A Travel Insurance policy protects you towards the risks of having a financial loss risen due to unforeseen events like accidents, medical emergency, etc. while you are travelling abroad or are on a domestic tour.
The most common risks that are covered by overseas travel insurance are:
- Overseas Medical expenses
- Accidental death or injury
- Overseas funeral expenses
- Loss, theft or damage to personal possessions and money (including travel documents)
- Delayed baggage (and emergency replacement of essential items) or Loss of baggage
- Loss of passport
- Missed connecting flight due to delay
- Trip Cancellation expenses due to unforeseen weather conditions, etc.
- Overseas Dental Treatment.
- Hijack Distress Allowance
- Home Burglary Insurance
- Insurance companies usually cover pregnancy related expenses in case of "life threatening situations"
Travel Insurance policy takes care of all the above mentioned problems.
There are broadly two types of travel insurance policies – single trip and multiple trip. If you are not a frequent traveler, you can buy a single trip travel Insurance. if you travel quite often, you can go for a multiple trip travel insurance policy. This policy covers you for all the trips you commence during the period of one year.
Different individuals can opt for different travel insurance plans as per their need, like overseas student travel, business travel, leisure travel, adventure travel, cruise travel, and international travel.
Nowadays, commute has become so easy that even old people don’t mind stepping out of their house to travel long distances. So much so that you would find many senior citizens traveling alone even out of their own country. Keeping in mind the needs and risks associated with senior citizens, many insurance companies offer travel insurance policies especially designed for senior citizens. Many insurance providers also offer some additional benefits under their senior citizen travel insurance plan like hijack distress allowance, pre-existing medical conditions in case of life threatening situation, etc.
Some senior citizen’s overseas travel insurance plans can also provide helpful services, often 24 hours a day, 7 days a week. These services can include emergency travel assistance, booking of tickets, hotel assistance, etc. Even when we are stepping out of our houses on a daily basis, we are exposed to many kinds of risks. On a same note, the level of risk increases when we travel to a different country. Therefore, when you are planning for an overseas trip, do plan for an appropriate travel insurance policy. When on a foreign land, a travel insurance policy is like a friend as it comes very handy in case of any unforeseen happening during a trip!
Article by Bhavya Shah
