Overview of travel insurance

The one dream that all of us carries within our heart is to travel the world. We always dream about the good part that comes with traveling but forget the woes that it can cause if something unwanted and unexpected occurs while traveling. Hence, whenever we get the chance to travel to our favorite location, we never think about ensuring our safety with a Travel Insurance policy. Even if we go through an advertisement or banner displaying the offers or discounts on Travel Insurance Policy, we don't give any heed to it. Travel Insurance is always an unwanted and least important expense for us.

Recently, as traveling became easy with the help of Travel agencies, online websites, traveling groups, travelers have also started considering Travel Insurance as a necessity before heading towards the next destination. No one wants to regret on such a memorable journey where it becomes difficult to manage the situation and we are also away from our near and dear ones.

Travel Insurance is an Insurance policy which covers the risks while you are on the travel mode either within India or even when you are on an International trip. We travel to reduce our stress, get out of depression, take a break from work, spend some quality time with our family members or loved ones and create memories which shall stay with us for the whole lifetime. Travel Insurance assures that you create great experiences without having to compromise on them due to unwanted scenarios.

The biggest question that strikes anyone is when to buy Travel Insurance. The fact is that travel insurance can be purchased even on the day when you are leaving for your most-awaited trip. But it is favorable to take the policy during the initial trip deposit itself.

The Travel Insurance includes the following coverages:

  • Compensation for Flight Issues
  • Medical Emergency & Hospitalization
  • Travel & Accommodation
  • Legal Liability & Expenses
  • Loss of passport
  • Loss of Belongings

There are some additional coverage according to types of travel insurance.

  • The exclusions that are not covered in a Travel Insurance Policy are as follows:
  • Flights/trains missed due to local protests/civil war
  • Expenses incurred due to local protests/civil unrest
  • Pre-existing conditions leading to hospitalization
  • Baggage delay that is less than 24 hours
  • Damage/loss of keys

The documents that you shall need to have on the day of Traveling are as follows:

  • Passport
  • Visa
  • Travel Insurance
  • Foreign Currency
  • Air ticket
  • Accommodation receipt

The premium for a Travel Insurance cover is not very much which is determined on the basis of the following factors:

  • Age
  • Destination
  • No of days
  • Plan coverage

Best of Luck on your purchase of Travel Insurance Policy!