Travelling is meant to be fun and an opportunity to spend time with your family and friends creating memories for a lifetime. It is rightly said that ’the world is a book and those who do not travel read only a page’. However, no matter how much you love travelling, it has its own risks and possibilities of unforeseen circumstances. The best way to make your travel itinerary full proof is to add travel insurance to it, thereby ensuring a safe and hassle-free travel
Why You Need Travel Insurance?
For most travellers, travel insurance is short-term insurance that acts as a cushion against travel-related emergencies and expenses. In actual, travel insurance is a trip cancellation insurance, flight delay insurance, travel medical insurance, and evacuation plans grouped under one label. Untoward incidents can happen anywhere and can leave you distressed in a foreign land. Travel insurance will ensure that you enjoy your journey with peace of mind while being a lifesaver at crucial times.
Key Features Of A Comprehensive Travel Insurance Policy
- Reimbursement of expenses in case of trip termination.
- A whole range of personal cover is available in travel insurance, including travel delays, dental and legal expenses, repatriation of mortal remains, accidental death, etc.
- Travel insurance plans can be easily customized as per the traveller’s need and the destination.
How To Choose The Best Travel Insurance Plan
While choosing travel insurance, you must consider several factors like the insurer’s claim settlement ratio, sum insured, duration of stay, coverage, network hospitals in the destination country, the purpose of travel and affordability. With some research and comparison, you would be able to identify the policy that would meet your travel needs. Before making the purchase, read the policy documents carefully to understand the list of inclusions and exclusions to avoid conflict at the time of claim settlement.
Types Of Travel Insurances
- Single Trip: As the name suggests, this particular travel insurance type is best suited for vacationers and for travellers who plan to embark on a single overseas trip. However, a single trip insurance policy carries a limit of days for which the policy will be valid.
- Multi-Trip: Ideal for business travellers and for those who frequently visit foreign destinations, multi-trip insurance offers coverage for up to 60 days and all the benefits that come with travel insurance.
- Group: Valid for groups of more than 20 travellers, the group travel insurance can be availed by a group of people going to the same destination and for the same duration. This insurance type covers medical emergencies, loss of baggage, loss of documents, trip delays and much more.
- Students: This travel insurance offers a range of medical and financial covers for a student heading abroad for higher education. It is can also be purchased by students who are already pursuing their education in foreign a land and the policy application during the entire duration of the course a student has opted for.
- Corporate: Corporate travel insurance is laid down specifically for business travellers, wherein the corporate employers can purchase this policy to cover their employees who take business trips abroad. Available in both single and multi-trip format, this insurance typically covers a variety of medical and travel issues that an employee might face.
Why You Must Opt For Cheap Travel Insurance?
Cost plays an important role in selecting travel insurance plans. However, it should not prevent you from buying them and risking your trip. While comparing policies, always browse through cheap travel insurance coverage, rates and plans, offered by any big insurance company before you make your final decision. Today, it is believed that cheap travel insurance is often better than less or no travel insurance.
A cheap travel insurance plan, offered by a leading insurance company is a clever step to manage your finances. While comparing policies, you need to ensure that your baggage is insured, you and your family will arrive conveniently, and in case of a crisis, you don’t have to worry about whether the travel company will cover you or not.
Does Cheap Travel Insurance Make Sense?
A cheap travel insurance plan is a judicious decision that saves you the extra cost and meets your travel needs. You must buy cheap travel insurance instead of going for extra insurance coverage if you feel that all your travel needs are met and you can travel worry-free. However, cases of erroneous travel cover have been frequently heard of. The insured believes that he is safely insured with a travel insurance coverage only to find out later from his travel insurance company, that he was not. So choose wisely and enjoy a better travel experience!