Why is travel insurance important?

Are you all set to go on your vacation? Have you ticked everything on your travel checklist? What about your travel insurance? In case you have missed applying for travel insurance, you must do something about it quickly. A travel insurance plan is extremely important for your travel plan.

With travel insurance, you can be at peace and have the time of your life when you are vacationing. Whether you are holidaying or attending a business conference, you should take travel insurance to ensure that you have a safe and secure trip.

Primary advantages of taking travel insurance

Let us view some of the key benefits of visiting places with travel insurance:

• Modification in flight plans by the airline company: Assume your company modifies your flight plans due to some valid issue. Your flight can get cancelled or postponed. You may have paid a huge amount to buy these tickets. Not to worry, your losses will be covered with your travel insurance.

• Security for your travelling partners: Assume you are going abroad with your family or friends. If something unfortunate happens to them, your travel insurance will cover the expenses that may be incurred for your travel partner’s treatment expenses.

• Cancellation of flight tickets: What if you have to cancel your flight tickets and hotel room reservations due to some emergency situation at work? You can cancel them and your travel insurance will cover the costs.

• Expenses for emergency hospitalisation: When you are travelling in a foreign country, if you face a major illness or if you need to be hospitalised immediately, you may incur very high expenses abroad. However, with travel insurance, you need not worry about these extraordinary hospitalisation costs.

• Loss of source of income: While travelling, if you get injured or disabled, you may be forced to stop working due to poor health conditions. In such cases, you may lose your source of income. With travel insurance, you can get this loss covered.

• Delay in flights: Due to technical difficulties or weather conditions, your flight may get delayed. If this delay results in any loss, you can get your loss covered with the insurance plan.

• Loss of cash or credit cards: Did you lose your credit card while vacationing? That is really sad! When your credit card or cash gets lost or stolen, your losses will be covered by your travel insurance plan. The costs paid for replacing your credit card will also be borne by the insurance plan.

• Alternative modes of transport: If your flight or train gets delayed or cancelled due to some unavoidable reasons, you may be required to use alternative modes of transport. The costs that you need to pay for the transport will be taken care of by your travel insurance.

• Urgent return travel plans: If you are required to return urgently to your home country due to some family emergency or any other issue, you may have to book flight tickets instantly. These tickets may cost you a heavy price. The prices will be borne by your travel insurance plan.

• Lodging expenditures: In case you are forced to stay back in the country that you are visiting due to some inevitable reasons such as serious illness, injury, or any other reason, your new lodging expenses will be covered by your travel insurance plan.

You can take a travel insurance from any of the prominent travel insurance companies in India. A few of the travel insurance organisations are Religare Travel Insurance, Tata AIG travel insurance, HDFC Ergo travel insurance, Apollo Munich travel insurance, Bajaj Allianz travel insurance, and lots more.

You will need to bear in mind that the terms and features of each travel insurance plan will be different. These terms will be determined by the company’s rules and regulations.