
For instance, if you are planning a trip to Europe with your mother, her travel insurance policy may have a significantly higher premium compared to your own. After conducting a comprehensive comparison of various options, you can consider purchasing a more comprehensive senior citizen travel insurance policy for your mother.
Your travel insurance plan should encompass your specific needs without exceeding your financial constraints. The cost of travel insurance is influenced by several factors, including:
- Pre-existing medical conditions
- Trip duration limitations
- Age of the traveller
- Number of travellers
- Chosen location
- Sum insured or type of coverage selected
- Add-on benefits
Numerous travel insurance companies in India offer a range of coverage benefits. Some benefits are exclusive to specific insurers, necessitating careful consideration of all available options. This can make it difficult to comprehend the benefits of a particular plan and complicate the process of purchasing travel insurance.
Acquiring travel insurance online after thorough comparison proves to be highly beneficial for travellers. Here are some of its key advantages:
1
Comprehensive Comparison
Online comparison allows you to easily compare insurance policies based on travel insurance quotes, enabling you to select a plan that aligns with your budget.
2
Discounts
Many travel insurance companies in India offer discounts for online purchases.
3
Enhanced Understanding of Inclusions
Online comparison facilitates a clearer understanding of the specific benefits offered by different insurers.
4
Informed Decision-Making
Online comparison ensures that you make an informed choice, as you can quickly identify the plan that provides the maximum insurance coverage within your budget.
5
Time-Saving
Online comparison streamlines the process of purchasing a travel insurance policy, allowing you to make a quick decision based on fair comparison of ongoing prices.
Myths About Travel Insurance
Travelling after months of planning and savings is one of the best feelings. However, one thing travellers easily dismiss is insuring their trip. Travel insurance is a backup during financial difficulties along with 24X7 global support if you need it.
Sadly, many misconceptions about travel insurance discourage people from buying it. We have covered a few of these travel insurance-related myths, along with the proven facts!
-
I don't have any Health Issues, so Travel Insurance is Useless!
Your travel insurance covers a lot more than your physical well-being. It also covers several trip- and stay-related complications that can cost you a lot of money abroad! These can include passport loss, a missed flight, or accidentally damaging someone’s property.
Even if you’re fit and fine, nobody can control an accident or a mishap while travelling. In such cases, you’re better off with a travel insurance policy.
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Travel Insurance is Only Useful for Frequent Travellers!
Your frequency of travel is unrelated to risks you may face abroad. Frequent travellers or not, you should absolutely safeguard your trip every time you travel.
Those going for single-trip travel insurance can get good benefits without compromising their budget. Benefits like trip cancellation, emergency hospitalisation and many others will surely make your trip stress-free.
-
I Can Report Any Accident & File a Claim Once I'm Back in India.
Even if you are on a short trip abroad, you shouldn't wait to return home to file a claim or report to your insurer. This includes getting into an accident, losing your wallet, missing bags, stolen passports, etc.
Most insurers need you to inform them about an incident within 24–48 hours. You also need to report these incidents to the police or other local authorities so that you can file a claim back home.
What's more, many insurers won't entertain any claims after a certain period. Generally, this is not more than 31 days after you have returned to India.
-
Old People Can't Buy Travel Insurance Policies!
Just because there’s a general age bracket for eligibility, nobody can deny senior travellers travel insurance protection! Standard plans are available for people aged anywhere between 6 months to 60 years. But you will find plans specially made for senior travellers above 71 years.
Many senior citizen travel insurance plans in India are available for older travellers. Some insurers don’t even have an upper age limit, so you can easily find these travel insurance online.
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It's Just a 3-day Trip, I Don't Need to Waste Money on Travel Insurance!
No matter how short or long your trip is, bad weather, medical emergencies, baggage loss can happen to anyone. Facing such issues on a shorter trip can sour the entire experience. To avoid this, why not let travel insurance take care of it? If you have budget restraints, you can easily find cheap travel insurance online that perfectly fits your budget!
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Travel Insurance Always Reject Claims!
Insurers reject claims because of incorrect/misleading information or if a claim is beyond the plan coverage. Most travel insurers in India provide all the scenarios where you don't get insurance coverage. Insurers also reject your claims if they are related to an undeclared pre-existing condition before policy purchase. Unless you’ve bought a policy that covers PED, the insurer will reject any claim related to them.
How to Calculate Travel Insurance Premiums Online?
Every traveller should opt for a policy that offers maximum coverage To secure the most economical travel insurance, it is imperative to obtain quotes from multiple providers to ascertain the minimum premium payable. Alternatively, you can utilise a travel insurance premium calculator, an online tool that estimates the cost of a specific insurance plan based on various factors.
