Cheap Travel Insurance

There is a growing demand for travel insurance today, especially with various countries worldwide making it mandatory for visa applications. However, a common misconception about travel insurance is that it is expensive, leading to travellers looking for cheap travel insurance.

Cheap travel insurance does not mean compromising on coverage or benefits of travel insurance. Inexpensive travel insurance means a policy that offers the right protection at an affordable price.

Cheap flight insurance is designed to be cost-efficient, ensuring you have essential coverage for your journey without overstretching your budget. It is perfect for travellers who seek value for money, focusing on essential safeguards like medical expenses, trip cancellations and loss of belongings.

At Reliance General Insurance, we understand the importance of both affordability and comprehensive protection. Our travel insurance plans are meticulously crafted to offer you the most competitive premiums while maintaining a high standard of coverage.

Benefits of Travel Insuranceby Reliance General Insurance

Reliance General Insurance offers comprehensive coverage at affordable premiums to offer maximum financial protection during unexpected emergencies.

By leveraging our extensive expertise and efficient processes, we ensure that you get the best possible rates without sacrificing the coverage you need.

Cover for Travel Risks

Trip and journey support are crucial inclusions even with cheap travel insurance plans. These inclusions are standard for most policies and offer assistance in the following situations -

• Reimbursement for non-refundable trip expenses in case of trip cancellations.
• Compensation for lost baggage.
• Necessary support to obtain a fresh or duplicate passport if your passport is lost or stolen.
• Compensation for essentials in case of flight delays or interruptions for longer durations.

Cashless Medical Coverage

Medical emergencies can attract hefty out-of-pocket expenses. However, even with a cheap annual travel insurance planfrom Reliance General Insurance, you can avail of a cashless facility that offers the following inclusions -

• Emergency medical treatments, including hospitalisation expenses, treatment costs, ambulance support, etc.
• Acute anaesthetic dental treatment expenses in case of an accidental injury during your travel
• Medical evacuation support in case of medical emergencies to take you to the nearest hospital or facility.

Personal Liabilities

Along with medical emergencies and travel mishaps, you also get ample coverage for personal liabilities, including -

• Financial assistance to cover legal and compensatory expenses in case you cause unintentional damage to a third party.
• Financial compensation and support are available in case you incur total disability or death during your travel.

How to Find Affordable Travel Insurance Online?

Determine your Coverage Needs

To find and buy cheap travel insurance online, you must first assess your coverage needs and set aside a fixed budget. The assessment will help you determine which features of travel insurance you need the most.

The assessment criteria include the following:

• Duration of your trip
• Travel destination
• Planned itinerary
• Age
• Number of travel companions
• Specific medical conditions, if any

Compare Quotes

Once you understand your needs, the next step to finding cheap travel insurance online is comparing different plans based on their offered coverage, premiums, limits, policy exclusions, and so on.

This comparison will help you choose inexpensive travel insurance solely based on your needs within the planned budget.

Review Policy Inclusions and Limits

After comparing and shortlisting relevant policies that offer lower premiums with comprehensive coverage, you must carefully review the scope of coverage and limits. This is an integral part of finding the cheapest travel insurance for your needs.

Based on the policy inclusions and limits for medical emergencies, trip delays or cancellations, baggage support, etc., you can assess whether a travel plan's coverage is sufficient and move to the next one that offers the same coverage at lower rates.

Check Discount Schemes

Another way to find cheap travel insurance online is to check for online discounts on travel plans offered by different insurers. These discount deals depend on various factors, such as -

• Time of Policy Purchase- Some insurers offer discounts for early policy purchases, which can significantly reduce your policy premium.
• Bundles - Many insurers might offer discounts on bundled insurance policies, so you must seek assistance to find the best deal.
• Age of Policyholder- Depending on your age, you can avail of special discounts on student travel insurance plans or senior citizen travel insurance policies.

Explore Deductible Flexibility

If you are looking for a cheap travel insurance policy but require higher coverage, you can opt for a higher deductible that reduces your premium. Deductibles refer to the out-of-pocket expenses you need to pay upfront before the insurance coverage kicks in.

You must remember that a higher deductible does lower your insurance premium but can result in hefty upfront expenses, so plan wisely.

Understanding Travel Insurance Coverage Limits in Low-Cost Travel Insurance

At Reliance General Insurance, affordable trip insurance does not impact the scope of coverage available. No matter what your budget may be, we ensure you get the benefit of necessary financial coverage for maximum protection and a hassle-free trip experience.

Along with the standard medical coverage and trip support, our inexpensive travel insurance plans also provide coverage for personal liabilities and financial emergency support when you are travelling to reduce any risk of hefty out-of-pocket expenses in times of need.

To understand our top policy coverage inclusions, check out the detailed table below.

Who Should Opt for Cheap Travel Insurance

Things to Look for While Buying a Cheap Travel Insurance Plan

• Policy Inclusions- The first thing to look for when buying cheap travel insurance online is the policy inclusions. In addition to the standard features of travel insurance, you must review the types of policy inclusions to ensure you get the necessary coverage in times of need and emergencies.
• Sum Insured Value- You must also check the sum insured value range available with different inexpensive travel insurance plans to assess whether the range aligns with your specific coverage needs.
• Claim Settlement Ratio- The insurer's claim settlement ratio is also an integral part of the final decision-making process when choosing cheap travel insurance online. A higher CSR reflects faster and more efficient claim settlements, so choose wisely for timely claim settlements.
• Variety of Specific Plans- Check for the types of travel plans available with an insurer. This includes options such as individual plans, annual multi-trip plans, family plans, student plans, etc. Having these options can help you find a cheaper travel plan that meets your needs without any hassle.
• Available Support and Assistance- Ensure your insurer offers customer support and assistance 24/7 for query resolution. This is crucial as it will help with any doubt regarding policy purchases and claims.

