Is Travel Insurance Worth It? Everything Travelers Must Know


Traveling brings adventure and excitement, but it also involves risks like sudden illnesses, flight cancellations, lost luggage, or accidents. Many wonder: Is travel insurance worth it? In short, yes—especially in 2025, when medical costs abroad remain high and disruptions are common. With the full GST exemption on individual travel insurance premiums (effective September 22, 2025), policies are now up to 18% cheaper, offering excellent travel insurance benefits at affordable rates.

This guide breaks down why travel insurance is essential, its key benefits, real-world scenarios, costs, and tips to decide if it's right for you.

Happy family under umbrella symbolizing life insurance, health ...

(Suggested Featured Image: Happy family traveling safely under a protective shield, symbolizing the security of travel insurance.)

Why Travel Insurance is Worth It in 2025

Indian travelers increasingly see travel insurance as essential rather than optional. Industry reports show 15% year-on-year growth in 2025, driven by rising awareness of risks. Medical emergencies top the list—a single hospitalization in the US or Europe can cost ₹20-50 lakhs or more without coverage.

Other common issues include:

  • Flight delays/cancellations due to weather or strikes.
  • Lost or delayed baggage.
  • Trip interruptions from family emergencies or illness.

With 0% GST, premiums start as low as ₹20-50 per day, while potential claims run into lakhs. High claim settlement ratios (95%+ from top insurers like ICICI Lombard and Tata AIG) make it reliable.

Why I'm Obsessed With Patients' Medical Bills - The New York Times

(Image: High medical bill from emergency abroad, showing the financial risk without insurance.)

Key Travel Insurance Benefits Every Traveler Should Know

Travel insurance benefits go beyond medical coverage:

  1. Medical Emergencies: Covers hospitalization, evacuation (up to $1 million), and repatriation. Cashless treatment at global networks.
  2. Trip Cancellation/Interruption: Reimburses prepaid costs if you cancel due to covered reasons (illness, death in family).
  3. Baggage Loss/Delay: Compensation for lost items ($500-1,000+) or essentials during delays.

You Didn't Make It to St. Louis, but Your Bags Did. Here's What to ...

(Image: Lost baggage at airport, a frequent issue covered by insurance.)

  1. Flight Delays/Missed Connections: Daily allowances or hotel costs.
  2. Personal Accident/Liability: Covers death/disability or third-party claims.
  3. Other Perks: Passport loss, hijack distress, 24/7 assistance, add-ons for adventure sports or pre-existing conditions.

Many plans are visa-mandatory (e.g., Schengen requires €30,000+ medical cover).

Travel Happy with Income Insurance | Travel Insurance

(Image: Happy traveler holding insurance policy, representing peace of mind.)

Real-Life Examples: When Travel Insurance Saves the Day

  • Medical Claim: A traveler hospitalized in the US faced ₹30+ lakhs in bills—insurance covered most via cashless settlement.
  • Baggage Delay: Frequent claims (1 in 4 for some insurers) reimburse essentials when luggage arrives late.
  • Trip Cancellation: Cyclone alerts or illness force cancellations—insurance refunds non-refundable bookings.
  • Evacuation: Critical cases require air ambulances (lakhs in cost)—covered in premium plans.

These scenarios show travel insurance benefits in action, preventing financial ruin.

Cost vs. Value: Is It Really Worth the Money?

Post-GST exemption, a 10-day Asia trip costs ₹300-900; Europe/USA: ₹800-2,500. Annual multi-trip plans: ₹5,000-15,000.

Compared to risks:

  • ER visit abroad: ₹2 lakhs+.
  • Full hospitalization: ₹20-50 lakhs.

For 5-7% of trip cost, you get comprehensive protection—definitely worth it for international travel.

Domestic trips may need less, but coverage for delays/baggage adds value.

When Might Travel Insurance Not Be Worth It?

  • Short, low-risk domestic trips with refundable bookings.
  • If your credit card/home policy already covers basics (check limits).
  • Budget travelers gambling on no issues (risky with high abroad costs).

For most, especially families, seniors, or international trips—the benefits outweigh costs.

