Travel insurance is a type of insurance policy that covers you financially for any medical or nonmedical liabilities that may occur when you are travelling. Travelling to a new destination is both thrilling and scary. There are plenty of things that could go wrong - delayed flights, lost baggage, medical emergencies, and even trip cancellations. 

With a travel insurance policy, you can rest easy, knowing that you’re financially covered for any unexpected situation while you’re adventuring overseas/domestically. It offers a wide range of benefits like:

  • Hospitalisation and other medical expenses - A medical emergency may require you to extend your trip or even get hospitalised overseas. With travel insurance, the insurance company reimburses the medical expenses you incurred while on vacation. Some travel insurers even offer cashless hospitalisation in foreign countries, covered by the plan.

  • Coverage for loss of passport, credit card and other documentation - Losing your passport, credit card or other key documentation in a foreign country can be devastating. The insurer pays for the issue of new documents as well as other associated charges. 

  • Loss of baggage - The insurance provider compensates you if your luggage is lost/delayed during travel. 

  • Flight delay compensation - Flights can get delayed due to many reasons like natural calamities, weather etc that are beyond our control. The insurance company compensates for the money lost on booking new tickets, cancelling current tickets, etc.

  • Trip cancellation coverage - Any unforeseen but unavoidable reasons for cancelling trips can be taken up with the insurance company. Depending upon your travel insurance policy and the reason for cancellation, the insurer reimburses the cost of tickets in full or partially. 

  • Accidental death  - In case of accidental death of the insured while on an overseas trip, the insurer pays for the cost of repatriating the mortal remains of the policyholder to his home country, while also covering the costs of funeral arrangements, etc. 

  • Customised benefits - Travel insurance policies are highly customisable. You can choose the right plan based on your trip duration, destination and other travel needs. Besides, specialised travel policies are available to meet the requirements of senior citizens, frequent travellers, corporate travellers and students. 

  • Besides the benefits mentioned above, travel policies also offer other perks like round the clock assistance, a dedicated helpline for stranded travellers, and much more. Simply put, it acts as a safety net, offering you immediate help if any mishap occurs during your travels.