List of Top 10 Travel Insurance Companies in India

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

• Universal Sompo General Insurance Company Limited
• Bajaj Allianz General Insurance Company Limited
• Tata AIG General Insurance Company Limited
• Reliance General Insurance Company Limited
• HDFC ERGO General Insurance Company Limited
• Apollo Munich Health Insurance Company Limited
• Cholamandalam MS General Insurance Company Limited
• Bharti AXA General Insurance Company Limited
• SBI General Insurance Company Limited
• Future Generali General Insurance Company Limited

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

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

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

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

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

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

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

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

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

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

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.
• Pre–existing 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:

• Travel Insurance Premium Calculator
• Best Travel Credit Card India

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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