We all have hectic life schedules, deadlines, work pressures
and a time table to follow.
And then, there is this time, a
few days off from all this chaos, amidst nature and leisure,
where we create memories to cherish with our loved ones.
The thought of packing for a trip, not following the hectic
time table itself, brings a smile on our face!
What is Travel Insurance?
Travel insurance is simple a means to protect our happy times
while travelling. Even if we know the country we are travelling to
fairly well or are very careful about our planning, there are always
certain things which are beyond our control.
Types of Travel Insurance
1) Corporate Travel Insurance
Under this plan, employees of an organization can receive coverage for
both domestic and international trips.
2) Domestic Travel Insurance
This insurance type offers coverage for death, permanent disability,
personal liability, travel delay, medical emergencies and checked-in
stolen or lost luggage.
3) International Travel Insurance
It gives a comprehensive coverage for medical costs overseas, trip
delays, loss of travel documents besides the regular coverage.
4) Senior Citizen Travel Insurance
The plan is designed for people who belong to the age group
61-70 years and provides coverage for cashless hospitalization
and dental treatments besides the general advantages related to
5) Student Travel Insurance
It needs less paperwork involved in online travel insurance
policies India and this comprehensive cover pay for expenses
incurred because of medical treatment, study interruptions and
6) Individual Travel Insurance
Under individual travel plan, insured is covered against
trip curtailment, trip cancellation and home burglary.
7) Family Travel Insurance
It covers baggage loss, hospitalization expenses and other
incidental costs. The claim disbursement is not difficult
with less paperwork involved.
Key Features of Travel Insurance
1) Travel health insurance for in-out patient hospitalization along with daily allowance
Under this plan, employees of an organization can receive coverage for both domestic and international trips.
2) Coverage for expenses related to trip delays
3) Coverage for loss of passport and luggage
4) for contingencies related to personal possession
5) Personal accident coverage in case of death or permanent disability
Beware of these five myths around term insurance
The basic worries of travellers include stolen baggage,
lost passports, cancelled flights and trip delays. These mishaps can
spoil perfectly planned vacations. Donâ€™t let such inevitable
incidences ruin the entire journey.
1)Pre-existing conditions resulting to hospitalization
2)Damage or loss of keys
3)Trains or flights missed because of civil war/local protests
Expenses incurred because of civil unrest or local protests
Customers should note that exclusions vary from one policy to policy.
FAQ's on Travel Insurance
From infants aged 6 months to 70 years old can avail of travel insurance
No, there is no medical examination required upto the age of 70 years.
Travel Insurance is not mandatory in India. However it is mandatory in
UK and countries like Austria, Greece, Portugal, Spain, France,
Germany, belgium, Luxemdurg, Netherlands.
However for a safe and peaceful trip, it is recommended that you
take a Travel insurance policy even if you are travelling to
countries apart from these.
Yes, passport loss is covered in the policy. It is covered under
the benefit of â€˜Loss of Baggage and Personal Documentsâ€™.
The assistance provider helps in contacting the consular authorities
in case of the loss or theft of an Insured Personâ€™s passport,
and arranging for its replacement.
This covers the insured person for the amount spent as cost of
replacement of articles if checked in baggage is lost or demaged.
The insured must keep the bills of such expenses for reimbursement
Depends on the duration and your age. Longer stay abroad needs higher cover.
Higher age would also demand a higher cover.
Awareness of travel insurance high, usage low: ICICI Lombard study
December 2, 2015 | Preeti Kulkarni , ET Bureau
Despite high awareness levels regarding travel insurance amongst
younger travellers, most shy away from buying the cover during
their trips abroad, a survey conducted by private general
insurance major ICICI Lombard has found. Over 90 per cent of
millennials polled said they were aware of travel insurance,
out of which only 40 per cent respondents had purchased the cover.
The awareness level has gone up significantly from last year's
survey, when it stood at 80...
Millenial Indians travel abroad more; favour Singapore, US'
December 2, 2015 | PTI
MUMBAI: Millenial Indians (those born after 1980) like to travel
abroad at least once a year and nine out of ten use their own
savings to fund overseas trips, a survey has found. This is in
sharp contrast to the older generation, 88 per cent of whom
hardly ever travelled abroad for leisure, ICICI Millennial
Travel Study said. The survey, conducted among 1,049 respondents
in the age group 25-35 years across Mumbai, Delhi, Hyderabad,
Bengaluru , Ahmedabad and ...
