Travel Insurance Benefits: Know what is travel insurance, know how you will get its benefits while travelling.
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Travel Insurance Benefits: Travel insurance is a special type of insurance that provides financial protection to travelers against unexpected events that may occur during their travels. It covers a variety of risks such as trip cancellation, medical emergencies, lost or stolen luggage, flight delays or cancellations, and other unexpected events that may occur during travel. All these are compensated by the insurance company as per its terms and conditions.
What is travel insurance?
We know that travel insurance will cover risks while traveling, but what does travel insurance actually mean? It is certain that having travel insurance provides a sense of security, however, there is more to it. Travel insurance is coverage for risks occurring during travel. Many agencies can provide travel insurance in India, so it is essential that you choose a reliable agency to insure your trip.
Why secure your journey?
There are many things that cannot be predicted while travelling, whether it is domestic or international. Traveling with strangers, possibilities of accidents in trains, flights or even buses, or climatic adversities and other such things can make one worried about the consequences.
Well, these are just a few reasons to explain why one should secure their trip with the best travel insurance. Furthermore, when your travels are safe, you can travel without worrying about the consequences of anything unimaginable that might happen while you are away from home.
Why travel insurance?
There are too many travel insurance benefits to list. Plans to insure a trip will vary depending on a few factors. For example, travel insurance plans for domestic trips will differ significantly from international trips. Even travel insurance policies will vary depending on the type and destination of the trip. However, there are some things that are common to each type. There is a set of events and circumstances that travel insurance covers.
Possible situations when you need travel insurance
Accidents or illnesses: Insurance covers all types of accidents that occur during travel. If you have any kind of medical emergency during the trip, the hospital expenses are also covered under the insurance.
Kidnapping and emergency evacuation: If you suffer any kind of damage, such as a stroke, during kidnapping, or any such life-threatening incident, travel insurance covers the cost. However, certain conditions will be taken into consideration as per the travel insurance policy.
Canceled and delayed flights: If your flight is canceled or delayed, flight cancellation insurance will cover the cost of another flight to be booked. Insurance will not cover the expenses if you arrive late for the flight. There are other conditions that will be covered by insurance. These often vary depending on the travel insurance policy of the firm from which you are obtaining insurance. Moreover, it is really convenient when you get insurance online.
Key Features of Travel Insurance Policies
Key features of travel insurance policies may vary depending on the provider. There are some features that are included in most of the policies and these can be understood as follows:
Emergency hospitalization and medical treatment: As discussed earlier, there is almost always a possibility of an incident that could affect your health. Therefore, it is better and safer to secure the trip with a travel insurance cover.
Compensation for flight related activities: There will be a possibility of something going wrong during the flight. Any inconvenience caused due to flight related problems is also covered in the policy. For example, if you miss a connecting flight due to delay in the previous flight, this type of hassle is covered by insurance.
Cashless Hospitalization Facilities: When you are receiving medical treatment from an authorized hospital that can provide cashless hospitalization services, the cost of such treatment will be covered by your insurance.
Customized Policies for Senior Citizens: The needs of senior citizens will be different from those of the general public. Therefore, insurance companies usually provide senior citizens with customized policies to suit their individual needs. Available for frequent travelers: Well, buying insurance separately for every trip can be quite a hassle. Some policies can be modified to suit the needs of frequent travelers. These come with annual validity with multi-trip benefit.
online travel insurance
The government’s Digital India scheme is spreading and making a positive impact. This is one reason why the process of buying travel insurance online has become easier. It can also be purchased from a visa agency at the time of obtaining the visa. To know which company you are choosing, it is important to take some precautions.
For example, check reviews of the service provider. Try to contact them to get complete information about the policy.
Types of travel insurance in India
There are different types of travel insurance in India that any traveler can avail. These can be classified based on the type of journey for which they are being issued. Some common and important types of insurance are as follows:
based on geographic range
domestic travel insurance
This type of insurance is provided for domestic trips. It can also be called national and is less expensive than international insurance. Validity generally depends on the duration of the journey and the destination. Travel within the country is covered under this policy and all types of means of transport are covered under it. Domestic travel insurance covers buses, trains, flights and public transport within the country. Policy details will vary from case to case.
international travel insurance
An international variant is issued for international tours. This also includes transit flights. It is better to cover the entire journey with transit. Sometimes some policies will cover a group of countries such as Schengen. Coverage may vary from case to case but generally it is recommended that the entire trip is protected with international travel insurance.
schengen travel insurance
There are 26 countries in the Schengen area. Travel insurance for Schengen visa is a policy provided to travelers visiting the Schengen area. It covers emergency expenses related to travel to Schengen, stay in Schengen and return to India. The policy can also be customized as per the requirement of the traveler, for example, travel insurance for children will have different features and for adults and senior citizen travelers. The policy should be adapted after fully understanding the issue.
Depending on the type of passengers
student travel insurance
Student travel insurance is provided to students who are traveling internationally for education, be it short-term or long-term courses. It can also be awarded to apprentices and trainees as per certain criteria. This insurance policy covers the unexpected crisis that the student may have to go through. Sometimes, the insurance covers the entire duration of the course that the student is doing or for the trips that the student will be taking within the validity of the insurance. It will all depend on the case and requirement of the holder.
family travel insurance
When family members are traveling together, say for holidays, this type of insurance is provided to the family collectively. This kind of group or group travel insurance is really helpful and cheap. Generally, it is more useful for international trips than national. The cost will vary depending on certain factors such as the number of members in the family such as adults, children and senior citizens in the group. Destination country, and other such factors. It may also vary depending on the coverage, i.e. whether it is for a one-way journey or the entire round trip.
medical travel insurance
This is the type that covers the health care of the holder. Medical emergencies or other health needs like daycare or dental expenses, medical evacuation during travel are also covered under this policy. Well, there’s more to it. With medical travel insurance, you can get cashless medical treatment from the listed hospitals. This policy also provides health coverage that is not covered by your normal health insurance. This policy is suitable for all ages and all types of travelers. This can be for domestic trips as well as international trips.
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