Top 5 Best Travel Insurance Companies in India

  • By
  • Published
  • 6 mins read

Top 5 Best Travel Insurance Companies in India

You are currently viewing Top 5 Best Travel Insurance Companies in India

What are the best travel insurance companies in India? Well, that’s why we’re here! We have put together a list of amazing companies in the country based on price, value and customer service. Each of these top 5 travel insurance companies in India offers different levels of coverage so whether you’re looking for something with broad coverage or coverage just in case your luggage goes missing.

How many of you out there are planning to travel abroad this year? Travelling abroad can be exciting and at the same time frightening. It’s exciting because it opens up an opportunity to visit new places, meet new people, taste new cuisines and learn about new cultures, but it can also be frightening because you have no idea what to expect once you get there. What if something happens while travelling? What if your suitcase gets lost? What if your health stops cooperating with you during your trip?

travel insurance companies in India

So, let’s take a look at the top 5 travel insurance companies in India!

1) Royal Sundaram: Royal Sundaram Travel Insurance has helped millions of people get their money back when they’ve needed it most. This reputation for fast payouts is what sets it apart from other travel insurance companies. If you’re looking for travel insurance in India, these are your best options.

2) Future Generali: Future Generali is an Indian multinational general insurance company headquartered in Mumbai, India. It has business interests across life insurance, health insurance, property insurance and general insurance. Future Generali is currently among the top ten largest insurers of India by gross premiums written, with a market share of 7%. Future Group acquired a 25% stake of Future Generali India for Rs 381 crore ($64 million) on 22 July 2012. The partnership will help create awareness about policies through retail outlets under the parent group’s banner.

3) Bajaj Allianz: One of India’s biggest and most established general insurance companies, Bajaj Allianz is a household name. It offers a range of travel insurance products and covers all needs, including health and travel. For those looking for comfort and ease, opt for its online policy to fill up forms from your living room couch. This travel insurance provider also allows you to buy its plans as per your travel period – be it monthly or annually. There are multiple types of policies to choose from depending on whether you have pre-existing medical conditions or if you want additional benefits such as emergency medical evacuation cover or personal accident cover.

4) TATA AIG General Insurance:  Tata AIG is one of our top picks for travel insurance companies in India. Tata AIG was voted number one travel insurance company by a survey conducted by Janaagraha Center for Citizenship and Democracy. This award-winning company is an established player that was originally founded in 1868 under a different name. Today, it’s a multinational enterprise that employs over 1,400 people and maintains more than $1 billion worth of property assets.

5) ICICI Lombard: ICICI Lombard is one of the few private companies that offer travel insurance services in India. It offers travellers different kinds of travel insurance plans to protect them against unexpected expenses related to health, injuries, lost baggage, and more. The best part? All its products are customizable to your needs and budget.


Importance of Travel Insurance in India

Embarking on a journey, whether it’s a leisurely escape or a business expedition, fills one with excitement and anticipation. Amid the joy of exploration, it’s crucial to recognize the unforeseen challenges that may arise. This is where the significance of travel insurance in India becomes paramount, serving as a protective shield against the uncertainties of the road.

1. Medical Emergencies: Health concerns can surface unexpectedly, and navigating a foreign healthcare system can be daunting. Travel insurance ensures that you have financial support for medical emergencies, covering hospitalization, medication, and, if necessary, evacuation.

2. Trip Cancellations or Interruptions: Plans can go awry due to various reasons, from sudden illnesses to unexpected work commitments. Travel insurance provides reimbursement for non-refundable expenses in the event of trip cancellations or interruptions, offering financial relief and flexibility.

3. Lost or Delayed Baggage: The joy of reaching your destination can be dampened if your luggage is lost or delayed. Travel insurance offers coverage for the loss or delay of baggage, assisting you in replacing essentials and minimizing disruptions to your journey.

4. Flight Delays or Cancellations: Transportation disruptions are an unfortunate reality of travel. Travel insurance helps mitigate the impact of flight delays or cancellations, providing compensation for additional expenses such as accommodation and meals.

5. Personal Liability Coverage: Accidents happen, and if you’re found responsible for causing harm to others or damaging property, travel insurance can provide personal liability coverage. This is particularly crucial in unfamiliar environments where legal proceedings may be complex.

6. Emergency Evacuation: In critical situations, such as natural disasters or political unrest, travel insurance may cover emergency evacuation expenses, ensuring your safe return home.

7. Financial Protection: Unexpected events can lead to financial losses. Travel insurance acts as a financial safety net, offering reimbursement for prepaid expenses and providing coverage for additional expenses incurred during the trip.

8. Adventure and Sports Coverage: For those seeking adrenaline-fueled adventures, travel insurance can include coverage for certain sports and activities, offering protection against injuries or accidents.

Rounding Up

As you traverse the diverse landscapes and cultures of India, embracing the rich tapestry of experiences it offers, let travel insurance be your steadfast companion. It’s not just a precaution; it’s a key to unlocking worry-free exploration and ensuring that your journey remains a tale of adventure, not adversity.

No matter where you are travelling to, it’s important to be covered by a great travel insurance policy. When picking an insurance provider, remember that there are some key things to look for before making your decision. A good travel insurance policy should have adequate coverage of medical expenses and trip cancellation costs. It should also have generous benefits when it comes to baggage loss and flight delays. Before buying your next plane ticket, contact one of these top-rated providers—and rest easy on your next vacation!