IRCTC to launch semi-luxury trains on desert and heritage trips
November 24, 2015 | PTI
THIRUVANANTHAPURAM:Indian Railway Catering and Tourism Corporation
Limited is gearing up to launch two premier train services that
will unveil the charm of the country's sprawling deserts and eclectic
heritage before its travellers. Both semi-luxury trains will depart
from New Delhi with an array of deluxe facilities across its five
days of round trip dotted with sightseeing facilities, an IRCTC
release said here today. "Desert Circuit" will cover Rajasthan's...
Things to know about buying travel insurance
September 23, 2013
Travel insurance protects a traveller in case of any medical or
financial emergency during an international trip. Travel insurance
is widely offered online as a convenient alternative for buyers as
no medical check-ups are required. Each individual must carry
only one policy. Resident Indians aged between three months
and 85 years are eligible for international travel insurance.
Personal details: The names, passport numbers, dates of birth,
contact details of travellers and...
Does your policy cover you against terror attacks?
November 23, 2015 | Preeti Kulkarni , ET Bureau
The Paris terror attacks, followed by the Ministry of Home Affairs
admitting the possibility of similar strikes in India have put the
spotlight on insurance against terrorism-related incidents.
"The incident could prompt travellers to recognise the importance
of travel insurance, even when they are going to countries where
it is not mandatory," says Nikhil Apte, Chief Product Officer,
Product Factory (Health Insurance), Royal Sundaram Alliance Insurance.
Travel insurance is...
Jet Airways rolls out package for Dubai Shopping Festival 2016
November 20, 2015 | PTI
NEW DELHI: Private carrier Jet Airways' holiday brand JetEscapes has
rolled out limited period all-inclusive holiday packages to attract
customers travelling to Dubai for the Dubai Shopping Festival next
year. The 'Free and Easy' package that starts from as
low as Rs 29,395 and includes a tour to the Dubai City,
are valid for travel between January 2 to February 1, 2016,
Jet Airways said in a release today. The packages include return...
Paris attacks fallout: Insurers foresee pick up in travel insurance
November 16, 2015 | Preeti Kulkarni , ET Bureau
MUMBAI:Insurers and industry-watchers expect a spike in demand
for travel insurance in light of terror attacks in Paris last
Friday, as international travellers wake up to the possibility
of such threats across the globe, including high-sought-after
destinations in developed nations. "The unfortunate incident
could prompt travellers to recognise the importance of travel
insurance, even when they are travelling to countries where
it is not mandatory," said...
Kuoni India launches enhanced version of its corporate travel booking tool
September 23, 2015 | ET Bureau
MUMBAI: Travel firm Kuoni Business Travel has launched an advanced
version of its corporate travel booking tool, Sonic 2.2. This tool
is an enhancement to its cloud-based corporate travel solutions
platform which was launches in 2012. The new platform encompasses
internet booking facilities using multiple sources of fares and
availability, combined with reporting and management capabilities.
"India has emerged as one of the top...
Regulations have made health insurance industry customer-centric: K K Mishra
August 24, 2015 | Preeti Kulkarni , ET Bureau
Service levels have improved in the health insurance
space and it is seeing a growth in number of younger
customers, but fradulent claims and inflated hospital
bills remain challenges, K.K. Mishra , MD & CEO,
Tata-Aig General Insurance tells Preeti Kulkarni.
What are the implications of the Insurance (Amendment)
Act 2015 for policyholders? The Act is very much amended,
but the rules are still being framed.
The regulator has been issuing...
Paytm working on plan to insure bus passengers
August 20, 2015 | Shilpy Sinha , ET Bureau
MUMBAI: The next time you miss a bus, there could at least be
some consolation. You could get the money back. Paytm , the mobile
wallet and ecommerce company, is working on a plan to introduce
insurance cover for bus passengers against a range of risks,
such as accidents, missed travel, cancellation of ticket and
loss of baggage. "We are in talks with (insurance) companies
to provide insurance cover for bus passengers," said Shankar
Nath, Paytm's senior vice-president.
Jet Airways unveils new website offering one-stop solution for travellers
July 1, 2015 | Anuradha Himatsingka , ET Bureau
KOLKATA: Jet Airways launched its new website jetairways.com,
built around the theme 'designed to delight.
'The all new website features user friendly navigation,
simplified and integrated booking process and responsive
design for a seamless experience across desktops,
tablets and smartphones. The mobile-first design
approach offers guests an improved interface for a
consistent experience across devices. In addition,
the new website also...
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