Several parameters influence travel insurance premiums:
- Destination - Travelling to a high-risk country increases the likelihood of encountering adverse circumstances.
- Trip Duration - Longer trip durations typically result in higher travel insurance premiums.
- Number of Travellers - The premium for a policy covering one person is generally lower than that for a policy covering the entire family.
- Add-On Covers - Opting for add-on covers under your policy will increase the premium amount.
It is strongly recommended to utilise a premium calculator before purchasing travel insurance online to ensure you are making an informed decision and securing the most cost-effective coverage.
Tips to Lower Your Travel Insurance Premium
Foreign travel insurance can be convenient if you face an emergency during your trip. Use the tips below to lower your travel insurance cost in India:
- Buy Early - Buy a travel insurance policy well in advance to lower your premium. Buying the policy early can cost a lower premium. It also
- Customise Your Policy - Try to customise your requirements so that you only have to pay for the necessary coverage.
- Multi-Travel insurance for Frequent Flyers - Buying multi-trip insurance is more affordable if you travel frequently.
- Opt for Family/ Group Travel Insurance Plans - Suppose you are travelling with your family or in a group. In that case, you must opt for a family or group holiday insurance plan, respectively, as they are more cost-effective.
How to Buy Travel Insurance online/offline?
Acquiring travel insurance for the initial time can be perplexing for many individuals. However, you can readily comprehend all pertinent information regarding it through this section, encompassing the optimal timing for purchasing travel insurance and the comprehensive guidance provided. Securing foreign travel insurance for an impending trip is a straightforward process. All you need to do is adhere to these four simple steps:
🕒 Share
Provide your fundamental details, such as your name, mobile number, travel destination, age, and other relevant information, to receive tailored plans.
💸 Choose
Select from the curated list of travel insurance options that align with your requirements and budget.
🩺 Pay
Make payment for the travel insurance of your preferred choice. Utilise the convenient gateway of your choice for the transaction.
📅 Receive
Receive your travel insurance policy for your forthcoming international journey.
You can delve into the comprehensive procedure of travel insurance purchase in the subsequent sections.
When & Where to Buy Travel Insurance?
Ideally, it is advisable to purchase holiday insurance as soon as you have finalised your flight and hotel bookings. Most travel insurance consultants recommend purchasing it within 15 days of making these bookings, which includes your flight tickets and any other non-refundable expenses.
Regarding your online insurance purchase, the decision of where to buy your insurance policy is entirely your own. You can conveniently purchase it online or offline. Regardless of where you choose to buy travel insurance in India, it is essential to compare travel insurance plans on takemyinsurance.com.
How to Select Travel Insurance in India?
If this is your first international trip, the multitude of holiday insurance options can be overwhelming. Before purchasing travel insurance online, consider your options by following this concise guide:
✅ Frequency of Travel:
If you are a frequent traveller, a multi-trip insurance policy will be more economical. It also saves time if you travel multiple times in a year. If you are not a frequent traveller, opt for a single-trip insurance plan that covers you for the entire journey.
✅ Destination
Different countries will have varying costs. Whether you are travelling to the United States or Vietnam, you will require different coverage. Additionally, many countries have made it mandatory to obtain travel insurance for visas. Therefore, your sum insured and other conditions will significantly differ.
✅ Duration of Trip
The duration of your stay affects the travel insurance premium. In most cases, individuals purchase an online travel insurance policy for their entire trip. However, many people purchase for a duration slightly exceeding their total trip duration. This provides a safety net in case of sudden changes during the trip.
✅ Travel Companions
Solo travellers can purchase an individual travel insurance policy. Families can opt for a family travel insurance plan to protect their loved ones. You should inform your insurer about the total number of travellers accordingly.
✅ Ease of Claim Process
When purchasing travel insurance online, ensure you understand their claim procedure. Research the insurer, their claim-settlement ratio, and any claim limits they have set with various benefits. Each travel insurance policy has a specific limit up to which they will pay for your claims.
How To Buy Travel Insurance Plans Online from Take My Insurance?
Step 1: Navigate to takemyinsurance.com and locate the ‘Travel Insurance’ section within the drop-down menu.
Step 2: Upon reaching the form, select the desired destination(s) and proceed by clicking on the ‘Continue’ button.
Step 3: Utilise the calendar to select the appropriate trip duration. Once selected, click on ‘Continue’ to advance to the next step.
Step 4: Determine the total number of individuals travelling and provide the necessary traveller details, including their age. You have the option to add additional travellers based on the size of your group.
Step 5: Select the insurance plan that best suits your needs and proceed with the purchase using your preferred payment method.
