Per-trip or annual multi-trip?

Annual multi-trip if you travel 3+ times/year internationally — typically 30-40% cheaper cumulatively.

Coverage amount for international?

USD 100K-200K minimum for medical (Schengen requires 30K EUR). USD 500K for US/Canada (medical costs are 5× Europe).

Adventure sports cover?

Standard plans EXCLUDE adventure sports (skiing, scuba, paragliding). Buy add-on if doing these.

Pre-existing conditions?

Most plans cover only emergency medical for pre-existing conditions. Critical to declare upfront — non-disclosure voids the policy.

Insurance · Travel cover

Travel Insurance

Covers medical emergencies, trip cancellation, lost baggage, passport loss, flight delays during international or domestic travel. International travel insurance is mandatory for many visa applications (Schengen, Australia, etc.). Annual multi-trip plans are cheaper than per-trip if you travel 3+ times/year.

Shivpriya·Editor·Updated May 18, 2026·Fact-checked

Who needs this

Every international traveler (especially mandatory for Schengen, Australia, Japan visas). Domestic travelers with expensive equipment / pre-paid bookings. Frequent business travelers benefit from annual multi-trip plans.

Key decisions

Q1
Per-trip or annual multi-trip?
Annual multi-trip if you travel 3+ times/year internationally — typically 30-40% cheaper cumulatively.
Q2
Coverage amount for international?
USD 100K-200K minimum for medical (Schengen requires 30K EUR). USD 500K for US/Canada (medical costs are 5× Europe).
Q3
Adventure sports cover?
Standard plans EXCLUDE adventure sports (skiing, scuba, paragliding). Buy add-on if doing these.
Q4
Pre-existing conditions?
Most plans cover only emergency medical for pre-existing conditions. Critical to declare upfront — non-disclosure voids the policy.

Top insurers ranked by claim settlement

Travel Insurance — Claim Settlement Ratio

Source: IRDAI Annual Report 2024-25 · published values

Tata AIG
90.00%
Bajaj Allianzbest
89.86%
Reliance General
89.00%
ICICI Lombard
86.00%
HDFC Ergo
84.00%

Bajaj Allianz:Travel Elite / Premium — wide global network of cashless hospitals.
Tata AIG:Travel Guard — strong US + Europe coverage; popular for Schengen.
HDFC Ergo:Single Trip / Multi Trip — competitive premiums.
ICICI Lombard:International Travel Insurance — strong customer service ratings.
Reliance General:Travel Care — competitive premium for budget travelers.

IRDAI rules + scheme specifics

Schengen visa: minimum 30K EUR coverage required for medical + repatriation.
US travel: minimum USD 50K medical recommended; 100K-500K for older travelers.
Trip cancellation: usually requires 'specific reason' — read fine print.
Senior citizens (60+): premium 2-3× higher; some plans cap at age 70.

Calculators

Net Worth

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