Travel Insurance offers insurance protection when you travel. Travel Insurance may be called by different names by insurance companies. It is important for a person or customer to check and understand whether the policy covers domestic travel or overseas travel or both. To obtain a visa for some countries, overseas travel insurance is compulsory. Travel Insurance normally offers cover only during a specific period of travel. However, some insurance companies may offer various combinations of protection to cater to the specific needs of customers e.g., there could be a special policy for Corporate Frequent travelers etc.
The following are covers that are generally provided under Travel Insurance
- Medical Expenses with or without cashless facility (most travel insurance products offer cashless facility)
- Personal Accident
- Travel Delay
- Loss of Baggage & delay in its arrival
- Loss of Passport
- Transportation of dead body etc.
The following are generally not covered under travel insurance
- Pre-existing diseases
- Suicide and Insanity etc.