Everything You Need To Know About Credit Card Travel Insurance Claim

A credit card offers a variety of benefits, from reward points to lounge accesses. Amidst all the benefits, travel insurance is one of the most underrated features of a credit card. Most of the credit card owners focus on the sign-up bonuses and other benefits; however, credit card travel insurance can potentially help them save thousands of rupees.Before we get into the ways to file a credit card travel insurance, let us first understand what travel insurance is and why do you need it.

As the name suggests, travel insurance is a type of insurance for incidents when something goes wrong on a business trip or vacation. This could range from trip cancellation to loss of baggage. Just like how any insurance covers you from unforeseen risks, travel insurance protects you from any type of worst-case scenarios.

1. Insurance For Any Kind Of Trip Cancellations Imagine you have planned a trip to another country and have made all the bookings, from hotel and flights to taxis. However, due to some emergency, you have to cancel the trip and all the bookings made are non-refundable. A credit card travel insurance can come in handy as it helps in saving thousands of rupees in such a scenario.
2. Covers Delay Of Trips What if you are on your trip and the flights get cancelled due to terrible weather conditions and you have to wait out? In such cases, having a credit card travel insurance can cover the added expenses and prevent your vacation from getting ruined.
3. Provides Insurance To Lost Baggage Protection Lost baggage protection is another advantage of having travel insurance. This covers any unexpected loss of baggage by the airlines or hotel during the trip. A credit card travel insurance covers protection to a certain extent per trip to replace the lost items.
4. Insurance For Medical Evacuation Certain travel insurances also provide covers for medical/evacuation insurance which generally covers emergency medical expenses you incur during emergencies.
5. Rental car insurance Most of the credit cards also provide rental car insurance in case there are damages to the vehicle you are driving.

1. The first step to claim any type of insurance, including travel is to file a First Information Report (FIR). However, this can differ on a company-to-company basis.
2. Next, you must contact the respective insurance provider and intimate the claim with supporting documents.
3. Certain companies also offer online claim process.
4. Alternatively, one can visit the official website to understand the claim process.

A credit card travel insurance is important, just like any other insurance, and protects you from worst-case scenarios.

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.