Top 5 Travel Insurance Companies In India
- By Anand Nathani
- Reading Time : 4 Minutes
- Updated On February 1, 2024
- 3:10 pm
Introduction
Travel insurance is necessary to travel abroad. The purpose of travel insurance is to provide financial protection and peace of mind as international travel presents unique challenges and potential risks.
In this blog post, I have selected the Top 5 Travel Insurance Companies In India. These General Insurance companies through their Travel Insurance policies offer the best medical and non-medical coverage to travelers traveling internationally to countries such as the USA or Canada, Schengen countries, Asia, and the rest of the world.
These 5 travel insurance companies offer customised single-trip and multi-trip policies for individuals, students, and senior citizens to take care of these situations. They provide a safety net in situations where you may not have the same level of support and resources as in your home country.
Through this blog, I’ll also walk you through the steps required to obtain these policies highlighting various features and benefits, eligibility criteria, and application process.
Table of Contents
ICICI Lombard Travel Insurance
ICICI Lombard is one of the leading travel insurance companies in India that offers various travel insurance products. It is owned by ICICI Lombard General Insurance Company Limited. The travel insurance policies of this company are designed to provide coverage and protection for individuals and families traveling within India and abroad. The policy covers not only your safety but also provides value-added services for your family members back home.
ICICI Lombard Travel Insurance Plans
ICICI Lombard offers four different types of travel insurance plans. These plans cover travels to the USA or Canada, Schengen countries, Asia, and the rest of the world.
- ICICI Lombard Platinum Travel Insurance Plan for single round trip
- ICICI Lombard Gold Travel Insurance Plan for single round trip
- ICICI Lombard Silver Travel Insurance Plan for single round trip
- ICICI Lombard Gold Multi-trip
Eligibility Criteria
The Eligibility criteria for ICICI Lombard’s Travel Insurance policy are as follows:
- Age: 91 days to 85 years
- Duration: 2 days to 356 days
- Travel Insurance for Non-Schengen countries: 2 days to 182 days (extendable up to 356 days)
- Travel Insurance for Schengen countries: 2 days to 182 days
Salient Features and Benefits
- ICICI Lombard provides a gamut of coverages and plans to suit every individual’s needs. The various available plans of Travel Insurance of ICICI Lombard, cover travelers from the age of 3 months to 85 years, without any medical check-up for policy issuance.
- Cashless hospitalisation worldwide
- Pay per day: Slab rate for first 7 days only, then pay per day basis.
- The company has a 360-day travel insurance plan. An initial 180 days of policy which can be extended further up to 180 days. It covers medical expenses, loss of baggage, passport, and personal belongings, trip cancellation and interruption, emergency cash advance, and more.
- Destination-specific coverage includes the USA or Canada, Schengen countries, Asia, and the Rest of the world
- Choice of option between a Single Trip and Multi-Trip policy
- Premium applicable on the basis of Pay per day: Slab rate for first 7 days only, then pay per day basis.
- Value-added services for insured dependents in India on select plans
Medical and Non Medical Coverage
ICICI Lombard offers a range of travel insurance plans under Platinum, Gold and Silver that provide medical and non-medical coverage for travel to different countries including the USA or Canada, Schengen countries, Asia, and the rest of the world. These plans cover medical eventualities including hospitalization due to unexpected illness or injury and various other medical benefits when you travel internationally. The coverage amounts vary based type of Plans
The following Tables illustrate medical and non-medical coverage offered by the insurance provider. For more details, please refer to the brochure by visiting the official website of ICICI Lombard General Insurance Company Limited.
