International Travel Insurance Online

Know the coverage, benefits, claim process for an international travel insurance.
International Travel Insurance
3 mins
01-September-2023

In an increasingly interconnected world, international travel has become more accessible and appealing than ever before. Whether it is for business, leisure, or education, jetting off to distant lands is an exciting prospect. However, as much as we would like to plan everything beforehand, there are always unforeseen events that can impact our trip. For instance, sudden illness, trip cancellation, or loss of baggage can create massive disruptions to our travel plans and finances. This is where an international travel insurance policy comes into play.

In this article, we will discuss the significance of overseas travel insurance, its benefits, and coverage, as well as the exclusions and the claim process.

What is a travel insurance?

Travel insurance is a type of insurance policy that provides financial protection against unexpected events during your travels. Travel insurance policies can cover a wide range of risks, including trip cancellation, trip delay, loss of baggage, medical emergencies, and personal accidents.

What is the significance of international travel insurance?

Overseas travel insurance is essential for those who travel frequently, especially for business purposes or study abroad programs. The significance of international travel insurance is that it covers any unforeseen events that may occur during your international stay. It offers peace of mind by providing financial support for medical emergencies, lost or stolen baggage, trip cancellation or trip delay, and personal accidents, among other occurrences.

Benefits of international travel insurance

Opting for international travel insurance is not just a choice; it is a smart investment in your peace of mind. Here's why securing such insurance before your journey is of paramount importance:

  • Medical emergencies: Travelling to a foreign country exposes you to different environments and potential health risks.
  • Trip cancellations and delays: Flights can be cancelled, delayed, or missed due to various reasons, such as adverse weather conditions or strikes.
  • Lost or delayed baggage: Travel insurance covers the replacement of essential items and clothing in case your baggage is lost or delayed. You can also opt for a separate baggage insurance policy.
  • Emergency evacuation: In the unfortunate event of a natural disaster or political instability in your travel destination, international travel insurance can cover the costs of emergency evacuation to a safer location.
  • Personal liability: Accidents can happen anywhere. If you accidentally damage property or cause injury to someone else while abroad, travel insurance can help cover legal expenses.

Coverage for international travel insurance

  • Emergency medical expenses: International travel insurance covers the medical expenses incurred due to sudden illness, injury, or accident during your international stay.
  • Coverage for emergency medical evacuation: The insurance company organises and pays for any emergency medical evacuation to an appropriate medical facility in case the insured traveller faces a medical emergency that cannot be treated locally.
  • Coverage for repatriation: The insurance company bears the cost of repatriating the insured traveller's mortal remains in case of accidental death. There are different repatriation of mortal remains policies, which you can also opt for.
  • Coverage for loss of baggage: Travel insurance covers any loss or damage to the insured traveller's baggage, including the cost of purchase of essential items while the baggage is delayed beyond a specified time.
  • Coverage for trip cancellation or curtailment: The policy reimburses the non-refundable expenses incurred to book the itinerary in case the traveller is unable to start or complete the trip due to covered reasons.
  • Personal accident coverage: The policy provides compensation in case the insured traveller suffers bodily injury or accidental death while traveling.

Exclusions under an international travel insurance policy

  • Pre-existing medical conditions: Travel insurance policies do not cover pre-existing medical conditions, unless mentioned explicitly in the policy documents.
  • High-risk activities: Insurance companies usually do not provide coverage for adventure sports or high-risk activities like mountaineering, skydiving, bungee jumping, or scuba diving unless the policy has an add-on for the same.
  • Intentional self-harm or suicide: Any damages to property or bodily harm caused by willful or deliberate actions are excluded under travel insurance policies.
  • Non-compliance with the law: The policy does not cover any losses incurred due to the insured traveller's actions that are in violation of local laws, such as illegal driving or possession of contraband.
  • Alcohol or drug abuse: Any losses incurred due to the insured traveller's actions while under the influence of drugs or alcohol is not covered under the policy.

Things to consider while buying international travel insurance

Before purchasing an overseas travel insurance policy, keep these factors in mind:

  • Coverage needs: Assess your needs, including medical coverage, trip duration, destination, and planned activities.
  • Policy inclusions and exclusions: Scrutinise the policy's coverage areas and exclusions to ensure it aligns with your requirements.
  • Medical coverage: Check if the policy covers medical evacuation and expenses, including those related to COVID-19.
  • Trip cancellation coverage: Ensure your policy covers trip cancellations or interruptions due to reasons like illness, family emergencies, or travel advisories.
  • Claim process: Research the claim process and the ease of contacting the insurer in case of emergencies.
  • Add-ons: Some policies offer optional add-ons, such as coverage for adventure sports or rental car damage.
  • Premium: Compare the cost of the policy against the coverage that it offers to determine its value.

Claim process for international travel insurance

In the unfortunate event that you need to make a claim, here's a general overview of the process:

  • Notify the insurer: Inform your insurance provider as soon as possible about the incident for which you need to file a claim. This could be a medical emergency, trip cancellation, or lost belongings.
  • Gather documentation: Collect all relevant documents, such as medical reports, receipts for expenses, and any other evidence supporting your claim.
  • Submit claim form: Fill out the necessary claim form provided by the insurer. Attach the required documentation to support your claim.
  • Review and processing: The insurance company will review your claim and the provided documents. They might request additional information if needed.
  • Claim approval or denial: The insurer will notify you whether your claim has been approved and the amount you are eligible to receive. If the claim is denied, they will provide a reason.
  • Payment: If your claim is approved, the insurance company will initiate the payment process according to the terms of your policy.

