A maiden international trip is a special one. Not only you get a chance to meet new people but also learn about their culture and way of living. Among the several things that warrant attention, travel insurance should occupy the pole position as it financially secures your trip. Read on to know why you need this insurance on foreign soil.

Coverage for flight delays

Flight delays can be a result of several internal and external factors. And most of them are beyond control. Delay in flights can result in additional expenses which can put your travel budget under strain.

However, the situation is much different with travel insurance. It compensates you for these costs, thereby ensuring your travel budget is on track. In some cases, where you might need to book another flight in case of cancellation, your travel insurance plan helps you not only book your flight but also pay for the tickets.

Coverage for lost baggage

Often during international trips, cases of lost baggage crop up. Also, there might be a delay in the arrival of baggage. In such a scenario, you might need to make an alternative arrangement, which may result in out-of-pocket expenses.

A travel insurance plan offers coverage for lost baggage. Simply put, the expenses you incur as a result of luggage lost are reimbursed by your insurer. This ensures your savings don’t take a dip.

Medical expenses coverage

Medical expenses abroad are higher than in India. In a country like the US or the UK, costs are pretty high and should you incur a medical contingency that requires hospitalisation, the same may cause your finances to stretch.

However, a travel insurance plan not only compensates for these expenses but also helps you in making the required arrangements to reach out to the nearest hospital or clinic.

Emergency cash advance

When you are on foreign territory, there can be situations where you might need emergency cash. In such a situation, your travel insurance comes to your rescue by providing cash. Known as cash advance, you can avail a certain amount from your insurer.

Note that this amount can be given on a per person basis or a fixed amount. Go through the policy’s terms and conditions to see how much emergency cash advance you can avail.

Legal assistance in case of loss of crucial documents such as passport

Passport is the most crucial document when you are abroad. Losing your passport can result in a lot of inconvenience. Often hotel bookings are done with passport. Getting a new passport, especially on foreign soil involves a lot of legal and financial nitty-gritty.

A travel insurance plan offers legal and financial assistance in such a scenario. Insurers have tie-ups with agencies to help policyholders in such situations.
Prior buying a travel insurance, read the fine print and understand the policy’s terms and conditions. Buy a policy that best suits your needs and enjoy your first foreign trip to the fullest.

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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