Types & Benefits of International Travel Insurance

International travel insurance provides coverage for unexpected events and emergencies that may occur while traveling outside of your home country. There are several types of travel insurance available, including single-trip, multi-trip, and long-term policies. Single-trip travel insurance is ideal for individuals who are taking a one-time trip abroad. Additionally, some travel insurance policies offer 24/7 assistance services, such as travel and medical assistance, video chat sessions to emergency cash transfers, and language translation services. Overall, international travel insurance is essential for anyone planning to travel outside of their home country to ensure a safe and worry-free trip.

Things to Remember

One should check the travel insurance policy to ensure what costs are covered. At times, there may be coverage for more risks than those mentioned above. Many travel insurance plans offer additional risk coverage with add-on premium payments.

Types of travel insurance

Individual travel insurance

This is an important policy to buy when you are travelling abroad alone. It offers various benefits along with normal benefits like Emergency medical expenses, Repatriation in case of medical emergency, Repatriation of mortal remains, any dental emergency expenses following an accident, Compensation following accidental injuries, Baggage Loss and other benefits.

Student travel insurance

This is a policy for students who are travelling abroad for further studies. It offers comprehensive coverage in the form of expenses incurred on medical treatment, passport loss and other reasons leading to study interruptions.

Senior citizen travel insurance​:

This insurance caters to the age group of people between 61 and 70. It offers coverage for dental treatment and cashless hospitalization along with normal travel insurance coverage.

Family travel insurance​​

Family Plan provides cover for you and the dependent’s children (members of your family) who travel with you on your journey. Dependent children includes all age under 18 in your family (under the age of 23 if the person is a full-time student at a recognized institution of higher learning) with maximum 2 adults (defined in Policy Wording).

What is Typically Covered by a Standard Travel Insurance Policy?

Trip cancellation coverage

Your travel insurance policy can reimburse you for prepaid, non-refundable trip deposits if a trip is canceled for a covered reason. These outlays can include airline tickets, hotel rooms, rental cars, tours and cruises, says Daniel Durazo, spokesperson with Allianz Travel Insurance. Examples of acceptable reasons to cancel a trip include illness, injury or death of the traveler, a close family member or a traveling companion military deployment or civil unrest.

Baggage coverage & How it works

Most airlines will reimburse travelers for lost or destroyed baggage, but be prepared for limitations. Travel insurance plans will typically cover stolen items, such as those stolen out of a hotel room. This may not include expensive jewelry, antiques, or heirloom items. Typically, airlines have a few days to recover your bag.

Conclusion

In conclusion, travel insurance is a crucial product for protecting yourself against unexpected expenses and losses while traveling domestically or abroad. The coverage varies depending on the policy, but it typically includes trip cancellation, emergency medical expenses, repatriation, dental emergency expenses, compensation for accidental injuries, and baggage loss. It is essential to review the policy thoroughly to understand what is covered and what is not, as well as to consider add-ons for additional risk coverage. Travel insurance is a valuable investment for frequent travelers or those traveling to remote or high-risk areas.