What is Travel Insurance ?

A plan that offers a financial shield while travelling is known as travel insurance. It offers an umbrella of assistance services and coverage during health issues encountered while travelling. You can opt for travel insurance in India or abroad, making this financial instrument useful for both domestic as well as international trips. The financial burdens that a travel insurance policy can protect you from include issues such as loss of baggage as well as unforeseen emergencies such as a medical emergency or unforeseen flight cancellation among other things

Features and Benefits of Travel Insurance

When it comes to the quintessential question of “why it is important to have travel insurance”, there are various dimensions to explore. The core features and the consequent benefits of owning a travel insurance policy are as follows:

• 1. Medical Emergencies and Hospitalization Travel insurance provides coverage against healthcare expenses that may arise due to sudden illness or health issues or meeting with an accident in a foreign land during the travel. Thus, it is vital for every traveller flying abroad to have adequate insurance coverage to extend financial support during any medical emergencies
• 2. Medical Evacuation Covers all costs incurred for any emergency transportation and evacuation services, to transfer you to an appropriate medical facility within Insurance company’s network
• 3. Trip Cancellation & Interruption Covers financial loss incurred out of cancellation of your trip due to an unforeseen event arising due to specified manmade or natural situations
• 4. Personal Liability Covers expenses against legal liability for bodily injury or property damage that occurred accidentally to third parties during your trip
• 5. Daily Allowance in case of Hospitalization Pays a specific amount per day in case of hospitalization to meet numerous allied expenses such as attendant’s meals, transportation and communication incurred, which are generally not covered under the Policy. It pays you if the hospitalization is for over two consecutive days, for a defined period by Insurance company
• 6. Loss of Checked-in Baggage Covers expenses for your checked-in baggage that you lost while in custody of the Common Carrier.
• 7. Delay of Checked-in Baggage Covers expenses in case of a delay in receipt of the checked-in baggage beyond 12 consecutive hours.
• 8. Loss of Passport Covers expenses for the issue of a new or duplicate passport in case you lose your passport
• 9. Accidental death and disability In case of death or disability arising due to an injury sustained during the trip, the policy will pay as per the limits specified in the policy