To provide you with more options in this area, mymoneykarma has come up with a list of the best travel insurances of 2020, which you must definitely check out before deciding to go with one.
HDFC ERGO Travel Insurance
HDFC Travel insurance plan can be availed by any Indian citizen between the age of 6 months and 70 years. It provides the coverage for emergency medical expenses as well as personal accident. It also offers some non-medical covers for flight delay, loss of checked-in baggage, and passport or flight hijack.
There are various travel insurance plans which comes under HDFC, ergo:
- Individual Travel Insurance
- Family Floater Travel Insurance
- Annual Multi Trip Travel Insurance
- Student Travel Insurance
These cover single trip, multiple trips, and also offers a family floater plan with several sums insured options for the customers to choose from.
Apollo Munich Travel Insurance Plan
Apollo Munich Travel Insurance Plan provides a wide array of customized products to customers to suit their requirements. It also offers protection to the insured person against numerous risks, such as illnesses, thefts, and any such risky incidents - whether the person is traveling alone or with family.
This plan has five variants, namely Gold, Silver, Platinum, Bronze and Asian Region. The insured has the option to choose among various coverage options like - worldwide coverage, worldwide excluding the US and Canada, and coverage in Asia-Pacific excluding Japan. The company provides travel insurance policies to individuals, their families, and senior citizens.
This plan comprises two kinds of claims-
a. Cashless Claim: Under this claim, you should visit only those hospitals which are on the list of the insurer. Firstly a travel policy agent will conduct a verification, and after proper authorization, the amount will be sent to the hospital by the insurer.
b. Reimbursement Claim: In this claim, you can pay directly to the hospital and claim for reimbursement from the insurance company. The policyholder needs to submit some required documents along with the claim form to proceed with the request. Usually, the claims get settled within seven working days.
SBI Travel Insurance
SBI Travel Insurance offers extensive coverage to its policyholders. It protects the customer from any financial emergency that might arise while traveling abroad, irrespective of the purpose. Any Indian citizen having a minimum age of 6 months and a maximum age of 70 years can avail this insurance policy.
Foreign nationals employed in India can also apply for this travel insurance. As one of the most comprehensive plans in the travel insurance industry, it covers various expenses, such as medical bills, cost of evacuation & repatriation, travel support, trip cancellation costs, loss of passport, flight delay, daily allowance in case of hospitalization and personal accident.
This plan provides two privileges:
You can enroll in this plan for single trips. In such cases, the policy can be issued
for minimum one day and maximum up to 180 days.
If you purchase a multi-trip plan, it will be applicable for one year.
Bajaj Allianz Travel Insurance
Bajaj Allianz Travel Insurance policies meet the travel security needs of an individual as well as the entire family. A perfect vacation should not be ruined due to any financial loss or mishap as it takes a lot of effort and money to plan a trip abroad. So, to protect you from any such hassles, Bajaj Allianz has come up with a unique travel insurance policy which covers the medical expenses and the hospital fees in a foreign country.
The following are the travel insurance plans offered by Bajaj Allianz:
- Bajaj Allianz Individual.
- Bajaj Allianz Family.
- Bajaj Allianz Senior Citizen.
- Bajaj Allianz Student
Bajaj Allianz also offers a few customized travel insurance plans such as Travel Assist Plan, Swades Yatra Plan, Travel Asia Plan, Travel Companion Plan, and Travel Elite Plan to meet the special requirements of its customers.
ICICI Lombard Travel Insurance
ICICI Lombard travel insurance policy is popular for two significant reasons:
Immense coverage of expenses
Cashless facility.
It comprises three kinds of plans:
a. Single Round Trip
b. Senior Citizen
c. Gold Multi-Trip To Wind-up
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