BENEFITS- MEDICAL COVERAGE
| DESCRIPTION | PLATINUM PLAN | GOLD PLAN | SILVER PLAN |
|---|---|---|---|
| Medical Evacuation cost | $50,000 to $5,00,000 | $50,000 to $5,00,000 | $50,000 to $5,00,000 |
| Repatriation of Remains | $7,500 | $7,500 | $7,500 |
| Daily allowance in case of hospitalisation | $50 per day (Max 5 days) | NA | NA |
| Dental treatment | $300 | $300 | $300 |
| Personal Accident | $15,000 | $15,000 | NA |
| Personal Liability | $1,00,000 | $1,00,000 | NA |
| Accidental death (Common Cover) | $5,000 | $5,000 | NA |
BENEFITS- NON- MEDICAL COVERAGE
| DESCRIPTION | PLATINUM PLAN | GOLD PLAN | SILVER PLAN |
|---|---|---|---|
| Total loss of checked in baggage | $2000 | - | - |
| Bounced Booking Hotel/Airlines | $2000 | - | - |
| Delay of checked-in baggage | $100 | $100 | _ |
| Loss of Passport | $300 | $300 | $50 |
| Trip Cancellation and Interruption | $500 | $500 | _ |
| Trip delay | $500 | $500 | _ |
| Emergency cash advance | $1000 | $1000 | |
| Missed flight connections | $500 | $500 | _ |
Application Process
- You can apply for ICICI Lombard’s travel insurance policies online by following these steps:
- Visit the official website of ICICI Lombard General Insurance Company Ltd
- Select the type of travel insurance policy you need, such as single-trip or multi-trip.
- Enter your travel details, such as the start and end date of your trip and the countries you’re visiting.
- Enter your personal details, such as your name, age, and contact information.
- Review the policy details and select the coverage amount that suits your needs.
- Make the payment online using a credit card, debit card, or net banking.
- Once you’ve completed these steps, you will receive a confirmation email with your policy details and other relevant information.
If you need assistance with buying a policy or have any queries related to claims, you can contact the ICICI Lombard Insurance customer support team at 1800-102-5721 (Toll- Free) or 1800-103-2292, or write to customersupport@icicilombard.com
Religare Travel Insurance
Religare Travel Insurance is part of Care Health Insurance Ltd, formerly known as Religare Health Insurance. Care Health Insurance is a subsidiary of Religare Enterprises, a diversified financial services group in India. It offers various types of travel insurance plans for individuals and families, covering medical expenses, personal accidents, loss of passport and baggage, trip delay and cancellation, and more.
Religare Travel Insurance Plans
Religare Travel Insurance offers two different types of plans for single and multi-trip travels
- Religare Explore Gold Travel Insurance Plan for Single and Multi-trip
- Religare Explore Platinum Travel Insurance Plan for Single and Multi-trip
Eligibility Criteria
Any Indian citizen can apply for travel insurance policies from Religare for international trips. The eligibility criteria are :
- The minimum and maximum entry age for a child is one day and 24 years respectively.
- The minimum entry age for an adult is 18 years. There is no maximum age limit for an adult
Salient Features and Benefits
- Hassle-free in-house Cashless Claim settlement
- Cashless treatment at empanelled hospitals
- Region-specific plans to suit your needs
- Business class up-gradation
- Coverage for emergency conditions due to pre-existing illnesses
- Customised international travel insurance cover
- Claim assistance 24 x 7
- Trip options: Single and Multi-trip
- Family option *: Single Trip only (* More than one family member is covered under the same policy for the same sum insured on an individual basis
Medical and Non- Medical Coverage
Religare offers a range of travel insurance plans suitable to your requirements. They have Platinum and Gold plans to choose from. All these plans cover medical eventualities including hospitalisation due to unexpected illness or injury and various other medical benefits.
The following Tables illustrate various benefits offered under medical and non-medical covers by the insurance provider.
BENEFITS - MEDICAL COVERAGE
| DESCRIPTION | COVERAGE AMOUNT |
|---|---|
| Sum Insured | $50,000 to $5,00,000 |
| Inpatient Care | Up to Sum Insured |
| Life threatning condition for PED | 10% of SI |
| Additional sum Insured for accidental hospitalisation | Yes. 100% of Sum Insured |
| Outpatient Care | $50,000 |
| Personal Accident | $15.000 |
| Personal Liability | $1,00,000 |
| Accidental death ( Common Carrier ) | $5,000 |
| Daily allowance in case of hospitalisation | Up to $25 per day |
| Dental Treatment | $300 |
| Medical Evacuation | $50,000 |
| Repatriation of Remains | $50,000 |
BENEFITS- NON MEDICAL COVERAGE
| DESCRIPTION | COVERAGE AMOUNT |
|---|---|
| Trip cancellation and interruption | $ 1000 |
| Return of Minor children | $5000 |
| Compassionate visit | $2000 |
| Trip delay | $500 |
| Loss of Passport | $300 |
| Loss of Checked-in baggage | $100 |
| Delay of checked -in baggage | $100 |
Application Process
You should spend lots of time and effort selecting a travel insurance plan when traveling internationally. Various factors need to be considered to get a tailor-made customised policy from the insurance provider,
Here are a few steps that need to be followed to apply.
