There are two kinds of Indian tourists: those who see international travel insurance as a wise investment and those aware of its advantages. The other group feels they can travel without experiencing a medical emergency or financial ruin. They consider travel insurance to be an extra expense.
Here are seven reasons why opting for travel insurance is a wise decision.
1. Pay For Any Trip Cancellations Or Delays
Anytime you make a reservation in advance for an activity, such as a cruise, hotel stay, or flight, you risk incurring costs if your trip is cancelled or postponed. Purchasing travel insurance is a wise choice if the total is more significant than what you are ready to give up. *
2. Risk Insurance For Expensive Travel
Luxurious trips with intricate itineraries, like a world tour or a gateway to Europe, have a higher potential risk than weekend trips. Travel insurance covers unexpected risks, such as the travel service provider filing for bankruptcy.
3. All-Inclusive Coverage For Health Issues
When you leave the country, your health insurance usually expires, but if you have travel insurance, you can get cashless hospitalisation wherever you go. This insurance plan also covers pre-existing conditions. Claims are subject to terms and conditions set forth under the travel insurance policy. *
4. Emergency Support
Travel insurance is a crucial defence against natural disasters, terrorist attacks, strikes, etc. It can aid you in arranging alternative transportation and reimbursing non-refundable expenses in the face of unforeseen events.
5. Safety Of Baggage
Do you frequently bring pricey, durable items on your travels, such as a camera, laptop, or phone? Travel insurance financially protects your equipment from theft and other losses. Insurance companies also provide coverage against valuables like jewellery and passports. *
6. Insurance Against Liability
Travel insurance covers any third-party liability resulting from accidental property or person damages. Additionally, this tool offers protection against any accidents you may have while travelling.
7. Required In Some Countries
Foreign visitors are required to have international travel insurance when visiting Schengen countries. This regulation has benefited travellers, as medical care abroad can be costly. For instance, in the USA, travel insurance is not required. However, the healthcare facilities are expensive in the country. It is therefore highly advised to travel to the United States with travel insurance that covers medical expenses, as encountering a medical issue here could seriously impair one’s financial situation. Before embarking on their international study journey, students should consider obtaining student travel insurance to ensure comprehensive coverage for any unexpected events during their time abroad. Claims are subject to terms and conditions set forth under the travel insurance policy.
In travel decisions, the debate between investing in travel insurance and viewing it as an expense comes down to understanding the true cost. While some may see it as an additional financial burden, wise travellers will recognise it as an investment in peace of mind. Investing in it is a strategic and worthwhile choice to ensure a secure and stress-free travel experience.
* Standard T&C Apply
Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
