TomorrowMakers

• Travel insurance is mandatory in many countries and covers various emergencies during travel.

• Inclusions include medical and financial losses, lost luggage, flight delays, etc.

• Top travel insurance plans for 2023 include New India, Tata AIG, Reliance General, and Oriental Insurance.

Travel insurance is essential for both domestic and international trips, providing much-needed protection in case of unexpected emergencies. Many countries also require Indian tourists to have travel insurance, with at least 34 nations mandating the policy for a visa.

What is travel insurance?

Travel insurance is an insurance product that covers various types of emergencies that a tourist may face during the course of their travel. While travel insurance has traditionally been purchased only when mandated by the destination country, more travelers are now choosing to secure their trips with insurance regardless of the requirement.

Travel insurance is a versatile product that is designed to cover medical as well as financial losses. Its precise inclusions and exclusions may vary from one policy to another.

Also Read: A beginner's guide to travel insurance

Inclusions

The coverages typically included in a travel policy are:

• Compensation for lost and delayed luggage

• Expenses and assistance incurred due to lost passport

• Additional costs incurred due to flight delays and cancellations

• COVID-19 coverage includes trip cancellation due to a COVID-19 diagnosis, extension of the trip due to lockdown, and coverage for treatment if diagnosed during the trip

• Coverage for medical emergencies like accidents

• Medical evacuation back to India and repatriation of mortal remains

• Any other coverages provided by the insurer and add-ons opted by the policyholder.

Exclusions 

Pre-existing medical conditions, dental treatments, mental or emotional conditions, and coverage of specific belongings like cash, jewellery, hearing aid, etc. are some of the common exclusions in travel insurance policies.

Also Read: 4 things to know about senior citizen travel insurance plans

Top travel insurance plans for 2023

1. New India Insurance - The Overseas Travel Ease plan starts at a premium of Rs 1,697

2. Royal Sundaram Insurance - The Travel Secure plan starts with a premium of Rs 1,624

3. Tata AIG Insurance - Travel Guard Silver Plus plan starts at a premium of Rs 1,637

4. Reliance General Insurance - The Travel Care Individual plan starts with a premium of Rs 1,448

5. Niva Bupa Insurance - The Travel Assure Pro plan starts with a premium of Rs 1,243

6. Cholamandalam Insurance - Overseas Travel Protection - Silver plan starts at a premium of Rs 1,124

7. Oriental Insurance - Business and Holiday - Gold Plan B plan starts with a premium of Rs 1,311

Selecting the right travel insurance plan is crucial for a stress-free journey. With the different types of travel insurance plans in India, it's important to choose the best one that meets your needs. Secure your trip by selecting the right international travel insurance plan.

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