There are two types of coverage: medical expenses, which cover any accidents that occur while travelling to any location OR domestic and foreign insurance with medical-related emergencies.
The ideal product is based on where you’re going and how long the trip will take. For instance, if you are travelling as a tourist in a few European countries, basic travel insurance that covers basic benefits will be sufficient. The US authorities, however, look for specific benefits, like pre-existing conditions, trip cancellation benefits, etc., especially if a senior citizen is visiting his family there. The student segment is a recent one that has gained prominence since the pandemic. *
Regarding domestic and international travel insurance, what types of coverage are we referring to?
Whether you are travelling inside India or outside of India, there are two different types of coverage available. The first type of coverage is medical expenses, which cover any accidents or medical emergencies while travelling to any location, domestic or foreign. Any evacuation resulting from a dangerous circumstance or a natural disaster is acceptable. You may experience any accident or dental procedure. These are the primary coverages that are included in travel insurance. *
The second is extremely important. The fact that there are financial risks involved when travelling is crucial for users to comprehend. Loss of personal belongings, delayed or lost baggage, and misplaced passports are all possible. These are specific types of unknown or uncommon benefits that individuals should be aware of and should enquire about while travelling internationally, especially since the cost associated with meeting that particular constraint is very significant to them.*
How do you decide which insurance policy is ideal for you and what features you need to make sure of based on the trip you have planned? The answer is dependent upon where you’re going. The length of the journey is another factor. For instance, if you travel for leisure to, say, a few European countries, a specific travel insurance policy covering the essentials will be adequate.
However, let’s say a senior citizen is visiting family in the US and is looking for specific benefits, such as those for pre-existing conditions and trip cancellations. Even during compassionate visits, for instance, if they want any other relative to travel across international borders to see them, they may prolong their trip by up to a year. These are specific advantages that a particular user group is seeking. *
The student segment is a recent one that has gained prominence since the pandemic. Because students are now travelling, there are benefits tailored to their needs, such as benefits for sponsors and legal costs, should they get into a fight or lose their laptops. * So those are some unique advantages that people who choose student travel insurance can obtain. Make sure you compare various types of insurance to get the ideal travel insurance quote.
A travel insurance premium calculator is a convenient tool you may utilise online to check the amount of coverage required based on your needs.
*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.