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Why travel insurance for family is important?

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Published on May 27, 2021. EST READ Time: 3 minutes

Travel slowly started to pick up and from last year’s learning we know anything unexpected can happen. Hence, buying comprehensive travel insurance is very important. We go for a vacation to break- free from the routine stress and get some fresh air. An ideal vacation is the one which is tension-free, well planned and filled with enjoyment. But imagine a scenario where your child losses the passport or in transit your baggage is lost? This is possible but don’t let this scenario ruin your trip as you have a travel insurance by your side. Especially when you are travelling with family a family travel insurance is vital as it safeguards most of your risks.

Advantages of a family travel insurance

• Thanks to the family travel insurance plan, you won’t need to go through the trouble of buying separate travel insurance policies for each member of the family.

• Since the sum insured covers all family members, you will need to pay only a single premium amount. The premium amount will also be lower in comparison to standard travel insurance plans.

• You have the freedom to customise the insurance plan as per your family’s requirements. You can select the travel insurance plan for a single trip, multi-trip or a year-round travel plan.

• Family travel insurance policy turns out to be more affordable and optimal in comparison with buying separate insurance policies.

• In the family travel insurance plan, you get additional coverage for personal accident, medical evacuation, repatriation, and similar unexpected circumstances.

• A lot of insurance companies now provide facilities like cashless claims, online renewal, minimal documentation, international assistance and economical premium rates for family travel insurance.

Inclusions under family travel insurance:

• Trip modifications

  Flight delays, or cancellations at the last minute can be a stressful, leading in additional outflows of cash for accommodations or rescheduling of travel plans. Extensive stays as a result of medical emergencies can also be a monetary sinkhole. A travel insurance policy can help keep financial stress at bay in such scenarios by reimbursing you for expenses and providing easy, cashless assistance for lodging.

   

• Baggage loss/delay

  Baggage delays, just as you are getting into the holiday spirit, can be annoyingly deflating. In such circumstances, your travel insurance policy will reimburse you for the essentials you buy until your luggage arrives. In case of baggage loss, you will be compensated, allowing you to spend your vacation shopping more enthusiastically.

   

• Loss of passport/cash

  When travelling to a foreign land, your passport is likely the most important document on your person. In case you lose your passport, the insurance provider will compensate you for the cost of procuring a new or temporary identification document. Even if you are a victim of robbery or dacoity, you will be compensated.

   

• Emergency medical/dental expenses

  Medical emergencies rarely come with a warning sign. And when they do happen - it’s sudden, putting a strain on your finances. Cashless treatment and the petty expenses you incur daily as a result of your medical emergency, all will be taken care of seamlessly by your insurance provider. Sometimes, circumstances beyond your control make it difficult to reach a medical facility, in which case evacuations will be borne by your insurer.

   

• Permanent disability/death

  In the unfortunate event of an accident resulting in permanent disability or death, lump sum compensation is provided to your kin to help them in the immediate aftermath. The insurer will even the cost of transferring the mortal remains to your family.

   

• Pandemic

Especially during a global pandemic, an international travel insurance policy. assumes even more significance because there is always the risk of you or your family becoming infected. In such cases, your insurance policy will cover the necessary medical procedures to ensure your and your family’s safety. 

Conclusion:

The pandemic is far from over hence there are uncertainties, rules and regulations which keep on changing regularly, hence you need a family travel insurance to protect all your finances and ensure a safe trip.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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