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What is Covered under Travel Insurance

By Finserv MARKETS - Aug 14,2019
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What Does Travel Insurance Cover

Your international travel insurance will cover all the travel concerns, from trip cancellations, medical emergencies, flight delays, and lost luggage. Most insurance companies offer extensive overseas travel coverage that protects you from various mishaps that cause financial loss (before or during your big trip).

But before we dive deep into what is covered under travel insurance plans, let us understand what travel insurance is.

What is Travel Insurance?

A travel insurance plan is a kind of policy that financially covers you during various travel-related emergencies and expenses incurred. Some of these situations include trip-cancellation expenses, medical coverage, flight delays/cancellations, and luggage loss/delay.

As a matter of fact, most of the significant monetary losses are covered under a reliable travel insurance plan. You can purchase travel insurance online, as most insurance providers offer travel plans at affordable premiums.

On our platform, we offer a customized travel insurance plan that will fulfil your travel-related needs.

The Foreign

Travel Insurance Covers The Following:

1.Trip Cancellation

One of the main reasons why most people buy travel insurance online is that it provides financial protection when you are unable to take the trip. Having the trip cancellation coverage will allow you to recover all the prepaid and non-refundable trip expenses.

You get a 100% refund if you cancel your trip before leaving for the reasons covered under your policy. Some of the common reasons include –

  • Sickness or death of you, your travel companion or a family member
  • Severe weather conditions that prevented you from reaching your destination
  • A terror attack at your destination

Also, trip cancellation coverage comes along with an additional benefit known as a trip interruption. The trip interruption benefit will reimburse the unused trip expenses. At times, it also covers any other transportation expenses if you need to return home early.

2.Medical Emergency

Your regular medical insurance plans are most likely not to extend coverage overseas. However, travel insurance coverage comes with a built-in medical insurance policy that covers you in multiple countries when you are on a trip.

The two main benefits of travel medical insurance are –

  • Emergency Medical: This coverage reimburses expenses associated with medical treatments for any illness or injury caused during the trip.
  • Medical Evacuation: It is added alongside emergency medical coverage. With this benefit, you can arrange for your transportation to the nearest hospital in case of a medical emergency. You can bring you back home (if the hospital decides it is necessary for your situation).

3.Flight Delay

Apart from trip cancellation and medical emergencies, your travel insurance coverage comes in handy during flight delays or in case you miss your connecting flight.

The flight delay benefit will readily help you if your flight is delayed for reasons beyond your control – like severe weather or mechanical breakdown. Your travel insurance policy will refund your meals and hotel accommodations during the delay.

4.Loss or Theft of Luggage

The travel insurance policy covering your items includes loss, damage or delay of luggage. In case your luggage is delayed, you get a refund depending on the policy’s benefit limit for purchasing clothes and other essential items after 12-24 hours.

It is, however, noteworthy that this benefit will not cover the cost of the actual items that are delayed. However, in case of loss or permanent damage to the luggage, you will be reimbursed to replace the lost items.

Now that you know what is covered under your travel insurance plan make a note of things that are not covered under the policy.

What Is Not Covered Under A Travel Insurance Plan?

The things not covered under your travel insurance policy are as follows –

  • Emergency hospitalisation arising due to pre-existing medical conditions
  • The loss incurred due to the influence of intoxicants
  • When travelling abroad for cosmetic surgery or medical treatments
  • Travelling to participate in high-risk sports like bungee jumping or scuba diving
  • Flight/train delays or cancellations due to strikes, protests or civil unrest

Choose Bajaj Allianz Travel Insurance At Finserv MARKETS, Here’s Why?

You must have invested a fortune into planning a trip abroad and most certainly do not want anything to ruin it. Well, unforeseen events can take place at any time and anywhere. Medical emergencies can arise when travelling abroad.

In all such situations, a travel insurance plan comes in very handy. The Bajaj Allianz Travel Insurance policy will cover expenses for hospitalisation in foreign lands, loss of luggage, and other identical costs. It also covers you for trip cancellation, trip curtailment, and burglary at home.

That’s not it; we offer more:-

  • In-house claim processing unit
  • Emergency cash advance facility
  • Bajaj Allianz travel insurance global assistance – a worldwide leader of assistance

The Bottom Line

Travelling is better with travel insurance, as it covers expenses for any unfortunate events or mishaps before or during your trip.

Are you planning a big trip soon? Don’t have a travel insurance policy?

In that case, get it through our Insurance section. You can benefit from features like hassle-free settlements, extensive coverage, and 24×7 assistance. Also, it has a fast online process and requires no tedious paperwork or documentation.

So, apply for a Bajaj Allianz travel insurance plan on our platform today!

Read about the various benefits of travel insurance to use your policy properly.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor-made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we works towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522