INDIAN TRAVEL INSURANCE OVERVIEW

Indian Travel Insurance Overview

Travelling is one of the more pleasurable experiences for one and all. In the travel insurance context, travel to exotic destinations can be divided as domestic and overseas travel. Travelling within India is called as domestic travel and once you are out of India its overseas travel. Travel insurance is very essential when you travel, be it domestic or International travel. 

Calamities and pandemics across the globe are also common these days. Travellers, despite of their age have to be careful about their health particularly when they are outside their familiar surroundings. They need proper medical insurance coverage as falling ill or getting injured is not predictable. There are several travel insurance plans to suit your requirements; it can be purchased to safeguard you and your family respectively. Shop around online to learn more about the distinctions between different travel insurance plans before buying. 

Travelling overseas has become common nowadays with people travelling abroad either to visit their close ones or simply for recreation or through business. The United States and Canada are two nations in North America that are frequented by Indians. While it is exciting to visit America, visiting an American hospital as a patient is not as exciting. The health care costs are exorbitant, and even though, insurance is not mandatory to travel to these countries, it is highly recommended. 

To travel to Europe, travel insurance is mandatory as the consulates of all Schengen states insist on travel insurance before issuing the Schengen visa (common visa for 24 European countries). While travelling within Asia, Indian travellers tend to ignore purchasing travel insurance viewing it as an unnecessary expense. However most insurance providers offer very affordable insurance policies for vacation travel within Asia, and it is prudent to purchase travel insurance even while travelling to popular Asian destinations like Thailand, Dubai, Sri Lanka, Malaysia, Singapore etc...

Travel Insurance- Types of products

Single Trip Travel Insurance

This plan is for single trips. If you are an occasional traveller, Travel insurance is very essential and single trip Insurance comes handy. Single trip insurance can be purchased from a few days up to 360 days. Most companies offer the single trip up to 180 days. However there are a couple of plans which can be purchased directly for 360 days.

Multi Trip Travel Insurance

Multi trip travel insurance allows the insured to travel multiple times during the coverage period. There are different travel insurance products specially designed to meet the requirements of those who travel multiple times in a year. This plan is quite popular with business people. There is usually a limit of 30, 45 or 60 days as being the maximum number of days outside India in a single trip under the Multi trip plans.

Asia Travel Insurance

It is common among Indians to travel frequently within Asia. Indians visit Asian countries like Malaysia, Hong Kong, Indonesia, Maldives, Singapore, Nepal, Sri Lanka etc for several reasons. While travelling within Asia you require travel insurance but most of the people tend to ignore this fact. There are several insurance companies to offer you Asia travel insurance. You can choose affordable Asia travel plan of your choice and stay secure. 

Europe Travel Insurance

Europe Travel Insurance is specifically designed for the convenience of the Schengen Visa. Europe Travel Insurance common visa allows you to travel to schengen countries. However Schengen visa countries have mandated health insurance coverage for visitors. Schengen Visa insurance requirements are specified by the consulates.

Domestic Travel insurance plans

Domestic insurance policies cover travellers within India. These plans can be purchased either for a single trip, or for the entire year. Your domestic Travel insurance becomes ineffective once you are out of home country.

Senior Citizen Travel Insurance Plans

This special travel insurance plan is designed to suit the requirements of travellers above the age of seventy. As you grow old the chances of health risks will be higher compared to your younger days. It is important that you have travel insurance when you travel outside India as the cost of healthcare is very high and you do not want to be forced to visit an foreign hospital without insurance.

Travel Insurance coverage

Travel Insurance policy covers the insured against various eventualities while travelling abroad. It covers the insured against personal accident, medical expenses and repatriation, loss of checked baggage, passport loss etc.

The most common risks that are covered by travel insurance are:

• Medical expenses and emergency evacuation/repatriation
• Accidental death or dismemberment
• Injury or disablement benefit
• Trip Cancellation
• Delayed departure
• Delayed baggage
• Personal liability and rental car damage excess

Travel Insurance Companies and E India Insurance

There are several competent private players in travel insurance sector like TATA AIG, Bajaj Allianz, ICICI Lombard, Reliance, Oriental, Cholamandalam, Future Generali, Apollo DKV etc. All these insurance companies have online travel insurance policy issuance facility through E India Insurance. At E India Insurance you can access different travel insurance quotes before buying. Different travel insurance plans are displayed in an unbiased manner to the convenience of the clients. There is no extra charge for the purchase service provided by E India Insurance. Compare travel insurance policies by different insurance companies and make a productive purchase. Buying travel insurance in E India Insurance is Quick, Convenient and Eco friendly.

Policy cancellation in Travel Insurance

Travel insurance can be cancelled conveniently online. If the insured prefers to get his/her travel insurance policy cancelled before the policy start date then he/she should intimate the E India Insurance by sending an email. The insured should furnish policy number or schedule number in the email. If the cancellation request is after the start date of the policy then Photo copy or Scan copy of all the pages (including empty pages) of the passport should be sent to E India Insurance as a proof that he/she has not travelled overseas. In both the cases there will be a 250/- cancellation charges.

Claims Settlement in Travel Insurance

The efficiency of an insurance company is best determined considering the history of claims settlement. Cashless settlement in travel insurance for out-patients can be availed by walking in to the hospitals directly. If the insured is an inpatient, then he/she is expected to inform the service provider by calling the toll free number specified on the policy document. Signed claim form, policy copy and other documents as specified by the insurer is required to apply for a claim.

Source : www.eindiainsurance.com