Understand the difference between domestic and international travel  insurance

What is travel insurance?

Many businesses that sell tickets or vacation packages offer their customers the chance to buy international travel insurance, commonly known as travellers insurance. Some travel insurance policies cover loss or damage to baggage, rented vehicles, and even the cost of paying a ransom.

Travel insurance is frequently offered as a bundle deal and can cover a variety of situations. Trip cancellation or interruption insurance, baggage and personal effects insurance, medical expenditure insurance, and accidental passing away or flight accident insurance are the four basic forms of travel insurance.

Emergency services like replacing lost passports, helping with money wires, and rebooking delayed flights are frequently included in the coverage. Additionally, some travel insurance packages may give protection for expenses that are refundable in other ways, duplicate existing coverage from other carriers or senior citizen travel insurance.

Read the fine print to comprehend the cancellation policy and any applicable coverage limits or exclusions before acquiring international travel insurance.

  • Baggage and personal effects coverage

A traveller is compensated for paid, nonrefundable travel expenses through trip cancellation insurance, also referred to as trip interruption insurance or trip delay insurance. The allowed reasons for cancellation and interruption and the eligible reimbursement amount vary between providers. The most frequently cited valid justifications include sickness, someone passing away in the immediate family, unforeseen business conflicts, and weather-related issues. *

  • Coverage for baggage and personal effects

Personal items that are lost, stolen or destroyed while travelling is covered under baggage and personal effects coverage. It might cover protection on the way to and from a location. Most transporters, including airlines, compensate travellers if their fault results in baggage being lost or damaged. The amount of reimbursement can, however, be subject to restrictions. Therefore, coverage for personal goods and bags adds another level of security. *

  • Major medical and temporary medical coverage

Short-term and major medical coverage are the two main categories of medical online travel insurance policies. Depending on the policy selected, short-term insurance covers a traveller for anywhere from five days to a year. *

Major medical insurance is for travellers who want to go on journeys lasting six months to a year or more. Additionally, senior citizen travel insurance is also offered

Since the government neither insures people nor covers medical expenses paid abroad, the U.S. government advises citizens to check with their medical insurance providers before leaving the nation to ascertain whether a policy extends its coverage outside of the country.

For instance, in the United States and Canada, medical insurance may cover the insured, but not in Europe. Additionally, in order for the coverage to stay valid, some health insurance providers may need prior approval. *

Coverage for accidental passing away and flight accidents

An accidental passing away and flight accident coverage pays benefits to surviving beneficiaries if an accident causes the traveller’s passing away, permanent disability, or serious injury. For accidents and fatalities that happen during flights on a certified commercial airliner, flying accident insurance offers coverage. There will be some general exclusions, such as passing away from a drug overdose, illness-related mortality, etc. *

If you currently have life insurance, accidental passing away coverage might not be required. However, the advantages provided by your travel insurance from India policy may outweigh those provided by your life insurance, leaving your beneficiaries with a larger sum of money. *

Purchasing travel insurance

Coverage is offered for annual, multiple, and single trips. Per-trip insurance covers a single trip and is the best option for travellers who don’t travel frequently. Multiple visits throughout the year are covered by multi-trip insurance, although no one trip can last longer than 30 days. Regular travellers should purchase annual coverage. It offers all-year protection. *

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

By Rehan

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