21 Different Types of Travel Insurance Plans 2024

After such a long gap, we want our trips to be enjoyable and worry-free. For this, it’s essential to have travel insurance before heading off to the destination. Nowadays, everyone can purchase travel insurance plans. Many types of travel insurance are available now. From students to office workers, senior citizens, and infants, everyone can get a travel insurance policy of their choice.

Many insurance companies in Australia, Brazil (Português), Canada, Japan, New Zealand, Portugal, the United Kingdom, the United States, and the UK offer a good travel insurance policy. Countries are slowly opening their borders with additional restrictions for overseas travel insurance tourists. It gives more reasons to buy travel insurance now.

1. Domestic Travel Insurance Plan

Domestic Travel Insurance is an insurance policy that covers a trip within the country. All local insurers offer domestic travel insurance. And an information service provider that updates you on the destination’s current health and travel situations. It covers medical expenses during your trip in case of any emergency.

They will also help with getting in contact with the nearest doctor, clinic or hospital. That insurance will cover other emergencies like evacuation or deportation, too. It can even get a refund for the cancelled bookings of hotels and transportation. 

Eligibility criteria for domestic insurance

• The person needs to have valid country citizenship to get domestic travel insurance for that nation.
• International travellers can obtain the policy by providing their permit for working there or proof of touring.
• Anyone aged six months to 70 years can get domestic travel insurance.
• Children can only be repaid with their parents or guardians for six months to five years.

Domestic Travel Insurance Covers

• Cover For Accidents
• loss of baggage and luggage
• Permanent Total Disability
• flight delay
• Cover For Lost Tickets
• Travel Assistance in emergency
• Multi-Trip Annual Plans
• No age limit
• Cover trip cancellation
• Cashless settlement

2. International Travel Insurance Plan

International travel can be incredibly nerve-racking as you travel to unknown locations, systems and cultures. Getting in trouble in a place can be very distressing; you must have travel insurance to save.

An international or overseas insurance policy usually does not have any age limit. It takes care of overseas paperwork, health emergencies, and any cancellations.  

International travel insurance covers

• Medical Emergency
• Loss or Delay of Luggage
• Loss of passport or other important documents
• Personal Accountability
• Hijack
• Delay of Trip
• Emergency Cash Advance

3. Business Travel Insurance Plan

Business or Corporate travel insurance is the most useful of the lot. They cover medical emergencies and any disadvantages caused to work due to issues in your travels. Travelling for work is stressful enough without the added burden of sudden emergencies. 18 years or above and a corporate employee to avail of a Business Travel Insurance policy.

Two types of business insurance are available

1. Domestic business travel insurance: This insurance covers your business trip with a valid citizen document within the country.
2. Overseas business travel insurance: You must travel to different countries for work. The International Business Travel Insurance policy covers any medical expense as long as it’s not due to pre-existing health problems.

Business insurance of both types covers

• Medical Expenses Due to Accidents
• Sudden Cancellations
• Misplaced Passport or Luggage
• Theft
• Delayed Luggage

Many insurance companies also cover 

• group business travel insurance
• business travel accident insurance
• business equipment travel insurance
• business travel insurance for employees

Global business travel insurance is a significant part of a company. But if the work requires only travel for short trips, it will be better to skip past this insurance policy.

4. Adventure Travel Insurance Plan

Adventure travel insurance might be a good fit if the travels include activities that can pump up the adrenaline. They cover adventure sports activities such as zorbing, skydiving or snorkelling, and adventure accident insurance. The basic plan covers any medical expenses and search operations in case of an accident from the sport. On buying the premium version, you can also get covers for personal belongings and cancellations. 

Adventure Travel Insurance covers

• Trip Cost Protection
• total disability coverage
• Emergency Help
• death coverage
• Medical Evacuation
• accidental hospitalization coverage

5. Wildlife Travel Insurance Plan

Most tourists favour a trip to the wilds. Some like to spend time in a controlled environment. Others often explore within the untamed nature. Proximity to wildlife, however, is always considered a risky option. If you are a jungle lover, wildlife travel insurance might be the best for you. It’s also known as wildlife safari insurance.

The insurance policy mainly deals with unexpected occurrences during a safari trip. Some of the companies provide Wildlife Conservation Insurance policies, too.

Wildlife travel insurance covers

• Medical Expenses
• Air Ambulance facility in case of Emergency Evacuation
• Travel Cancellations
• Luggage Loss
• Natural Disaster Coverage

6. Medical Travel Insurance Plan

Travel medical insurance is typically a policy covering medical costs during an overseas trip. It looks after any trouble due to sudden health concerns. 

Domestic and International travel medical insurance policy helps to get in touch with a medical professional or get hospitalized and covers the cost of these facilities. 

