Insurance Policy from Travel Companies is Advisable?
Tourism is currently the largest industry in India, and it contributes a solid 6.23% towards its GDP and generates over 8.78% employment in the country.
This very fact can be considered responsible for the steep increase in the number of travel companies in India and has further pushed the demand for travel insurance policies.
But when it comes to issues like safety and security, should one entrust them on such travel companies?
The question whether to avail travel insurance policy from a travel company or not depends entirely on the said individual.
Irrespective of their choice of travel insurance provider, individuals should opt for a policy that offers extensive coverage and offers any one or more of these –
- Medical benefits:
Benefits extending to medical emergencies that may occur during your trip. It would cover the cost of accident, ambulance facility, hospitalisation, etc.
- Luggage benefits:
Benefits that compensate for loss or damage of luggage in the case of theft or rupture.
- Flight-related compensations:
In the case of flight delay or cancellation, the travel insurance plan would offer compensations to the policyholders. Such coverage may also provide them with the cost of accommodation.
- Passport-related benefits:
In the case of losing a passport due to theft or loss, the cost of reissuing a new passport would be covered by the travel insurance policy.
- Exclusive benefits:
Individuals may also opt for travel insurance policy from travel companiesa policy that offers exclusive coverage. Such coverage may offer benefits like emergency aid, assistance in the absence of tour guide or repatriation.
- Terrorism and Personal liability:
Individuals traveling to risk-prone areas may look for benefits that offer financial coverage to treat the repercussions of personal liability or an act of terrorism.
Additionally, individuals may look for such benefits in a travel insurance policy extends coverage against cancelled hotel booking and offers financial aid in case of a monetary emergency.