Tips to Maximize Travel Insurance Benefits

  1. Buy early for cancellation cover.
  2. Choose adequate medical sum ($100K+ for costly destinations).
  3. Disclose pre-existing conditions honestly.
  4. Compare on Policybazaar for best deals.
  5. Opt family/multi-trip for savings.
  6. Understand exclusions (war, intoxication).

Conclusion: Yes, Travel Insurance is Worth It

In 2025, with affordable premiums (thanks to 0% GST), robust travel insurance benefits, and rising risks, travel insurance is a smart investment. It turns potential disasters into minor inconveniences, letting you focus on enjoying your trip.

Whether solo, family, or frequent flyer—get covered. Compare plans online today and travel worry-free! 

Renters vs Homeowners Insurance: Which Home Insurance Do You Need?


In India, where natural disasters like floods and earthquakes are common, along with risks of fire, theft, and burglary, protecting your living space is crucial. Whether you own your home or rent it, the right insurance can save you from massive financial losses. The key question many face is: Do I need renters insurance or homeowners insurance?

Homeowners insurance (standard home insurance in India) covers the building structure and often contents for owners. Renters insurance (also called tenant insurance or contents-only home insurance) protects your personal belongings in a rented property, as the landlord typically insures the structure. In 2025, with affordable premiums and easy online options, choosing the right one ensures peace of mind.

Happy Secure Family: Over 13,556 Royalty-Free Licensable Stock ...

(Suggested Featured Image: Happy family in a secure owned home, symbolizing the protection of homeowners insurance.)

Understanding Homeowners Insurance

Homeowners insurance is designed for property owners. It provides comprehensive coverage for the building and often includes contents.

Key features:

  • Protects the structure (walls, roof, fixtures) against fire, natural calamities, burglary, etc.
  • Optional or bundled contents coverage for furniture, appliances, and valuables.
  • Add-ons like loss of rent or terrorism cover.

Popular in plans like HDFC ERGO Home Shield or Bajaj Allianz My Home Insurance. Ideal if you own the property—the landlord's policy won't cover your rebuilding costs.

What is Home Insurance? Types, Benefits and Coverage (2025)

(Image: Secure Indian home with family, representing the peace of mind from homeowners insurance.)

Understanding Renters Insurance

Renters insurance (contents or tenant insurance) is for those living in rented accommodations. The landlord insures the building, but your belongings are your responsibility.

Key features:

  • Covers personal items (electronics, clothes, jewelry) against theft, fire, or damage.
  • Liability coverage if someone gets injured in your rented space.
  • Additional living expenses if the rental becomes uninhabitable.

In India, this is available as "contents-only" in home insurance policies from insurers like ICICI Lombard or SBI General. Premiums are low, often ₹500-2,000 annually.

Do You Need Renters Insurance? - NerdWallet

(Image: Young couple in a rented apartment with protected belongings, highlighting renters insurance benefits.)

Key Differences: Renters vs Homeowners Insurance

Here's a side-by-side comparison:

AspectHomeowners InsuranceRenters Insurance
Who It's ForProperty ownersTenants/renters
Structure CoverageYes (building protected)No (landlord's responsibility)
Contents CoverageOptional or includedYes (personal belongings)
Premium CostHigher (₹1,000-10,000+ annually)Lower (₹500-3,000 annually)
LiabilityCovers third-party claimsCovers personal liability
Best ForOwned homes/apartmentsRented flats/houses
Add-OnsTerrorism, valuables, rent lossPortable items, additional expenses

Many policies align with IRDAI's Bharat Griha Raksha for basics.

Homeowners Insurance vs. Renters Insurance: What's the Difference?

(Image: Comparison illustration of homeowners vs renters insurance.)

When to Choose Homeowners Insurance

Opt for homeowners insurance if:

  • You own the property (house, flat, villa).
  • You want full protection for structure and contents.
  • Risks like earthquakes or floods are high in your area.
  • You need coverage for rebuilding costs.

Combine structure + contents for complete security.

