nib Budget Travel Insurance


Budget Travel Insurance – Save 30%

Budget Travel Insurance from nib Travel Insurance is a product designed for the budget conscious traveller. You might be travelling the world on a budget or just purchasing an airfare and do not need a high level of cancellation cover. Whatever the reason the Budget Travel Plan  covers the basics with 18 categories of cover and importantly the policy still gives you unlimited medical expenses cover as well as $15,000 cancellation cover.

What your Budget Travel Insurance Includes:

Below are just some of the main categories of cover and the benefits that the Budget Travel Plan provides.

 Per Adult
Medical and Dental ExpensesUNLIMITED
Evacuation and Repatriation$500,000
Cancellation and Holiday Deferment$15,000
Luggage and Personal Effects maximum limit$5,000
Rental Vehicle Insurance Excess$2,000
Personal Liability$1 Million
Plus Many More Categories of Cover

Please refer to the Policy Wording or the Benefits tab above for a full list of benefits.

Who can purchase Budget Travel Insurance?

  • Budget Travel Insurance is available to Australia Residents and Non Residents but some age limits do apply depending on where you travel.
  • An upper age limit of 69 years applies to the following destinations: USA, Canada, Antarctica, Europe, Middle East, Japan, Central and South America.
  • An upper age limit of 80 years applies to these destinations: UK, Asia, Tahiti, Indonesia, New Zealand and the Pacific Region.

Emergency Medical Conditions

Please be aware that there is no cover for existing medical conditions on a Budget Travel Insurance Plan unless it is one of the automatically covered conditions that are listed in the Product Disclosure Statement. This list appears on pages 33 & 34 of the PDS. If you definitely have existing medical conditions and want them covered then you may need to purchase International Travel Insurance. For details of the assessment process for existing medical conditions please visit our Existing Medical Conditions page.

Some Additional Benefits of Budget Travel Insurance

  • Budget Travel Insurance has three Travel Plans for different destinations. Please see Page 15 of the PDS for details.
  • Children/Grandchildren under 25 are free with adult policy
  • You can make your policy excess free
  • 21 day cooling off period
  • Backed Worldwide by nib International Assistance

At Travel Insurance 247 we give you the option of getting an online quote yourself by clicking on the nib Travel Insurance Quote button or for a detailed quote emailed to you please click on the Emailed Quote button. Many of our customers choose to get a detailed quote as it includes helpful information and tips specific to the policy you wish to purchase. Travel Insurance 247 look forward to being of assistance with the nib Budget Travel Insurance product. You can save 30% on all our premiums when you purchase your policy online from this website. You can email us any queries you may have to or call us on 1300 780 247 to speak with one of our friendly staff.



nib Additional Options

You can add the following Additional benefits to your policy prior or post departure.

Snow Sports Cover

Snow Sports Cover can be purchased for an additional amount unless you are travelling to New Zealand where cover will be provided under the Snow Sports section free of charge.

The Snow sports cover will give you coverage for any claim arising due to the participation in snow sports up to the applicable limit of the relevant section.

Additional Rental Vehicle Insurance Excess Cover

This cover is available on the International, Annual Multi Trip and Australian Travel Plans.

If you are renting a car, campervan, motorcycle or boat, you may have to pay an insurance excess for an accident or theft. nib have included cover for rental vehicle insurance excess however you may wish to increase this cover for an additional amount.

The maximum additional cover you can purchase is $5,000 which will cost $20 for every $500 of additional cover.

Specified Item Cover

You can cover items worth more than the item limits on payment of an additional amount. Items separately insured under Specified Item cover are covered up to the amount specified even if this amount exceeds the total luggage limit set out in the schedule of benefits. The amount you pay to insure a specified item amounts to 3% of the value of the item.

For International and Annual Multi Trip Plans the maximum individual item limit is $6,000 per item with a total maximum total for all items of $15,000.

For Australian Travel Plans the maximum individual item limit is $4,000 per item with a total maximum total for all items of $10,000.

Removal of Excess

You can pay an additional premium on the International , Budget, Annual Multi Trip and Australian Plans to remove the excess.

For further information regarding any of the additional options please refer to the Policy Wording.

Online Travel Store

Product Disclosure Statement

Contact Details

Travel Insurance 247 Pty Ltd

P 1300 780 247

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