List of Top 10 Travel Insurance Companies in India

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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 top travel insurance companies in India which offer different types of travel insurance plans. Among 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.

List of Top 10 Travel Insurance Companies in India

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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.

Universal Sompo Travel Insurance Plans

Name of Travel Plan Coverage details 
Travel Worldwide Health emergencies, personal liability, missed connection flight, accidents, passport and baggage loss/delay, flight delays and cancellations, dental treatment, emergency assistance, personal accident, flight hijack, and more
Annual Multi-Trip   Health emergencies, home burglary, check-in baggage loss/delay, missed connection flight, passport loss, trip cancellation/delay, flight hijack, financial assistance, personal accident, etc.
Student Travel  Medical emergencies, sponsor protection, loss/delay of baggage and passport, personal liability, study interruption, daily hospital cash, personal accidents, and more 
Travel Asia Medical treatment, passport loss, personal liability and accidents, baggage loss/delay, flight hijack, medical evacuation, dental expenses, and more 

2. Bajaj Allianz General Insurance Company Limited

Bajaj Allianz is one of the best travel insurance company in India, 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.

Bajaj Allianz Travel Insurance Plans

Name of Travel Plan Coverage details 
Individual Travel Insurance policy Trip delays, passport loss, medical expenses including dental expenditure, accidental injuries, hijacks, personal liabilities, loss and delay in baggage,  
Family Travel Insurance Policy  Loss and delay of luggage, hospitalization, trip delay/cancellation, home burglary, etc.
Senior Citizen Travel Insurance Policy Loss and delay of luggage, hospitalization, trip delay/cancellation, etc.
Student Travel Insurance plan Accident, family visit expenses, incidental expenses, Loss of passport, hospitalization, bail bond, tuition fee, etc.
Corporate Travel Insurance Plan Medical costs, dental treatment costs, accidental injury, loss of luggage, trip delay, hijack, personal liability and more
Travel Asia Travel Insurance Plans Medical excavation, medical expenses, loss and delay of luggage, loss of passport, personal accident, emergency cash advance, hijack, personal liability and more 
BajajAllianz Bharat Bhraman Travel Insurance Plan Personal accident, emergency medical excavation, hospital daily cash, permanent total loss, personal liability, child education bonus, missed connection, trip cancellation and delays, home burglar, emergency hotel extension, compassionate visit, adventure sports and more

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.

Tata AIG Travel Insurance Plans

Name of Travel Plan Coverage details 
Travel Guard Insurance Plan Health emergencies, accidents, passport and baggage loss, flight delays and cancellations, dental treatment, emergency travel, legal assistance, flight hijacks and more
Student Guard Overseas Health Insurance Policy  Health emergencies, accidents, passport and baggage loss, flight delays and cancellations, dental treatment, legal liability, emergency travel, maternity benefits, mental illness treatment, child care, nervous illness, bail bond, study interruptions, and more 
Asia Travel Guard Plan Medical emergencies, loss of baggage and passport, personal liability, and accidents 
Domestic Travel Guard Plan Missed flights, accident and medical compensation, loss of tickets, and personal liability

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.

Reliance General Travel Insurance Plans

Name of Travel Plan Coverage details 
International Travel Insurance  Medical costs, trip cancellations, and delays, passport loss, baggage loss/delay, missed flight connections, home burglary, and more
Schengen Travel Insurance Plan  Health emergencies, check-in baggage loss/delay, missed connection flight, passport loss, and trip cancellation/delay
Asia Travel Insurance Plan Medical expenses, loss/delay of baggage and passport, trip delays, financial emergency assistance, and more 
Annual Multi-trip Insurance plan Medical treatment, passport loss, baggage loss/delay, total loss of baggage, trip cancellation and delays, daily allowance, hijack distress, missed connection, home burglary, and more 
Senior Citizen Travel Insurance Plan Loss of passport, total loss of baggage, medical expenses, financial emergency assistance, hijack distress, trip cancellation and interruption, trip delays, missed connection, home burglary, etc.  
Student Travels Insurance Plans Medical expenses, study interruption, total loss of luggage, loss of passport, compassionate visit, and more 

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.

