Getting into Insurance fine print and legalese is the last thing you’d want to do when you’re planning a holiday. But, if you’ve planned an elaborate, expensive vacation—especially one abroad—purchasing a good Travel Insurance policy should be high on your list of priorities.
Holidays can be expensive—foreign holidays, even more so. But, letting go of Travel Insurance to cut costs is not advisable. You don’t want to be stuck in a foreign country with no help under unforeseen circumstances such as flight cancellations, loss of baggage, robbery, accidents or a medical emergency.
Therefore, is essential that you acquire a good Travel Insurance policy that adequately covers you when the going gets tough. In fact, Travel Insurance is a mandatory requirement when visiting certain countries.
Let us help you understand the benefits of Travel Insurance.
You could fall ill on your trip due to multiple reasons: change in climate, bacterial or viral infection, not being able to adapt to a new diet and so on.
Getting medical attention on your travels can sometimes be a challenging task, especially because hospitalisation in a foreign country can be expensive due to currency conversation rates. This is when a Travel Insurance plan could come in handy, since it helps you cover your medical costs.
Covers Against Loss
A Travel Insurance policy provides coverage and protection in the event of flight cancellations/delay, loss of baggage or other documents, personal liability, hijacking, accidental death and more.
Age No Bar—Well, Almost!
From infants to senior citizens, Travel Insurance covers travelers of all ages during emergencies. Candidates up to the age of 85 years can avail Travel Insurance without undergoing any medical tests.
What Are The Different Travel Insurance Plans Available?
The Travel Insurance plans currently available in the market are:
- Domestic Travel Insurance plans, which cover domestic travel
- Travel Insurance plans with worldwide coverage, including USA and Canada
- Travel Insurance plans with worldwide coverage, excluding USA and Canada
- Travel Insurance plans designed especially for the Asian countries
- Corporate Travel Insurance plans
- Senior citizen Travel Insurance plans
- Travel Insurance plans based on the frequency of travel – single trip travel plan or annual multi-trip travel plan
What Are The Features You Must Look For In Travel Insurance?
With multiple Travel Insurance plans available in the market, here are some features you must keep an eye out for before buying a plan:
- Make sure your destination is listed
- It must cover all family members you are travelling with
- It must have a medical emergency hotline
- It should cover the duration of your trip
It would be advisable to go online and compare various Travel Insurance products before buying the one best suited to your requirements. Travel booking websites often bundle insurance products into your purchase, so you should carefully evaluate these covers before buying them.
Additional Reading: Travel Insurance + Health Insurance = Best Vacation Ever
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