ICICI Travel Insurance Review
Did you know that the international travel insurance market size reached a whopping $11.9 billion in 2017? And, this figure is expected to touch the $35 billion mark by 2025, says an article by MarketWatch.
And, Indians account for a significant percentage of international travelers worldwide. Unfortunately, while Indians are increasingly traveling overseas, many are still unaware of the need for a good travel insurance policy to safeguard themselves against mishaps in a foreign land.
ICICI Lombard Travel Insurance is a comprehensive travel plan for travellers who wish to visit the USA or other international destinations.
Not just medical coverage, this plan offers cover for emergencies like loss of baggage, check-in delay, trip cancellation, missed or interrupted flight, and accidents, says ICICI Lombard General Insurance Ltd.
If you are a businessman and need to travel to the US multiple times in a year, you can consider buying the multi-trip plan provided by ICICI Lombard.
ICICI Travel Insurance Benefits
The policy provides travel coverage of up to $500,000. If you are faced with a medical emergency, you have the benefit of cashless hospitalization with this policy.
It offers other emergency covers as well, such as medical evacuation, repatriation of remains, hijack distress allowance, emergency advance cash, catastrophe evacuation, fire, burglary, emergency hotel room extension, and return of children.
The best part about this plan is that people aged 85 years or less don’t have to go through any medical tests to be approved for the insurance. Moreover, it offers customized travel insurance plans to suit the visa requirements for Schengen countries too.
|Atlas America 100% Coverage, Comprehensive plan|
|Safe Travels USA 100% Coverage, Comprehensive plan|
|Patriot America Plus 100% Coverage, Comprehensive plan|
ICICI Travel Insurance Limitations
Although there are numerous benefits of this policy, there also are some exclusions that you should know about. The policy doesn’t cover any medical situation that arises out of a pre-existing condition.
It also doesn’t cover the treatment of oncological and orthopedic diseases, dental injury, cosmetic treatment, mental disorders, pregnancy or childbirth-related conditions, and vaccinations. In addition, self-inflicted injuries and Ayurvedic or homeopathic treatments are not covered by this plan.
For more information about the exclusions, you can check this website.
Feedback from Customers
Several customers have expressed their satisfaction with the services provided by ICICI Lombard. One of the customers, who was quite satisfied with the policy and the company, expressed that he received his reimbursements in a timely manner and without any hassle.
He further stated that he booked a flight for international travel, but due to the floods in Kerala, his fight was cancelled. His airfare and other losses were reimbursed by ICICI Lombard. And, he strongly recommends this policy for frequent travellers.
However, some customers have been unhappy, with one stating that he didn’t have a good experience with the insurance company. He claims that he provided all the documents, including passport, visa, and receipts, however, the company denied his claim.
It is advisable to research and compare various travel insurance policies and read customer reviews before buying one. Using various sites for comparing policies, such as Insuremytrip.com, Policybazaar.com, etc. can help you avoid any future complications.