Keeping in mind the modern day lifestyle and its hazards, an effective travel insurance plan is important to have a safe trip. Some of the perils faced by travelers and passengers are the loss of passport, baggage, hospitalization and flight delays. In today's polarized world, issues of concern are much more serious. Threats of theft, smuggling and hi-jacking are dangerous situations. Such kind of anti-social activities are not limited to any national and international boundaries. A safe travel insurance plan is just a way to ensure your safety on your trip.
The Travel Insurance Industry
Travel insurance undoubtedly is a flourishing industry. Every insurer today is working his best to come up with their best plans, keeping in mind 'customer value'. These plans aim to cover all possible risks related to travel. You always have the option to select the policy that suits your requirement. Famous companies have come up with different insurance schemes keeping in mind the changing needs of people.
How do Travel Insurance policies work?
In order to avail a plan, you need to choose a policy that fits your purpose with any established insurance company. Your contract with the company, assures you the coverage of certain belonging, if something unfortunate happens on your trip. If you face any problem that the policy states to cover, you can make a claim. The insurer does the payment.
What does a Travel Insurance Plan cover?
Not all policies provide coverage for the same protection. They vary according to the insurance companies as well as plans. The basic benefits that you can expect are listed below-
Coverage for Theft and Loss
This plan helps if you loose any personal belonging or luggage or even if they are stolen.
Coverage on Travel Delay
This policy helps the passenger in case flight miss or delay.
Health and Medical Coverage
This covers the treatment cost and all other medical expenses that might be required if a passenger falls ill on the trip. The same is applicable if there is an accident.
Coverage for Public Liability
This plan is specially designed to cover the costs in case the holidaymaker is prosecuted for harming others.
Coverage on Cancellation
If you have to cancel a trip due to any illness and any other personal cause, then this policy is of great help.
Top Travel Insurance Plans
If you have been wondering how to go about choosing a perfect travel insurance policy, then you can look at the list below. Names of esteemed brands have been given with the various insurance products they offer.
Reliance General Insurance Co. Ltd.
Reliance Travel Care Insurance -Student
Reliance Travel Care Insurance -Individual
Reliance Travel Care Insurance -Asia
Pravasi Bhartiya Bima
Bajaj Allianz General Insurance Co. Ltd.
Swades Yatra
Travel Asia
Travel Companion
Travel Elite
Travel Assist
National Insurance Co. Ltd.
Overseas Mediclaim
Baggage Policy
IFFCO TOKIO General Insurance Co. Ltd.
Travel Insurance
ICICI Lombard General Insurance Co. Ltd.
Student mediclaim insurance
Domestic Travel Insurance
Overseas Travel Insurance
The New India Assurance Co. Ltd
Overseas Mediclaim Policy
Baggage Insurance
Royal Sundaram Alliance Insurance Co. Ltd.
Travel Insurance
Star Health & Allied Insurance Company Limited
Travel Insurance -ICorporate
Travel Insurance -IFamily
Travel Insurance -IStudent
Travel Insurance 'Individual
Apollo DKV Insurance Company Limited
Easy Travel - Senior Citizen
Easy Travel - Family
Easy Travel - Individual
Easy Travel -Annual Multi Trip
Cholamandalam MS General Insurance Co. Ltd.
Chola Travel Insurance- Individual
Chola Travel insurance- Multi Trip
TATA AIG General Insurance Co. Ltd.
Domestic Travel Guard
Travel Guard
Student Guard
Asia Travel Guard
HDFC ERGO General Insurance Co. Ltd
Domestic Travel Insurance
Annual multi-trip Business Travel Policy
International Business Travel Policy
United India Insurance Co. Ltd
Marga Bandhu Policy
Suhana Safar Policy
Baggage Policy
Overseas Mediclaim Business and Holiday
The Oriental Insurance Co. Ltd.
Suhana Safar Domestic Policy
Overseas Mediclaim Business and Holiday
Overseas Mediclaim Employment and Study
Things to Consider
You might consider few things before selecting the best travel insurance plan for yourself. Some of the important aspects to mull over are the coverage schemes. There are plan that offer specialist protection and some provide general coverage. Once you have analyzed which policy to purchase, its best to compare price before finalizing the deal.
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