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Individual Travel Insurance: An Overview

Travel insurance, as the name suggests, is an insurance policy that will provide you a financial cover in case of any unforeseen circumstances while you are travelling abroad. It is advisable to purchasable individual travel insurance, specially when you are exploring or back-packing in a new country by yourself.

Individual Travel Insurance vs. Family Travel Insurance

While traveling abroad can be an enriching experience, the same can turn out to be a nightmare in case of mishaps that lead to financial loss and stress. Therefore, it is highly recommended that you buy an individual travel insurance policy when travelling abroad alone to mitigate any unforeseen risks. Whereas, if you and your family are exploring a new country together, it is advisable that you purchase a family travel insurance plan to cover all your loved ones in case of an emergency.

Features and Benefits of Individual Travel Insurance

Key features and benefits of individual travel insurance are discussed below:

  • Compensation for flight issues

With an Individual Travel Insurance policy, you can be compensated for incidents like a flight delay or flight cancellation. What’s more? You will also receive reimbursement for your accommodation during the waiting period.

  • Hospitalization and medical emergency

What would you do if you meet with an accident on your trip abroad or a medical emergency strikes you? If you have a travel insurance policy, all the expenses including the cost of hospitalization will be borne by the insurance company.

  • Travel and accommodation

Any emergency (should not be health related) during the trip, which leads to delay or termination, will be covered by the insurance plan. In addition, any expenses which arise in case of an extra night spent at the hotel or an extra meal at the restaurant will also be covered in the policy.

What's Covered in Individual Travel Insurance?

Traveling abroad for personal or business reasons requires planning and involves risks too. With travel insurance enjoy a hassle-free trip and get covered against unforeseen medical emergencies, change in travel plans, trip cancellation or loss of personal belongings.
  • Trip Cancellation

    This is the #1 concern for travellers. This plan reimburses you for pre-paid, non-refundable expenses if you cancel your trip before departure.

  • Medical Expenses up to $10,00,000

    Be it hospitalization or day care procedures, this plan offers coverage up to $10,00,000 - the highest in the industry.

  • Trip Curtailment up to $500

    In case you cut short your trip and return to India, this plan covers any losses incurred due to cancellation of accommodation and change in airfare.

  • Trip Delay cover per 12 hrs

    Flight delayed? No worries! This plan provides reimbursement for additional expenses incurred such as an extra night in a hotel or a meal at a restaurant.

  • Medical Repatriation up to $6000

    This involves arranging for transport to move an insured to their country of residence during a medical emergency.

  • Personal Accident Cover (in India) up to Rs.50,000

    Injured on your way to/from the airport during your trip? Don’t worry, personal accident situations are covered under this plan.

  • Personal Accident

    Should an accident occur during your travel, depending on the severity of the incident, this plan provides coverage up to $25,000.

  • Coverage against Home Burglary

    Worried about home burglary when travelling abroad? This plan provides coverage up to Rs.3,00,000, if you face such a situation.

  • Emergency Cash Benefit

    Faced with a financial crisis when travelling? This plan offers emergency cash benefits up to $1500.

  • Hospitalization Daily Allowance

    Travel insurance plans provide daily allowance in the event of hospitalization.

  • Coverage against Loss of Passport and Checked Baggage

    Travel insurance plans cover the cost of procuring a duplicate passport (up to $300). What's more, in the event of your baggage being misplaced by airlines, this plan provides coverage for this too!

  • Coverage against Hijack

    Should the aircraft you are travelling in be detained by hijackers, this plan promises coverage in the face of such eventualities.

Exclusions in Individual Travel Insurance

  • Losses arising from accidents as a driver on motorized vehicles unless at the time of the accident the insured is in possession of a current full international driving license and while riding a two-wheeler is wearing a safety crash helmet.

  • Pregnancy resulting in childbirth, miscarriage, abortion, termination of pregnancy or complication arising out of any of the foregoing.

  • Losses arising directly or indirectly from manual work or hazardous occupations, self-exposure to needless peril (except in an attempt to save human life), or if engaging in any criminal or illegal act.

  • Any medical condition or complication which existed before the commencement of the policy period, or for which care, treatment or advice was sought, recommended by or received from a physician.

  • Loss or damage to the insured’s passport as a result of confiscation or detention by customs, police or any other authority.

  • Loss of passport which is not reported to the appropriate police authority within 24 hours of the discovery of the loss, and in respect of which an official report has not been obtained.

  • Loss caused by the insured’s failure to take reasonable steps to guard against the loss of the passport.

  • The insurer will not pay for any departure which is delayed as a result of the insured or any other person who is responsible for the travel arrangements and failed to check-in correctly as required by the airline.

  • The insurer will not pay for any delayed departure caused by a strike or industrial action known to exist or was anticipated at the time the trip was booked.

  • The insurer will not pay for any delay if the aircraft is taken out of service on the instructions of the Civil Aviation Authority or other competent statutory authority except due to bad weather conditions.

  • The insurer will not pay for any bail amount where the insured has been charged for breaking the law with criminal intent.

  • The insurer will not pay for any bail amount where the insured has been charged for over speeding in a vehicle.

  • The insurer will not pay for any deductible mentioned in the Schedule (pertaining to loss of laptop).

  • The insurer will not pay for any electrical or mechanical breakdown of the laptop.

  • The insurer will not pay for loss of software or data in the laptop and any consequential loss.

  • The insurer will not pay for loss or damage arising from detention, confiscation, destruction or requisition by or under the order of any government and/or public or local authority.

  • Congenital anomalies or any complications or conditions arising there from.

  • Any Fertility, sub fertility, impotence, assisted conception operation or sterilization procedure.