- Access the official website of Care Health Insurance Ltd
- Enter your personal details such as mobile number, pin code, and more.
- Click on ” Get a Quote”
- Click on “Next”
- Enter details of the Proposer and insured person
- Enter details of the country or countries you are traveling
- Enter Trip duration, pre-existing conditions
- Select your coverage
- Click on ” Done” to calculate the Premium
- Make the payment online using a credit card, debit card, or net banking.
- Once you’ve completed these steps, you will receive a confirmation email with your policy details and other relevant information.
If you need assistance with buying a policy or have any queries related to claims, you can contact the Care Health Insurance customers support team at 1800-102-4488 (Toll- Free) or Fax to 1800-100-5577 or write at travelassistance@careinsurance.com
Future Generali Travel Insurance
Future Generali India Insurance Company Limited is one of the leading travel insurance companies in India that offers various travel insurance products. The travel insurance policies of this company are designed to provide coverage and protection for individuals and families traveling within India and abroad. The policy covers not only your safety but also provide value-added services for your family members back home.
Future Generali Travel Insurance Plans
- Future Generali offers four travel insurance plans.
- Future Generali Worldwide Travel Insurance Plan
- Future Generali Schengen Travel Insurance Policies under Standard, Silver and Gold Plans
- Future Generali Overseas Travel Insurance Plan
- Future Generali Student Travel Insurance Plan
Eligibility Criteria
The eligibility criteria for Future Generali Travel Insurance policy are as follows:
- You should be a citizen of India
- For Schengen and Worldwide travel insurance policies, the Age criteria is between 18 years to 70 years for adults and between 06 months to 25 years for children.
- For Asia travel, adults between the ages of 18 years and 65 years and children between the ages of 06 months and 25 years can purchase the travel insurance policy under the family floater scheme
Salient Features and Benefits
- Worldwide Service Provider
- 24 x 7 Tollfree assistance
- Worldwide Emergency/Medical and travel assistance services
- Comprehensive coverage
- Region-specific plans to suit your needs
- Tailormade Travel Insurance Plans for Schengen Countries
- Instant Policy issuance
- Online Policy Purchase
- Easy and Cashless settlements
- Automatic extension of Travel Insurance Policy for 7 Days
Medical and Non- Medical coverage
Future Generali offers a range of travel insurance plans suitable for your requirements. They have Standard, Silver, and Gold plans to choose from. All these plans cover medical eventualities including hospitalisation due to unexpected illness or injury and various other medical benefits.
The following Tables illustrate various benefits offered under medical and non-medical covers by the insurance provider for travel to Schengen countries.
BENEFITS - MEDICAL COVERAGE
| DESCRIPTION | STANDARD PLAN | SILVER PLAN | GOLD PLAN |
|---|---|---|---|
| Medical Expenses | €30,000 | €50,000 | €1,00,000 |
| Dental Treatment | €200 | €200 | €200 |
| Personal Liability | No Cover | €50,000 | €1,00,000 |
| Accidental death (Common Carrier) | €3,500 | €3,500 | €10,000 |
BENEFITS - NON-MEDICAL COVERAGE
| DESCRIPTION | STANDARD PLAN | SILVER PLAN | GOLD PLAN |
|---|---|---|---|
| Hijack Cover | No Cover | €50 per day, Max 7 days | €100 per day, Max 7 days |
| Trip cancellation & Interruption | €200 | No Cover | €300 |
| Trip curtailment | No Cover | No Cover | €200 |
| Trip delay | No Cover | €50 | €20 per 12 hrs, Max 120 hrs |
| Missed connection | No Cover | No Cover | €350 |
| Loss of Checked- in baggage | €200 | €350 | €500 |
| Delay of checked-in baggage | No Cover | €50 | €100 |
| Loss of passport | €200 | €200 | €250 |
| Financial Emergency Assistance | No Cover | No Cover | €300 |
| Automatic extension for 7 days | No Cover | No Cover | Available |
| Compassionate visit | No Cover | No Cover | €500 |
Application Process
You can apply for Future Generali travel insurance policies online by following these steps:
- Visit the official website of Future Generali India Insurance Company Ltd
- Select available policies and click on policy plans that suit your requirements.
