The Importance of Travel Insurance

Travel has never been a matter of money, but a matter of courage. To travel is to inspire and be inspired. However, Travel brings with it, its own share of uncertainties and challenges. These challenges could be in the form of either natural disasters or man-made disasters. It is therefore found necessary to be well equipped and well prepared to meet any eventualities and emergencies while on Travel. This is where a Travel Insurance plays a huge role.

Travel Insurance is an insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling,Usually, Travel Insurance is arranged at the time of the finalising or booking of a trip, to cover exactly the duration of that trip, or a “multi-trip” policy, that can cover an unlimited number of trips within a set time frame. There are many Travel Insurance plans available to choose from but the most critical part to be considered here is what benefit each plan brings and what criticalities each plan covers as this varies with the type of travel insurance plan, one may choose.

What does a Travel Insurance generally cover?

This is a basic question a frequent traveller needs to ask and get answers for. The diagram below gives us an indication.

With the advent of Technology, choosing and buying comprehensive travel insurance is just a few clicks away and can be done from the comforts of your home or office.  The Travel Insurance online facility extended by almost all travel agencies or websites enables a customer to choose the best travel insurance package that suits him, by comparing against the various packages, offered by different companies.

To buy a travel insurance online, there are few steps to be followed. For the benefits of our readers, we detail them below;

  • Choose the company from which you want to buy the travel insurance from
  • Finalise the type of travel insurance plan/package you want to go in for as different companies offer different types of packages.
  • You may then click on either of these tabs present on the web-page; ‘buy policy’, ‘buy now’ or ‘buy’.
  • You will now be required to answer some basic questions with respect to your travel
  • Fill in the details correctly and click on an option, ‘ get quote’ displayed in most of the web pages
  • You will now receive a travel estimate.
  • Once you approve the estimate, you may take the next step to make the payment online by choosing the mode of payment you prefer, i.e. credit card/debit card /fund transfer etc.
  • On successfully making the payment, you will receive a confirmation and an online acknowledgement which you would have to retain till the end of your travel.

Over the years, India has emerged as one of the most preferred travel destinations as much as Indians prefer seeing the world’s best places.  With the amount of travel, Indians themselves are subjected to, within India, need for a travel insurance while travelling within India itself has gained massive importance.  With many companies entering the market with attractive travel insurance benefits, it is all the more important to pick and choose the company which offers the best travel insurance.

Readers can take a look at the table below which is a ready reckoner and gives the names of some leading companies and the eligibility criteria to buy travel insurance.

Companies Eligibility Medical Check up
SBI 6 months- 70 years Not required
Tata AIG Upto 70 years N/A
Bajaj Allianz Upto 75 years N/A
HDFC Ergo 6 months-70 years Not required
Bharati AXA 3 months-60years N/A
Future Generali 6 months -80 years N/A
Iffco Tokio Not specified Not required
Cholamandalam 3 months -80 years Not required
Appolo Minuic 6 months – 70 years N/A


Travel Medical Insurance benefits travellers suddenly falling sick or meeting with an accident. Some travel insurance policies cover pre-existing illnesses as well on the payment of extra premium. The coverage of medical travel insurance focusses on the medical expenses incurred in case of sudden illness or injuries during your trip. Travel health insurance provides both pre and post hospitalization expenses. It provides whole financial protection for medical treatment as well as cost of carrying a patient to the hospital by reimbursing ambulance charges. Medical travel insurance provides protection in case of temporary and permanent disability as well which can hinder future of the insured individual.

Equally valuable and even more important to have travel insurance is on overseas travel. The international travel insurance helps you have a safe trip by extending lots of benefits. The overseas travel ensures covers your medical expenditure, trip cancellations or delays and many more. Here are some key benefits of having International Travel insurance.

  • Overseas travel insurance provides cover for any medical emergencies like hospitalization, when overseas
  • International Travel Insurance takes care of loss of baggage, loss of travel documents and trip cancelation.
  • International travel insurance also covers personal accidents and emergency financial requirements.

However, overseas travel insurance will not be applicable to those travellers who wish to travel without the consent of their service provider.

Travel Insurance – Frequently asked questions

How can I calculate the premium for my travel insurance policy?

There are certain on line tools like the travel insurance premium calculator which can assist you calculating the premium online.

What is the age limit desired to be covered under individual travel insurance policy?

The minimum age limit for coverage starts from 6 months and is valid upto 75 years.

Will I be covered under any travel insurance if I am travelling overseas for medical treatment?

No. Expenses for visits overseas, exclusively for medical treatment, is not covered by travel insurance

Is Repatriation of remains of an insured person, in the event of his unfortunate death, while on overseas visit, covered by the Overseas Insurance policy?

Yes. This is covered by the Overseas Insurance policy.

Does International Travel Insurance cover any legal liabilities due to damage of property overseas, by the insured, while on visit?

Yes this facility is extended by any overseas insurance provider.