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According to the calculations of the World Travel and Tourism Council, it has been established that tourism contributes around 9.2% of India’s GDP. Other than that, the number of individuals travelling by air in India is also increasing. Most individuals face unforeseen circumstances while travelling. An individual can avail domestic travel insurance in India beforehand to financially cover such incidents. Availing such insurance does not safeguard you from facing any unforeseen circumstances. Still, it can help you financially to resolve any issues that you may face during the tour. Listed below are a few beneficial factors that these insurance policies possess –  Medical Cover – An individual can face medical emergencies at any time during their vacation. By applying for a travel insurance policy, an individual can avail up to a certain sum for medical expenses. Luggage Protection – A domestic travel insurance policy offers reimbursement if an individua...

  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 vac...

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 ...

Traveling abroad or within the country is mostly a matter of fun, and that’s why people always look for maximum benefits they can get from the traveling plans. Starting from booking the tickets during discount seasons to plan a money-saving journey route, everything is a step towards ensuring that you are saving the costs of the travel. However, amid all the enjoyment, you usually forget to buy domestic travel insurance plans. These travel insurance plans ensure to provide financial coverage for any mishaps that happened during your tour like accidents, unannounced flight delays or cancellation, loss of baggage, and so on. Now you would think what the reason is to buy travel insurance plan while traveling within India and this is quite expected. But, at the same time, going within India can also prove to be risky since the entire plan always remains unpredictable. You can lose your bag anywhere, and that may be a small airport or a metropolitan one. Flights can get canceled...