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December 8, 2010

Best Travel Insurance Options In India

Filed under: Business — Tags: , — Neetu @ 11:00 pm

A long vacation with family, an official tour or a trip to study whatever the reason, traveling abroad, is full of exciting times. So why let anything come between you and your trip abroad. Be it a loss of passport or a sudden ailment or even loss/delay of your baggage. leave all your travel worries to aside by taking a travel insurance and explore whole new destination with complete peace of mind. Today companies are coming up with range of great travel insurance plans covering pleasure and business travel.

People have a misconception that Travel insurance is a part of in any tour package, which is not true. Travel insurance is an insurance that is planned to cover financial, medical expenses, travel delays, baggage, trip interruption while traveling, either within one’s own country, or other country. Temporary travel insurance can usually be arranged at the time of booking of a trip to cover accurately the duration of that trip or a more extensive, or you can purchase from travel agents, travel insurance companies, or directly from travel suppliers such as tour operators. Travel insurance are provide many offers for a variety of travelers Student travel, business travel, leisure travel, adventure travel, cruise travel, and international travel.

travel_insurance

The most common risks that are covered by travel insurance are:

  • Medical expenses
  • Emergency evacuation/repatriation
  • Overseas funeral expenses
  • Accidental death, injury or disablement benefit
  • Trip Cancellation
  • Curtailment
  • Delayed departure
  • Loss, theft or damage to personal possessions and money (including travel documents)
  • Delayed baggage (and emergency replacement of essential items)
  • Legal assistance
  • Loss of Passport
  • Personal Liability
  • Financial Emergency Assistance

Typically travel insurance for the duration of a journey costs approximately 5-7% of the cost of the trip but you get adequate coverage for a premium you pay.

Optional coverage

Some travel policies will also provide cover for additional costs, although these vary widely between providers.

In addition, often separate insurance can be purchased for specific costs such as:

  • Pre-existing conditions (e.g. asthma, diabetes)
  • Sports with an element of risk (e.g. skiing, scuba-diving)
  • Travel to high risk countries (e.g. due to war or natural disasters or acts of terrorism)
  • Kidnap and ransom insurance

Common exclusions

Generally travel policies do not cover following risk:

  • Pre-existing medical conditions
  • War or terrorism – but some plans may cover this risk
  • Injury or illness caused by alcohol or drug use

There are many travel insurance companies offering all these services. Visit here to know more : HDFC ERGO, Travel Insurance, TATA AIG, ICICIlombard

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