What are the different types of travel insurance?
The type of travel insurance depends upon factors such as duration, location, etc. The most readily available options that the market offers are as follows:
Travel insurance is structured to help with financial assistance for unpredictable events that may affect your journey. Beneficial aspects of a travel insurance policy include coverage for trip expenditure, luggage, and medical emergencies.
There are various types of travel insurance policies:
Domestic Travel Insurance
Having a health plan safeguards you against any mishap as you can get quality treatment anywhere at the right time. A medical cover guarantees stable finances and peace of mind.
International travel insurance
You can avail of better healthcare facilities abroad if you have international travel insurance. You can be notified by various insurance companies regarding when and where to have the diagnostic screenings.
Corporate Travel Insurance
Generally, it is not feasible for people to afford expensive medicines for various diseases under normal circumstances.
Student Travel Insurance
Many insurers provide discounts to traveling students to help them save money at the time of checkup or in case of hospitalization.
Senior Citizen Travel Insurance
Senior citizen insurance is for those aging from 61-70 years. It is travel insurance targeted towards senior citizens to make their travel easier. It is inclusive of aid for dental treatments and cashless hospitalization additional to the usual benefits of travel insurance.
Family Travel Insurance
A family travel Insurance ensures the entire family of the insured individual throughout travel from travel-related issues. Family travel insurance covers hospitalization (travel medical insurance), baggage loss, and alternative incidental expenses. The claim disbursement is easy with nominal work concerned.
Individual Travel Insurance
Individual travel insurance works for one individual providing him with coverage from travel-related emergencies. Having this, you’ll be sorted against trip curtailment, cancellation of the trip and home burglary
Multi-Trip Travel Insurance
A multi-trip travel insurance covers usually for a year, mainly structured for frequent travelers with all journeys so you don’t have to go through the process again and again.