Travel Insurance – Ultimate Guide

Travel Insurance - Ultimate Guide

Love your life. Travel with insurance. Grab insurance that fits your needs. But are you one of those who have confusion about choosing the right travel insurance for your journey just because there are some types of travel insurance? Then do not worry, in this article, I m going to provide you with the ultimate guide for travel insurance. Let me enlighten you on the necessary tips and guides when securing travel insurance. Let’s go for Travel Insurance – Ultimate Guide!

Just like some insurances like life insurance and health insurance, you also need travel insurance for your journey. For long or short trips, travel insurance is your great companion. In today’s era, it becomes necessary that you enjoy your trip and come back safely and securely. And this travel insurance will give you safety and security for your trip. Worry no more about some expenses. Fingers crossed that you won’t be using the insurance. Nevertheless, get insurance just to make sure that you are covered safely.

Travel Insurance – Ultimate Guide

Travel insurance is necessary to travel in most countries of the world. And most people believe that travel insurance is necessary for their destination so let’s purchase it. But the reality is that it can be very helpful for your journey not only necessary. So after reading this article Travel Insurance – Ultimate Guide, you will know why and how travel insurance is important for your travel.

Why Do You Need Travel Insurance?

Before the ultimate guide, it becomes important for you to know why travel insurance is so important for your trip. Ok, let me explain. We are already suffering from covid pandemic since 2020. Some countries implemented some restrictions for locals and foreigners. Countries tighten their rules and procedures for people who are traveling out and in the country. People are eager to move again. People are craving to travel again. In any case, before traveling, sign up for travel insurance.

Hence, below are some of the major reasons why you should consider getting insurance:

  • You should always think positively in your journey. However, sometimes situations are not controllable. e.g. medical emergency. In such a situation, if you have taken your travel insurance, then the insurance company will provide you a cover equal to the sum insured for its treatment.
  • If the health facility where you are going is not good. In this case, it will be the responsibility of your insurance company to provide you with the best treatment on time in the nearest city or country.
  • If you are going to visit the countries of the UK or UAE, then it becomes mandatory for you to take travel insurance. The reason why all these countries keep the condition of travel insurance before giving visas to travel. They want to make sure that you are safe and have something to cover you in case of any emergencies.
  • The insurance provider will make sure you have access to any valuables or cash that are lost or stolen while you are traveling. They have every legal right to replace and return your lost property.
  • You will get compensation for any mishap like flight delays or cancellations, hotel and resort changes, trip cancellations due to any reason, or flight hijack. If your airline is not giving you any compensation like a refund, then the insurance provider will.
a couple, mountains range, top of the mountain.
A couple on the top of the mountain.
Photo via: adobe stock

Types of Travel Insurance

1. Domestic Travel Insurance

If you travel within your country, then you can take Domestic Travel Insurance. This insurance helps in dealing with many types of problems that may come up during your journey.

Coverage: Domestic travel insurance mainly covers personal accidents, accidental death, or disability. Coverage also depends on the place you are going to travel to and for how long your trip will be.

Duration: You can take this insurance on a daily basis. But, if you travel a lot in a year, then you can take insurance for the whole year also. It is more convenient for you.

Premium: The premium of domestic travel insurance depends on how long you are taking this insurance policy.

Age Limit: The policyholder should be at least 18 years of age to take advantage of this insurance. However, there is no age limit for those who are eligible for insurance coverage.

Benefits of Domestic Travel Insurance:

  • If there is a sudden need for any kind of immediate treatment during the journey, then your treatment will arrange. But, it does not include pre-existing diseases.
  • All hospitalization expenses include Domestic Travel insurance.
  • If your journey will cancel or delayed due to any reason covered in the insurance policy, then the insurance company will give you the expenses of your accommodation.
  • If for any reason you missed the flight, you will get the cost of the ticket. you can refund the whole cost from your travel insurance provider.
  • Payment of sum assured in case of loss of luggage in travel.
  • Provides travel expenses to one of the family members on hospitalization.
  • Compensation is also given to the family in case of death during the journey and the cost of reaching the dead body home. So, make sure to declare your dependent.

What not include in Domestic Travel Insurance:

  • If you are traveling against the doctor’s advice, or you are traveling with any pre-existing disease or symptoms of illness.
  • In Domestic Travel Insurance, even if you are traveling for the treatment of any pre-existing disease, you will not be eligible for the insurance claim.
  • If you are traveling with any dental disease.
  • If you are in any kind of intoxicated condition then you will not be eligible for the insurance claim.

In this Travel Insurance – Ultimate Guide, I have mentioned Domestic Travel Insurance on the first number. Because this travel insurance will be helpful if you are planning for your short picnic or vacation trip in your country.

2. International Travel Insurance

If you are traveling outside your country, then you should take International Travel Insurance. Whether you are traveling abroad for your business, education, honeymoon or to enjoy your vacation, International Travel Insurance will keep your journey safe and secure.