What are the factors that affect the premium for international travel insurance?

International travel insurance is important when traveling abroad. However, the cost of international travel insurance premiums may vary based on certain factors. Here are some factors that affect the premium of your international travel insurance:

  • Age: Insurance coverage for people over a certain age may be more expensive due to higher risk of health issues while traveling.
  • Destination: If you're traveling to an area known for its high incidence of disease or crime, the coverage may cost more.
  • Duration of stay: Longer stays may result in higher premiums.
  • Medical condition: Insurance coverage may be more expensive if you have a complex medical condition.

What are the ways to get travel insurance plans at low premiums?

To reduce your international travel insurance premium:

  • Travel during off-peak seasons: Travelling during less popular times can lower the premium.
  • Opt for a higher deductible: Choosing a higher deductible can reduce your premium but increases out-of-pocket costs in case of a claim.
  • Consider annual policies: If you travel frequently, an annual policy may be more cost-effective than purchasing individual policies for each trip.
  • Review your coverage: Eliminate unnecessary coverage options to lower the premium.

Is international travel insurance mandatory for overseas travel?

International travel insurance is not mandatory for overseas travel, but it's strongly recommended. Travel insurance provides coverage for unexpected situations such as medical emergencies, trip cancellations, lost or stolen items, and other unforeseeable events. Without coverage, you would have to pay for unexpected expenses yourself.

Additionally, some countries require proof of travel insurance before granting a visa or entry into their country. Thus, while it's not mandatory, it's essential to protect yourself and ensure peace of mind while travelling abroad.

Documents to carry when you’re travelling abroad

Given below is the list of important documents that you must keep handy when travelling abroad:

  • Passport: Your passport is your primary identification and entry document in most countries
  • Visa: If required by your destination, ensure you have a valid visa.
  • Travel itinerary: Keep copies of your flight tickets, hotel reservations, and travel plans.
  • Travel insurance: Carry proof of your travel insurance coverage.
  • Driver's license: An international driver's license is necessary if you plan to drive abroad.
  • Prescriptions: If you have medications, bring a copy of your prescriptions.
  • Travel money: Carry cash, credit/debit cards, and traveller's checks.
  • Emergency contacts: Have a list of emergency contacts, including family and embassy details.
  • Photocopies: Make copies of all your documents in case of loss or theft.
  • Travel guidebook: A guidebook can be handy for navigation and local information.

International travel insurance is an essential aspect of any overseas journey. It provides protection against unforeseen events and ensures that your travels are stress-free. When purchasing an international travel insurance policy, make sure to read the terms carefully and understand the coverage, exclusions, and claim process to get the maximum benefit of the policy.

Note: While we do not offer an international travel insurance policy, we offer similar plans for your next road trip or domestic travel on our Bajaj Finance Insurance Mall.

Frequently asked questions

Which international travel insurance is the best?

The best international travel insurance varies depending on your specific needs and preferences. To find the right one, consider factors such as your destination, trip duration, activities, and coverage requirements. It's essential to compare policies, read reviews, and consult with insurance experts to determine the most suitable plan for your international journey.

What is the cost of international travel insurance?

The cost of international travel insurance can vary widely based on several factors, including your age, destination, trip duration, coverage level, and any pre-existing medical conditions.

Should we buy travel insurance for international travel?

Yes, purchasing travel insurance for international trips is strongly recommended. It provides financial protection against unforeseen events like trip cancellations, medical emergencies, lost luggage, and more. While it adds to your travel expenses, it offers peace of mind, ensuring you can handle unexpected challenges while abroad without incurring exorbitant costs.

What is included in international travel insurance?

International travel insurance usually includes coverage for medical emergencies, trip cancellations or interruptions, lost or stolen luggage, and emergency medical evacuation.

Is travel insurance cashless?

Many travel insurance policies provide cashless services, which means the insurance provider directly settles any hospital or medical bills. However, some policies may require you to pay upfront and then file a claim for reimbursement.

Can I get travel insurance while abroad from India?

Yes, you can purchase travel insurance while abroad from India. Many insurance companies provide online options for purchasing policies while abroad. However, conditions and coverage maybe different for policy purchased while abroad.

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Disclaimer

Bajaj Finance Ltd. (BFL) is merely a distributor of third party products from Assistance Services providers such as CPP Assistance Services Pvt Ltd, Bajaj Finserv Health Ltd.(BFHL), AWP Assistance India Pvt. Ltd. (Allianz), Doc Online Health India Pvt Ltd. etc. Issuance of the product is at sole discretion of Assistance Company or Services provider . The product and services or benefits assured under the product shall be governed by respective partner’s product T&C’s and BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. Your purchase of an assistance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any product. For more details on terms and conditions, inclusions and exclusions please read the product sales brochure carefully before purchase or subscription. All product information such as membership fees, benefits, exclusions, value added services, etc. are authentic and solely based on the information received from the respective value added service provider or Assistance company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.