According to
data presented by the government, the total number of domestic tourist visits to
different states of India in 2018 was more than 1,600 million, putting the
annual growth of the same at 2.3%. From this data, it is evident that most
Indians have a propensity to travel, which is steadily increasing over the
years. Foreign travels, like domestic ones, have also witnessed a hike with an
annual growth rate of 9.5% in 2018.
Now, even though
travelling is a joyful experience, it can also give rise to several unforeseen
situations, which can put a damper on your plans, especially while travelling
abroad. Nonetheless, undertaking precautionary measures like purchasing a
travel insurance policy can easily enable you to protect yourself from the
financial liabilities arising from such situations.
Following is an
elaboration of why you should buy travel insurance and how it can help to
financially safeguard yourself from complications during a trip.
Reasons to purchase travel insurance online –
Both domestic
and international travel can make you vulnerable to certain situations which
can lead you to incur huge expenses.
Following are a
list of such instances during which an international or domestic travel
insurance policy can help you to cover the consequential financial liabilities
–
1. Medical
emergencies –
Healthcare expenses in
certain foreign countries are quite exorbitant as compared to that in India.
Especially for the situations which require hospitalisation, you can be left
with a hefty bill which will become difficult to repay without comprehensive
insurance. Thus, it is advisable to buy travel insurance, especially while
travelling internationally to be financially prepared against such medical
emergencies.
2. Loss of
luggage –
Losing luggage during
trips are quite common occurrences, especially during air travel. There can be
instances where your luggage can be misplaced, leading to quite a lot of
hassles on your part. Hence, buy
travel insurance policy that can provide
you financial compensation to replace your lost or misplaced luggage.
3. Trip
cancellation or rescheduling –
During travels, even the best-made plans can be foiled due to
obstacles like poor weather conditions, flight cancellations, etc. For
instance, a planned Leh Ladakh road trip can be cancelled due to sudden
snowfall. A last-minute cancellation or rescheduling, like for the stated
instance, can lead you to incur substantial expenses, which do not get refunded
in most cases.
A domestic
holiday cover, in such a case, would have provided
you with monetary compensation to cover the losses arising due to cancelling or
postponing your Leh-Ladakh trip.
4. Personal
trip liabilities –
While travelling, there
can be instances which can lead to injury or property damage for a third party
caused by you. Insurance policies like a Personal Trip Liability Cover from financial institutions like Bajaj Finserv can help
you to avail compensation for obligations arising in due course of an incident
involving any third party.
5. Loss of
important documents –
Loss of documents
during travel is a frequent affair that can hamper your trip. It can also cost
you a lot to replace the lost documents, particularly something like your
passport. If you buy travel insurance, it can help to cover the expenses
incurred for the re-issuance of your original passport, if it is lost or
stolen.
By availing the
best travel insurance in India, you can ensure that you are financially
protected against any of these incidents. There are several financial
institutions that offer various types of travel insurance plans that can allow
you to avail one according to your requirements.
However, before
applying to avail any of these plans, it is crucial for you to check the
requisite eligibility criteria and required documents to ensure that the
process is completed without any hassle.
