Insider’s Guide: Understanding The Importance Of Travel Insurance


Understanding Travel Insurance

International travel insurance is a financial safety net designed to protect individuals from the uncertainties and risks associated with travel, whether domestic or international. The policyholder is shielded against potential financial setbacks, making it an essential purchase for any traveller.

Key Coverages In Travel Insurance Policies

Before selecting travel insurance, carefully review policy details as coverage varies. Essential coverages may include travel benefits, health, trip cancellations, emergency evacuation, lost belongings, accidental injuries or demise, loss of baggage and passport, personal accidents, unused reservations, and repatriation of remains in case of demise. *

Seven Types Of Travel Insurance

Personal Travel Insurance: Tailored for solo travellers, offering protection against the risks of travelling alone.

Student Travel Insurance: Designed for students travelling abroad, providing cost-effective coverage for educational and medical needs.

Group Travel Insurance: Ideal for those travelling with friends, family, or colleagues, reducing expenses while ensuring equal benefits for all travellers.

Travel Insurance For Senior Citizens: Travel insurance for senior citizens is tailored to address the unique risks associated with travel for individuals over sixty, including health-related concerns.

Domestic Travel Insurance: Coverage for travels within national borders.

International Travel Insurance: Provides coverage regardless of the reason or duration of the international trip, often required for visa applications.

Schengen Travel Insurance: Mandatory when visiting any of the 26 Schengen countries, offering specific coverage for the region.

How Travel Insurance Operates

Consider a scenario where a traveller has to postpone a trip due to an unexpected illness or accident resulting in hospitalisation. Despite notifying the airline and lodging, refunds are denied. In such cases, a travel insurance claim can cover non-refundable amounts, offering financial protection for unexpected disruptions. Claims are subject to terms and conditions set forth under the travel insurance policy.

Advantages Of Travel Insurance Policies

Numerous travel insurance benefits allow a stress-free journey by covering unforeseen expenses like medical emergencies, theft, or cancellations. In a medical emergency abroad, comprehensive travel insurance can help protect the high costs of medical care. Personal liability covers accidental damages to third parties, ensuring financial security during international travels. Versatile coverage protects against scenarios like flight disruptions, passport loss, and unexpected disasters, enhancing the travel experience. Claims are subject to terms and conditions set forth under the travel insurance policy. *

Understanding Travel Insurance Coverage

Travel insurance varies among providers, and it’s essential to review the policy document for a thorough understanding. Digit offers a cost-effective, comprehensive international travel insurance plan with various coverage options.

Coverage Options:

  • Covers common accidents during overseas travel.
  • Protects against potential setbacks and frequent travel mishaps, ensuring a smooth vacation.
  • Comprehensive coverage, including medical, incidental demise and disability, daily cash allowance, and more. Claims are subject to terms and conditions set forth under the travel insurance policy. *


While travel insurance covers many potential issues, specific exclusions apply:

  • Pre-diagnosed Diseases: Not covered.
  • Five-Day Cash Allowance: Only for hospitalisation
  • Demise/Disability: Not covered beyond 365 days post-accident.
  • Extended Adventure Sports: Not covered.
  • Advance Notice Flight Delay: Not covered if notified six hours before.
  • Customs Delay: Excluded.
  • Missed Connection: Not covered without sufficient time between flights.
  • Delayed Police Complaint: Theft is not covered if reported after the trip.
  • Childbirth-Related Delays: Not covered.
  • Pre-existing Conditions: Trip cancellations are not covered.
  • Visa Rejection: Trip cancellations due to visa rejection are not covered.

*Standard T&C Apply

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.

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