Travelling comes with its own set of risks that cannot be foreseen but can be prepared for. Opting for travel insurance is a strong safety measure that you can take when travelling abroad.
But why is travel insurance important? Simply put, the importance of this policy lies in the fact that it acts as a protective layer to cover you financially from travel-related risks during your overseas travel.
Let us explore some travel insurance benefits in detail.
Top 5 Reasons to Buy Insurance Online
Here are five reasons why travel insurance is important and why you must buy a travel policy for coverage of financial risks associated with travelling abroad.
Financial Support In Case of Medical Emergencies
The biggest advantage of travel insurance is providing financial coverage for medical costs that may arise when travelling overseas. Here are some key scenarios where travel insurance can help –
- If you faced a medical emergency overseas, following which you were required to be hospitalised. A travel insurance policy will cover you for the medical costs incurred, including charges related to medication.
- If you’re hospitalised for an extended period because of severe sickness, our travel policy offers coverage for the compassionate visit of a family member during your hospitalisation abroad.
- Your travel insurance plan provides you with medical evacuation in a situation of an accident and inadequate medical treatment. Coverage for accidental death in common carriers, personal accidents and repatriation of the body of the insured is also covered.
Coverage Against Trip Delays/Cancellations
Trip Cancellations/Interruptions
In case you cannot make it for your trip due to illness, your travel insurance will cover your trip cost under travel trip protection. Also, if your trip is interrupted due to bad weather, you will be reimbursed.
Trip Delays/Missed Connections
To provide enhanced flight travel protection, a travel policy offers reimbursement for additional expenses that you incur due to flight delays or missed flights due to bad weather or delay/cancellation of scheduled flights.
If you calculate the cost that you have to pay towards medical emergencies in a different country, personal liability or even loss of baggage/passport without having a travel policy, you will understand why owning a travel plan can be cost-effective.
Moreover, since you are directly purchasing a travel policy online without visiting insurance companies or interacting with insurance agents, a lot of the operational costs are deducted from the policy cost.
Passport and Baggage Loss
Losing a passport is a stressful situation, and owning a travel plan can bring you out of it by helping you get a duplicate or fresh passport and covering the issuance costs.
Loss of personal belongings is covered and a travel policy will offer coverage in to form of emergency cash. Also, if your checked-in baggage is lost or delayed, you will be provided reimbursement accordingly.
Coverage Against Personal Liability
Among the top travel insurance benefits is the coverage you receive against personal liability when overseas. The cost of compensating a third party for damage to their property or causing them physical injury can be exorbitant. But with this policy for coverage, this compensation will not result in you having to break the bank
What Does a Travel Insurance Policy Not Cover?
- Coverage for any claim related to events occurring before the coverage starts or is outside the policy period.
- Coverage for pre-existing ailments and the complications that arise out of such diseases.
- Coverage to the insured individual if medical treatment is the sole reason or one of the primary reasons for travelling abroad.
- Coverage to the insured individual if he/she is travelling against the physicians advice, or is taking part in an air force, naval or military operation.
- No coverage will be provided to the individual if he/she has caused an accident on purpose due to addiction to drugs or under the influence of alcohol.
- No coverage will be provided to the claimant if the claim arises out of mental disorder, depression, stress, Venereal disease, HIV or AIDS.
- Coverage will not be provided to the insured if he/she suffers from illness/injury or property loss/damage due to consequences of war, terrorist activity or ionising radiation or contamination by radioactivity.
- Coverage will not be provided to the insured if he/she gets injured during a sporting activity, subject to terms and conditions in the policy.
Also Read:
Types of Travel Insurance
Steps for Getting Travel Insurance Online
Step 1
Go to
www.reliancegeneral.co.in and look for the international travel insurance page.
Step 2
Provide required details at the top of the page, including mobile number, travel type, travel destination and email ID.
Step 3
Select the plan you prefer and click on Buy Now.
Step 4
Find out what the premium you have to pay, provide your personal details and then select your preferred payment mode.
Now, your travel insurance policy is ready to cover you financially for your upcoming trip.
Conclusion
Overall the one major advantage of travel insurance is its ability to offer financial coverage during times of need. To ensure you get the coverage you need, make sure that you are clear about your trip requirements and the type of trip you plan to take, as these factors play a crucial role in determining what policy best suits your needs.
With Reilance General insurance’s
International Travel Insurance policy, you can get hijack distress assistance, daily allowance in case of hospitalisation, and most importantly, financial assistance in case you get mugged or lose your travel money.
We aim to make your overseas experience peaceful and fruitful through our travel policy.
Frequently Asked Questions
Should I purchase travel insurance every time I travel somewhere?
Ideally, yes. Immigration officials highly recommend getting travel insurance if you happen to be travelling overseas. Some countries even mandate getting travel insurance coverage as part of their visa processes.
Why is travel insurance so important?
Getting travel insurance helps you get coverage from travel-related risks, like stolen or lost luggage, cover for trip cancellation in case of bad weather or high-priority personal reasons) and above all unanticipated medical expenses overseas.
Is travel insurance compulsory while travelling?
While travel insurance is not always required, travelling to certain countries requires compulsory travel insurance. Schengen countries, Turkey, Cuba, Seychelles, the U.A.E., the U.S.A., Fiji and Jordan are among the countries that mandate travel insurance for travellers.
Can I purchase travel insurance after departure?
Many insurers offer travel policies after departure. However, it is crucial to remember that purchasing travel health insurance after departure will not provide coverage for anything that occurred before purchasing the policy.