HDFC ERGO Travel Insurance Plans

Name of Travel Plan Coverage details 
HDFC ERGO Travel Explorer Schengen approved travel insurance, Competitive premiums, In-trip crises, Baggage mishaps, Medical & dental emergencies, and Increased sum insured limit
International Travel Insurance – Individual Emergency Medical Expenses, Dental Expenses, Personal Accident, Personal Accident with Common Carrier, Hospital Cash – Accident & Illness. Etc.
International Travel Insurance – Family Emergency Medical Expenses, Dental Expenses, Personal Accident, Personal Accident: Common Carrier, Hospital Cash – Accident & Illness
International Travel Insurance – Student Emergency Medical Expenses, Emergency Dental Expenses, Medical Evacuation, Body Repatriation, Accidental Death, Permanent Disablement
International Travel Insurance – Frequent Flyers Emergency Medical Expenses, Dental Expenses, Personal Accident, Personal Accident: Common Carrier, Hospital Cash – Accident & Illness
International Travel Insurance – Senior Citizens Emergency Medical Expenses, Dental Expenses, Personal Accident, Personal Accident: Common Carrier, Hospital Cash – Accident & Illness

6. Apollo Munich Health Insurance Company Limited

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

Apollo Munich Travel Insurance Plans

Name of Travel Plan Coverage details 
Apollo Easy Travel – Individual 24/7 medical assistance on the phone, cover against death and disablement, compassionate visit, emergency evacuation, repatriation, embassy and interpreter services, referral of medical services, loss of passport and loss/delay of baggage, emergency cash, and hijack allowance 
Apollo Easy Travel – Family Compassionate visit, emergency evacuation, repatriation, embassy and interpreter services, referral of medical services, loss of passport and loss/delay of baggage, emergency cash and hijack allowance 
Apollo Easy Travel – Senior Citizens  Medical advice on the phone while traveling, cashless transactions, lost passport assistance, loss of luggage, embassy and interpreter services 
Apollo Easy Travel – Annual Multi-Trip Emergency Medical assistance, cashless transactions, loss of luggage, and more

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.

Cholamandalam MS Travel Insurance Plans

Name of Travel Plan Coverage details 
Comprehensive Travel Insurance   Check-in baggage delays, medical and dental treatment cost, ambulatory care services, daily cash service, passport and other documents, financial emergency, accident and personal liability   
Student Travel Insurance  Medical expenses including dental treatment, legal expenses, document loss, bail bond, baggage delay, sponsor protection, personal accident, and more
Leisure Travel Insurance  Medical expenses including dental treatment, passport and document loss, baggage delays, personal accident, home burglary, trip delays, financial emergency   

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.

Bharti AXA Travel Insurance Plans

Name of Travel Plan Coverage details 
Bharti AXA Travel Assure – (Group travel insurance international)  Covers health expenses during emergencies, medical evacuations, loss of passport and documents, loss of baggage, flight delays and cancellations, and more 
Group travel insurance domestic  Individual accidental injuries, baggage loss, any other individual liability 
Smart Traveller Insurance Policy (available for both families and individuals)  Emergency health costs, loss of passport and documents, loss of baggage, delays and cancellations of flights, accidents, and liabilities of the insured, hijacks, and more
Smart Traveller Insurance Policy (for students) Medical expenses including dental treatment, legal expenses, document loss, bail bond, and more
Smart Traveller Insurance Policy (for corporate) Medical expenses, accidents, and injuries, loss of passport and documents, loss of baggage, delays in the trip, financial emergencies, flight hijacks, and more 

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.

SBI Travel Insurance Plans

Name of Travel Plan Coverage details 
Travel Insurance (Business and Holidays)  Check-in baggage delays, baggage loss, medical treatment costs, daily hospital cash service, passport and other documents loss, home burglary, flight hijack, financial emergency, personal accident, personal/legal liability, missed connecting flight, and more   

10. Future Generali General Insurance Company Limited

The last insurer in the list of top 10 travel insurance providers in India 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.

