What Is Travel Insurance from a Credit Card?
Travel insurance through your credit card provides financial protection for unexpected events during your trips. This coverage typically includes trip cancellations, baggage issues, medical emergencies, and more. Think of it as having a trustworthy companion during your travels, offering assistance when you need it the most.
Top Benefits of Travel Insurance from Credit Cards:
1. Trip Cancellation Coverage
You’ll get reimbursed for non-refundable travel expenses if your trip is canceled due to illness, severe weather, or other qualifying reasons. For instance, Standard Chartered Priority Visa Infinite and Axis Bank Privilege cards offer this benefit.
2. Baggage Loss and Delay Coverage
If your luggage gets lost or delayed, travel insurance will cover the cost of essential items. Cards like the ICICI Bank Rubyx Credit Card have this feature.
3. Emergency Medical Coverage
Experiencing a medical emergency abroad? Some cards cover medical expenses, such as the HDFC Regalia Credit Card.
4. Travel Assistance Services
Many credit cards provide access to emergency services, like help with accommodation, transportation, and replacing lost documents.
Things to Keep in Mind:
- Activation Requirements
Be sure to charge part of your trip to the credit card to activate the insurance benefits. - No Coverage for Personal Cancellations
If you cancel your trip for personal reasons not covered by the policy, you won’t get reimbursed. - Pre-existing Medical Conditions
Certain cards may exclude coverage for pre-existing health conditions. Check the terms before relying on this insurance.
Top Credit Cards Offering Travel Insurance in India:
- For Baggage Loss/Delay:
Axis Bank SELECT Credit Card, ICICI Bank Rubyx Credit Card, Club Vistara IDFC First Credit Card - For Trip Cancellation Coverage:
ICICI Bank Emeralde Private Metal Credit Card - For Medical Emergencies:
HDFC Regalia Credit Card, HDFC Bank INFINIA Metal Credit Card