Making Travel Plans? Don't Forget To Pack Travel Insurance

The winter holidays are knocking at our door. There are many who have planned a vacation either domestic or international. But have you have opted for travel insurance? There are many who are aware of this concept but have not availed themselves of this facility so far. The average price-conscious Indian may have doubts as to whether this expense is really warranted. So, let’s take a look how travel insurance can help you to enjoy a hassle-free holiday.

First, what is travel insurance? Put simply, it is an insurance policy that takes care of all mishaps during the travel period. A travel insurance policy provides you with the benefit of health insurance or mediclaim policy as it takes care of all such expenses that are incurred which travelling. It also provides coverage for your precious time, as financial losses arising out of flight departure delays are covered, along with the coverage for loss of baggage. Most importantly, travel cover also gives you protection in the event of natural disasters.

Now comes the second question. Do we really need to get travel insurance while travelling? Well, let me ask you a simple question. If you meet with any mishaps while travelling, then how far will your medical or other insurance policies be of help to you? Will they bear the losses? Be sure, the answer is ‘NO’. Travel insurance is a special insurance scheme that offers to take care of all these happenings. Therefore, it is always advisable to have a travel insurance policy, which will allow you to travel with peace of mind.

The third question is regarding the best travel insurance company or plan that is available in the insurance market currently. Along with the plethora of choices today, we also have the blessing of the internet. Indeed, there are many websites that will help you to get the best insurance plan, even those providing a comparative view of products. But it is always advisable that you read the salient features of the insurance policy before signing, tedious though it may seem.

There are many types of travel insurance products in the market, and you have to choose the best option that matches your travel needs. Some of the types of insurance plans are Student Travel Insurance, Overseas Travel Insurance, Domestic Travel Insurance, Single and Multi-trip Travel Insurance and Medical Travel Insurance. Some of the companies that offers travel insurance plans in India are ICICI Lombard, Tata AIG, Cholamandalam, HDFC ERGO Travel Insurance, Bajaj Allianz, Iffco-Tokio and United India Insurance Company.

When we buying insurance for our life, home, car and many others, why hesitate to cover your travel too? It is always better to be risk averse in this case, as losing your peace of mind can ruin your holiday!