How to Save Money on Your Travel Insurance Premium?

• To save money on your travel insurance premiums, you must compare different travel insurance policies onlineto find the best premium travel insurance for your coverage needs without compromising on budget.
• When you buy cheap travel insurance, explore and look for bundle dealsto save on overall premium expenses without compromising on coverage.
• To reduce or save on your travel insurance premium, opt for a higher deductible. However, remember to not go too high as it increases your upfront expenses in times of emergencies.
• If you take frequent trips in a year, choose an annual premium travel insurance coverinstead of individual travel insurance plans for each trip. An Annual Multi-Trip Travel Insurance planwill help you save a significant amount.
• For family vacations, opt for family travel insurancethat offers equal coverage for all family members under the same plan at a lower premium than individual plans for each family member.

Factors Affecting the Cost of Travel Insurance

Duration of the Trip

The duration of your trip has a direct impact on your travel insurance coverage and premium. For longer trips, you require a higher coverage as the risk of unforeseen emergencies is higher. For shorter trips,however, the risk is lower, and thus, you can benefit from cheap travel insurance premiums.

Travel Destination

Insurers analyse the risk profile of different travel destinations and offer policy premium rates based on that analysis. For countries with political unrest, high medical costs, or frequent natural disasters, travel insurance plans come with higher premiums, and vice versa.

Required Coverage

Depending on your travel needs, your choice of sum insured also impacts the travel insurance premium. For a higher coverage, your premium will be higher, and vice versa. The choice is between basic plans and comprehensive coverage plans.

Number of Travel Companions

If you are travelling with multiple travel companions, your need for coverage will increase, and so your overall travel insurance cost may be higher. However, in such cases, you can opt for a family or group travel insurance policy to avail of more affordable premiums.

Age of the Policyholder

Some insurers also take into consideration the age of the policy buyer and offer premiums accordingly. For instance, for a young and healthy individual, the premium will be lower as a reduced risk profile. In contrast, for an older person with medical conditions, the premium will be higher due to a higher risk profile.

Pre-Existing Conditions

Suppose you have specific medical conditions that require unique coverage. In that case,your travel insurance premium will be higher to cover your pre-existing conditions during your trip in case of any medical emergency.

Why is Reliance Travel InsuranceCost-Effective?

Reliance General Insurance, with more than 3 crore happy customers, focuses on customer needs and satisfaction as a top priority.

Our affordable travel insurance plans are designed to offer policyholders all the necessary coverage and sum insured ranges to fit their budget constraints without compromising on quality assistance.

Here are some reasons why you must choose Reliance General travel insurance for your next trip without causing a dent in your savings.

• Customised Plans - In addition to the inexpensive travel insurance plans we offer, our policies cater to a variety of traveller needs and profiles to ensure there is something for everyone. This allows customers to choose the coverage they need and pay for only the coverage that suits their budget.​​

• Online Convenience - To ensure we offer one of the best cheap holiday insurance with maximum customer experience and efficiency, we provide easy-to-follow online processes for policy purchases, extensions and claim requests.​

  These processes not only save time but also ensure reduced operational costs for us and affordable premiums for our customers.

• Transparency in Pricing - We take pride in our complete transparency in pricing. We provideour customers with detailed information about policy coverage, terms, inclusions, and premiums to aid informed decision-making based on their budget. This allowsyou to get the best low-cost travel insurance.

• Extensive Coverage at Low Premiums - Whether you are looking for solo trip coverage, family vacation plans, or annual multi-trip support, all our travel insurance policies offer extensive coverage at affordable rates.

• Valuable Coverage Add-Ons - In addition to the standard policy inclusions for medical emergencies and trip or flight mishaps, our plans also include lost baggage compensation, legal and compensatory benefits for third-party liabilities, emergency medical evacuation, and cashless hospitalisation for complete support.

• Customer Support and Expertise - Our 24/7 customer service is available to assist with any queries or doubts throughout your policy tenure and for purchase-related support.

Frequently Asked Questions

1. What is cashless travel insurance?

   Cashless travel insurance is a global assistance facility that allows you to take advantage of cashless claims with your chosen travel insurance policy without the hassle of hefty upfront payments.

   With this claim, once your treatment is completed, the insurer settles the medical bills directly with the hospital you get treated based on your policy terms and conditions.

2. Is travel insurance compulsory?

   The mandatory requirement of travel insurance may vary from country to country. For instance, for a Schengen visa, you must submit proof of travel insurance at the time of submission of the visa application. However, there is no such mandate for a Maldives visa.

   However, even though travel insurance might not be mandatory in all countries, investing in travel insurance cover ensures maximum financial assistance in times of need.

3. What are the common exclusions in travel insurance ?

   Some of the common exclusions include -

   • Nuclear attacks
   • Wars
   • Negligent behaviour
   • Pregnancy and childbirth
   • Undeclared medical conditions
   • Cosmetic procedures
   • Partial loss of baggage
4. Should you buy expensive travel insurance?

   The decision to buy cheap or expensive travel insurance depends on individual coverage needs. If you are on a tight budget but need a financial safety net, you must buy cost-effective and affordabletravel insurance. However, if your specific needs require higher coverage, choosing an expensive plan might be more beneficial.​