Types of Travel Insurance

This insurance plan is for people travelling out of the country. Insurance companies offer varied coverage plans for different age groups. Below is a list of different kinds of travel insurance that one can take according to his/her requirements:

Travel medical insurance:

This is the most basic and most widely bought travel insurances in the world. It sums up all the basic and need-based medical expenses while one is on a trip. This is further categorized as per the age groups. For example, a teenager below 18 years of age will have a cover different from an adult. Senior citizens will have a cover with a higher premium. But, all these travel medical insurances covers the person for medical emergencies and various mishaps such as loss of luggage, passport damage or loss and flight delays.

Student travel insurance:

A number of students go to universities every year to pursue various professional courses. Barring a very few countries like Australia and Singapore, most of the countries make it mandatory for students to have student travel insurance. If someone is sending his/her child abroad for his/her studies, the parent should consider providing an insurance cover for the child’s future security. Some countries do not have any policy around travel insurance. Even then the student should have a medical cover. While the basic cover remains the same, insurance companies also offer the student reimbursement for any legal proceedings.

Travel insurance for senior citizens:

Seniors above 60 years of age are required to buy individual travel insurance. With associated health risks, seniors are in the high-risk category for insurers. It is a must that they have travel insurance before the trip. If one includes different kinds of coverage, the cost of the premium goes up.

Family travel insurance:

These plans cover the entire family from the age group of six months to 60 years. Like every other plan, family travel insurance covers all aspects and should be bought beforehand. Seniors above 60 years are not covered in such insurance plans.

It is worth mentioning that the travel insurance package should be well-planned and thought before the trip. Every kind of insurance plan is different from others. One should definitely buy a good coverage plan while travelling to a high-risk zone, where there is a danger of falling sick. Those on adventure tours should have a concrete plan and travel insurance before moving ahead on a trip.