How Does Travel Insurance Protect You?

The Buyt Desk

Insurance act as a hedge in life. We cannot control time, but with insurance, we can reduce the suffering of our loved ones after us by providing them with financial stability. Travel insurance is insurance that protects you during travel. It covers you and your family against unforeseen situations. This insurance comes in the general category and is available for domestic and international travel. With travel insurance, you can manage loss due to uncertainties such as death during the journey, illness, cancellation of the ticket, etc.

In India, you can find four types of travel insurance plans, domestic travel insurance, medical travel insurance, international travel insurance and senior citizen travel insurance. Let’s check the details of each one.

Domestic Travel Insurance – This insurance covers you and your family against uncertainties during your travel within India. The uncertainties could be baggage loss, theft, ticket cancellation, third-party damage, etc. With domestic travel insurance in hand, you can claim the loss.

International Travel Insurance – This insurance guard you against any unforeseen situation during your international travel.

Medical Travel Insurance – This insurance is for those travelling abroad for medical reasons. The insurance guard against treatment in an emergency. This insurance comes with many terms and condition which differs from policy to policy.

Senior Citizen Travel Insurance – As the name implies, this insurance is exclusively for senior citizens between the age of 60 to 70 years. In this plan, the insured gets facilities like cashless hospitalization and additional coverage according to needs.

These are four major types of travel insurance. The insurance companies have further categorized domestic and international travel insurance into sub-divisions, which are as follows-

Single Trip Insurance – It is one-time travel insurance for an individual travelling one side or both. When you check or uncheck the insurance option in train and flight ticket booking, you agree or disagree with this insurance.

Multi-trip Insurance – This insurance is for travellers who travel frequently comprising domestic and international.

Group Travel Insurance – This insurance plan is for people travelling in a group. The regulations in this policy differ according to the number of members in the group and the place.

Education Travel Insurance – This insurance policy is for students going abroad to pursue higher studies. It is for a duration range from 30 to 45 days maximum.

How to Buy a Travel Insurance

Travel insurance can be purchased while booking tickets, tour booking or directly from insurance providers.

When you buy an insurance policy from an insurance provider, you get options to select a plan that offers you the maximum benefits. There is a variety of travel insurance policies present to choose from.