Individual-Travel-Insurance

Travelling has become much easier now, as compared to earlier times. Today there are so many facilities available for people who travel. If you wish to travel to any particular place, there are many options available. Furthermore, there are numerous ways to travel from one place to another. An individual can opt to travel by any means, be it by road, through car or bus, be it by train or be it by air. However, in some cases, it is not always possible that every mode of transport shall be available. But, in totality, commuting from one destination to another has become much easier.

With the ease of travelling, people have also started travelling more nowadays as compared with past years. In addition to this, travel these days has become an integral part of our lives. There are many reasons for a person to travel; majorly we can categorize them into professional and personal. Whether a person travels for personal reasons or for official reasons, it is necessary that he or she thinks of his or her safety first. When a person is travelling officially, it is not possible to take his or her family along, as the travel is being made for work purposes. Thus, it is required that an individual opts for a suitable Individual Travel Insurance for himself or herself.

Many people opine that health insurance is all that they need. But, if you think that a simple personal insurance policy is enough to protect you from the risks you run when you are traveling alone, you need to think again! What you need is travel insurance for individual.

What is Individual Travel Insurance?

Travel insurance meant for a single individual. It covers you from travel related contingencies.

While choosing individual travel insurance, you can also choose from either of the two based on your travel frequency.

Single Trip Travel Insurance

• ■ Provides coverage for the duration of a single trip
• ■ It would be ideal for you if you travel once in a while
• ■ All your medical and non-medical problems during travel are covered
• ■ You can opt for this insurance each time you wish to travel

Multi Trip Travel Insurance

• ■ Provides extended coverage for around a year
• ■ It would be suitable for you if you are a frequent flier for multiple trips
• ■ You don't have to apply for insurance every single time you travel in the year
• ■ Covers all medical and non-medical emergencies

Benefits of Individual Travel Insurance

You may not be able to keep unforeseen situations at bay. Traveling to a foreign land comprises of a lot of risk. But, you can certainly protect yourself from financial losses when they do occur.

Key Takeaways:

• ■ Simple and economical option for individual travelers who travel without family
• ■ Medical cover up to an adequate amount
• ■ Travel benefits such as coverage of trip delay, stolen bags and cancelled flights
• ■ Get compensation to return to your homeland when emergency strikes
• ■ Gain quick disbursement of claims
• ■ New and innovative packages as per your requirements

Inclusions and Exclusions of Individual Travel Insurance

Plans of different insurers vary from one another. Ultimately, you need to look for a plan that is as per your usage and fits your budget.

People often end up buying a policy that covers many things but end up paying extra. You can avoid this by opting for customized plans. If you are traveling alone, then buying an individual travel insurance policy makes sense.

The general age limit varies from one insurer to another

• ■ Single trip individual travel insurance is 6 months – 70 years
• ■ Multi trip individual travel insurance is 18 years – 70 years



What is Included?

Depending on the plan you select, some common inclusions.

• ■ Medical Benefits such as in-patient care and out-patient care
• ■ Cashless services for medical expenses abroad
• ■ Emergency transportation and medical repatriation
• ■ Personal Accident and Accidental death and disability
• ■ Compensation for Baggage loss cover, trip delay, trip cancellation, delay of baggage
• ■ Additional benefits such as coverage for personal liability and loss of passport are also sometimes a part of your plan
• ■ Hijack distress allowance caused due to hijack for more than certain number of hours while on trip
• ■ Covers expenses caused if you were denied boarding an aircraft due to over-booking
• ■Compensation for emergency accommodation if you were unable to stay in the accommodation originally booked because of natural calamity



What is Excluded?

Make sure you read the policy wordings carefully to understand the exclusions of your plan.

• ■ Full or Partial Coverage of Pre-existing diseases are usually not covered. But in certain policies do offer compensation for pre-existing diseases, up to a specific percentage of the medical cover. However, for that the particular disease needs to be present in the list of pre-existing diseases mentioned in the policy document.
• ■ Delay of baggage that occurs in less than 24 hours
• ■ Losses that are incurred due to local/civil protest
• ■ Flights missed due to riots/strikes/civil wars
• ■ Injuries caused by adventure sports, if you are a sports enthusiast