In Kerala and Kodagu, ecologists warned of extreme floods years ago

(Image: Indian home at risk from flood, showing why owners need structure coverage.)

When to Choose Renters Insurance

Go for renters insurance if:

  • You live in a rented property.
  • Your valuables (gadgets, furniture) are worth protecting.
  • Landlord's policy doesn't cover your items.
  • You're a young professional or student in urban rentals.

It's affordable and essential—many renters lose lakhs in theft or damage without it.

What Every Tenant in India Must Know Before Renting a House: A ...

(Image: Happy tenant in rented apartment, depicting the suitability of renters insurance.)

Costs and Savings Tips in 2025

  • Homeowners: Premiums depend on property value, location, and sum insured.
  • Renters: Much cheaper, based on contents value.

Savings strategies:

  • Long-term policies (3-10 years) for discounts.
  • Security features (CCTV, alarms) for 10-25% off.
  • No-claim bonus up to 50%.
  • Bundle with other insurances.
  • Compare online on Policybazaar for best deals.

Calculate accurately to avoid under-insurance.

Home Insurance Premium Calculator - Credit Dharma

(Image: Home insurance premium calculator, useful for both types.)

Common Mistakes to Avoid

  • Assuming landlord's policy covers your belongings (it doesn't).
  • Under-insuring contents or structure.
  • Ignoring add-ons for valuables.
  • Not checking exclusions (wear/tear, intentional damage).
  • Delaying purchase.

Read the policy wordings and Customer Information Sheet.

Conclusion: Choose Based on Your Living Situation

The choice between renters insurance and homeowners insurance depends on whether you own or rent. Owners need structure protection via homeowners insurance, while renters should secure their belongings with renters insurance. In 2025, both are affordable, easy to buy online, and provide essential financial safeguards against India's growing risks.

Assess your needs, compare plans, and get covered today—whether renting or owning, protection brings true peace of mind!

Best Travel Insurance Plans – Compare & Buy Online


Traveling opens doors to new adventures, but it also comes with uncertainties like medical emergencies, flight delays, lost baggage, or trip cancellations. In India, where international trips are booming, a reliable travel insurance policy is a must. Medical costs abroad can skyrocket—think ₹50 lakhs for a hospital stay in the US—while flight disruptions or lost passports add more stress. The best travel insurance plans protect against these, offering peace of mind at premiums starting as low as ₹20-50 per day.

In 2025, the GST exemption on individual travel insurance premiums (effective September 22, 2025) has slashed costs by 18%, making coverage more affordable without compromising benefits. Whether for Schengen visas (requiring €30,000 cover), family vacations, or business trips, this guide helps you compare and buy online the best travel insurance from top insurers like Tata AIG, HDFC ERGO, and ICICI Lombard.

Travel Insurance Banner Concept. Red Traveling Luggage Suitcase ...

(Suggested Featured Image: Family with luggage and airplane under a protective shield, symbolizing secure travel insurance coverage.)

Why Travel Insurance is Essential in 2025

With rising travel post-pandemic, risks persist: COVID-related quarantines, adventure sports injuries, or geopolitical delays. IRDAI-regulated plans cover medical emergencies (up to $1 million in premium options), baggage loss ($500-1,000), trip cancellation (up to trip cost), and 24/7 global assistance.

Key stats:

  • Average hospitalization abroad: ₹10-50 lakhs.
  • Baggage delay claims: Common, reimbursed up to $200/day.
  • Claim settlement ratios (CSR): Top insurers >95% (e.g., ICICI Lombard ~98%, Tata AIG >90%).

0% GST means direct savings—e.g., a ₹2,800 premium now costs just that, not ₹3,300. Visa-compliant plans for Schengen/USA are standard.

2,800+ Travel Insurance Stock Illustrations, Royalty-Free Vector ...

(Image: Damaged luggage and delayed flight icons, highlighting common travel risks covered by insurance.)

Benefits of Buying Travel Insurance Online

Skip agents for digital ease on platforms like Policybazaar, Tata AIG, or HDFC ERGO sites:

  • Instant Quotes & Comparison: Side-by-side from 20+ insurers.
  • Customization: Add-ons for adventure sports, PEDs, or seniors.
  • Discounts: 10-20% off + 0% GST.
  • Paperless: E-policy in minutes; no medical tests.
  • 24/7 Support: Global helplines for claims.

