Travel Insurance is to take care of unforeseen events, which might happen during travel. Travelling today has become an important aspect of busy lifestyle of people. Be it a family travel during vacation or during extended weekends to act as stress buster or to explore geographies not seen before or an adventurous travel program, travelling has become an essential component of today’s lifestyle. With travel comes travel hazards and one needs to protect oneself from those hazards and taking travel insurance cover can best do that.
Travel Insurance is available both for Domestic Travel as well as International Travel. Few of the countries have made it mandatory requirement before granting visa for people touring to have travel insurance cover of minimum amount prescribed.
It may well be noted here that health insurance in general do not cover for treatment outside the country. There are very limited options, which covers treatment availed outside the country and they come with cost associated to it.
Travel Insurance typically provides for:
Personal Accident Cover
Hospitalization Expenses Cover
Hospital Daily Cash Allowance
Compassionate visit by a relative / family member
Loss of Baggage / Checked Baggage
Trip Curtailment / Cancellation
Flight Delay
Personal Liability
Adventure cover etc.