  • For the complete list of exclusions, refer to the PDF in the 'Download' section.

Why choose Bajaj Markets For Individual Travel Insurance

Fast online process

No tedious paperwork or heavy documentation. Three steps are all it takes! Also, you receive your policy within minutes in your mailbox!

Hassle free settlement

Claim settlement ratio of 93% and no third-party involvement. Use Travel Ezee for instant reimbursement of flight delay expenses.

Covered across geographies

With 10000+ network hospitals around the globe and highest emergency cash benefit, no matter where you go, we've got you covered.

On Call support

Get on-call support anywhere in the world.

Trusted companion

100 million+ happy customers across India have chosen Bajaj Markets as their trusted financial partner. It's your time now!

How To Apply For Individual Travel Insurance?

No rocket science here! Follow 5 simple steps and you’re done.

  • Choose your destination

  • Select the travel dates

  • Enter coverage

  • Fill form and complete payment

  • Policy issued

Claim Process for Individual Travel Insurance

Filing claims was never so easy. Just follow these steps and your're done.

  • Register Your Claim Online

  • Upload Documents Online

  • Claim Assessment

  • Claim Decision

For information on your travel insurance policy, refer to the 'Process' section below.

Medical

  • Updating the Insurer

    Use the link below to inform and register your claim.

    Travel Insurance Claim Registration Link

  • Document Collection

    Get all the documents required for the claim settlement process.

    For Personal Accident Cover related claims, the insured must file an FIR with the police and submit the same to the insurer.

  • Document Validation

    Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!

  • Document Submission

    For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.

  • medical_desc

Trip Cancellation/Trip Delay/ Missed Connection

  • Updating the Insurer

    Use the link below to inform and register your claim.

    Travel Insurance Claim Registration Link

  • Document Collection

    Get all the documents required for the claim settlement process.

    For Trip Delay - If the delay is more than 6 hours, the insured must contact the authorities of the concerned airlines, lodge a complaint and obtain a PIR (Property Irregularity Report) report from them.

    For Missed Connections - If the delay exceeds the specified time limit mentioned in your insurance plan and this results in a missed connection, please contact the authorities of the concerned airlines, lodge a complaint and obtain a PIR (Property Irregularity Report) report from them.

  • Document Validation

    Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!

  • Document Submission

    For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.

Baggage Delay/Loss of Baggage

  • Updating the Insurer

    Use the link below to inform and register your claim.

    Travel Insurance Claim Registration Link

  • Document Collection

    Get all the documents required for the claim settlement process.

    In the event of baggage loss/delay, the insured must contact the concerned airlines, file a complaint and obtain a PIR (Property Irregularity Report). 

  • Claim Validation

    Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!

  • Document Submission

    For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.

Cancellation Process

  • Cancellation of Policy before Start Date - Premature

    • You must inform the insurance company in writing/e-mail requesting cancellation of the policy. The e-mail should contain the policy/schedule number.
    • A cancellation fee of Rs. 250/- will be charged.

  • Cancellation of Policy after the Start Date – If the Insured has not traveled

    You must inform the insurance company in writing/e-mail requesting cancellation of the policy. The e-mail should contain the policy/schedule number along with the following details.

    • Proof that the he/she has not traveled overseas.
    • Photocopy or scanned copy of passport (all pages including ones that are blank).
    • Visa rejection letter in the event visa refusal by the respective embassy.

    Based on the approval of the underwriters, the policy will be cancelled within one working day after receiving an email and the required documents from the insured. 

  • Cancellation of Policy after the Start Date – If the Insured has traveled

    In case of any early return of the insured person prior to expiry of the policy period, the company will refund premium at the rates shown in below table (subject to no claims being incurred on the policy). To know the percentage of premium to be retained by the insurer, refer to the table below.

    Period of Risk Percentage of Premium
    About 50% of Policy Period 1
    Between 40% - 50% of Policy Period 0.8
    Between 30% - 40% of Policy Period 0.75
    Between 20% - 30% of Policy Period 0.6
    Policy Inception - 20% of Policy Period 0.5

Documents required for buying individual travel insurance

For added convenience, you can buy a travel insurance plan online from the comfort of your home. All you need to provide is your age proof, travel dates, and the prepaid trip cost. However, different companies have different documentation requirements and it is advisable to check with the insurer to know their documentation requirement.

Apart from these benefits, if you are a student travelling abroad to study in a foreign university, you should consider purchasing a student travel insurance policy. It will cover your medical expenses and loss of laptop for the duration of your higher education. 

Get answers to all your queries

✔️While I am travelling overseas, can I avail cashless facility for hospitalization?

Yes, our partner Bajaj Allianz offers cashless facility for hospitalization under its Individual Travel insurance. Under this facility, if the policy holder undergoes treatment in any one of the network hospitals, then he/she does not need to pay in cash at the time of discharge.

✔️How can I avail the cashless benefit if I am unable to connect to the toll-free number?

In case you are unable to reach us over call, please write to us at travel@bajajallianz.co.in mentioning your contact number in the mail. The Bajaj Allianz team shall immediately respond to your email and arrange a call within 24 to 48 hours.

✔️When can I cancel my policy?

You can cancel your policy before the starting date of your trip.

✔️How can I get a refund for the unused amount if I cut short my trip and return early?

Under the trip curtailment feature of the policy, you can claim an early return and thereby get a refund for the unused amount.

✔️Can I raise a claim when I am travelling to an international location?

Yes, you can raise a claim while travelling internationally. To raise a claim, you can call us on our toll-free number(s) (country wise) given in your policy document. Or you can also write to insuranceconnect@bajajfinservmarkets.in