How Much Should You Pay for Travel Insurance in India?

Indian travellers are becoming extremely cautious about protecting their journeys with travel insurance. In fact, with the rise in overseas trips, adventure holidays, and last-minute travel plans, travel insurance sales in India have jumped by 22%, according to Business Standard.

But when it comes to travel insurance costs in India, many travellers wonder: How much should I have to pay for travel insurance coverage? The answer mainly depends on your destination, trip duration, traveller profile, and coverage benefits.

So, if you want to choose the right travel insurance plan without compromising your budget or safety, continue reading.

What is the Estimated Cost of Travel Insurance Cost in India?

Travel insurance premiums in India generally ranges around 4% to 12% of your trip cost. However, costs can vary significantly across providers. For instance, in Bajaj General Insurance, the cost of travel insurance starts at ₹13/day (subject to change).

This is why, before choosing a policy, compare coverage limits, exclusions, and claim settlement support carefully. Especially with travel insurance premiums in India increasing 81% in the FY 2019 to 84% in FY 2025, as reported by the Times of India, choosing the right coverage can help you secure better financial protection and value during your journey.

Also Read: How To Extend Your Travel Insurance Policy?

What Factors Can Affect Your Travel Insurance Price in India?

Have a look at the major factors that can influence your overall travel insurance cost in India.

Destination of Trip

Your travel destination plays a major role in determining the travel insurance premium in India. For instance, countries like the USA and Canada typically have higher insurance costs due to their expensive healthcare systems.

On the other hand, travel insurance for Asian destinations is generally more affordable due to lower medical expenses and reduced travel risks. Typically, the higher the travel risk associated with a destination, the higher the premium insurers charge.

Trip Duration

The length of your journey directly affects the travel insurance cost in India. This is because, with longer trips, the risk exposure increases over time. However, if you travel frequently, you can choose an annual multi-trip travel insurance plan from a reliable provider like Bajaj General Insurance.

This can be more cost-effective than purchasing multiple single-trip policies throughout the year.

Traveller’s Age

Age plays a major role in determining the cost of travel insurance in India. Senior travellers are often charged higher premiums due to increased health-related risks. Meanwhile, young travellers generally receive affordable premiums.

This is why most reputable insurance companies in India offer senior citizens specialised travel insurance plans to cover their medical and other travel-related risks at an affordable premium.

Policy Benefits

The type and extent of coverage you choose significantly affect the premium cost. Thus, basic plans with limited benefits are usually more affordable than comprehensive policies with wider protection, such as higher trip cancellation benefits, and additional covers like home burglary.

Additionally, domestic plans naturally cost less than international travel insurance options due to higher costs and, in some cases, Schengen visa requirements. But remember, it is important to compare benefits instead of selecting the cheapest plan available.

Pre-Existing Medical Conditions

Travellers with pre-existing health conditions, such as hypertension, heart disease, or diabetes, have to pay higher premiums as insurers consider them higher-risk policyholders. In fact, insurers sometimes provide limited coverage for pre-existing conditions and may also impose waiting periods.

Adventure Activities in the Trip

Adventure sports and high-risk activities can increase travel insurance costs in India. These activities mostly include trekking, skiing, scuba diving, and paragliding. In most cases, getting coverage for these activities is not part of a standard travel insurance plan, and you have to get specialised add-ons to get coverage.

Purchase the Travel Companion policy from Bajaj General Insurance now to enjoy financial protection during international trips against medical emergencies, baggage loss, and passport loss.

How Should You Choose the Best Travel Insurance Policy in India?

To choose the best travel insurance plan in India, you must consider the following factors.

1. Choose reliable providers like Bajaj General Insurance, which offer 24/7 emergency assistance and cashless hospitalisation.

2. Compare coverage benefits like medical emergencies, trip cancellation, baggage loss, and passport protection before buying a policy.

3. Check the sum insured carefully, especially for international travel and high-risk destinations.

4. Always compare the travel insurance premiums in India from multiple insurers to find affordable yet comprehensive coverage.

5. Review exclusions, waiting periods, and claim settlement ratios, and read customer reviews of your insurance provider to ensure proper protection during your emergency.

At Bajaj General Insurance, we ensure you get complete protection and an easy claim process during both your internal and domestic trips. So, if you're confused about which provider to choose, give us a call to enjoy worry-free trips.

Also read: Change of address in passport: Step-by-step process

Final Words

Understanding the travel insurance cost in India will help you choose a plan that fits both your budget and travel needs. This is why, compare coverage, destination, and trip duration to find an affordable protection without compromising safety.

To enjoy extensive protection with 24/7 assistance during your domestic and international trips, purchase the Bharat Brahman Insurance Policy or the Travel Companion Plan, respectively, from Bajaj General Insurance today.

Frequently Asked Questions

How can I choose cheap travel insurance in India?

To choose a cheap travel insurance plan in India, you must compare multiple plans online, choose only essential coverage, and avoid unnecessary add-ons.

What documents are required to apply for a travel insurance plan?

You need documents, such as your passport, travel itinerary, visa details, identity proof (Aadhaar card or PAN card), and basic personal information to apply for travel insurance.

What is not covered in a travel insurance plan?

Travel insurance in India usually excludes self-inflicted injuries, intoxication-related incidents, and illegal activities.

Is international travel insurance mandatory for visas?

Yes, the 29 Schengen nations, like Germany and Italy, require valid international travel medical insurance coverage as a mandatory document for visa approval.

What types of add-on coverages are offered in a travel insurance plan?

Popular add-ons in travel insurance plans include trip delay compensation, adventure sports cover, home burglary protection, and pet stay cover.

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.