Holidays are meant to be fun and entertaining! However, one cannot rule out risks such as accidents, illness, missed flights or lost baggage. What can you as a traveler claim for travel insurance? Read on and find out.
Whether traveling for business, pleasure or studies, the severity of these risks and their financial implications can be devastating. Travel insurance is the right answer to help us wade through any such situation in an alien country. Travel Insurance provides protection to the travelers against the wide range of unforeseen risks and perils, all under one single policy. ICICI Lombard, Tata AIG, Bajaj Allianz, IFFCO Tokio - there are a number of companies that offer travel insurance.
Why Travel Insurance a must?
You will always need health insurance when you travel. You cannot take the risk of traveling without proper coverage and dealing with
What is covered?
Some common benefits offered by Indian insurers include:
1. Accidental Death: Covers the insured in case of loss of life in an accident.
2. Permanent Disablement: Pays a benefit if the insured is permanently disabled in an accident.
3. Emergency Medical Expenses: Reimburses the insured for the expenses incurred for an accident or illness while overseas only.
4. Emergency Medical Expenses (accident only): Reimburses the insured for expenses incurred for an accident while traveling in India only.
5. Emergency Travel Benefits: Includes emergency medical transport, medical/body repatriation, location and transfer of medication and/or medical by-products, emergency travel expenses for a family member and an insured person's child, or a replacement colleague.
6. Baggage Delay: Provides an amount for emergency purchase.
7. Baggage Loss: Pays for replacement of lost baggage, personal documents or personal effects.
8. Loss Of Passport: Covers reasonable and necessary expenses to obtain a duplicate passport or valid travel document.
9. Flight Delay: Pays a benefit for each hour if the insured's flight is delayed.
10. Hijacking: Pays a benefit for every six hours if the insured is held on a hijacked common carrier.
11. Trip Cancellation: Pays travel and/or accommodation expenses if the insured's trip is cancelled.
12. Trip Interruption: Pays travel and/or accommodation expenses if the insured's trip is interrupted.
13. Frequent Flyer Interruption: Emergency Travel: Pays for the costs of a first class train fare or economy class air fare to return home upon interruption of travel arrangements made with a recognized frequent flyer programme.
14. Contingency Travel Benefit: Pays for reimbursement of coffin expenses, legal assistance following an automobile accident, emergency hotel accommodation and/or emergency hotel extension on occurrence of a contingency covered in policy.
15. Assistance Provider Services: Helps with emergency medical transport or repatriation, related services, as well as advice on pre-departure information such as visa requirements.
Some companies also provide benefits like Emergency Cash Advance (would include delivery charges and also something like Golfer's Hole-in-one).
