An insurance policy that covers many different risks for those traveling in India and abroad is termed as travel insurance. While we all love to travel and explore new places, regions, and wonders of the world, few of us are aware of the dangers and threats that we may get exposed to during a vacation, family, or professional travel. Travel insurance takes care of all these unforeseen situations and protects you financially in the face of the adversities.
What Does A Travel Insurance Cover
Travel insurance covers a wide range of risks and adverse scenarios. It covers you financially for the loss of valuables including passport and baggage among others. It also offers financial coverage and protection for a personal accident that may occur to you during travel. Leading non-banking financial institutions in India like Bajaj Finserv tie-up with hospitals as well, so that you can avail cashless hospitalization in a number of cities through your travel insurance. The insurance requires no extra cost towards pre-existing diseases and also covers the cancellations and flight delays.
Types of Travel Insurance
The travel insurance category has been highly customized and personalized nowadays. The plans are being tailor-made for the international, domestic, group, single-trip, and multi-trip travelers. There are special travel insurance plans available for students, senior citizens, families, and professionals as well.
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Whether you want to spend the vacation on a beach or wish to undertake an exciting trek in the Himalayas, the highly affordable travel insurance plans in India easily offer coverage of up to 3 lacs and even more. Not only does the insurance covers your pilgrimage and road trips, but will also protect the home from theft when you are away on a vacation or professional tour.