Coverage: In this insurance, they will cover a single person or more than one person. This insurance policy covers sudden illness, accidents, problems with checked-in luggage, and loss of any important document during travel.

Duration: The duration of this insurance policy depends on how many days you are going to travel. But if you are traveling for education, this policy will give you coverage for 2 to 4 years. Generally, this policy gives you coverage from the first day of the trip till the last day of the trip.

Premium: The premium of international travel insurance depends on the reason for which you are traveling, where you are going, is your trip single or multiple trips, and whether are you going alone or will someone else be with you.

Age Limit: Every company providing international travel insurance has different plans. According to the different insurance companies, the age of taking this plan is at least 3 or 6 months and a maximum of 60 to 75 years.

Benefits of International Travel Insurance

  • Covers hospitalization and treatment expenses in case of sudden illness while traveling.
  • Compensation will be given in case of disability or death due to an accident while traveling.
  • In case of death abroad, this insurance policy will cover the cost of transporting the body to its home.
  • If the journey will cancel or delayed due to the reasons covered in the policy, then accommodation expenses will be given to the policyholder.
  • If the connecting flight will be missed due to any reason given in the policy, then it will also cover the related expenses.
  • Money assistance in an emergency if money is stolen during travel.
  • Third-party will be covered also.
  • Most companies do not demand medical tests before an insurance policy.
  • Theft in the house during travel is also covered by this insurance policy.

What not include in International Travel Insurance

  • If you are traveling against the doctor’s advice, or you are traveling with any pre-existing disease or symptoms of illness.
  • If your passport is stolen or lost, if you do not report it within 24 hours, then the responsibility is not included.
  • Will not cover any damages caused while intoxicated or illegally.

3. Medical Travel Insurance

Medical travel insurance is for the cost of expensive treatment abroad. This insurance policy is also special for those people who often go abroad to get their treatment or any tests related to their health. Medical travel insurance is also important when there is not any treatment available for your disease in your country and you have to go to another country for its treatment. It can take any person going on a foreign trip, whether he is alone, with family, a student, or a senior citizen.

Coverage: Medical travel insurance covers per-hospitalization expenses and post-discharge expenses. And It also covers surgery or dental disease.

Duration: The duration of this insurance depends on the day of travel abroad.

Premium: The premium of this insurance depends on the day of travel abroad, and which plan of insurance you are going to choose.

Age Limit: Depends on which plan you are taking.

Benefits of Medical Travel Insurance

  • Covers per-hospitalization expenses and post-discharge expenses. Surgery or dental disease also will be covered.
  • The expense of one person also covers when a patient needs any family member while hospitalization.
  • If there is a delay in the journey due to the reasons covered in the policy, then the expenses associated with it are also covered by the insurance policy.
  • It covers pre-existing diseases also.
  • Expenses are also covered in case of death, accident, or return home due to any illness abroad.
  • Basic benefits of travel insurance are also available.

What not include in Medical Travel Insurance

  • Cosmetic surgery,
  • Accidents in risky sports,
  • Doing any illegal work,
  • self-harm,
  • Wounded in any type of war.

For more information about Medical Travel Insurance: Click Here

4. Student Travel Insurance

Student travel insurance is special for those students who travel abroad for studies. Students have to face many problems while studying abroad. In such cases, they can reduce this type of problem with the help of this insurance policy.

Coverage: Student travel insurance covers costly treatment abroad and hospitalization expenses, tuition fees, or credit card problems.

Duration: From one month to 2 years, with an additional 4 years of coverage.

Premium: Student travel insurance premium depends on the need, time, and convenience of the students.

Age Limit: Any student can take this insurance policy who has a student visa. In general, a student visa can obtain from 16 to 40 years.

Benefits of Student Travel Insurance

  • This policy covers the expenses if the student becomes sick or hospitalized.
  • Student Travel Insurance covers the travel expenses of one member of the family If the student needs a family member at such a time.
  • If the journey will be delayed due to the reasons given in the policy, then its expenses will also cover.
  • Students can take any plan according to their needs and facilities.
  • This policy covers the cost of a new passport if the passport is lost.
  • Also covers the expenses of lost luggage.
  • The tuition fees will be covered if any of the sponsors of the student dies or if studies are interrupted due to reasons given in the policy.
  • In case of death abroad, the cost of bringing the dead body home to its burial will be covered.

What not include in Student Travel Insurance

  • Slight damage to the luggage.
  • Any such disease or any such medical condition not previously mentioned.
  • Reasons that are out of the purview of the insurance policy.
  • Damage caused by doing any illegal work will not be covered.
  • In case of war, the claim will not be applied.

5. Senior Citizen Travel Insurance

Senior Citizen Travel Insurance is for people above 70 years. This insurance policy covers the main and basic facilities of senior citizens.

