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  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...

Travel insurance policies are so important that certain countries have made it mandatory. Apart from providing a comprehensive cover against medical costs, a travel policy has several advantages. It is advised to always buy the policy well in advance. Here are some reasons why. 1. Coverage against trip cancellations Regardless of meticulous planning, unforeseen situations like medical emergencies can lead to cancellation of the trip. A travel insurance policy will pay for such cancellations which save you from losing all the money spent on booking tickets in advance. 2. Coverage again stillness which occurs after buying the policy  If you buy the policy and thereafter face an illness which becomes chronic and needs hospitalization, then such illnesses will get covered by the policy. 3. Modify coverage as needed  After buying the policy, if you feel that a particular add-on will be suitable for enhancing the coverage, then you can do so by paying an addit...