For those who travel frequently either because of the business they handle or the job they do, getting covered under a travel plan is necessary. This is because of the risk involved in travelling. A constantly changing environment can bring different situations and events which can impact your journey negatively. This blog will throw light on various travel plans and will guide you on how to select the best travel insurance plans for your needs.

Travel Insurance

Travel insurance covers financial losses related to unfortunate events during travel, such as illness, injury, accidents, flights, or other travel-related issues. A business travel insurance plan is similar to a normal travel plan, but it includes some extra benefits for the protection of business equipment and travel accident coverage. There are different types of business travel insurance depending on different needs. 

Let's have a look at various types:

  • Single-trip: If you do not travel frequently, then this type of insurance is meant for you to cover the essentials and required business equipment for a single trip. It is affordable and does not cost you much.
  • Annual Business Travel Insurance: If you are required to travel frequently because of business-related work, then this insurance is for you. Instead of buying single-trip insurance every time, you just need to buy one policy that will last for a year.
  • Domestic Business Travel Insurance: If you generally travel within the country, then you should consider this plan. It provides coverage within the geographical boundary of the country.
  • International Business Travel Insurance: If your business demands travelling abroad frequently, then you can opt for this plan. It will cover you and your business equipment globally.

Business Travel Insurance Coverage to Look for

While planning your next trip, you must consider these travel insurance coverages for your travel plans. Here is what you need to check in a plan before buying it:

  • Travel Delay Insurance: In case of delay or cancellation of connecting flight due to a storm, or any unwanted airport emergencies, your insurance plan will cover the cost of hotel stay, meals and personal care items.
  • Trip Interruption Insurance: This insurance helps you when you are out of your hometown or travelling somewhere else, and you need to go back to your own place because of some emergency. The insurance will cover the last-minute minute tickets and taxi to the airport.
  • Medical Expense Coverage: Travel health insurance is valid all over the world and covers the cost of medical treatment, such as hospitalisation expenses, lab work, imaging tests, etc., if you fall sick or get injured during the trip.
  • Missed Connection Coverage: If you are travelling to multiple places during a single business trip, then you can consider this plan. It will help you in case of problems such as airport delays.
  • Trip Cancellation: If you have paid for your business trip, then the trip cancellation policy will be covered in case of cancellation of the trip due to various reasons listed in the policy document. You can get reimbursement for the pre-paid, non-refundable expenses after filing a claim.

Tips to Select the Best Travel Insurance in India

After understanding the coverage to look for while buying a travel plan, you must know how to select the travel plan and insurer which can fulfil your requirements. Mentioned below are tips for buying the best travel insurance in India:

  • Compare Plans Online: Before making a purchase decision, you must compare various plans and insurers online. This will help you make a wise decision while choosing a plan.
  • Insurer's Reputation: You must check the reviews of the insurer and talk to people who are existing policyholders. This will help you get an idea of the services the health insurance companies provide.
  • Assess your Risk Level: You should assess your needs and accordingly evaluate the coverage you may require. For example, if you have pre-existing disease, then you must choose a higher sum insured.
  • Exclusions in the Policy: Every policy has some exclusions, which refer to the things not included as a benefit in your plan. Exclusions should not have benefits you can not compromise with. Thus, it is advisable to read the policy document carefully.

Bottom Line

Whether you are an entrepreneur or an employee who is involved with frequent work-related travel, having travel insurance brings you to the safer side. With various plans, you get the choice to choose the best ones for you according to your requirements. 

If you are planning to travel next, you must consider the plans offered by Niva Bupa. We believe in delivering high-quality service to all policyholders. You can visit our website to select the best business travel insurance plan for your needs.

Now, sit back and relax, as Niva Bupa will take care of your insurance needs!