Coverage: Senior Citizen Travel Insurance covers illness, accident, or health-related problems during the journey.

Duration: The tenure of Senior Citizen Travel Insurance is from one month to one year.

Premium: Senior citizen travel insurance premium depends on the plan you choose, Convenience, what you are choosing, and for how long will the policy be.

Age Limit: The minimum age for taking this insurance policy should be 70 years and a maximum of 80 years.

Benefits of Senior Citizen Travel Insurance

  • It covers sick or hospital expenses during the journey.
  • It covers expenses if a return to the country due to a medical emergency.
  • If the journey will be delayed due to the reasons given in the policy, then its expenses will also cover.
  • You will get a discount on plane tickets and Tax benefits on premiums with Senior Citizen Travel Insurance.
  • This policy covers the cost of a new passport if the passport is lost.
  • In case of death abroad, the cost of bringing the dead body home to its burial will be covered.
  • Some insurance companies also provide you with the facility of cashless treatment abroad.

What not include in Senior citizen travel insurance

  • Illness or disease before taking an insurance policy.
  • eye disease,
  • Routine checkups or routine medicine.

6. Multi-Trip Travel Insurance

If you travel several times a year, then you do not need to take a separate policy, because the Multi-trip travel policy will cover all your travels of the year.

Coverage: This policy covers the journey of one person only for a year.

Duration: The tenure of Multi-trip Travel Insurance is from one month to one year.

Premium: The premium for multiple-trip travel insurance depends on where the trip is, how long, and what coverage you need.

Age Limit: The minimum age for taking this insurance policy should be 18 years and a maximum of 70 years.

Benefits of Multi-trip Travel Insurance

  • It covers sick, accident, or hospital expenses during the journey.
  • The facility of paying on a daily basis is also available if the hospital is continuous for more than 24 hours.
  • According to different plans, problems related to teeth are also included.
  • If there is a delay or cancellation in the journey due to the reasons covered in the policy, then the expenses associated with it are also covered by the insurance policy.
  • This insurance policy covers home theft, and personal accidents and payment of money will cover the case luggage is lost on the journey.
  • If needed, the travel expense of any one member of the hospitalized patient is also covered.
  • In case of death abroad, the cost of bringing the dead body home to its burial will be covered.

What not include in Muti-trip travel insurance

  • Illness or disease before taking an insurance policy.
  • any problem related to pregnancy.
  • cosmetic or plastic surgery.
  • damage caused by negligence.
  • Risky sport or any such adventure.
  • any act of opposition to the advice of the doctor.
  • Damage caused by doing any illegal work.
  • Damage caused by intoxication or suicide-related expenses.
  • travel to a war-like country.

7. Group Travel Insurance

If you are going to travel in your country or abroad in a group like a business trip or a trip with friends, then it is better that you take group travel insurance. This group is of 5 or more people and the best thing about this insurance is that you can also take it for single or multi-trip.

Coverage: This insurance policy covers many problems you may face in your journey.

Duration: The term of this policy is from the first day of your trip to the last day.

Premium: The premium of a group travel insurance policy depends on which plan you are taking, what is your destination, and how long are you taking.

Age Limit: The age of taking this policy is from 18 to 65 years. But if the age of a member is more than 65, then you will have to take coverage by paying a higher premium.

Benefits of Group Travel Insurance

  • This policy covers issues like travel delays, cancellations, or missed connecting flights. And if there is any such problem then you will be able to get the cost of staying in the hotel.
  • This policy also covers the facility to return home due to a medical emergency or any such problem.
  • Group travel insurance also offers the facility of cashless treatment in case there is a sudden need for any treatment during the journey.
  • No medical checkups or tests are required before taking a group insurance policy.
  • In case of death abroad, the cost of bringing the dead body home to its burial will be covered.

What not include in Group Travel Insurance

  • Illness or disease before taking an insurance policy.
  • If you return home early from your trip, you will not be entitled to a refund.
  • Loss of any ticket, key, credit card, or cash.
  • any problem related to pregnancy.
  • Damage caused by intoxication or suicide-related expenses.
  • travel to a war-like country.

Conclusion

So, now I am sure that you have no confusion about your travel insurance. Because in this Travel Insurance – Ultimate Guide, I have mentioned all the information from how and why to its coverage and what not coverage. Once again I want to advise you that always think about travel insurance before booking your flight, and avoid some mistakes while buying travel insurance. Along with this advice, you should also know how to claim your travel insurance.

Thanks for reading – Travel Insurance – Ultimate Guide!

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2 thoughts on “Travel Insurance – Ultimate Guide”

    1. Sure, Some insurance providers offer over 80s travel insurance to people with medical conditions – just make sure to declare all pre-existing medical conditions when you apply, or you risk invalidating your policy if you need to make a related claim

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