Travel Insurance Concepts You Should Know
Whether you are travelling for business or for pleasure, staying safe should be of the utmost priority. Hence, planning ahead for emergencies like accidents, sudden illnesses, or a lost passport makes sense. Travel insurance offers protection to the policyholders during their travels. The coverage can vary according to the nature of the plans and the insurance company. The most common coverage areas are usually flight cancellations, lost luggage, and unforeseen medical expenses.
The Most Common Travel Insurance Concepts
Here are some common concepts related to travel insurance to help you buy the ideal plans as per your needs.
There are various plans and coverage options available for travellers
There are different types of plans available with insurance companies to cater to unique travel needs of people. You can buy individual, family, or student travel insurance. You can even purchase a multi-trip plan if you are a frequent flyer.
The coverage includes travel delays, flight or hotel booking cancellations, medical expenses (hospitalisation, ambulance, treatment for injuries and accidents), lost baggage, lost passport, and any legal expenses incurred during the travels.
Options for different coverage amounts are available with most insurers.
When choosing a travel insurance plan, it is also important to check if your destination is covered by the policy. Know that not all insurers offer coverage for losses incurred due to natural calamities.
The costs depend on several factors
The cost of buying travel insurance will depend on factors such as your age, the cost of the trip, the duration of the trip, and of course the coverage you desire.
You can even choose to buy travel insurance for specific days, and pay accordingly. Such plans can help to buy travel insurance as needed to keep the costs low.
Usually no medical tests are required for buying travel insurance
Most insurers do not ask you to go through medical tests in order to buy travel insurance from them. Some insurance companies make it mandatory only for people above the age of 70 or so.
The Significance of Travel Insurance
You may feel that buying travel insurance is unnecessary until you encounter a medical emergency or incur large expenses due to booking cancellations during one of your trips. But, you need to re-think this.
Your basic insurance cover or health policy doesn’t cover emergencies during travels. So, in order to travel with complete peace of mind, buying travel insurance is the ideal thing to do. With travel insurance in tow, you don’t need to worry about lost baggage, health emergencies, and any other financial loss incurred during the trip.
Buying the Right HDFC ERGO Travel Plans
When buying travel insurance from HDFC ERGO, you can choose from individual plans, family floaters, and student plans. You can also buy insurance for specific days only during the trip and even choose your coverage and sum insured.
HDFC ERGO travel plans cover the following –
Costs of emergency medical treatments including dental
Daily cash allowance in case of hospitalisation
Compensation for permanent disability
Loss of baggage and documents
Hijack distress allowance
Emergency financial assistance
You can purchase HDFC ERGO travel plans online very easily now. Just keep your distinct needs in mind and pick up a plan accordingly.
The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.