Types of Travel Insurance

Travel insurance is a type of insurance plan that protects you against unexpected issues during your trip, such as medical emergencies, trip cancellations, or loss of checked-in baggage. It helps you cover the related unexpected costs and is available for both domestic and international trips.

For example, imagine you are on an international business trip for a couple of days. If your checked-in baggage gets lost by the airline, you will need to spend extra money to buy the essentials for your trip. This unexpected expense can be covered by your travel insurance policy. You can buy travel insurance online after comparing the options in a few simple steps. And protect
your trip from such unplanned expenses

Travel insurance is a must-have for those planning a trip away from home, whether it is a family vacation, business trip, honeymoon, or a trip with friends.

Domestic Travel Insurance

Domestic travel insurance covers unexpected expenses that arise from trips within India. It covers unexpected medical expenses, personal liability, and more. In addition to basic coverage, you can include add-ons for enhanced coverage.

A domestic travel insurance plan is ideal for individuals attending business meetings, families on vacation, or anyone travelling for leisure, pilgrimage or other personal reasons.

International Travel Insurance

• International travel insurance plans are specifically designed to safeguard you from unforeseen expenses that may occur during your trips abroad. When you travel to a foreign destination, you may have to go through unexpected scenarios like flight cancellations or medical emergencies.

• These scenarios can lead to significant financial losses in a foreign country. An international travel insurance plan helps in managing such scenarios and provides financial relief. It is suitable for any individual travelling abroad for leisure or business purposes.

• TATA AIG offers location-specific international travel insurance plans, such as Schengen Travel Insurance and Asia Travel Insurance.

Student Travel Insurance

Student travel insurance plans are designed exclusively for students heading abroad for higher education to protect them from travel and health-related risks. These plans come with longer validity (up to 3 years) and are ideal for students travelling abroad for exchange programs or any long-term academic programs.

The student travel insurance plan also covers study interruption by reimbursing unused tuition fees if you discontinue your studies due to illness or family emergency. It also includes sponsor protection to cover education costs in case of the sponsor’s death or disability.

Senior Citizen Travel Insurance

Senior citizen travel insurance plans are designed for individuals above 60 years of age, typically covering those in the 60 - 70 age group. TATA AIG Travel Insurance - International Plus policy extends this coverage to those elderly individuals aged 71 - 80 years and even beyond.

This type of travel insurance covers medical costs, delay or loss of checked-in baggage, loss of passport, flight delay, trip cancellations, and more.

Individual and Family Travel Insurance

Many people prefer to travel solo for business or vacation, and an individual travel insurance plan is designed specifically for them. It offers comprehensive coverage for a single person throughout the trip.

Just like an individual travel insurance plan covers a single person, a family travel insurance plan provides coverage for the entire family under one policy.

You can cover yourself, your spouse, children, parents and other relatives in one policy. It is more affordable than buying separate travel insurance plans for each family member.

Single Trip and Annual Multi-Trip Travel Insurance

Single-trip travel insurance, as the name suggests, provides coverage for one specific trip from start to end. On the other hand, annual multi-trip travel insurance covers multiple trips taken within a year.

If you travel frequently, say once or twice every month, opting for a multi-trip travel insurance plan is more beneficial.

This type of travel insurance coverage is more cost-effective than purchasing multiple single-trip policies. It also eliminates the hassle of buying travel insurance every time you plan a trip.

Group Travel Insurance

Group travel insurance provides coverage for a group of people travelling together under one policy. It is commonly used by business organisations for their employees or by other groups travelling together for work, events, or tours.

The premium is calculated based on factors like the number of travellers, destination and duration of the trip. It is a cost-effective and convenient option for businesses or groups that require frequent travel or large-scale travel.

• Medical Cover - Expenses for Hospitalisation, day care treatment, or OPD treatment due to an illness or injury, emergency evacuation, accidental death or disablement, and more.

• Baggage Cover - Compensation for total loss of or delay of your checked-in baggage caused by the airline.

• Journey Cover - Protection against trip curtailment or cancellation, missed flights or connections, bounced hotel or airline bookings, flight cancellations or delays, and more.

These are core benefits covered in almost all the different types of travel insurance plans. Apart from these core benefits, you may also be covered for other travel-related risks such as loss of passport during an international trip, legal liabilities for third-party property damage or bodily injury, and loss of cash.

• Types of Travel Insurance	TATA AIG Travel Insurance Plan
  Domestic Travel Insurance	Travel Insurance - Domestic
  International Travel Insurance	Travel Insurance - International Travel Insurance - International Plus Travel Insurance - Asia
  Student Travel Insurance	Travel Insurance - Student
  Senior Citizen Travel Insurance	Travel Insurance - Domestic Travel Insurance - International Travel Insurance - International Plus Travel Insurance - Asia
  Family Travel Insurance	Travel Insurance - Domestic Travel Insurance - International Travel Insurance - International Plus Travel Insurance - Asia
  Annual Multi-Trip Travel Insurance	Travel Insurance - Domestic Travel Insurance - International Travel Insurance - International Plus Travel Insurance - Student
  Group Travel Insurance	Travel Insurance - Group Domestic Travel Insurance - Group International Travel Insurance - Group International Health Travel Insurance - Group Student

Please note: To explore the specific types of travel insurance policies, visit our Downloads page.

For Financial Protection

You may have used your savings or withdrawn from investments to fund your trip, but a single unexpected incident can lead to major financial losses. With a travel insurance policy, you can manage such unexpected expenses and secure your budget.

To be Legally Complaint

Travel insurance is mandatory in certain countries. Without a valid travel insurance policy, your visa application may be rejected or cancelled. Understand the various types of travel insurance coverage to choose the one and decide on that option necessary for your destination and travel needs.

For Assistance Services

Beyond covering travel-related risks, a travel insurance policy also provides access to valuable assistance services. These include legal help for non-criminal actions, connecting with nearby doctors, contacting authorities, or arranging services for lost passports, emergency travel and cash transfers.

Assess your Travel Needs - Analyse your travel plans to identify potential risks. Consider your age, health condition, purpose and duration of travel, as well as location-specific concerns like weather conditions or political unrest.

Compare Travel Insurance Plans - Explore various products and compare travel insurance online based on their features and benefits. Each type of travel insurance coverage offers plans with different sum insured limits and optional add-ons.

Consider Key Factors - Consider key aspects, such as the coverage for medical expenses, flight cancellations, trip interruptions and delay or loss of checked-in baggage.

Understand Policy Exclusions - Go through the policy document carefully to clearly understand what is covered and what is excluded. Claims raised for excluded incidents get rejected.

Choose a Suitable Policy - As you compare travel insurance online, review the premium and coverage offered. Select the best type of travel insurance policy that offers adequate coverage and fits within your budget.

Travel insurance is more than just a travel requirement. It is a safety net that offers financial support when unexpected issues arise, potentially affecting your financial well-being and disrupting your trip.

While searching for a suitable travel insurance policy, you will come across different types of travel insurance plans. Each one is designed with specific features to match different travel needs.
Choosing the best type of travel insurance depends on your individual requirements.

With TATA AIG, you get optimum cover and the convenience of comparing domestic and international travel insurance online to help you choose the right plan for you.