Different Types of Travel Medical Insurance Plans

• Domestic Travel Medical Insurance
• International Travel Health Insurance 
• Travel health insurance 
• Pregnancy travel insurance/maternity travel insurance

Domestic and International travel health insurance covers

• Illness Treatment
• Personal Accident
• Emergency Medical Evacuation
• Cashless Hospitalisation
• Emergency Dental Treatment

7. Pilgrimage Travel Insurance Plan

India is a religious country. Routine visits to the country’s popular pilgrim states are common for many people worldwide. These places are usually packed and busy. 

People can face several adversities here. The fraction of elderly tourists here is many, and thus, Indian pilgrimage travel insurance is more important to them. People are mostly facing theft issues here. Most pilgrimage insurance policies cover emergencies in case of lost belongings. 

Pilgrimage travel insurance policies cover

• Hotel Assistance
• 24/7 Card Blocking Service
• Identity Card Replacement
• Personal Accident
• Medical Expense

8. Student Travel Insurance Plan

Every year, many Indian students leave India to study at a prestigious institution abroad. Some go for higher education like a master’s degree or Ph.D., while others are just high school graduates or younger. Even though it’s an opportunity to learn, most students get overwhelmed by the new changes, even in the primary activities. Student travel insurance is like a guide for these people. 

Any student enrolled in a full-time course at a foreign university can avail of a foreign travel insurance policy. The age is between 16 to 35, and the university must be a registered institution.

Two types of student travel insurance policy

1. International Travel Insurance for Students: This mainly depends on the student’s travel and accommodation costs. 

Some covers under this are:

• Study Interruption
• Bail Bonds
• Flight Coverage for Visit From Family
• Sponsor Protection

2. International Health Insurance for Students: This policy includes medical expenses and basic covers. 

Some of them are:

• Sudden Injury, Illness or Death
• Emergency Medical Evacuation
• Personal Accidents
• Dental Treatment 
• Loss of Baggage or Personal Documents like passport
• Paid semester fees if insured has to stop due to medical cause
• Cost of Family Visit, if insured, was hospitalized for seven or more days.
• Bail Bonds

9. Cruise Travel Insurance Plan

A trip on a cruise is quite exotic as well as expensive. Cruise travels depend on weather conditions a lot of the time. This trip even get cancelled at any time. Thus, having cruise travel insurance will protect you from these unforeseen incidents.

Cruise insurance covers

• Cruise Cancellation or Delay
• Luggage Loss
• Medical assistance for seasickness and other medical situations
• Emergency Assistance
• Misplaced Belongings

10. Celebrity Cruises

Celebrity Cruises is a luxury cruise line travelling on the waters on multiple continents. All of the celebrity cruises are insured. To overcome any issue, it’s suggested to buy the insurance earlier.

Cruise travel insurance Covers

• cruise cancellation
• Trip Interruption and delay
• luggage and belongings protection
• Medical Expenses, Evacuation, and Repatriation 

11. Space Travel Insurance Plan

Space travel has recently been constantly on the news. With the successful space flight of Jeff Bezos and their team, humanity is already predicting a future when space travel will be a norm. 

Insurance policies on spacecraft and satellites have well-defined terms known to all. After that, the concept of space travel concept insurance was introduced. German insurance company Allianz was the first to introduce it. 

Space Travel Insurance Covers

Yet, they have less information.

12. Sports Travel Insurance Plan

Sports travel insurance policies have specific clauses, that are not similar to standard travel insurance plans. It’s specially designed for travels relating to sports like training camps, competitions and sometimes even extreme sports. It looks after the medical expenses of sporting activity.

It also compensates if you are late for any event due to flight delays or other valid situations. Some of the companies have insurance for their sports players.

Sports Travel Insurance covers

• Emergency Medical Expenses
• Cancellation
• Personal Accident cover
• Personal Liability
• Delayed or Lost Baggage
• Stolen Belongings
• Event and Competition Entry Fees
• Travel Delay, Abandonment, and Missed Departure
• Sports Equipment

13. Family Travel Insurance Plan

Travelling is mainly a means to spend quality time with our family and explore new places. You can take care of the entire family’s travel insurance under this one policy through family travel insurance. 

The insurance covers family members between the ages of 3 months to 65 years. It covers trips both in and out of the country. Compared to individual insurance, the family travel insurance premium (per head) is low.

Family travel insurance Covers

• Medical Emergencies
• Accident Compensation
• Baggage Loss or Delay
• Emergency Monetary Funds
• Accidents back at Home, like Burglary

14. Group Travel Insurance Plan

Vacations with a group of friends are most common these days. The group travel insurance policy is the best option for tours like these. It’s a policy for people who are not immediate family but going on the same trip.

Only one representative must fill out a form, and the following policy will be the same for all the IDs included. It’s a better option than taking individual insurance as the premium’s cost decreases.

Group Travel Insurance covers

• Medical Emergencies
• Cancellation
• Loss of Important Documents
• Emergency Monetary Funds

15. Backpacker Travel Insurance Plan

Backpackers’ aim in life is to explore different places. They have less time for planned routes and lavish hotels. They take the first flight possible and go on a long journey across countries.

