Best Travel Insurance

While traveling to a foreign country, you should find the best travel insurance online for different circumstances. We provide the travel insurance premium calculator for the policy. The international lic travel insurance policy coverage includes accident and hospitalization expenses, sickness and medications, repatriation of remains in case of death, loss of checked baggage, passport loss ....

Types of travel insurance plans in India
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Thanks to the rapid technological changes, the world is indeed becoming a global village. As a result we often see people traveling to remote corners of the globe, to different countries both for work as well as for vacations. Indian have taken to this travel bug with gusto. Traveling overseas from India or travel within India has grown exponentially in the past few years.
However, while traveling care should be taken to handle unforeseen emergency medical expenses which otherwise can create a big hole in your wallets. Based on the traveler needs there are different insurance plans that are provided by IRDAI licensed Indian insurance companies (both public sector and private Insurance players). The public sector insurance companies include United India, National insurance, Oriental insurance . There are many private insurance players, some of the notable ones include TATA AIG , Bajaj Allianz, ICICI Lombard, Reliance, HDFC Tokio, Future Generali, Religare etc.. The travel plans offered by these Indian insurance companies could be for single trips, or for multiple trips overseas, they could be for individuals or for families traveling together, different policies have also been designed for different age groups and based on the travel destination (within Asia, travel to Schengen states in Europe, travel to the USA etc..).
Single Trip travel insurance vs Multi-Trip travel insurance
Single trip travel insurance covers the traveler for any unforeseen emergency medical expenses during ones travel outside India for the insurance coverage duration which is stated in the policy. These are also popularly known as round trip insurance as they insure the traveler onward from India for the duration of his/her stay overseas back to his/her return to India. Individual travelers or family members can buy this type of insurance cover when they are going abroad. The duration of coverage is usually the length of the journey, and the maximum available duration usually is 180 days but this varies from company to company.

The other type of travel insurance is the Annual multi trip travel insurance which is suitable for business people who travel overseas frequently but for shorter stays. The Annual Multi trip travel medical insurance as the names suggests is a policy for a whole year and covers the traveller emergency medical expenses when the traveler is overseas, however the coverage for each overseas trip is limited to the trip period slab selected. The trip period varies for different companies but is usually 30, 45, 60 and 90 days.

There are also single trip and multi trip plans providing coverage within India only. These are for Indian citizens traveling within India for accident medical expenses only.
International Travel insurance vs Domestic travel insurance
International travel insurance popularly known as overseas travel medical insurance insures travelers for emergency accident and sickness medical expenses overseas. Expenses for more than 24 hours hospitalization is cashless after the deductible is paid, however doctor visits/physician visits and other outpatient medical expenses are on a reimbursement basis beyond the deductible amount. The deductible is the minimum amount the policy holder has to pay for before the insurance company pays for any expense. However there are a few companies which offer completely cashless plans even for outpatient medical expenses. Once the traveler enters into a contract with the insurance company for his/her insurance, the insurance company provides him/her the policy copy which has the complete details of the coverage and the relevant toll free numbers where he/she should contact in case of a medical emergency or any other situation resulting in using the policy. The traveler can typically get insurance coverage for a maximum of six months and later on renew it for another six months. But this varies from company to company and it also varies with the age of the traveler. There are few companies which offer insurance for 360 days at one stretch depending on the travelers age. The travelers visiting Australia also can get travel medical insurance for one year.

Domestic travel insurance is for Indian citizens traveling within India. Currently domestic travel insurance covers for medical expenses only due to accidents. It does not cover sickness medical expenses. This provides coverage for medical expenses incurred towards the treatment due to accidental injuries while traveling by rail / road / air during the tenure of the policy. These plans also cover for baggage loss, missed departure, trip delay, trip cancellation, bounced hotel bookings and more.
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