Future Generali Travel Insurance Plans

Name of Travel Plan Coverage details 
Future Easy Travel  Check-in baggage delays, baggage loss, medical treatment costs, daily hospital cash service, passport and other documents loss, financial emergency, accidental disability and death, personal/legal liability, and more   
Future Travel Suraksha   Medical expenses including dental treatment, legal expenses, documents/passport loss, baggage loss/delay, personal liability and accident, flight hijack, financial assistance, and more
Future Travel Suraksha Select  Medical expenses, passport and document loss, baggage delays, flight hijack, financial assistance, personal accident, trip delays, financial emergency, personal liability and accident and more   
Future Student Suraksha  Medical expenses including dental treatment, passport loss, treatment of mental and nervous illness, tuition fee, bail bond, sponsor protection, personal liability, and more 

Why Do You Need Travel Insurance while Traveling Abroad?

Travel insurance is important if you are traveling overseas to ensure your safety in a foreign land. Let’s look at some of the important reasons to buy a travel insurance policy before your impending overseas trip.

  • Secure your baggage and important documents – Nobody imagines falling sick or any untoward situation in a foreign land on a work or leisure trip. However, the risk of an unpleasant situation striking you is always there. It can be in the form of loss of baggage, loss of an important document like a passport, etc. Incidents like these can make your trip a horrible experience. Hence, availing a travel insurance policy online is important. 
  • Secure your health against sudden illness and accidents – No one likes to fall sick on a trip abroad. At the same time, predicting anything about health is difficult. Being sick abroad forces people to change their plans. It also impacts the overall budget of your trip. Here, a travel insurance policy can ensure your medical coverage caused by injuries, accidents, or illness.   
  • Stay safe against flight cancellations and delays – Flight delays or flight cancellations are a regular travel feature. However, flight delays or cancellations during your international flights are risky as they may lead to missing out on your connecting flight to reach your destination. You may also miss an important meeting or event. Overall, it may increase your overall expenditure during the trip. With a travel insurance policy, you can get coverage against such delays and cancellations if they are covered under the policy.  
  • Medical evacuation in case of a medical emergency – Getting sick during an international trip can be tough. But the main issue arises when your health deteriorates and you find it difficult to return to your country. Here again, you can rely on your travel insurance for emergency evacuation, which is otherwise a costly affair. Your online travel policy that covers medical evacuation will be of great support in this situation.
  • Assistance against unexpected troubles – When you are traveling alone amidst strangers in a foreign land, you will find it difficult to deal with a sudden situation that may appear. Simple things like finding a doctor close to you, or the police station may become difficult, especially if you do not speak the local language. Here, you might seek the help of a translator or any other help from your travel insurance provider to rescue you.

How to Pick the Best Travel Insurance Policy in India for Your Travel Abroad?

Before you pick the best travel insurance policy, you should first know what makes a travel plan the best. A good plan covers your comprehensive needs, which also includes medical coverage. Besides, there are other important considerations to note while buying the most suitable travel insurance policy to fulfill your needs. Let’s take a look at some of them:

  • Sum assured – Like in other insurance policies, the sum assured is the most crucial factor to consider here. So, you should look for a policy offering comprehensive coverage.
  • Compare Plans – Comparing plans is another important aspect of buying insurance. It is always recommended to compare policies. This allows customers to choose the most apt policy to serve their best interests.  
  • Go for Online policies – When buying an international travel plan, it is better to go for an online mode of purchase after checking important factors such as customer reviews, CSR, and so on.
  • Deductibles – Capping and deductibles limit your policy benefits. Hence, always look for available plans with limited capping and fewer deductibles.
  • Preexisting diseases (PEDs) – If you have any PEDs, you must declare them at the time of buying the policy to avoid the chances of claim rejections later.

Further, you may note that some countries don’t even allow travelers to enter without travel insurance.  Hence, it is good to be safe and secure under travel insurance if you are planning a vacation abroad or are up for a short work trip in a foreign country.

Also Read:

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 policy 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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Jul 30, 2021
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PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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