People travelling in India often question the need to avail travel insurance. Afterall, being in one’s country gives a sense of comfort because of which they tend to give it a miss. However, irrespective of whether you are travelling in India or abroad, travel insurance is a necessity. Read on to know why it’s essential to avail this type of insurance even while you are embarking on a trip in India.

Coverage for delayed or missed flights

There can be numerous reasons for a flight getting delayed. At the same time, you can miss a flight due to circumstances beyond control. Note that both these events can result in financial losses which can misbalance your travel budget.

A travel insurance plan compensates you amidst both these events, thus ensuring your budget is kept intact. Also, often for delayed flights, you may need to put up in a hotel for a short notice. A travel insurance plan also compensates for these expenses.

Medical emergency coverage

Whether you are in India or abroad, a medical contingency can crop up at any moment. Medical expenses can stretch your finances and the costs are pretty high in metro cities compared to tier II or tier III cities. Also, expenses are higher in a private clinic.

A travel insurance plan compensates for the hospitalization and medical costs incurred during treatment while you are on a trip. In other words, it reimburses the money spent on treatment, thus preventing out-of-pocket expenses.

Coverage for lost baggage

It’s common for people travelling even in India to lose their baggage. Not only the situation is uncomfortable but can also result in additional expenses. This is where a travel insurance plan comes to aid. It compensates for the losses suffered due to lost baggage. Also, today most insurers go a step beyond to help locate the missed baggage. They offer all the necessary help needed to find out the luggage.

Emergency cash advance

There can be instances when you can lose your wallet containing debit and credit cards. In such a scenario, you are left stranded for cash. The situation can be different with a travel insurance policy.

This is because most travel insurance plans today offer a specialised service known as an emergency cash advance, where you are provided with a certain amount of cash as per the policy’s terms and conditions. The cash advance can be provided up to the policy or per-person limit.

To sum up

Travel insurance is your most trusted ally while dealing with nasty surprises coming your way during your trip. Compare offerings from different insurers and choose the one that best suits your needs. Make sure to read well the policy’s terms and conditions to know how and when you can make a claim.

Click here to know more about travel insurance.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



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