What is Travel Insurance?
Travel insurance can be defined as the insurance that covers the costs and losses related with traveling such as loss of luggage, delays, trip cancellation, and medical emergencies expenses like accidental death or injury and emergency medical evacuation while traveling in the foreign destination.
Travel insurance are divided into two broad categories-
-Trip cancellation insurance
-Travel medical insurance
Trip Cancellation Insurance:
It is applicable on the cases where you cancel your trip prior to your departure or you need to return back from your trip early due to some emergency or you somehow met with an accident or any other medical emergency takes place or you lose your luggage or you suffer from baggage delay. You will get your non- refundable amount reimbursed of your trip cost. And the travel agency help you pay for the additional expenses to make the required arrangements. T&C Apply.
Travel Medical Insurance:
Travel medical insurance usually doesn’t cover trip cancellation charges but focuses on medical benefits. It helps in better medical coverage in comparison of standard trip cancellation insurance. It is not restricted strictly to major medical emergencies and acts best if you are traveling for longer duration. T&C Apply.
Advantages of Travel Insurance -
- Financial remuneration for medical emergencies
- Cooperation in third party legal liability
- Personal accident
- Loss of travel documents such as passport or tickets
- Financial support
Why is travel insurance important?
Travel insurance is important but not compulsory for everyone to buy, but with the addition of travel insurance, traveling to international destinations become easy, comfortable and convenient. If you are traveling abroad, the medical and other emergency expenses may be higher. There travel insurance companies come into action to save you from unfortunate events.
Most of the people aren’t aware that domestic travel insurance is limited and you need international travel insurance to get ensured that you are completely covered. Check out the following reasons to understand better why is travel insurance important-
Case 1 : When you have to vacate the hotel immediately because of unforeseen circumstances such natural disasters.
Case 2 : You have to rush for immediate medical attention to the nearest hospital.
There could be more incidences where you need immediate help while you are vacationing as planned, that’s how travel insurance prevents you from the unseen travel and medical emergencies.
Inclusions in international travel insurance plan -
- Cancellation of trip or interruption
- Common carrier accidental death
- What all valuables are getting covered with the selected policy.
- Loss of Luggage
- Dental Expenses
- Claim limit for your policy.
- Delayed in Checked- in Baggage
- Luggage is stolen
- Daily allowance for hospitalization
- Duration of your travel insurance plan, make sure you cross check the duration of policy, be it single trip or multi trip policy.
- Upgradation from economical to business class
- Pre- existing disease cover
- Hospitalization Cover
- Double sum insured for Accidental hospitalization
- Treatment in home country
- Medical Evacuation
- 2- Way compassionate visit
- Accidental death/ Permanent total disability
- Delayed trip
- Type of policy, whether it is individual, family or couple.
- What all valuables are getting covered with the selected policy.
- Type of policy, whether it is individual, family or couple.
- Verify the chosen policy is covering the desired destination or not.
- Cover for Medical Emergencies.
- Cover for Luggage.
- Cover for the trip cancellation.
- Cover for emergency assistance.
How do I choose travel Insurance plan?
Once you have booked your flights and hotel in the respective travel destination, immediately you should search for the best travel insurance policy suitable for your requirements. You need to keep few things in your mind before taking any travel insurance plans-
- Type of policy, whether it is individual, family or couple.
- What all valuables are getting covered with the selected policy.
- Claim limit for your policy.
- Duration of your travel insurance plan, make sure you cross check the duration of policy, be it single trip or multi trip policy.
- Verify the chosen policy is covering the desired destination or not.
- Cover for Medical Emergencies.
- Cover for Luggage.
- Cover for the trip cancellation.
- Cover for emergency assistance.