Types of Travel Insurance Plans Explained
There are a host of
insurances available currently that are packed with a lot of benefits to make your domestic or international travel a worriless experience. Keeping this in mind the insurance companies have come up with a different kind of insurance plan depending on the needs of the travelers. Below are the various options that you can choose from when traveling and get the maximum coverage for the risks involved.
Family travel Insu.: This insurance is ideal for people who travel with their families. When going on vacations you can opt for this insurance option. As the number of people traveling on a family travel are more and of different age groups the risks are many. Thus there is a dedicated policy for such a travel group.
The benefits of a family policy are:
€ One policy offering entire family coverage
€ Offers loss of baggage, mediclaim for every traveling member
€ The coverage period can be as short as a day and go up to even a few months depending on the travel duration
Student travel insurance: As the name suggests student travel insurance is for people who wish to pursue higher education abroad. As the duration of studies is generally a year one cannot afford to settle in a foreign land without insurance cover.
The benefits of students travel insurance are:
€ Coverage for loss of baggage
€ It acts as a Personal Accident Policy and also covers other medical emergencies
€ Family visit allowance which would be given in case the insured person is hospitalized and a relative needs to be by his side
Business travel insur.: This insurance type caters to people who frequently travel due to business reasons. As the frequency of traveling is high every trip has to be insured. Business Travel Insurance takes care of every trip as it generally covers a person for a time duration covering every trip made in that period.
Benefits of Business travel insurance
€ Doubles up as an accident policy in case the insured person meets with an accident
€ In case of loss of baggage and money some insurers also give the facility of bank cards
€ Benefits also extend to family members
The above discussed travel insurance options are some of the most common policies you can choose from when traveling alone or with your family. Often people pick the wrong insurance policy and realize this when they cannot get the most out of their policy. To avoid such a disappointment first have a look at your plan and the possible risk you would encounter and then choose a reliable travel insurance provider.
insurances available currently that are packed with a lot of benefits to make your domestic or international travel a worriless experience. Keeping this in mind the insurance companies have come up with a different kind of insurance plan depending on the needs of the travelers. Below are the various options that you can choose from when traveling and get the maximum coverage for the risks involved.
Family travel Insu.: This insurance is ideal for people who travel with their families. When going on vacations you can opt for this insurance option. As the number of people traveling on a family travel are more and of different age groups the risks are many. Thus there is a dedicated policy for such a travel group.
The benefits of a family policy are:
€ One policy offering entire family coverage
€ Offers loss of baggage, mediclaim for every traveling member
€ The coverage period can be as short as a day and go up to even a few months depending on the travel duration
Student travel insurance: As the name suggests student travel insurance is for people who wish to pursue higher education abroad. As the duration of studies is generally a year one cannot afford to settle in a foreign land without insurance cover.
The benefits of students travel insurance are:
€ Coverage for loss of baggage
€ It acts as a Personal Accident Policy and also covers other medical emergencies
€ Family visit allowance which would be given in case the insured person is hospitalized and a relative needs to be by his side
Business travel insur.: This insurance type caters to people who frequently travel due to business reasons. As the frequency of traveling is high every trip has to be insured. Business Travel Insurance takes care of every trip as it generally covers a person for a time duration covering every trip made in that period.
Benefits of Business travel insurance
€ Doubles up as an accident policy in case the insured person meets with an accident
€ In case of loss of baggage and money some insurers also give the facility of bank cards
€ Benefits also extend to family members
The above discussed travel insurance options are some of the most common policies you can choose from when traveling alone or with your family. Often people pick the wrong insurance policy and realize this when they cannot get the most out of their policy. To avoid such a disappointment first have a look at your plan and the possible risk you would encounter and then choose a reliable travel insurance provider.
