Travel Insurance Companies in India

With so many travel insurance companies in India, it can be overwhelming to select a suitable plan for your trip. Ideally, your trip insurance should cover financial losses due to flight delays, medical expenses, passport and baggage loss and more.

Individuals
Sr. Citizens
Students

Plans for an individual of 30 years age travelling to USA for 15 days

Picking Travel Insurance Company

To ensure that you have right travel insurance policy, take care of the following before you zero down a plan:

Compare Travel Insurance Online: Today almost all travel insurance companies are accessible online. Make sure to compare the benefits, cover, and quotes offered by the different travel insurance companies before you buy a policy.
Should Cover Medical Expenses: Medical expenses in European and American countries are pretty high and may easily create a hole in your pocket. Therefore, opt for a travel insurance company that offers plans specific to countries meeting the requirements.
Analyse Different Features: In general, most companies offer almost similar features. Make sure to look for travel insurance plans with additional covers so that you get the benefits.
Check Financial Capacity: Make this a thumb note of not going for an insurance company just because it is offering a low premium rate. Buying a travel insurance policy with inadequate benefits is not going to help you at times of emergency. Don’t forget to check the insurer’s incurred claim ratio as well as the claim settlement ratio to know their financial health.
Confirm Claim Rejection: The claim rejection ratio varies from insurer to insurer; therefore, it’s advisable to go for the travel insurance company with a lower claim rejection ratio.

Type of Insurance Based On your Travel Requirements

Based on your travel requirements, the travel insurance companies offer different types of travel insurance cover, which are

Domestic Travel Insurance
Opt for this plan if you travel frequently or have planned a vacation in another city. Especially, if you wish to secure yourself from personal as well as medical liabilities, during the travel time!
International Travel Insurance
Besides other coverages, it gives you a comprehensive cover from the risk of a hijack, deportation, and also from medical and personal emergencies during your travel.
Corporate Travel Insurance
This one is purchased by businesses and multi-national companies for employees who need to travel often.
Student Travel Insurance
This is for students who take admissions into colleges and universities overseas for higher studies. If there is a loss of passport, any medical emergency, disruptions in their studies or any other mishap, then this policy will keep them covered and insured.
Medical Travel Insurance
This is a short-term travel insurance plan meant to cover the health and medical expenses in case of a medical emergency while travelling overseas.
Family Travel Insurance
This insurance policy is suitable for family international trips. Get your whole family insured from personal and travel-related risks which may arise under a family floater.
Senior Citizen Travel Insurance
This plan is for the elderly within the age group of 61-80 years. As compared to normal plans, it specifically covers expenses that seniors may be prone to.
Individual/Group Travel Insurance
There are plans which provide cover to an individual from travel-related emergencies and also a group of people travelling together. Group insurance saves a lot of money on premiums though.
Single/Multi-Trip Insurance
Single trip insurance is for people taking only one trip, and they want to safeguard themselves from any unforeseen circumstances during that trip. Whereas, multi-trip is for frequent travellers to save them from personal and medical emergencies during the trip.

Travel Insurance Companies in India

Travel insurance is provided by several insurance companies in India. Here is a list of travel insurance companies in India that you may consider:

List of Travel Insurance Companies	Key Features
Aditya Birla Travel Insurance	Medical Emergency Assistance Automatic policy extension Baggage Loss
Bajaj Allianz Travel Insurance	Baggage loss, flight delays, loss of passport Covers personal and medical emergencies during the travel Cashless hospitalisation abroad Home Burglary Insurance
Cholamandalam Travel Insurance	24X7 emergency and claim-related assistance No pre-policy health check-up up to 65 years All Purpose cover available along with coverage for international driving licence loss and a home burglary
Digit Travel Insurance	zero deductibles cover for adventure sports such as diving, bungee jumping, or scuba diving covers the pre-existing ailments
Future Generali Travel Insurance	Covers medical emergencies financial assistance Coverage against accidental death or permanent disability Legal liability
IFFCO Tokio Travel Insurance	Instant policy issuance Cashless Treatment Flight Delay
National Insurance Travel Insurance	Sum assured up to USD 5,00,000 Coverage for medical evacuation Personal accident covered Medical emergency reunion cover offered
New India Assurance Travel Insurance	No medical check-up up to 70 years Option to choose destination-specific coverage Plans available for people travelling abroad for vacations, studying or work
Oriental Travel Insurance	Sum insured up to Rs 5,00,000 Door-to-door coverage provided under student travel policies Offers digitally-signed policy document instantly
Reliance Travel Insurance	Cover declared pre-existing (life-threatening) diseases up to 70 years Coverage for loss of passports & important documents. Coverage for expenses related to trip delays & cancellations No medical checkup required up to 80 years
Religare Travel Insurance	Covers the pre-existing ailments Compassionate visit Daily hospital allowance
Royal Sundaram Travel Insurance	Covers medical expenses including hospitalisation expenses, OPD, local emergency medical transportation, doctor’s fees, etc. Offers sickness dental relief Automatic extension for up to seven days.
SBI Travel Insurance	Sum assured up to USD 5,00,000 in case of medical costs Personal accident covers of up to USD 25,000 Home burglary insurance Loss of checked-in baggage Hijack cover
Shriram Travel Insurance	Covers losses incurred due to missed connection flight Offers 30-day extended medical treatment in India Coverage for Bail Bond and Golfers hole-in-one provided
Star Travel Insurance	No pre-health check-up required up to the age of 64 years Maintains personal e-health record Cashless claim settlements within one-hour Free health magazines issued regularly to policyholders
Tata AIG Travel Insurance	15 days’ free look period for annual multi trip plans Assistance Services Accommodation charges due to trip delay
United India Travel Insurance	Sum assured up to USD 5,00,000 Offers overseas as well as domestic travel policies Offers a 10% discount on online purchase Automatic 7-day policy extension
Universal Sompo Travel Insurance	Sum insured up to Rs 5,00,000 Covers the cost of diagnostic tests, X-ray, heat therapy, radiotherapy, etc. Lump sum payment made in case of financial emergency and flight delay Home burglary insurance offered

*Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. For more details on the features, benefits offered terms and conditions, please read the sales brochure carefully before concluding a sale. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

FAQs

Q1. Which is the right company for travel insurance?

Ans. With numerous travel insurance companies in India, there are different plans with varying benefits that you can choose from. The right company for travel insurance will depend on your budget, requirement, overall financial health and benefits that it is offering you.
Q2. Does travel insurance cover COVID-19?

Ans. Yes, most travel insurance companies in India have started offering COVID-19 coverage benefits. However, it is essential to confirm this with your insurer before you make any purchase.
Q3. Which insurance company is good at paying claims in India?

Ans. Depending on the overall financial health, you can pick the right insurance company. Generally, insurers with a high claim settlement ratio mean that they pay out claims more often than they reject. For example, a company with 98% CSR means it honours 98 claims out of every 100 claims it receives.
Q4. Can I cancel my travel insurance policy?

Ans. Yes, you can cancel your travel insurance policy in most cases. There may be some cancellation charges depending on your insurer.
Q5. How do I choose an insurance company?

Ans. You can select an insurance company by comparing its benefits, prices and overall reputation with other companies. You can also check public reviews to get a better idea.

Travel insurance companies

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Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in