Travelling is a regular and an important event in everyone’s life whether it is for leisure or work. People are opting for adventure travels just for the sake of adventure or to spend some family time together. Who won’t want to go on a vacation amidst scenic lands, pampered days and carefree moments – far away from hectic life! Well, how much we love travel we should not undermine the risks that it entails. Yes, travelling does have its own risks and probabilities of unforeseen situation distress.
Make your travel itinerary foolproof by adding travel insurance to it.
What is Travel Insurance?
Travel insurance is insurance that is intended to cover trip cancellation, lost luggage, theft, medical expenses, flight accident, terrorism, travel-company bankruptcy, emergency evacuation and other losses incurred while traveling, either internationally or within one’s own country.
Therefore it can minimize the considerable financial risks of traveling and by spending a few hundred rupees, you not only insure yourself against financial disaster but ensure that, if needed, you get the best possible service.
Do you need Travel Insurance?
For a number of travelers, insurance is a good deal; for others, it’s not.
Each traveler’s potential loss varies, depending on how much of your trip is prepaid, the refundability of the air ticket you purchased, your state of health, the value of your luggage, where you’re traveling, the financial health of your tour company and airline, and what coverage you already have.
Even though you don’t make a claim every time you buy travel insurance, it is unwise to go out without one.
How does Travel Insurance work?
When you buys a Travel Insurance policy from an insurance company, you will get the right to claim reimbursements for any un-planned expenses you may incur when faced with the below risks during the course of your travel.
A medical emergency which might involve hospitalization.
Loss of baggage – checked in or delayed.
Losses incurred while travelling.
Emergency replacement of important items.
Emergency evacuation from host country.
Acts of terrorism.
Loss of passport.
If you come across any of the above emergencies, then you can avail assistance from your insurance cover provider as well as ask for complete reimbursement for the losses incurred when you return back home.
How many types of Travel Insurance are there?
Domestic travel insurance
Domestic travel insurance provides coverage for medical emergencies, permanent disability and death, checked-in lost/stolen baggage, travel delay and personal liability.
International travel insurance
International travel insurance gives a comprehensive coverage for medical expenses overseas, hijack, baggage and travel delays, repatriations/evacuation to India, and loss of travel documents/passport besides the usual coverage.
Corporate travel insurance
Under corporate travel insurance India, employees of an organization can get coverage for both international and domestic trips.
Student travel insurance
There is minimum paperwork involved in student plans. The coverage is comprehensive and provides for expenses incurred on medical treatment, passport loss, and study interruptions.
Senior citizen travel insurance
Senior citizen insurance is for people who belong to the age group 61-70. It includes coverage for dental treatments and cashless hospitalization besides the usual benefits associated with travel insurance.
Family travel insurance
Family travel insurance covers hospitalization, baggage loss, and other incidental expenses. The claim disbursement is easy with minimal paperwork involved.
Individual travel insurance
Through individual insurance, you can get coverage against cancellation of trip, home burglary and trip curtailment.
Stay safe, Stay insured and keep travelling !
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