Experience Safety in Every Journey with Travel Insurance

Travelling is an exhilarating experience that allows us to explore new destinations, cultures, and create lasting memories. However, along with the excitement, travel also comes with a certain degree of uncertainty. Unexpected events such as trip cancellations, medical emergencies, or lost luggage can turn a dream vacation into a nightmare. This is where travel insurance, or what is travel insurance, comes into play. It’s important to know what is travel insurance, why it’s important, and the various types of coverage it offers to ensure a worry-free travel experience..

What Does Travel Insurance Cover?

Travel insurance is a financial product designed to provide protection and financial assistance to travellers during their trips. It acts as a safety net, covering unforeseen expenses and offering peace of mind to travellers, ensuring they can navigate potential challenges with ease. Here are some key aspects of travel insurance:

  1. Trip Cancellation: Travel insurance can reimburse you for non-refundable expenses if you have to cancel your trip due to unexpected events such as illness, injury, or a family emergency.
  2. Medical Coverage: It offers coverage for medical emergencies that occur during your trip, including doctor’s visits, hospital stays, and emergency medical evacuation.
  3. Lost or Delayed Luggage: Travel insurance can compensate you for lost, stolen, or delayed luggage, helping you replace essential items.
  4. Travel Delays: If your trip is delayed due to reasons beyond your control, such as bad weather or airline strikes, travel insurance can cover additional expenses like accommodation and meals.
  5. Emergency Assistance: Most travel insurance policies include a 24/7 hotline that travellers can call for assistance in case of emergencies, providing guidance and support.
  6. Coverage for Accidents: In the unfortunate event of an accident while travelling, travel insurance can provide financial assistance for medical bills and related expenses.
  7. Trip Interruption: If your trip is cut short due to unforeseen circumstances, such as a family emergency back home, travel insurance can reimburse you for the unused portion of your trip.

Types of Travel Insurance

There are several types of travel insurance policies to cater to different needs and travel scenarios:

1. Single-Trip Insurance

This type of travel insurance is perfect for individuals or families planning a one-time trip. It covers you from the moment you depart until you return home. Whether you’re going on a week-long vacation or a short business trip, single-trip insurance ensures you’re protected throughout your journey. It typically includes coverage for unexpected events like trip cancellations, baggage loss, or medical emergencies during your trip.

2. Annual or Multi-Trip Insurance

If you’re a frequent traveller, annual or multi-trip insurance is a smart choice. This policy covers multiple trips within a specified time frame, often a year. It’s convenient for those who travel several times a year, whether for business or leisure. With this coverage, you don’t have to purchase a separate policy for each trip, saving you time and money.

3. International Travel Insurance

When heading abroad, it’s essential to have international travel insurance. This policy is tailored to the unique challenges of travelling internationally. It offers comprehensive coverage for medical emergencies, trip cancellations, and travel-related issues that may arise while you’re in a foreign country. It provides peace of mind knowing that you’re protected no matter where your adventures take you.

4. Cruise Insurance

If you’re embarking on a cruise vacation, cruise insurance is a must. Unlike standard travel insurance, cruise insurance is designed to address cruise-specific concerns. It covers issues such as missed ports of call, trip interruptions due to unforeseen circumstances, and medical needs while onboard. Cruises can involve unique challenges, and this policy ensures you’re prepared for any unexpected events at sea.

5. Adventure Travel Insurance

For the thrill-seekers and adventure enthusiasts, this policy is essential. Adventure travel insurance provides coverage for activities like hiking, scuba diving, skiing, and other adventurous pursuits. These activities may not be included in standard travel insurance plans, making it crucial for those seeking adrenaline-filled experiences. With adventure travel insurance, you can explore the world while knowing you’re protected in case of accidents or emergencies during your adventurous endeavours.

Each type of travel insurance caters to specific travel needs and preferences, ensuring that travellers can choose the coverage that best suits their unique circumstances and travel plans.

Travel Insurance in India

So, if you have decided to get travel insurance for your next adventure, here are some of the best insurance providers offering comprehensive travel insurance:

Travel Insurance Plan Coverage
Tata AIG Travel Guard
Overseas travel insurance, covers accidents and sickness, medical emergencies, baggage loss or delay, personal liability, flight hijack and more
Bajaj Allianz Bharat Bhraman Insurance Policy
Domestic travel insurance, covers accident hospitalisation charges, emergency medical treatment, personal liability, flight cancellation or delays, home burglary, loss or misplacement of luggage, repatriation of remains, adventure sports insurance and more
Reliance Travel Care Travel Insurance
Overseas travel insurance, covers medical expenses, transportation costs, ​repatriation of mortal remains, ​​dental treatment, personal accident, personal liability, ​delay or loss of baggage, trip cancellation and interruption, trip delay, loss of passport, financial emergencies, and more
HDFC Ergo EasyTravel
Overseas travel insurance, covers medical treatment, dental treatment, repatriation of mortal remains, loss of passport, personal accident, personal liability, hijack daily allowance, total loss or delay of checked-in baggage, financial emergency in cash, trip delay, cancellation, curtailment, missed connection, and more


Travel insurance is a valuable investment for anyone planning a trip. It offers financial protection, peace of mind, and the assurance that unexpected events won’t derail your travel plans or leave you with a hefty bill. While it may seem like an additional expense, the benefits of travel insurance far outweigh the cost, especially when considering the potential risks associated with travel.

Before purchasing travel insurance, carefully read and understand the policy’s terms and coverage limits. Choose a plan that aligns with your specific travel needs and finance your travel, and don’t forget to compare quotes from different providers to find the best coverage at a competitive price. Ultimately, travel insurance is your safeguard against the unexpected, allowing you to enjoy your travels to the fullest, no matter where your wanderlust takes you.

Amit Arora


I am a seasoned retail banker with over 21 years of global experience across business, risk and digital. In my last assignment as Global Head Digital Capabilities, I drove the largest change initiative in the bank to deliver the end-to-end digital program with over US$1 billion in planned investment. Prior to that, as COO for Group Retail Products & Digital, I implemented a risk management framework for retail banking across the group.
Finnable Logo