Travel Insurance

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Travel Insurance
The season of overseas travels has begun. The need to insure one and one’s family is of prime importance during these trips. Whether you travel for business or pleasure, international travel involves risk. Medical treatment abroad can be expensive & one never knows when one would require it. Having to spend for medical bills in foreign currency can be an expensive proposition. There are other difficult situations also, that one might face like loss of passport or baggage.
So, to sum up as why a person traveling overseas needs Travel Insurance:
·         To take care of expenditure in foreign lands currency which are way higher as compared to medical expenses in India
·         It ensures convenient and hassle free trip for the family
·         Help in sudden and unforeseen expenditure
·         Speedy guidance and referral in a foreign land and the time where proper guidance may mean life or death
Types of travel plans:
There are several types of travel plans along with various options for which we need to have a proper knowledge and pitch the best product to our clients. Below mentioned are few plans which can be offered -
Overseas Travel Insurance Plan - For a person who is traveling abroad
This travel insurance and trip insurance plan offers precise cover under all facets of a global travel plan. However, it is compulsory according to the rule books of most countries of the world.
Domestic Travel Insurance Plan - Person who is going for a vacation/business trip within India
This online insurance travel plan takes good care of all expenditures sustained during domestic trips within the country. This insurance policy covers all expenses incurred in consequence of loss of baggage, personal accidents, emergency hospitalization etc.
Student Travel Insurance Plan - Specially designed for student who are planning to go abroad for study (Primarily July - Aug)
This is an important plan precisely crafted keeping in mind the requirements of students traveling to a foreign country to pursue higher education. It is also obligatory to purchase one prior to taking admittance in a university abroad. It will support in case a crisis during the period of stay.
Single Trip Insurance Plan - People who are going for a small duration vacation
It is a brilliant plan that covers you for the travel period of any single holiday. It is widely available with insurance providers these days.

Multi Trip Insurance Plan - for people, who are often traveling, serves best to buy a Multi trip insurance for the whole year
This is a type of annual or once in a year plan that must be a part of trip plan for all frequent travelers.
1.Medical Expenses and Repatriation - covers hospitalization expenses for accident or illness, including medical evacuation wherever necessary.
2. Personal Accident - covers death and permanent disablement.
3. Loss of checked baggage - covers total and complete loss of baggage checked in by an international airline.
4. Delay of checked baggage - covers cost of emergency purchase of replacement items.
5. Loss of passport - covers reasonable and necessary expenses to obtain a duplicate passport or a valid travel document.
6. Personal liability - covers legal liability attaching in a private capacity during the course of overseas travel.
7. Cash Less Service - Direct settlement for in - hospital medical expenses abroad. (Subject to policy terms and conditions and sub limits)
8. Hospitalization Allowance - covers daily allowance maximum to a certain limit subject to plan opted for.
9. Emergency Cash Advance - This is an assistance service when the insured person requires emergency cash following incidents like theft/burglary of luggage/money or hold up. The service provider shall co-ordinate with the insured person’s relatives in India to provide emergency cash assistance to the insured person as per his requirement, up to limit specified in the policy schedule.
*The features and extent of cover varies from product to product


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