- Get a quick quote by filling in your basic travel and visa details
- Select a quote and fill out the proposal form
- Answer questions mentioned in the form about travel and related information
- Pay the premium amount by making the payment online using a credit card, debit card, or net banking
- Future Generali will send the Policy to your registered E-Mail ID and mobile number once confirmed.
If you need assistance with buying a policy or have any queries related to claims, you can contact the Future Generali Health Insurance customer support team at 180-220-233 or 1860-500-3333 (Toll- Free) or write to us at fgcare@futuregenerali.in
Reliance General Insurance
Reliance General Insurance, a part of Reliance Capital, is one of the leading general insurance companies in India. The Company offers a well-rounded and comprehensive bouquet of Travel Insurance policies. It offers customised solutions through Reliance Travel Care to meet the protection needs of each customer.
This policy provides coverage for various unfortunate events that can occur during international travel such as trip cancellations, medical expenses, loss of passport, baggage, and more.
Reliance General Insurance Plans
- Reliance Travel Insurance offers various travel insurance plans and coverages to suit every individual’s needs. The policy is available for travel to the USA or Canada, Schengen countries, Asia, and the rest of the world.
- Reliance Travel Care Overseas Insurance Policy
- Reliance Travel Care Schengen Insurance Policy
- Reliance Travel Care Asia Insurance Policy
- Reliance Travel Care Student Insurance Policy
- Reliance Travel Care Senior Citizen Insurance Policy
- Reliance Travel Care Annual Multi-Trip Insurance Policy
- Reliance Travel Care Inland Policy
Eligibility Criteria
The eligibility criteria for Reliance General Travel Insurance policy are as follows:
- You should be a citizen of India
- The maximum entry age is 90 years for senior citizens, frequent flyers, and Schengen countries
- Students should have a minimum and maximum entry age of 16 years and 35 years respectively.
Salient Features and Benefits
Reliance Travel Insurance provides a gamut of coverages and plans to suit every individual’s needs. Some of the Salient Features of these plans and coverages are :
- The company has a 360-day travel insurance plan. An initial 180 days of policy which can be extended further up to 180 days. It covers medical expenses, loss of baggage, passport, and personal belongings, trip cancellation and interruption, emergency cash advance, and more.
- The Maximum Entry Age for travel insurance plans is 90 years for Schengen, senior citizens, and frequent flyers. For students, the maximum entry age is 35 years.
- No medical checkups for senior citizens up to the age of 80 years
- Covers declared life-threatening pre-existing diseases up to the age of 70 years
- Covid-19 cover available
- Cashless emergency treatment at 7300+ networked hospitals across the world
- 24 x 7 emergency assistance available
- In-house claim settlement
- Claim Settlement Ratio 94% ( 2019-20 )
- Customised Destination specific coverage including the USA or Canada, Schengen countries, Asia, and the Rest of the world
Medical and Non- Medical Coverage
Reliance General Insurance offers a range of travel insurance plans suitable for your requirements. They have Basic and Standard plans to choose from. All these plans cover medical eventualities including hospitalisation due to unexpected illness or injury and various other medical benefits.
The following Tables illustrate various benefits offered under medical and non-medical covers by the insurance provider for travel to Schengen countries.
