Online Travel Insurance Plans | Offline Travel Insurance Plans |
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Online applicants may avail a discounted rate for travel insurance policies. | Offline travel insurance buyers can speak to insurance providers in person before buying a policy. |
Online vendors offer different travel insurance policies for minors and travelling families. | Offline customers can bargain with insurance service providers to avail the best possible insurance coverage. |
Online vendors offer buyers the choice to buy insurance for a single trip or for all trips undertaken within a single calendar year. | Real world business relationships can help offline insurance buyers to create custom insurance coverage. |
Online vendors can offer insurance coverage for travellers within two days of processing premium payments. | Most customers prize the physical documentation of an offline travel insurance policy. |
Online vendors use secure servers to process personal and financial information of insurance buyers. | Friends and relatives can refer traditional insurance service providers and trusted insurance agents. |
Online vendors offer documents that attest to the payment of premium and the coverage allotted to travellers. | Insurance buyers can pay in cash when they buy offline travel insurance policies. |
Buyers can research multiple online travel insurance policy coverage stances before applying for the policy best suited to their requirements. | Insurance agents can collect cash or cheques for premium payment from the residence of insurance buyers. They can deliver relevant documents to client’s residence or work address. |
Buying online is environment friendly as all documents are generated and stored in electronic formats only. | However, there are chances of wrong insurance policies being sold by ambitious insurance agents. |
International Travel Insurance Plan | These cover potential financial losses incurred during foreign travels such as loss of travel documents or hospitalization in foreign lands. |
Domestic Travel Insurance Plan | These shield insured persons from financial losses incurred during domestic travel itineraries. |
Business or Corporate Travel Insurance Plans | These provide financial coverage to corporate employees of various organizations during both domestic and global travel. |
Student Travel Insurance Plans | These plans are designed to help students that travel in domestic and foreign regions. |
Senior Citizen Travel Insurance Plans | These plans help to cover unforeseen contingencies in travel plans of senior citizens |
SBI Travel Insurance | This service provider offers insurance for travellers up to 70 years of age. The policy provides coverage for loss of passports, loss of checked-in baggage, and coverage against hijack, among others. The policy offers accidental cover up to 10% of the coverage limit as also personal liability cover up to 50% of the coverage limit. |
TATA AIG Travel Insurance | This insurance provider offers travel insurance policies that cover accidental death or dismemberment. The policy also covers incidents of delay or loss of baggage, personal liability, passport loss, flight cancellations, trip delay, etc. |
Bajaj Allianz Travel Insurance | This policy covers hospitalization expenses and incidents of trip delay or cancellation. Insured personnel are also offered emergency cash in foreign lands if required. |
HDFC ERGO Travel Insurance | This policy provides coverage for emergency medical expenses, personal accident coverage, cash to avail hospital facilities, flight hijack cover, loss of passport, and incidents of flight delay or cancellation. |
Bharti AXA Travel Insurance | This policy covers incidents of emergency medical evacuation, personal accidents, death or dismemberment, loss of passports, flight delays, among other provisions. |
Single Trip Travel Insurance | Multi Trip Travel Insurance |
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This policy covers a traveller for a single trip or journey. | This policy provides coverage for an unlimited number of trips by the insured. |
The premium to be paid depends on the age of the traveller, the cost of the journey, and the length of the traveller’s stay at the destination. | This policy is best suited for business travellers or frequent travellers. |
The policy can impose a maximum trip duration of 180 days. | These policies are known as Annual Multi Trip Insurance Plans in the trade. |
The policy is also known as Holiday Insurance in the trade. | Some policies impose travel durations for each trip in the range of 30 or 45 days. |
Single trip insurance is cheaper for the insured and provides some basic benefits to travellers. | Most multi-trip insurance policies carry validity for twelve months. |
DO’s | DON’TS |
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Buyers must research all options offered by travel insurance providers. | Do not rush into a transaction with insurance providers online. |
Buyers must enter correct information as required on insurance websites. | Do not supply documentation to every insurance vendor that offers online insurance coverage. |
Buyers must disclose all medical conditions to insurance vendors. | Do not purchase travel insurance at the last minute. |
Buyers must seek reviews of travel insurance policies before selecting a policy. | Do not participate in illegal activities in online realms. |
Buyers must verify all claims made by online insurance sellers. | Do not offer personal financial information to random online insurance vendors. |
Buyers must insist upon receipt of paper or electronic documents. | Do not be tempted to opt for the cheapest travel insurance plans offered by online vendors. |