Four Reasons Why You Need Travel Insurance in India

Tourism in India contributes to 9.2% of its total GDP, proving the popularity of travelling among the masses. However, travelling comes with an associated set of risks and problems if proper precaution is not taken beforehand. This might put a dent in the holiday mood, as people have to remain on-guard during such tours. You can buy travel insurance to reduce this burden since assistance is provided in case of most unforeseen situations.

Various unfortunate incidents can occur during times of travel when travel insurance can come in handy.

1. Injury/accident

Physical wounds can occur at any time during travel. The chances of suffering any bodily damage are higher when you go on a trekking holiday, or places with immense snow, increasing your chances of slipping.

In the event of such an incident, travel insurance covers all hospitalisation expenses, and emergency evacuation costs (if required).

2. Loss of baggage

Losing valuable belongings on vacation can be a significant cause of panic, especially if accommodation documents were stored in the bag. If you buy travel insurance, you gain coverage for all expensive products inside your luggage, as well as assistance for generating duplicate documents such as passports.

3. Cancellation of flights

In case of delayed or cancelled flights, you are entitled to refund/compensation for the same. Additionally, you can also get financial assistance for accommodation requirements.

4. Third-party coverage

In case of bodily harm to any third party during a trip for any fault of yours, the cost of the same is borne by the concerned financial institution.

Availing travel insurance reduces the mental strain on people during any trips, allowing them to enjoy their vacation stress-free. The comprehensive benefits of travel insurance can be availed by all kinds of individuals, from students to senior citizens, tailor-made to fulfil multifarious needs.

Read Also: Why Do You Need Travel Insurance While Travelling In India?

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of ...

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before yo...

Stay Protected on the Road- Understanding the Importance of acko car insurance

Having a car insurance policy is essential for every car owner. It not only provides financial protection in case of any damage or loss but also ensures a safer driving experience. Acko is one of the leading car insurance providers in India, offering a wide range of insurance plans to suit the needs of all car owners. In this article, we will be discussing the importance of Acko car insurance in India and how it helps to stay protected on the road. We will also look at the various benefits and features of Acko car insurance policies that make them an ideal choice for car owners. Understanding the Importance of Acko new car insurance in India As the number of vehicles on Indian roads increases, so does the number of accidents and other related incidents. Traffic jams, road rage, and bad driving habits are some of the major causes of accidents. It is important for drivers to stay safe on the road, and to do so, they must have a car insurance policy. Acko new car insurance is one...

All Insurance News and Plans

Search This Blog