Annual multi-trip plans suit frequent flyers (up to 180 days/trip).

Explore Your Timeline from Google Maps: A Guide to Personal Travel ...

(Image: Person on laptop comparing travel insurance plans with world map, showing online convenience.)

Step-by-Step: How to Compare & Buy Travel Insurance Online

  1. Assess Needs: Trip type (single/multi), duration, destination, travelers (solo/family/student/senior), sum insured ($50K-$1M).
  2. Visit Platforms: Policybazaar, insurer sites (Tata AIG, HDFC ERGO).
  3. Enter Details: Dates, ages, passport info.
  4. Compare Quotes: Premium, CSR (>95%), coverage (medical/evacuation max), exclusions.
  5. Customize: Riders for COVID, sports, baggage.
  6. Review CSR & Network: High CSR (e.g., ACKO 99%+), global hospitals.
  7. Pay & Buy: UPI/card; instant policy.
  8. Download: E-policy for visa/print.

Takes 10-15 minutes!

Best International Travel Insurance in India: Compare & Choose the ...

(Image: Comparison chart of travel insurance plans, aiding quick decisions.)

Top Best Travel Insurance Plans in India for 2025

Based on coverage, CSR, and affordability (post-0% GST):

PlanKey FeaturesSum Insured (Medical)Approx. Premium (7 days, Asia)CSR (Recent)
Tata AIG Travel GuardUnlimited evacuation, baggage, multi-tripUp to $1M₹500-1,000>90%
HDFC ERGO InternationalCOVID/PED cover, 24/7 assist, adventureUp to $1M₹400-900High
ICICI Lombard iTravelCashless global, trip delay, seniorsUp to $500K₹450-950~98%
Bajaj Allianz Travel EliteFamily floater, hijack allowanceUp to $1M₹300-800Strong
Niva Bupa TravelSafe$500K sum, quick claims, studentsUp to $500K₹350-850Reliable
ACKO TravelStarts ₹8/day, no GST, app-basedUp to $500K₹200-70099%+

Compare on Policybazaar for latest quotes; all visa-compliant.

Travel Health Insurance: Buy International Health Insurance 2025

(Image: Icons of top plans with checkmarks, emphasizing reliability.)

Key Coverage Features in Best Travel Insurance Plans

  • Medical: Hospitalization, evacuation/repatriation.
  • Trip Risks: Cancellation/delay (up to ₹5 lakhs), missed connections.
  • Baggage: Loss/delay ($300-1,000).
  • Personal: Liability, passport loss ($300).
  • Add-Ons: Adventure, PEDs, COVID quarantine.

IRDAI standards ensure COVID coverage continues.

How to Save on Travel Insurance Premiums

  1. Buy Early: Lower rates for advance purchase.
  2. Multi-Trip: Annual plans cheaper for frequent travel.
  3. Family Floater: Covers all under one premium.
  4. Higher Deductible: Reduces cost.
  5. No Add-Ons Unless Needed: Essentials only.
  6. Online Discounts + 0% GST: 18-20% savings.
  7. Compare Platforms: Policybazaar exclusives.
  8. Healthy Profile: Non-smokers lower premiums.

Common Mistakes to Avoid

  • Low sum insured (opt $50K+).
  • Ignoring PED disclosures (claim rejection).
  • No visa compliance check.
  • Skipping CSR review.
  • Buying post-departure (coverage starts on exit from India).

Read policy wordings!

Conclusion: Secure Your Next Trip Today

The best travel insurance in 2025 combines affordability (thanks to 0% GST), comprehensive coverage, and high CSR from trusted names like Tata AIG and HDFC ERGO. Comparing and buying travel insurance online is quick, transparent, and empowers smarter choices—ensuring your adventures stay memorable for the right reasons.

Don't risk it—get quotes now on Policybazaar or insurer sites and travel protected!

Subscribe to: Comments (Atom)