Travel exposes you to a variety of risks and buying Travel Insurance can relieve you of the anxieties that can spoil the fun of travel or distract you from your focus. A typical insurance Policy would primarily cover you for the most common risks associated with a travel which include lost or delayed baggage, medical emergencies, trip cancellation or interruption, lost passport, Repatriation of remains, personal liability, and Accident and provide you with cash in case of emergencies.
The needs of travelers vary and no single policy can entirely cover the unique risks that each traveler is exposed to. A 70 year old man is exposed to a different set of risks than a 30 year old man. A person traveling for adventure is exposed to an altogether different set of risks, when compared to a business traveler. A student traveling for education related purposes would need a different sort of Risk coverage. Hence, it is essential that when you opt for a, make sure you get adequate cover for the risks that you are most exposed to either because of your age, purpose of travel, duration of stay or your travel destination.
Buying an insurance policy as per your need is a prudent decision, because you save on what you do not need and you spend on what you really need. Like if you are a young guy and medically fit, it is appropriate for you to buy a policy that gives you the minimal protection against medical emergencies, while you can look forward to have additional Coverage against a risk that you feel is specific to your travel purpose. A travel intended for adventure would require you to be specifically covered for the associated risks, as your normal policy is in most likelihood not going to cover those.
If you are a frequent traveler and need to make trips every two months, it makes sense for you to have a single policy that provides multi-trip coverage. This will not only save you from the procedural hassles of buying it every time you travel, but will also cost you much less.
If you would be traveling abroad as a student, your medical coverage needs are likely to be more comprehensive than that of a normal business traveler or a tourist, hence you would need an insurance policy that give you the right protection. Such travel policies not only cover the general risks of travel, but also the unique risks that you would be exposed to as a student.
The travel insurance space in India has significantly evolved and companies offer tailor made or what you call custom designed policies. These policies ensure that you pay for only what you need.
Compare travel insurance online
Once you have made up your mind on what is your insurance need, log on to a trusted insurance comparison website to compare different travel insurance
policies. Choose the best insurance plan that offers you coverage as per your need and is also competitively priced.