How to File a Travel Insurance Claim
As a traveller, it is not solely your responsibility to purchase travel insurance. It is equally important to be well-versed in the procedure for filing a timely travel insurance claim. If you are required to register a claim, please follow these steps:
- Inform the insurer or Travel Protection Agency (TPA) of your claim via telephone or email.
- Inquire about the necessary documents you must submit to substantiate your claim.
- Send all the required documents to the insurer via email or post.
Upon receipt of the documents, the insurer will verify your claim in accordance with the terms and conditions of your travel insurance policy.
Countries Requiring Travel Insurance from India
For the majority of international trips, travellers typically consider travel insurance an additional expense. However, in reality, purchasing travel insurance in advance safeguards you against any last-minute cancellations and the financial repercussions they may entail.
Over 30 countries worldwide have made it mandatory for travellers to obtain travel insurance before finalising their visa applications. These countries include 29 European nations, which have a stringent requirement of a minimum EUR 30,000 coverage. Turkey, Qatar, the United Arab Emirates, and Seychelles also mandate travel medical insurance, and without it, entry into the country is prohibited.
How to Extend a Travel Insurance Policy?
Regardless of the duration of your trip, it is imperative to obtain comprehensive travel insurance coverage. Depending on the insurer, you may be able to extend your travel policy by one to two weeks or even longer. However, it is essential to note that certain key points remain:
- Renewal is possible for annual travel insurance plans. For other short-term policies, an extension is available.
- Some overseas travel insurance policies also provide coverage for emergencies such as hospitalisation, accidents, natural disasters, and other unforeseen events.
- Travel insurance extensions typically require an additional premium in most instances.
- To facilitate a planned extension, it is crucial to inform your insurer as soon as possible. Additionally, ensure that you pay for the additional travel insurance premium in accordance with the modifications to your travel insurance plan.
However, if your insurer does not include this benefit, it is essential to familiarise yourself with the required documents and extension policy before purchasing a plan. Failure to do so may result in your travel policy expiring, leaving you without coverage.
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Common Travel Insurance Terms
Here are some simplified terms to understand travel insurance wordings better:
- Sum Insured - In case of any insured emergency, your insurer will give you a certain amount of money. This is also the maximum amount that your insurer will pay you. You are entitled to this amount, which is the maximum coverage under your travel insurance plan.
- Reimbursement - This is a common way of claim settlement. After paying emergency expenses out of your pocket you can get that money reimbursed once you return. All reimbursement is as per the limits of your travel insurance policy.
- Single-Trip Insurance Plans - If you’re not a frequent traveller, you’re likelier to have a single-trip insurance plan. This plan provides coverage for only one trip up to the determined date.
- Multi-Trip Insurance Plans - People who travel frequently can opt for this plan. Multi-trip insurance covers all the trips for a fixed period. This is usually for a duration of 1 year but can vary with plans.
- Family Travel Insurance Plans - As the name says, family travel insurance is a plan designed for families. Anyone can buy this for spouses, dependent children, and older parents.
- Sub-limits - These are additional limitations under any coverage offered by your travel insurance plan. Sub-limits apply to some insurable losses; exceeding them will require you to pay the difference. For example, hospital room rent, ambulance charges, etc., have a fixed limit. If you exceed this limit, you must pay an additional amount.
- Deductible - In some cases, you may have to pay the initial expenses during an emergency. These out of your pocket expenses are non-reimbursable. This non-reimbursable amount is known as deductible. Your insurer will reimburse the remaining expenses.
- Cashless Settlement - The insurer directly settles your medical/hospitalisation expenses when you visit their network hospital.
- Common Carrier - Any organisation like commercial airline or cruise. It must deal with people and cargo travel between different cities or countries.
- Condition Precedent - A predetermined condition based on which the insurer agrees to offer coverage to the insured.
- Equipment Failure - An unexpected breakdown or malfunction of the common carrier’s equipment. This can cause an interruption or delay of the scheduled trip of the insured.
- Grace Period - This feature is only available in multi-trip or group plans. An extended period, right after the due date of the insurance premium. The insured can pay this due premium in this window. This provides them continued protection of the travel insurance plan.
- Hospitalisation - When the insured is admitted into a hospital or a medical facility. Must be for the mentioned minimum duration to receive medical care. The time must exceed 24 hours.
- Immediate Family Member - Refers to the legal relatives of the insured person. This includes legal relations, like parents, spouse’s parents, spouse, legal children, siblings, legal guardian, etc., residing in India.
- Insured Journey - This means the duration of the valid policy term purchased. For insurers this is the time between the insured departure and return. It can also be on the day their plan expires, whichever is sooner.
