TRAVEL INSURANCE

MEANING OF TRAVEL INSURANCE

 It is a type of insurance that covers different type of risks that
might occur while travelling.
 So, it is basically used so to make trip successful.
 It usually covers medical expenses, lost luggage, trip
cancellations, etc. which might occur at the time of travelling.
TYPES OF TRAVEL INSURANCE
1) Single trip: It covers only single trip with fixed duration period and, it
can cover up to 10 travelers.
2) Annual trip: It covers as many trips you can take within1year and the
time limit for a specific trip is 30/45/60 days.
3) International trip: It is used for travel outside the nation. It provides
coverage for medical expenses, hijack, baggage delay and loss of
passport.
4) Domestic trip: It is used for travel within nation. It provides coverage
for medical emergency, permanent disability and death, stolen
baggage, delay in travel and personal liability.
5) Family trip: It is used in the case when whole family is travelling for
vacation. It covers 2 adults and up to 4 children in trip.
6) Student trip: It is basically designed for students who are staying in
abroad for education purpose.
7) Corporate Trip: It is designed for business people who require
travelling for the purpose of work.
8) Senior Citizen trip: For those persons who are 65+in age group. It
provides coverage for dental treatments and cashless hospitalization.
COVERAGE OF TRAVEL INSURANCE
 Inclusions of Travel

Insurance
1 Loss of baggage- It is covered under the policy when baggage is lost while
travelling.
 2 Baggage delay- In this situation, compensation is given for items in the
baggage such as worn clothes.
 3 Flight delay- In this situation, insurance company will book a new flight.
 4 Trip Cancellation- In this situation, price of new ticket will be given by
insurance company.
 5 Loss of Passport- It may happen due to baggage lost so, compensation
would be given for new passport.
 6 Hijacking- It compensates for emotional distress caused due to this activity.
 7 Credit card theft- In this situation, the insurance company will pay money for
emergency.
 8 Home burglary- It may happen when house is left out and the family is going
out for vacation.
 9 Personal Liability and Third Party cover- It gives security for unwanted risks
that may arise while travelling in an unknown place.
 10 Personal injuries- It is covered when injuries are done in trip.
 11 Interruption of studies- In this, compensation for the tuition fees is given..
 12 Medical emergencies- It is covered in this policy.
 13 Accidental Death- In this case, the amount is transferred to insured’s
nominee.
 Traveler’s pre-existing health condition.
 Pregnancy and childbirth.
 Coverage for adventure or dangerous activities.
 Civil and political unrest at traveler’s destination.
 Expensive items such as- jewelry, watches, laptop, mobiles, etc.
are excluded.
FEW POINTS TO CONSIDER BEFORE
PURCHASING TRAVEL INSURANCE

 Inform full medical history to the insurer.

 Read all the details mentioned in policy before purchasing it.
 Consider coverage part more rather than its price.
 Understand the claim procedure.
 Price of the policy is decided on the basis of-
 Travel frequency
 Travel destination and duration
 No. of travelers going.