Last Updated on March 24, 2020 by Gopal Gidwani

When the term ‘insurance’ is mentioned, a lot of people first think of vehicles. This is because these are the most insured instruments in our daily lives. However, you also have something called travel insurance that serves to protect you from unforeseen risks and losses that can take place during a domestic or international journey.

Some of these risks may include baggage delay, flight cancellation, damage of goods, development of health complications and issues, etc. This insurance is customized to cover a range of factors. Depending on the plan, insurance can prove to be of great help during emergencies. They also monitor the progress of the care given to their clients who may have been admitted as a result of an accident while travelling. If any other type of damage takes place during your trip, travel insurance also helps finance the same.

Different types of travel insurance
Individual travel insurance: This particular plan covers a single person. Traveling alone can be fun for whatever purposes, whether a solo trip or for business, but safety comes first. As an individual traveller, you might want to protect yourself from unfortunate events. Most people who travel for business may need their employer to be responsible and provide this insurance.

Family travel insuranc: For a family that is travelling together, a family insurance plan is an ideal plan that will safeguard all your loved ones under a single cover. Travelling with your family is a sensitive affair. Therefore, lacking an insurance cover may fill you with a lot of fear due to the uncertainties and limit your enjoyment.

However, when you are covered as a family, you get the peace of mind with the knowledge that the insurer will help you deal with any emergencies that come forth.

Student travel insurance: Students have special needs during travel such as safeguarding important documents, etc. Due to the increased number of students looking to study abroad, student travel insurance has proven very important in today’s world. This insurance plan covers the critical travel needs associated with student life because emergencies can really affect them due to low financial stability.

Multi-trip insurance: This cover is ideal for people who travel frequently. Multi-trip insurance offers coverage for multiple trips for a certain number of years depending on the insurance company and saves you from applying for insurance repeatedly. This saves time as well as resources needed for frequent application of insurance.

Inclusions in travel insurance
a) Emergency medical treatment during travel, including dental expenses, medical clearance, etc.
b) Coverage for accidental deaths
c) Permanent disablement
d) Flight cancellation/delay
e) Luggage loss/delay
f) Emergency financial needs
g) Personal liability
h) Loss of important documents like passports
i) Cover for study interruption
j) Bail bond

There are limitations on the nature of the emergencies that this insurance covers. Any emergency and need arising from personal irresponsibility like injuries from adventure sports, suicidal attempts, and accidents arising as a result of drug consumption are not covered by most insurers.

It is always advised to seek a insurance policy every time you travel to be safe from distress arising during travel. Older people have different requirements than others. They need not buy the usual coverage as it might prove to be insufficient for them. Travel insurance for senior citizens is what will suit them best.

Always analyse your requirements and purchase insurance online in a few clicks. In case of any queries, you can visit your preferred insurer’s website and contact their executive directly.