The policies offered by insurance companies would vary depending on the requirement. One should look and compare policies before buying, so that you purchase a policy that you need.
The following are covers that are generally provided under Travel Insurance. However, the combination may vary.
1) Medical Expenses with or without cashless facility (most travel insurance products offer cashless facility)
2) Personal Accident
3) Loss of Baggage
4) Delay in Baggage arrival
5) Loss of Passport
6) Travel Delay
8) Transportation of dead body etc.
How are Premium Charged?
Premium amount would differ from sum insured and it would also depend on the visiting country, apart from other factors such as age, period of travel etc.
What are Excluded from the policy?
You must go through the exclusion clauses very thoroughly. Ask for clarifications wherever you have a doubt. In general, the following are not covered:
1) Pre-existing diseases
2) War Risks
3) Suicide and Insanity
4) Hazardous Sports
What is the Claim Process?
It is very important for you to understand what to do in case a claim situation arises abroad. Generally policies provide hotline numbers where intimation of claim/s should be given. You must also notify the concerned authorities involved eg, local police, embassy, transportation company etc, as applicable. The insurer also should be notified.
Normally, every travel insurance policy docket will also contain a claim form as you will be away in a distant place and may not be in a position to obtain a claim form immediately.