If you are considering travelling, whether it be within the country or outside of it, purchasing a policy that covers travel is highly recommended. Many travel insurance types are available to Indian citizens, including domestic travel insurance, international travel insurance, medical travel insurance, and travel insurance for senior citizens.
Regardless of whether you are travelling for business or pleasure, buying travel insurance is the first thing you should do to protect yourself against a variety of risks and financial losses that could arise during the course of your trip. These problems could include things like lost luggage, medical emergencies, and theft. You have access to a wealth of travel insurance plans and can make your selection from among them based on the requirements that are most important to you.
Continue reading to find out more:
- Domestic travel insurance plan
Customers who plan to stay within the borders of the country are the target audience for this particular travel insurance from India. The purchaser of a policy for domestic travel insurance can be shielded from financial responsibility for costs associated with the treatment of a medical emergency, the theft or loss of baggage and other valuables, the delay or cancellation of flights, the onset of a permanent disability, and personal liability. Personal liability refers to any harm that you cause to a third party while you are on your trip.
- Travel insurance for international destinations
This policy was developed taking into consideration the needs and preferences of customers who are going to be travelling internationally. In addition to the standard coverage that is provided by its domestic equivalent, an international travel insurance policy protects you (the policyholder) against risks such as being kidnapped on a flight, being sent back to India, and other similar scenarios.
- Travel insurance for medical purposes
This travel insurance policy was developed specifically to cover expenses resulting from medical emergencies and other healthcare concerns, as indicated by the policy’s name, which serves as a marker. However, the precise list of covered things and exclusions will differ from one insurance provider to the next.
- Travel insurance for groups of travellers
Imagine a team of employees who are sent out of the country to take part in a conclave that is being held there. In this kind of scenario, it would not make much sense for each person in the group to buy his or her own travel insurance policy – for the simple reason that doing so might result in premiums that are significantly higher than they would otherwise be.
A group’s travel insurance benefits far outweigh other policies in this situation because it can help you save quite a bit of money on premiums without requiring you to make any sacrifices in terms of the protection it provides against unanticipated or unfavourable developments that may take place during the course of the trip.
- Travel insurance for senior citizens of the United States
A travel insurance policy that is designed for senior citizens (typically those who are between the ages of 61 and 70) provides additional protection against dental treatments and procedures, as well as cashless hospitalisation. This is in addition to the benefits that are typically associated with purchasing travel insurance.
- Travel insurance for single and multiple travel options
The travel insurance benefits that can cover only one trip will continue to be valid for the entirety of that one trip, as suggested by the policy’s name. A multi-trip travel insurance policy, on the other hand, offers extended coverage, relieving frequent fliers of the need to go through the entire process of acquiring insurance every time.
* Standard T&C Apply
** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.
# Visit the official website of IRDAI for further details.
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions,
limitations, terms, and conditions, please read the sales brochure/policy wording carefully
before concluding a sale.
