A Guide to Travel Insurance
Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or domestically. Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a 'multi-trip' policy can cover an unlimited number of trips within a set time frame. There are many travel insurance policies available in the market place, but care must be taken of what events are covered by each policy, and what exclusions, exceptions and limits apply, besides other issues.
Types of Travel Insurance
Travel Insurance provides financial protection against unforeseen circumstances while traveling domestically or internationally.
Domestic Travel Insurance
The people travelling within the geographical borders of India may take this plan. It protects individuals as well as families travelling within the Indian states from unforeseen financial emergencies. It provides coverage including medical cover, loss of baggage and personal accident cover amongst others.
International Travel Insurance
Individuals and families travelling overseas may take this plan. It provides a wide range of coverage including medical expenses, dental expenses, financial cash assistance, flight delays, loss of passport, personal liability, loss or delay check-in baggage and hijack distress allowance. Several insurers also offer home insurance to the traveler’s house back in India as a part of this insurance plan.
Student Travel Insurance
This type of plan is customized for students travelling abroad to study. It comes with an extended validity of up to 2 years. Apart from the basic coverage of overseas insurance, it also provides the students with covers including sponsor protection, study interruption, two-way compassionate visit and bail bond amongst others.
Notion Insurance Broker Pvt. Ltd. delivers customized insurance solutions designed to meet the diverse needs of businesses and individuals.