- Insured Person - The individual who has purchased the travel insurance plan. Must be a permanent resident or citizen of India.
- Land/Sea Arrangements - Includes travel arrangements paid for in advance and made for the insured’s scheduled trip. Planned by a travel agent or other tour operating organisation buying travel insurance plan.
- Medical Expenses - This means the expenses incurred by the insured person because of a sudden illness or injury. A qualified doctor or medical practitioner must advise the required medical treatment.
- Medically Necessary - All tests, treatments, or hospitalisation necessary for the insured’s medical condition. Refers to the medical care and management of an injury/illness based on the advice of a medical practitioner.
- Notification of Claim - A necessary step for the insured in case they need to raise a claim. The insured must inform their insurer about the claim.
- Pre-Existing Condition - Refers to any injury, disease, or other related condition before policy issuance. If the insured has received medical treatment for the condition, they should inform the insurance company.
- Room Rent - In the case of hospitalisation, the daily cost an individual must pay to occupy their hospital bed. The hospital or medical facility charges fix this room rent.
- Serious Injury/Sickness - A situation when an injury or sickness threatens the insured. A qualified physician must declare this, stating that it is harmful to the insured’s life.
- Subrogation - When the insurer takes legal measures against a third party on insured's behalf. This happens if the third party has caused loss or injury to the insured person.
- Travelling Companion - Usually, two other people and the policyholder for the journey have booked travel tickets.
Some Myths about Travel Insurance
Before buying a travel insurance policy, you must be aware of how it works. Mentioned below are some popular myths that most people believe about travel insurance:
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Q. What is travel insurance?
Ans: Travel insurance is a policy that covers financial losses or unexpected events while traveling. This includes medical emergencies, trip cancellations, lost luggage, passport loss, and more.
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Q. Is travel insurance mandatory for international travel?
Ans: Not always, but it is mandatory for countries like:
- Schengen Area (Europe)
- Russia
- UAE (for visa)
- Turkey
- Some others require proof of insurance during visa application.
Even when not mandatory, it’s strongly recommended for financial protection.
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Q. Is travel insurance required for domestic travel in India?
Ans: No, it’s not mandatory. However, optional domestic travel insurance can cover:
- Medical emergencies
- Trip delays or cancellations
- Personal accident
- Baggage loss
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Q. What does travel insurance typically cover?
Ans: Common coverage includes:
- Emergency medical expenses
- Hospitalization abroad
- Trip cancellation/interruption
- Loss of baggage or passport
- Delay of baggage
- Personal liability
- Accidental death & repatriation
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Q. What is not covered (Exclusions)?
Ans: Common exclusions include:
- Pre-existing medical conditions (unless specifically covered)
- Travel for medical treatment
- Injuries from adventure sports (unless opted)
- War or nuclear risk
- Drug or alcohol-related incidents
- Self-inflicted injuries
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Q. How to choose the best travel insurance plan in India?
Ans: Compare based on:
- Destination (coverage must suit local healthcare costs)
- Duration of trip
- Sum insured
- Age and medical history
- Activities (adventure sports, trekking, etc.)
- Customer reviews & claim settlement ratio
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Q. How much does travel insurance cost?
Ans: It varies based on:
- Destination
- Duration
- Age of traveler
- Type of coverage
Rough cost: ₹500 to ₹2000 for a 1-week trip abroad.
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Q. Can I buy travel insurance after starting my trip?
Ans: Usually no. Most insurers require you to buy before departure. Some global insurers offer coverage during travel, but at a higher cost.
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Q. How do I make a claim?
Ans: Steps to make a claim:
- Inform the insurer ASAP (they provide 24x7 helplines).
- Submit required documents (medical bills, FIR, passport copy, etc.).
- Claims can be cashless (at network hospitals) or reimbursement-based.
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Q. Can senior citizens buy travel insurance?
Ans: Yes, many insurers offer senior citizen plans up to age 85 or more, often without medical tests. Premiums will be higher, and coverage might be limited.
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Q. What is a pre-existing disease in travel insurance?
Ans: Any illness or condition (e.g., diabetes, hypertension) you had before buying the policy. Some plans cover them with limits or extra premiums.
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Q. Is COVID-19 covered under travel insurance?
Ans: Most insurers now include COVID-19-related hospitalization and trip cancellations due to infection. Always check the latest policy wording.
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Q. What documents are needed to buy travel insurance?
Ans: Typically required documents:
- Passport (for international trips)
- Travel dates and destination
- Basic personal info
- Sometimes: medical history
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Q. Can I cancel the policy and get a refund?
Ans: Yes, before the policy start date, you may cancel and get a refund. Post-departure refunds are generally not allowed unless the trip is cancelled.