Thus, backpacker travel insurance is a must-have for traveller planning to backpack around the world. Make sure the policy covers the country or countries you wish to visit.

Backpacker travel insurance Covers

• Medical Cover
• Emergency Evacuation and Repatriation
• Lost Luggage
• Theft
• Cancelled Flights
• Extended Cover on Valuable Items

16. Schengen Travel Insurance Plan

The Schengen agreement in Europe allows the travelling and transport of goods within the borders of European countries without a passport. For a European tour, get Schengen travel insurance and the Schengen visa to have zero worries while admiring the European beauty. 

Schengen Travel Insurance Covers

• Trip Cancellation
• Flight Delay
• Local Assistance
• Baggage Loss or Delay
• Passport Loss
• Emergency Evacuation
• Medical Emergency

17. Single Trip Insurance Plan

It’s ideal for those who seldom indulge in a vacation. If you travel only once a year, single-trip insurance will save you more money. It covers all the claims like other travel insurance and can be used for both work and vacation. Pre-medical condition issues are not covered under this term. It’s the most common travel insurance policy.

Single Trip Insurance  Covers

• Medical Cover and Repatriation
• Emergency Cash
• Baggage Loss or Delay
• Accidents back at Home, like Burglary
• Trip Cancellation
• Flight Delay

18. Multi-Trip Insurance Plan

Multi-trip insurance is just the opposite of single-trip insurance. It covers innumerable trips within the given year. It’s essential for those who often travel for business or vacation. It covers basic medical emergencies and other problems. Between 3 months to 70 years can avail of this policy. In European countries, the age limit is up to 50 years. 

Multi-Trip Insurance Covers

• Medical Cover and Repatriation
• Emergency Cash
• Baggage Loss or Delay
• Accidents back at Home, like Burglary
• Trip Cancellation
• Flight Delay

19. Senior Citizen Travel Insurance Plan

Post-retirement is considered the golden period of one’s life. It’s the time when no work commitments and responsibilities start decreasing. Therefore, it’s the perfect time to explore all those places you always wanted to visit.

But being a senior citizen can bring many problems on the trip, so it’s best to get senior citizen travel insurance. Many companies have senior citizen wellness plans and policies.

Senior Citizen Travel Insurance covers

• Baggage Loss or Delay
• Trip Cancellation
• Flight Delay
• Medical Cover and Repatriation
• Travel Assistance

20. Wellness travel insurance Plan

Among all the travelling nitty-gritty, people often forget about their wellness. Both mental and physical wellness are essential for a successful and memorable trip. 

People often go for a medical travel insurance plan but ignore the wellness part. Wellness insurance can come separately or as an additional medical travel insurance policy. It also covers any health checkups or medical tests you had to complete during the trip.

Wellness travel insurance covers

• Blood tests
• Regular medical checkup 
• ECG or any scan

21. Annual travel insurance Plan

Some people need to travel more than once a year for work purposes. People love travelling and go on a trip twice or thrice a year. Annual travel insurance is perfect for these people. Instead of buying single insurance for every trip, buying this annual insurance plan is better. Under this, you can take innumerable trips in a year without any additional worries.

Annual travel insurance plan covers

• 24/7 travel assistance
• Medical cover
• Personal accidents
• Emergency evacuation
• Lost belongings

Read IRCTC travel insurance policy

Top 16 Common Types of insurances

1. Life Insurance
2. General Insurance
3. Personal Accident Insurance
4. Critical Insurance
5. Health Insurance 
6. Car Insurance
7. Investment Insurance
8. Corporate Insurance
9. Two Wheeler Insurance 
10. Term Insurance
11. Home Insurance
12. Commercial Insurance
13. Travel Insurance
14. Investment plan with best return Insurance
15. Labour Insurance 
16. Factory Insurance 

9 Benefits of Travel Insurance

1. While travelling abroad, a traveller might face unfortunate incidents like accidents. A travel insurance policy protects under this circumstance by covering expenses.
2. People might lose their baggage in transit or at the airport. In such a situation, the travel insurance policy comes to the rescue. 
3. Travellers might also lose their passports while travelling. It disrupts their travel plans. A travel insurance policy covers the cost of returning the passport or arranging a new one. 
4. A travel insurance policy provides health coverage. Travellers get reimbursement for expenses on their health while travelling. 
5. A travel insurance policy also provides coverage for dental treatment. Costs incurred on dental procedures, like extraction, surgery, examinations, etc., are covered in the policy. 
6. Travellers get an allowance for hospitalization expenses. The insurance company pays the insured a sum (subject to the maximum limit) for each day he spends at the hospital. 
7. Along with the loss of baggage, a travel insurance policy also covers losses incurred by baggage delays. 
8. Travel insurance policy compensates the insured for the distress caused by the hijacking. 
9. Financial emergencies arise at any time. The traveller might lose his wallet, cash, cards, etc. A travel insurance policy can cover this type of financial contingency, too.