A weekend well spent with family and friends away from the tension of work is always an option for a working individual. Traveling is one of the best ways to refresh your mind and soul. It helps you discover yourself and adds to various happy moments to your life. But what if, something bad happens prior or during your trip?
There is always a probability of something bad happening. Therefore it is better to take some protection before advancement of the trip. To overcome any unforeseen events, there is a need for a perfect travel insurance plan which covers almost every need of yourself and your family. While traveling, you can come across various adverse situations such as sudden illness, loss of baggage, delay/cancellation of flights, etc.
What is travel insurance?
Travel Insurance is like any other insurance which takes care of you financially. The travel insurance plans will cover all the expenses related to any mishappenings or unfortunate events while traveling. Almost every financial loss is covered by the travel insurance company as predefined in the contract. The benefits are relatively higher in comparison to the price they charge for any plan.
Why is travel insurance plan necessary?
If you are going for a family trip or going out with friends, then it is a need to take some travel insurance plan beforehand. These travel insurance plans are necessary to guard yourself against instant debts. There are many risks covered by the insurance companies, some of them are mentioned below.
- Medical emergency
- Cancellation or interruption of the trip
- Repatriation of Remains
- Accidental injury or death
- Overseas funeral expenses
- Loss of baggage, passport or any other document
- Flight connection missed because of airline schedule
- Return of a minor
As we all know the circumstances which you can come across while traveling. Therefore there is a need to choose the best travel insurance plan accordingly.
Following is the list of the top five travel insurance companies of 2017:
ICICI Lombard Travel Insurance
The insurance company bagged the first position in 2015 for their services. They are successful for the two primary reasons: coverage for people and cashless facility. Currently, they offer four types of plans: Single Round Trip, Senior Citizen, and Gold Multi-Trip.
Bajaj Allianz Travel Insurance
TATA AIG is another top insurance policy provider in the industry. Lately, they have made a name for themselves by providing four different policies ensuring the safe travel for their customers. It includes Travel Guard, Student Guard, Asia Travel Guard, and Domestic Travel Guard.
TATA AIG Travel Insurance
There are different situations in which the travel insurance company will cover the financial needs of the insured. The travel plans are customized under the name of Travel Asia. They offer different plans for different categories such as Individual, Family, Senior Citizen, Student, and Corporate.
Apollo Munich Travel Insurance
Apollo Munich has become one of the most reputed companies in the field of insurance. They have successfully carved out a niche in travel by providing some exclusive deals included in their travel insurance plans. They come with five different plans for different categories. The easy travel plan of Apollo Munich comes for an individual, family, senior citizen, annual multi-trip plan, and students.
HDFC ERGO Travel Insurance
They provide flexibility to their customers while selecting the plan of their choice. The insurance company offers six different plans for the travel insurance. These plans are Single Trip, Multi-Trip, Asia Plan, Family Floater Plan, Students Suraksha, and Single Trip.