Travelling is one of the greatest pleasures for many, offering the opportunity to explore new places, meet new people, and create lasting memories. However, unforeseen circumstances such as flight cancellations, lost luggage, or medical emergencies can turn a dream vacation into a nightmare.

This is where travel insurance steps in, providing peace of mind and financial protection against such situations. However, choosing the right insurance demands several considerations. So, here’s a guide to help you just with that and choose the best travel insurance for your needs.

Benefits of OnlineTravel Insurance

Travel insurance covers more than just medical emergencies. Here’s a glimpse into the safety net it provides:

Medical Expenses: Falling sick at your travel destination is an un-called-for event. Travel insurance covers medical costs, hospitalisation expenses, and even emergency medical evacuation in such undesirable circumstances.
Trip Interruption/Cancellation: Missed flights, bad weather, or a medical emergency at home can disrupt your travel plans. Travel insurance reimburses you for prepaid, non-refundable trip costs in such scenarios.
Baggage Loss/Delay: Lost luggage can be a big turnoff for a trip. Travel insurance compensates you for lost or stolen baggage.
Travel Delays: Flight delays can be frustrating, especially when you have connecting flights or tours. Travel insurance might reimburse you for additional expenses incurred due to a covered delay.

How to Buy Travel Insurance Online in India?

The internet has made buying travel insurance a breeze. Here are the steps:

Gather Details: Before you start browsing, have your trip details ready – destination, travel dates, type of trip (solo/family), and the estimated cost.
Compare Travel Insurance Providers: Several Indian and international insurance companies offer travel insurance online. Use travel insurance comparison websites to compare quotes from multiple insurance providers.
Read Policy Documents Carefully: Don’t just focus on the price; understand the policy exclusions, coverage limits, and claim settlement procedures.
Choose Your Plan: Select a plan that best suits your needs. Consider factors like the trip duration, your age, any pre-existing medical conditions, and the level of coverage desired.
Purchase and Confirmation: Once you’ve chosen a plan, proceed with the online purchase. You’ll receive a policy document via email, so be sure to review it thoroughly and store it safely.

How to Choose the Best Travel Insurance for a Schengen Visa?

Finding the best travel insurance for Schengen visa depends on your specific needs and budget. Here are some key factors to consider:

Trip Details: The cost of your travel insurance will vary based on your trip duration, destination, and type of trip (leisure, business, adventure).
Coverage: Identify the areas where you need more protection. Do you prioritise medical coverage, trip cancellation, or baggage protection? Choose a plan that offers adequate coverage in these areas.
Deductible: A deductible is the amount you pay upfront before the insurance kicks in. Lower deductibles mean higher premiums, and vice versa. Choose a deductible you’re comfortable with.
Exclusions: Read the policy wording meticulously to understand what’s not covered. Common exclusions include pre-existing medical conditions, adventure sports, and cancellations due to known events (like bad weather forecasts).
Reputation of the Insurance Company: Opt for a reputable insurance company with a good track record for claim settlements. Read online reviews and check claim settlement ratios before making your decision.

FAQs

Is travel insurance mandatory?

While not mandatory in India, it’s highly recommended, especially for international travellers.

What documents do I need to file a travel insurance claim?

This will vary depending on the insurance company and the type of claim. Generally, you’ll need copies of your passport, travel documents, medical bills (for medical claims), police reports (for theft claims), and proof of loss receipts.

When should I buy travel insurance?

Ideally, purchase travel insurance as soon as you book your trip or make significant non-refundable payments. This ensures you’re covered from the get-go in case of any trip cancellations due to unforeseen circumstances.

What are some common exclusions in travel insurance?

Travel insurance policies generally exclude pre-existing medical conditions that were not declared during purchase, claims arising from self-inflicted injuries or participation in hazardous activities not covered by the plan, and cancellations due to change of mind.