List of Top 10 Travel Insurance Companies in India

4 min read

Travel insurance provides a comprehensive scope of coverage against unforeseen contingencies which you encounter when you travel. These contingencies cause financial loss against which a travel insurance plan provides compensation. As such, many individuals prefer to secure their trips under a travel insurance plan when they travel. Given the benefits provided by travel insurance, there are a lot of travel insurance companies in India which offer different types of travel insurance plans. Amidst dozens of travel insurance companies in India, selecting the best is always a difficult task. That is why here is a list of the top 10 travel insurance companies in India. You can choose the best travel insurance plans from these below-listed companies.

Top 10 Travel Insurance Companies in India

1. Universal Sompo General Insurance Company Limited

Universal Sompo offers two types of travel insurance policies. One is the travel plan for covering overseas travel while the other is a domestic travel insurance policy. Moreover, student travel insurance policies are also allowed by the company for students going abroad for pursuing higher studies. The international travel plan covers all the basic features and also provides coverage for hijack distress allowance, missed flight connections, burglary of home contents, compassionate visits, etc. The premiums are affordable and a Sum insured up to USD 500, 000 is offered.

2. Bajaj Allianz General Insurance Company Limited

Bajaj Allianz is one of the most reputed names in the insurance industry, both life and general. Its travel insurance plans come in all possible variants. You can buy a plan for self, family, senior citizens or students. Moreover, corporate travel insurance plans, domestic travel policy and a policy for Asia trips are also offered by the company. The Travel Ezee feature of the plans allow the company to keep the customers informed about any flight delays and eligibility for making a claim. Thus, the company allows a variety of travel plans with various value-added services and is one of the best travel insurance companies in India.

3. Tata AIG General Insurance Company Limited

A leading insurance company TATA AIG provides four types of travel insurance policies covering international trips, Asian trips, domestic trips and trips taken for higher studies. TATA AIG Travel Insurance Company has a good tie-up with international service providers ensuring a quick settlement of your travel insurance claims.

4. Reliance General Insurance Company Limited

Reliance’s travel insurance policies are varied. You can buy both single and annual multi-trip policies for international travel whether it is Asia, Schengen countries or other countries. The policies are issued instantly without medical check-ups and minimal documentation. Moreover, you can also claim cashless hospitalization worldwide with reliance travel insurance.

5. HDFC ERGO General Insurance Company Limited

HDF Ergo issues travel insurance policies covering every country of the world. Claim settlement is easy through a dedicated 24*7 helpline assistance provided by the company. Moreover, HDFC Ergo travel insurance has been rated iAAA by ICRA which denotes the high claim paying ability of the company.

6. Apollo Munich Health Insurance Company Limited

Apollo Munich is a standalone health insurance company which also offers travel insurance plans. Its Easy Travel Policy is issued in different variants covering individual, family, senior citizens and also as an annual multi-trip plan. A student travel plan is also offered by the company with exhaustive coverage features.

7. Cholamandalam MS General Insurance Company Limited

Chola MS also offers different types of travel insurance plans covering overseas travel, domestic travel and student travel. The company does not require medical check-ups before issuing the policy, provides 24*7 call assistance and offers cashless settlement of your claims. Premiums are reasonable and the coverage is inclusive.

8. Bharti AXA General Insurance Company Limited

Bharti AXA’s travel insurance plans provide you easy settlement of claims because of the company’s coverage across more than 130 countries. You get round-the-clock assistance in any part of the world and no medical tests are required till 70 years of age. Moreover, the Bharti AXA travel insurance company offers flexible plans which suit your every need.

9. SBI General Insurance Company Limited

Travel insurance plans offers by SBI offer you coverage up to half a million US Dollars. A single policy is available for international trips taken for business or holiday. A comprehensive scope of coverage is provided which does not include pre-entrance medical tests. Worldwide protection is allowed with a quick and transparent claim settlement process.

10. Future Generali General Insurance Company Limited

The last insurer in the list of top 10 travel insurance companies is Future Generali which offers Schengen and worldwide plan, overseas travel insurance plan and a student travel plan. The process of buying the plan is simple, quick and easy. The claim process is also transparent and quick. You can call the company with your claim any time through the company’s 24*7 helpline number. Good coverage benefits and affordable price is the important factor of this plan.

So, these were the top 10 travel insurance companies. You can choose any company from this list of travel insurance companies in India to get the best travel insurance plan of your choice. Hope you enjoy reading. If you still have queries regarding traveler Insurance policies in India, Visit Travel Insurance FAQs page.

Choose wisely!

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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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