Travel insurance is a type of insurance that covers various risks associated with domestic and international traveling. If you are a globe-trotter or a frequent traveler then travel insurance is a must-have policy for you.

What is travel insurance?

Travel insurance is a comprehensive insurance plan that ensures the buyer against medical emergencies, loss of passport, lost checked-in-baggage and trip delays and flight cancellations, etc. Travel medical insurance comes to the rescue in case of a mishap at the airport and/or takes care of your medical bills in a foreign nation. It comes at an affordable premium rate and can be purchased online.

Who can buy travel insurance?

Travel insurance is mostly purchased by:

1. Solo travelers and people seeking to insure family trips abroad
2. Senior citizens traveling abroad
3. Students studying abroad
4. Business travelers

How much does it cost?

Travel insurance is quite economical and comes with an affordable premium. The premium rate of the travel medical insurance depends on various factors and the premiums that must be paid by an individual is determined by taking the following factor into consideration:

• The duration of the trip
• The age of the insured
• The medical and evacuation coverage limits