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Rediff.com  » Getahead » Why you must buy travel insurance

Why you must buy travel insurance

By Naval Goel
February 09, 2016 08:35 IST
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Here are some good reasons...

If you are planning to travel abroad, then the most important thing that you need to do is cover yourself and your family under a reliable travel insurance plan.

Travel insurance is a comprehensive plan that provides coverage on maximum medical and financial emergencies that can take place during your trip when you are least prepared for them.

 It can be anything from loss of passport, luggage, illness or accident that requires hospitalisation to natural calamity, theft and much more.

With the help a travel insurance, you can easily deal with all such unwanted situations.

It also offers coverage to you and your family, when you miss a flight due to any genuine reason. Your extended stay will be covered by travel insurance.

The above situations describe the importance of having a travel insurance plan and how it can be your saviour when you need it the most.

When you are in a foreign country, it will be there for you at every step.

Benefits of travel insurance

  • Healthcare and evacuation: The insurer will take care of your expenses  if you fall sick or meet with an accident during the trip. Starting from medicines, medical tests, treatment costs and other related expenses will be covered by the insurer. In a situation where you need to be evacuated to a place with superior medical facilities, your insurance will take care of that too.
  • Personal accident: If you meet with an accident or an unfortunate mishap that results in death or permanent disability, the insurer will provide some compensation for it as well.
  • Baggage loss: Nowadays, airlines misplacing consumers' baggage is a very common occurrence. With the help of a travel insurance policy you will be able to get the coverage for lost baggage and the policy will pay for the replacement as well.
  • Repatriation of remains: In an unwanted situation in which the insurer dies, an appropriate insurance policy will be there to bear the cost for repatriation of the remains.

After getting information about travel insurance and its importance, the next question that arises is where and how to buy the desired insurance policy.

Well, it is same as purchasing health or life insurance. You can take the help of an online insurance web aggregator that provides free quotes for travel insurance from top insurance companies.

With the help of comparison, you can easily get the best and comprehensive insurance policy for you and your family as well.

Purchasing travel insurance online is a fast emerging trend. There are many insurance companies that offer effective travel insurance plan such as ICICI Lombard, HDFC ERGO, Bajaj Alliaz and many more.

Why to buy travel insurance online?

Purchasing travel insurance online is one of the best and quickest options. There are several benefits of purchasing travel insurance online such as:

  • Instant booking: When you don't have much time to go out and buy, then the best option for you is to purchase it online that will save a lot of time and money as well.
  • Premium comparison: Compare premiums of different policies instantly and pick the best one that suits your requirement.
  • Easy registration: Purchasing travel insurance online is an easy and quick process. You can do it easily without taking any help from others. By comparing online you can easily get the desired plan within your budget
  • Simple payment methods: If you are an online shopper then you must be aware of several modes of payment that are available online. You can make the payment by using your credit card, debit card and net banking payment options. Internet buying offers a plethora of payment options that are customer friendly. You can also get EMI options online

With easy access to travel insurance online, you can now plan and secure your trips with a suitable plan as per your needs and budget.

Illustration: Dominic Xavier/Rediff.com

Naval Goel is CEO and Founder, PolicyX

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Naval Goel