What is travel insurance?
Travel insurance provides precisely the exact purpose as any other insurance that is guard against any financial risk. Travel Insurance defends you and your belongings while you are on the go.
Why do I need travel insurance?
Uncertainty leads to Risk which may be of different type. Risk is maximized when a person is not well aware of a place and surroundings. Hence when a person is travelling to an unknown destination, he needs to be sure that he has something which may protect him from financial uncertainties. One may come across various kinds of risk while travelling such as medical need, the risk of losing your belongings etc. This is where travel insurance comes into play.
1.While traveling to a different country or an unknown destination people may be faced by different climatic conditions and uncertainty. This may lead to medical instability. People who are aging or prone to diseases such as obesity, high blood pressure, heart problems may ensure travel insurance in order to avoid financial inconvenience during any medical emergencies.
2.Travel insurance is a great help in cases of cancelation of flight or change in travel due to unknown reasons,
3.Financial losses can be covered with the help of travel insurance. There may be cases wherein you may have to undergo heavy expenses in case of cancellation of flights due to weather conditions or reasons like the bankruptcy of air flights etc.. These expenses may be taken care of by travel insured.
4.Loss of baggage or damaged baggage in case of long distance travel or in connecting flights is very common. This can result in heavy losses. Hence travel insurance is a must if you are travelling long distances. In such cases travel insurance takes care of any damage or loss borne.
Following are some of the known travel insurance companies in India
•Bajajallianz Travel Insurance
•Tata AIG Travel Insurance
•ICICI Travel Insurance
•HDFC ERGO Travel Policy
•Reliance Travel Insurance
•Royalsundaram Travel Insurance
•Chola MS Travel Insurance company
•Bajaj and Tata AIG
Online travel insurance
There are various ways of getting travel insurance. However not many are aware about online travel insurance. Online travel insurance has several advantages over getting travel insurance from an agent. One can have a look at a various kind of insurance and do a detailed research and accordingly finalize the insurance which suits him best. It is as simple as clicking a few buttons then you get the desired insurance right from the comfort of your own house.
The advantages of getting travel insurance online
Fast and speedy-in case of online travel insurance, it saves a lot of time as one can get the desired insurance right at his own doorsteps without wasting time in contacting various agents.
Risk free-Since you have access to all the information therefore one can research well before finalizing the travel insurance which suits him best.
Cheap and well researched-there is no need to contact an agent, if you have any problem or doubt you are free to call the toll free number and ask for assistance from the insurance provider customer care service.
What are some of the different types of travel insurance?
•Single trip-this kind of insurance only covers one single trip .This trip may be two or free or can be only one way.
•Annual/Multiple trip-this kind of insurance is beneficial for people who frequently are on travel. This insurance involves many trips
•Cruise-Cruise trips involve ship travel or a luxury cruise trip .The insurance company has a tie up with the cruise liner.
•Sportsman vacation-There are people who go on a vacation for the purpose of sport activities such as kayaking, surfing, scuba diving. This involves high risk and hence special kind of travel insurance is provided.
•Skiing vacation- travel insurance for people who go to colder countries for skiing vacations.
•Student/young person-generally lots of students travel abroad for higher studies. These students who travel internationally take travel insurance
•Senior-travel insurance is the maximum required for senior citizens due to their age factors and medical reasons.
•Couples/family-This insurance provides a combined insurance for a family.
•Business/frequent traveler-this kind of insurance is for people who fly to different locations for business work.