Comparison of Travel Insurance Providers in India
Tuesday, August 18, 2009
This report presents an analysis of the travel insurance options currently available in the market. We hope it is useful to you and that you have a great trip. Please remember to read any fine print carefully and make sure that you read our section on warnings and precautions before making your decision.
What to look for?
The insurance providers covered here provide a wide variety of features in their products. One must, however, choose a plan that is a close match to their requirements. Some things worth considering are - destination country, duration of the visit, age of the traveller and more importantly total sum insured.
| Travel insurance providers | ||||
| Benefits | Citibank | ICICI Lombard | Iffco Tokio | Tata AIG |
| Medical Cover | $150,000 ($150 deductible) | $50,000 - $250,000 | $250,000 - $500,000 | $50,000 - $500,000 |
| Multi-trip Cover | $150,000 | $100,000 - $500,000 | $250,000 - $500,000 | $250,000 - $500,000 |
| Senior's (71-85 years) Cover | NA | $25,000 - $50,000 | NA | |
| Daily allowance for hospitalisation |
$15/day (after 3 days, max $500) |
$25/day (for 5 days)† | $30/day (for 20 days) | Max. $1,500 per day, upto 30 days |
| Dental treatment | $400 ($150 deductible) | $250 | $250 | $300 - $500‡ |
| Passport loss | $250 ($30 deductible) | $200 | $200 | $250 |
| Baggage loss (checked-in) | $1,000 | $500 | $1,000 | $500 - $1,000‡ |
| Baggage delay (checked-in) | $200 (after 12 hrs) | $100 | $150 | $50 - $200‡ |
| Personal accident | NA | $15,000 | $25,000 | NA |
| Personal liability | $200,000 ($200 deductible) | $100,000 | $100,000 | $100,000 - $200,000‡ |
| Emergency cash advance | NA | $300 | $250• | $500 - $1,500‡ |
| Journey cancellation and interruption |
$2,500 (10% deductible) | $500† | Refund of premium | NA |
| Missed connection | NA | $500† | NA | NA |
| Journey delay | Max $100 (after 12 hrs) | $500† | NA | NA |
| Home insurance Building Content |
Rs20,00,000 (per family) |
Rs20,00,000† Rs5,00,000† |
NA | NA |
| Repatriation of remains | $7,500 | $7,000 | $7,000 | Included in cover |
| Cashless hospitalisation | NA | Yes | NA | NA |
| Premium for upto 40yrs old 30 days, US/Canada |
Rs3,406 | Rs1,580 for $50,000 | Rs1,667 for $50,000 | |
| Premium for 41-60yrs old 30 days, US/Canada |
Rs4,384 | Rs1,698 for $50,000 | NA | Rs1,900 for $50,000 |
| Premium for 61-70yrs old 30 days, US/Canada |
Rs7,802 | Rs1,698 for $50,000 | NA | Rs1,900 for $50,000 |
| Premium for over 70yrs 30 days, US/Canada |
NA | Rs6,836 for $50,000 | NA | NA |
| Premium for upto 40yrs old 30 days, Rest of the world |
Rs3,406 | Rs1,051 for $50,000 | Rs1,134 for $50,000 | |
| Premium for 41-60yrs old 30 days, Rest of the world |
Rs4,384 | Rs1,170 for $50,000 | Rs1,338 for $50,000 | |
| Premium for 61-70yrs old 30 days, Rest of the world |
Rs7,802 | Rs1,964 for $50,000 | Rs1,338 for $50,000 | |
| Premium for over 70yrs 30 days, Rest of the world |
NA | Rs3,390 for $50,000 | NA | |
| † Platinum plan, ‡ Platinum plan, • Platinum plan. | ||||
| Warnings and precautions | |
| Covered benefits | Make sure the benefits covered by a policy match your requirements. |
| Contact info | Always keep the international contact details of the provider at hand during the journey. |
| Medical treatment | Save all documents related to medical treatments from your trip for your claim to be smooth and painless. |
| Pre-existing medical conditions | Declare any pre-existing medical conditions that may become grounds for a declined claim later. |