No trip is safe, domestic or international. You might get sick on the second day of your holiday or have an accident. It will ruin your trip and cause medical bills. Travel insurance can help you minimise financial damages from these events.
What is Travel Insurance?
Travel insurance protects travellers from unexpected financial losses. It covers unexpected medical, travel, and other expenses. It can save you from loss if you get sick while on holiday, studying, or working.
Travel insurance typically covers medical expenditures, trip delays, personal accidents, trip cancellation or curtailment, passport loss, personal liability, baggage loss, aeroplane hijack, missed connecting flight, accidental passing away, and more.
Domestic and international travel insurance is available. Senior travel insurance is available to seniors. Also, check out overseas travel medical insurance options.
Should You Get Trip Insurance?
Only Schengen nations require travel health insurance. Travel insurance is optional if you’re going abroad. Some travellers only leave with a travel health policy, even though most think it unnecessary. These advantages and drawbacks will help you decide.
Travel Health Insurance Advantages
1. Relaxation
Buy travel insurance for peace of mind. Vacations can be ruined by worry about what could go wrong. You’ll need to be more cautious to enjoy your trip. It can let you relax and enjoy your trip. It guarantees financial security throughout your journey.
2. Medical Insurance
Vacations don’t prevent accidents. Since healthcare outside India is expensive, you may spend less if you get sick or wounded abroad. Overseas travel medical insurance coverage includes medical bills from sickness or accidents during your journey. Medical bills will be covered without financial loss. Before buying any, you can check the travel insurance price for more insights and options.
3. Pays Repatriation
Doctors can recommend returning to India for better and ongoing treatment. Since you still have a few days remaining on your trip, you will have to buy another ticket to India, which may be expensive. Travel insurance will manage your return to India, saving you money. In case of unforeseeable demises, your insurer will return your body to your family in India.
4. Covers Pre-Trip Challenges
Travel health insurance protects you before and throughout your journey. It typically covers trip cancellation and delay. Your insurer will cover airfare and hotel cancellation losses if an unforeseen event cancels or delays your vacation.
Travel Health Insurance Drawbacks
1. Excludes Pre-Existing Conditions
All travel insurance plans cover unexpected medical expenses but not pre-existing diseases. You’ll have to pay for medical care if you fall sick abroad. It can only cover sudden illnesses, not pre-existing ones.
2. Rejection
Travel insurance claims can be denied. You may have chosen the most excellent travel insurance for your trip, but the insurer rejects your claim for a trivial reason. If you lose money, the premium is pointless. Thus, read your travel health policy carefully.
3. Unused Policy
Travel insurance covers unexpected expenses, and it can require a premium.
Your money will not be refunded if you return safely. Travel insurance may seem like a waste of money, but a stress-free trip is worth it. Thus, travel insurance does not guarantee a refund, and you may not collect the payment if your vacation goes smoothly.
Recap
Travel insurance protects your finances. However, you can decide whether to acquire travel health insurance by considering the above pros and cons. You can check out the travel insurance price before purchasing.
“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.”
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply
