Travel insurance is a type of insurance policy that covers the financial risks associated with traveling. With a good travel insurance policy, you get financial protection from a host of unforeseen emergencies that you may encounter on a trip. These include medical expenses and numerous other unfortunate events that can occur while traveling abroad.
Standard exclusion under our travel insurance policy are-
Many of us have gone on trips without ever buying travel insurance and returned unscathed. This leads us to wonder why we need a travel insurance policy at all. Well, the answer is simple - it is better to be safe than sorry - travel may be exciting but it also exposes you to countless financial risks like medical emergencies, lost passport, lost luggage, personal liabilities and personal accident etc.Having the protection of a travel insurance policy ensures that you are protected from these risks and can enjoy your trip to the fullest. Here are some BIG reasons why you need to get travel insurance for your next trip.
Out of a total of 43 billion bags that hit conveyor belts at airports in 2019, 28 million items of luggage were either lost or misdirected. The best way to protect yourself from this is to get a travel insurance policy, as this would help the traveler to get the claim amount as compensation against baggage loss.
That's right! Passports are among the top 5 personal belongings that people lose while traveling. Fortunately, with a travel insurance policy, you are safeguarded from the financial impact of a misplaced passport on your trip.
If you are ever in a need of medical treatment in a foreign land, travel insurance will cover medical expenses, dental treatment, transportation to the hospital, and even provide daily allowance while you are hospitalized.
Insurance can be bought online or offline through an agent or by visiting a branch. While the process of buying travel insurance online is easy and convenient, it offers multiple other benefits too. Here are a few benefits-
Buy policy online from your convenient location and at your convenient time be it day or night.
Buying online is very simple, hassle-free and a quick process, thus you can save time by skipping the travel time or by meeting any agent.
Complete process is paperless & eco-friendly. Therefore, you can save environment while buying insurance online.
Complete information about travel insurance, its coverage, premium is provided via website so process can be very simple and transparent.
Online plans are generally more affordable in comparison to offline plans as no intermediaries are involved in online buying.
Travel Insurance cover the following types of financial liabilities
It refers to a person leaving India with the intention of finding work outside of India, either with or without the help of a recruiter or an employer.
It refers to any individual, group, or organisation that offers or provides work outside of India.
It means the monetary amount of coverage shown against the Insured Person.
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