Travelling has become prominent nowadays, and with that, the need for travel insurance has also risen rapidly. Travel insurance provides the chance of coverage against any unplanned and unforeseen circumstances which might arise during your travel. These situations lead to financial losses and sometimes even worse, and against these the travel insurance plan backed by an insurance company provides compensation.
With the numerous benefits provided by the travel insurance plan, there are multiple companies in India today offering various types of insurance plans to cover your tour. There are many travel insurance companies in India today, but due to the problem of plenty, it often gets challenging to choose between them.
It requires a lot of research to select the best travel insurance plan suitable for you. But to make your task more comfortable and more straightforward, we have listed down top 10 travel insurance companies with the most affordable programs in India. You can choose the best among these 10 according to your needs and requirements.
Universal Sompo General Insurance Company Limited
The Company offers two types of insurance policies for travelers. While one caters to the overseas travelers, the other provides to the domestic travelers. In addition to that, they also have student travel insurance plans for students who move to foreign countries for higher education. The premiums for the program are very much affordable, and a max sum insured up to $500,000 is offered.
Bajaj Allianz General Insurance Company Limited
Undoubtedly one of the most famous and renowned name when it comes to the insurance industry, Bajaj Allianz gives all possible variants when it comes to travel insurance plans. You can buy insurance plans for yourself, your family, students or senior citizens. The company also offers corporate-level travel insurance plans and separate plans for Asia trips. The company provides its customers with a variety of plans with different value-added services and is without a question one of the best companies in India in the sector.
Tata AIG General Insurance Company Limited
Owned by the TATA group, the company provides four different types of travel insurance policies to cover foreign travel, Asian travel, domestic travel, and students travel for higher studies. With strategic tie-ups with many renowned international service providers, they make sure that the settlement is quick and hassle-free.
Reliance General Insurance Company Limited
Owned by the Reliance Group, they offer single as well as multi-trip policies for foreign travel to any county. There are no hassles like medical checkups, and even the documentation is minimal for keeping the process smooth and fast. They also offer cashless medications across the world.
HDFC ERGO General Insurance Company Limited
The Company offers travel insurance for every country in the world. The most positive thing about this particular plan is the fact that the claim settlement can be done through a dedicated 24*7 helpline. Rated iAAA by ICRA, the plan is one of the best available in the market.
Apollo Munich Health Insurance Company Limited
The standalone insurance company also offers a variety of travel insurance plans. The Easy Travel Policy has many variants covering self, family, senior citizens, and multi-trip They also have a student travel plan which has some fantastic benefits.
Cholamandalam MS General Insurance Company Limited
The Company offers varieties of insurance policies, covering international, domestic, and student travel. They have no requirement for medical checkups making the process fast and smooth and also provide 24*7 helpline. The premiums are affordable and inclusive of coverage.
Bharti AXA General Insurance Company Limited
The plan provides one of the most leisurely settlements of claims covering around 130 countries. One gets 24*7 assistance across the world. And the flexible plans of the company are suitable for each and everyone.
SBI General Insurance Company Limited
The insurance plans offered by SBI have coverage up to half million Dollars. They have one policy for foreign tours for business purpose or holiday purpose. The scope of coverage is broad enough and doesn’t have medical checkups in it.
Future Generali General Insurance Company Limited
The Company offers Schengen and comprehensive plans to the travelers. They also have a student travel plan and the process to buy them is pretty simple, fast and easy. The company has a dedicated 24*7 helpline, and the claiming process is amazingly quick and simple.
Travel insurance has become an integral part of today’s world with almost everyone preferring to make their trips secured by investing in a travel insurance plan when they plan to travel. Make sure your trip is insured with the best of the above suggestions.
Disclaimer: The above information is entirely on research basis real benefits and claims depends on their plans.