All it takes for that amazing solo trip is a good Individual Travel Insurance

Individual Travel Insurance: An Overview

Travel insurance, as the name suggests, is an insurance policy that will provide you a financial cover in case of any unforeseen circumstances while you are travelling abroad. It is advisable to purchasable individual travel insurance, specially when you are exploring or back-packing in a new country by yourself.

Individual Travel Insurance vs. Family Travel Insurance

While traveling abroad can be an enriching experience, the same can turn out to be a nightmare in case of mishaps that lead to financial loss and stress. Therefore, it is highly recommended that you buy an individual travel insurance policy when travelling abroad alone to mitigate any unforeseen risks. Whereas, if you and your family are exploring a new country together, it is advisable that you purchase a family travel insurance plan to cover all your loved ones in case of an emergency.

Features and Benefits of Individual Travel Insurance

Key features and benefits of individual travel insurance are discussed below:

• Compensation for flight issues

With an Individual Travel Insurance policy, you can be compensated for incidents like a flight delay or flight cancellation. What’s more? You will also receive reimbursement for your accommodation during the waiting period.

• Hospitalization and medical emergency

What would you do if you meet with an accident on your trip abroad or a medical emergency strikes you? If you have a travel insurance policy, all the expenses including the cost of hospitalization will be borne by the insurance company.

• Travel and accommodation

Any emergency (should not be health related) during the trip, which leads to delay or termination, will be covered by the insurance plan. In addition, any expenses which arise in case of an extra night spent at the hotel or an extra meal at the restaurant will also be covered in the policy.

For information on your travel insurance policy, refer to the 'Process' section below.

Medical

1.Updating the Insurer

Use the link below to inform and register your claim

Travel Insurance Claim Registration Link

 

2.Document Collection

Get all the documents required for the claim settlement process.

For Personal Accident Cover related claims, the insured must file an FIR with the police and submit the same to the insurer.

 

3. Document Validation

Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!

 

4.Document Submission

For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.

Trip Cancellation/Trip Delay/ Missed Connection

1.Updating the Insurer

Use the link below to inform and register your claim.

Travel Insurance Claim Registration Link

 

2.Document Collection

Get all the documents required for the claim settlement process.

 

For Trip Delay - If the delay is more than 6 hours, the insured must contact the authorities of the concerned airlines, lodge a complaint and obtain a PIR (Property Irregularity Report) report from them.

 

For Missed Connections - If the delay exceeds the specified time limit mentioned in your insurance plan and this results in a missed connection, please contact the authorities of the concerned airlines, lodge a complaint and obtain a PIR (Property Irregularity Report) report from them.

 

3.Claim Validation

Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!

 

4.Document Submission

For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.

Baggage Delay/Loss of Baggage

 1.Updating the Insurer

Use the link below to inform and register your claim.

Travel Insurance Claim Registration Link

 

2.Document Collection

Get all the documents required for the claim settlement process.

In the event of baggage loss/delay, the insured must contact the concerned airlines, file a complaint and obtain a PIR (Property Irregularity Report).

 

3.Claim Validation

Unlike other travel insurance providers, an inhouse validation team considers claims made by customers. No middle-men here!

 

4.Document Submission

For claim registration, please submit the documents specified in the relevant Claim Process document, which is available in the 'Download' section.

Cancellation Process

1. Cancellation of Policy before Start Date - Premature

• You must inform the insurance company in writing/e-mail requesting cancellation of the policy. The e-mail should contain the policy/schedule number.
• A cancellation fee of Rs. 250/- will be charged.

 

2.Cancellation of Policy after the Start Date – If the Insured has not traveled

You must inform the insurance company in writing/e-mail requesting cancellation of the policy. The e-mail should contain the policy/schedule number along with the following details.

• Proof that the he/she has not traveled overseas.
• Photocopy or scanned copy of passport (all pages including ones that are blank).
• Visa rejection letter in the event visa refusal by the respective embassy.

 

Based on the approval of the underwriters, the policy will be cancelled within one working day after receiving an email and the required documents from the insured.

 

3.Cancellation of Policy after the Start Date – If the Insured has traveled

In case of any early return of the insured person prior to expiry of the policy period, the company will refund premium at the rates shown in below table (subject to no claims being incurred on the policy). To know the percentage of premium to be retained by the insurer, refer to the table below.

 

Medical Claim

Line to redirect customers to links category.

• A&D (Common Carrier) Claim Procedure to Insured

• Outpatient Medical and Dental Claims Procedure to Insured

• Medical Evacuation Claims Procedure to Insured

• Medical Expenses Claims Procedure 

• PA Cover in India Claim Procedure to Insured 

• Personal Accident Claim Procedure to Insured 

• Personal Liability Claim Procedure to Insured 

• Replacement and rearrangement of staff Claim Procedure to Insured

• Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form

• Authorization for Medical Records Form  - Allianz

• Attending Physician Statement Form 

Trip Delay Claim

• Missed Connection Claim Procedure to Insured 

• Trip Cancellation Claim Procedure to Insured 

• Trip Curtailment Claim Procedure to Insured

• Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form

Trip Cancellation Claim

• Difference in Airfare due to delayed or early return Claim Procedure

• Trip Delay Claim Procedure

• Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form

Loss of Baggage Claim

• Loss of baggage Claim Procedure

• Loss of Laptop Claim Procedure

• Loss of Passport Claim Procedure

• Loss of Personal Belongings Claim Procedure

• Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form

Other Travel Insurance Related Claims

• Bail Bond Claim Procedure

• Golfers Hole in one Claim Procedure

• Hijack Claim Procedure

• Home Burglary Claim Procedure

• Suicide Claim Procedure

• Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form

Exclusions

Links for Claim Settlement Forms

• Claim Settlement Form/National Electronic Funds Transfer (NEFT) Form

• Authorization for Medical Record - Allianz 

• Authorization for release of medical information from Medical Record - Bajaj

• Attending Physician Statement 

Documents required for buying individual travel insurance

For added convenience, you can buy a travel insurance plan online from the comfort of your home. All you need to provide is your age proof, travel dates, and the prepaid trip cost. However, different companies have different documentation requirements and it is advisable to check with the insurer to know their documentation requirement.

Apart from these benefits, if you are a student travelling abroad to study in a foreign university, you should consider purchasing a student travel insurance policy available on Bajaj Markets. It will cover your medical expenses and loss of laptop for the duration of your higher education.