Travel insurance is a type of insurance that provides financial protection for individuals who are travelling domestically or internationally. It covers the cost of medical emergencies, trip cancellations, lost luggage, and other travel-related expenses. Travel insurance policies can be customized to meet the traveller's specific needs, including coverage for trip cancellation, trip interruption, emergency medical expenses, and medical evacuation.

Trip cancellation coverage provides reimbursement for the cost of a trip if it is cancelled or interrupted due to a covered reason, such as illness, injury, or natural disaster. Emergency medical coverage provides coverage for medical expenses incurred while travelling, including hospitalization, surgery, and prescription medications. Medical evacuation coverage provides coverage for the cost of transporting the insured to a medical facility for treatment.

Travel insurance can be purchased as a standalone policy or as part of a comprehensive travel package. It is important to carefully review the policy to ensure that it provides adequate coverage for the traveller's specific needs.