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Travel Insurance: Importance, Coverage & Benefits Explained

16 Apr 2026

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1 out of 6 travelers impacted by medical conditions, natural disasters or mechanical / carrier caused problems in India and only 1 out of 5 had Travel Insurance

Travel Insurance Key Coverages

Loss of Baggage

Covers loss of baggage, including content as per product offered.

Loss of Checked-in Baggage

Covers full and permanent loss of checked-in baggage during the trip.

Cashless Claims

At network hospitals; no bills, no stress.

Accidents

Sudden. Unexpected. Covered.

Home Burglary and Theft

Covers theft due to forcible entry or exit from your home.

Hospitalization

Covered for known diagnosis subject to informing insurer and as per product offered.

Personal Liability

Covers legal liability and defense costs as per policy limit.

Emergency Care

Need urgent help? Insurers provide support using external network.

Claim Example

Baggage Lost During International Vacation of 1 Week!

  • Customer and spouse had a flight from Mumbai to Portugal
  • On landing, customer identified that their checked-in baggage had not reached Portugal
  • Claim was filed with the insurer along with following documents:
    • Claim form (filled online)
    • Confirmation letter from flight operator acknowledging the incident and the timeline for bag delivery
  • The claim was settled within 2 days of submitting the claim request

Action | Timeline

  • Loss Identified – T
  • Documents Submitted – T
  • Claim Settled – T+2
  • Premium Paid – ₹ 936/-
  • Claim Settled – ₹ 49,676/-

With Travel Insurance, you can continue to explore freely on your vacations, while the insurer handles the fine print.

Because holidays shouldn’t become a chore!


Travel insurance coverage, terms and conditions may vary by insurer and policy type. Please read the policy wording carefully to understand inclusions, exclusions and claim conditions before purchasing any insurance product.

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    The contents of this article/infographic/picture/video are meant solely for information purposes and do not necessarily reflect the views of Bank of Baroda. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Bank of Baroda and/ or its Affiliates and its subsidiaries make no representation as to the accuracy; completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Bank of Baroda or its affiliates to any licensing or registration requirements. Bank of Baroda shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

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