BENEFITS - MEDICAL COVERAGE
| DESCRIPTION | BASIC PLAN | STANDARD PLAN |
|---|---|---|
| Medical Expenses | €30,000 | €50,000 |
| Personal Accident | €10,000 | €15,000 |
| Personal Liability | NIL | €50,000 |
| Accidental death ( Common Carrier ) | NIL | €2,500 |
| Dental Treatment | €500 | €500 |
BENEFITS - NON-MEDICAL COVERAGE
| DESCRIPTION | BASIC PLAN | STANDARD PLAN |
|---|---|---|
| Loss of Passport | NIL | €300 |
| Total Loss of checked-in baggage | NIL | €500 |
| Delay of checked -in baggage | NIL | €100 |
| Compassionate visit | NIL | Return fare for one person |
Application Process
You can apply for Reliance travel insurance policies by following basic steps. As the company follows a zero paperwork policy, the application procedure is simple and hassle-free:
- Visit the official website of Reliance General Insurance Company Limited
- Select available policies and click on policy plans that suit your requirements.
- Get a quick quote by filling in your basic travel and visa details
- Select a quote and fill out the proposal form
- Answer questions mentioned in the form about travel and related information
- Pay the premium amount by making the payment online using a credit card, debit card, or net banking
- Reliance General Insurance will send the Policy to your registered E-Mail ID and mobile number once confirmed.
- You can also download the policy from their official site
Note :
- If you need assistance with buying a policy or have any queries related to claims, you can contact the Reliance General Insurance customer support team at National Toll-Free No. 1800-209-55-22 or Landline No. +91-22-67347843/44 or write to us at rgicl.services@relianceada.com
Tata AIG Travel Insurance
TATA AIG General Insurance Company Limited is a joint venture between the Tata Group and American International Group (AIG). The company has been in operation since January 22, 2001, and has grown to become one of India’s leading private general insurance companies TATA AIG offers a range of travel insurance products to suit every individual needs
Tata AIG Travel Insurance Plans
Tata AIG Travel Insurance offers various travel insurance plans and coverages to suit every individual’s needs. It has travel insurance plans for students and senior citizens, Schengen countries, Asia, and the rest of the world. It also offers a travel insurance policy for domestic travel.
- TATA AIG Travel Guard Silver Insurance Policy
- TATA AIG Travel Guard Silver Plus Insurance Policy
- TATA AIG Travel Guard Gold Insurance Policy
- TATA AIG Travel Guard Platinum Insurance Policy
Eligibility Criteria
Tata AIG Travel Travel Guard Insurance policy is available for all entry ages under different plans from the age of 6 months onwards till 70 years of age. It is ideal for those traveling to Schengen countries, within Asia or, the rest of the world. For Domestic travel, any Indian citizen traveling by road, rail, or air within India is eligible to buy this policy.
Salient Features and Benefits
- Hassle-free claim procedure
- 24 x 7 In-house Claim Assistance
- Medical tests are not required. The Policy can be obtained immediately
- Covid -19 cover available
- Cashless treatment at impanelled hospitals
- pays you for the unauthorized usage of a lost payment card, up to 12 hours of reporting.
- It does not cover pre-existing medical conditions or any complications arising from it.
- In a life-saving unforeseen emergency condition, TATA AIG would reimburse up to $1500 per policy.
Medical and Non-Medical Coverage
Tata AIG offers a range of travel insurance plans suitable for your requirements. They have Platinum, Gold, Silver Plus and, Silver plans to choose from. All these plans cover medical eventualities including hospitalisation due to unexpected illness or injury and various other medical benefits.
The following Tables illustrate various benefits offered under medical and non-medical covers by the insurance provider.
