A domestic travel insurance policy insulates the policyholder from expenses that may result from treatment of a medical emergency, theft/loss of baggage and other valuables, delays/cancellation of flights, permanent disability, and personal liability.
2. INTERNATIONAL TRAVEL INSURANCE
This policy is designed in keeping with what customers – travelling internationally – would want. Besides the usual coverage offered by its domestic counter part, an international travel insurance policy safeguards you (policyholder) against risks of a flight hijack, repatriation to India, etc.
The name is the marker here – with the policy specifically designed to cover expenses emanating from medical emergencies and other healthcare-related concerns. However, the exact set of inclusions and exclusions will vary across insurance providers.
Consider a group of employees travelling abroad to participate in a business conclave. In such a situation, it would not make sense for every individual in the group to purchase his/her own travel insurance policy – for the simple reason that it could compound premiums considerably.
