Travel insurance policy is very important for the person who travels frequently. It offer coverage against exigencies like accidents, lost of ticket or baggage, trip cancellations or delay, missed flights and loss of passport & important documents. The premium amount is totally dependent on the country that you are visiting and the number of days of your trip. The insurance company also offer customized travel insurance plans which offer great benefit to the policyholder. Read the article to know more about a travel insurance policy and how it helps you to travel safely. Types of Travel Insurance in India: The two wide types of travel insurance offered in India are as follows. Domestic Travel Insurance This policy is offered for people who are travels within the country. Various unfortunate events like personal liability, death, injury, accident and medical emergencies are covered under travel insurance policy. It provides coverage to the policyholder even if he is traveling within the country. Overseas Travel Insurance This policy offers coverage to the customers who travel abroad, overseas frequently. Overseas travel insurance offers a comprehensive coverage of unforeseen events like hijack, repatriation expenses, and expenses incurred due to loss of passport and travel documents, loss of baggage and flight delay or cancellation. Benefits and coverage of Travel insurance Medical Treatment is Costly In case you meet medical treatment when you are out of the country, on an average, it will cost about $2280. It will help you in a medical emergency while you are on a trip abroad. This will bear the cost of medical treatment and save you from draining your wallet. To prevent this risk make sure you are covered under a comprehensive travel insurance plan. Cover for Emergencies It provides several benefits and coverage. It means then the policy does not only covers the unexpected medical emergencies but also provide coverage for the unforeseen events like flight cancellation, loss of personal baggage, missed flights and trip cancellation are also included in most of the travel insurance policies. In case you face such sudden emergencies, having a travel insurance will ensure assistance and will also save your valuable money and time. Efficient Coverage It is vital to note that when you are travelling abroad and you are covered under an international travel insurance policy, you premium you are paying is in rupees but the coverage is available in foreign currency. For example on an average, under a travel insurance policy policyholder can get an emergency cover of up to $1,00,00 if you are paying a premium of Rs.1,000. Loss or Theft of Belongings Think of a situation where you lost your passport or a baggage while travelling or when you are in a foreign land. Obviously, it will pose an array of problems no matter where you are. This will definitely incur a considerable amount of mental trauma and lot of money to get the documents back. It is recommended to be safe and secure under a travel insurance policy which will help you confidently face such problems. Other benefits under Bajaj Allianz Travel Insurance
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AuthorInsurance and financial manager. Archives
May 2018
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