BENEFITS- MEDICAL COVERAGE
| DESCRIPTION | PLATINUM PLAN | GOLD PLAN | SILVER PLUS PLAN | SILVER PLAN |
|---|---|---|---|---|
| Medical Expenses including medical evacuation | $5,00,000 | $2,50,000 | $1,00,000 | $50,000 |
| Repatriation of Remains | $25,000 | $15,000 | $10,000 | $10000 |
| Dental treatment | $300 | $400 | $500 | $1000 |
| Personal Accident | $25,000 | $15,000 | $10,000 | $10000 |
| Personal Liability | $5,00,000 | $2,00,000 | $1,50,000 | $1,00,000 |
| Accidental death (Common Carrier) | $5000 | $5000 | $5000 | NA |
BENEFITS- NON- MEDICAL COVERAGE
| DESCRIPTION | PLATINUM PLAN | GOLD PLAN | SILVER PLUS PLAN | SILVER PLAN |
|---|---|---|---|---|
| Total loss of checked in baggage | $500 | $500 | NA | NA |
| Bounced Booking Hotel/Airlines | $1000 | $750 | $500 | $500 |
| Delay of checked-in baggage | $500 | $200 | $100 | $50 |
| Loss of Passport | $250 | $250 | $250 | $250 |
| Trip Cancellation and Interruption | $1000 | $750 | $500 | $500 |
| Trip delay | $10 per 12 hrs | $10 per 12 hrs | $10 per 12 hrs | $10 per 12 hrs |
| Emergency cash advance | $1500 | $1000 | $750 | $500 |
| Loss of baggage | $1000 | $1000 | $750 | $500 |
| Missed flight connections | $1000 | $750 | $500 | $500 |
| Hijack distress allowance | NA | $100 Per day | $100 Per day | $100 Per day |
Application Process
You can buy a TATA AIG travel insurance policy online by following these simple steps:
- Visit the official website of TATA AIG General Insurance Company Ltd.
- Select the type of policy you want to buy.
- Fill in the required details such as your travel dates, destination, and personal information.
- Choose the coverage amount and add-ons that suit your needs.
- Review your policy details and make the payment online.
- Tata AIG will send the Policy on your registered E Mail ID and mobile number once confirmed.
- You can also download the policy from their official site
If you have any queries or need assistance with buying a policy, you can contact TATA AIG’s customer service team at 1800-266-7780 or write to customersupport@tataaig.com
Conclusion
In conclusion, choosing the right travel insurance is a crucial step for any traveler, and insurance providers offer various options to meet different needs. I have explored the top 5 travel insurance companies in the country, each with its unique set of benefits, eligibility criteria, salient features, and application processes.
When deciding on the best travel insurance company for your needs, it’s essential to weigh various factors against your travel plans, budget, and eligibility criteria. Remember that the best choice may vary from person to person, and it’s crucial to read the policy details carefully.
In any case, whether you’re embarking on a relaxing vacation or a thrilling adventure, having the right travel insurance can provide you with peace of mind and financial security in case of unexpected events.
FAQ
What is the average cost of travel insurance in India?
The average cost of travel insurance in India is somewhere between 4% to 12% of the total cost of your trip. For instance, if the total cost of your trip is Rs 1 lakh, then your travel insurance policy may cost you somewhere between Rs 4000 to Rs 12,000. However, the cost of travel insurance can vary depending on several factors such as your age, trip duration, and specific conditions.
How do I choose a good travel insurance company?
Choosing a good travel insurance company can be a daunting task. Here are some tips that can help you make an informed decision:
- Check the claim settlement ratio:
- Read reviews and ratings
- Compare policies and prices:
- Check the coverage:
- Check the customer support
How do I renew my travel insurance policy?
To renew your travel insurance policy, you can visit the website of your insurance provider and follow the instructions provided. Most insurance companies allow you to renew your policy online within a few minutes by logging into their website and entering your policy number, passport details and other relevant information.
What is the maximum duration of a travel insurance policy?
The maximum duration of a travel insurance policy can vary depending on the insurance provider and the type of policy you choose. For instance, most insurers allow a maximum duration of up to six months for a single trip. However, some policies may have a shorter or longer duration depending on the specific conditions.
how can I cancel my travel insurance policy
To cancel your travel insurance policy,
- You need to contact your insurance company directly. Some insurance providers allow you to cancel your coverage online or by phone. But some insurers require policyholders to cancel their insurance policy in writing. It is important to review the policy documents carefully and understand its contents and cancellation policies before you buy it.
- If you have cancelled your trip and not made any claims towards the policy, you simply have to deposit your proof of passport to show that you did not undertake the journey for your planned trip. Usually, a request for cancellation is considered within 14 days after the commencement of the policy, as given in the schedule.