Some months ago, the company I used to work with, held a conference in Hyderabad. It was a major event for the company and we being part of the media division, went to cover this gala event. All our equipment including the big Macintosh units were boxed and flown to Hyderabad, where the event was happening.
When it reached Hyderabad, it was found that some of the Macintosh units were missing because of the mistake of the airline’s baggage department. However, the mistake was soon realized and the same was informed to the airline in no time. The airline took note of it and delivered the computer units after a day’s delay. Now, for our department, it was a moment of respite as we got our stuff a day before the starting off of the event, but our company, on the other hand, slapped fine on the airline for the delay caused, which in the end, was settled by the travel insurance company.
Now, had we not bought it (the Insurance) in the first place, we could not have claimed for anything even though we had lost our units. Hence whenever you fly, it is always wise to have your travel insurance. But these days, there are various types of travel insurance available in the market. In that case, how would you choose which policies are right for your trip? In this blog, we will take a look at the five types of common travel insurance that can make your worries go away.
Trip cancellation and interruption: A trip cancellation or interruption may be a result of various factors that include sickness, natural disasters, a sudden death in your family, or instability in your destination country. Therefore, it is safe to have a travel insurance, which secures you from the risk of losing 100% of the money you have invested on your travel.
Medical: The domestic health insurance covers you from all sorts of a medical emergency, however, many of these policies don't cover international travel or only cover a portion of international medical expenses. If you have a medical condition, always check if your insurance company is providing you the adequate coverage. If not, then you’ll need to buy a travel medical insurance plan.
Medical evacuation: If you are traveling to a remote area without adequate medical facilities, it's advised that you have a medical evacuation insurance handy. A policy like this can be useful for situations like transporting an injured or person with illness, to a hospital, where he can be treated or provided services that he will need for his particular condition.
Lost checked luggage: Carrying valuables while traveling can often be a risk. If you're someone who carries valuable items in your luggage, then it would be in your best of interests that you insure your baggage. Some travel medical policies offer these services already. Some credit cards also offer baggage insurance as an add-on offer/service.
Flight cancellation: If your trip is time-sensitive, and your flight gets canceled or goes out of business, or the airline goes on strike, then it is best you have flight cancellation insurance, which can cover the expenses that arise when a flight is unexpectedly canceled.
Conclusion: A good travel insurance policy not only ensures that you enjoy your trip, it also sees that you stay worry-free while enjoying your trip. And this is where TATA AIG Travel Insurance comes into the picture. A trusted name in the international travel insurance segment, we help our clients identify the best travel insurance policies that suit their needs in budget price. The benefits include:
a) Medical cover: This includes in-patient care and day care treatment up to the sum assured.
b) Optional benefits – medical cover: This includes pre-existing disease cover in life-threatening medical conditions, additional sum insured in case of an accident, maternity and other optional benefits. The cover amount can be chosen up to a specified limit.
c) Other optional benefits: The policy provides a range of 38 other optional benefits. Some of these include loss of passport, loss of checked-in baggage, personal accident, trip cancellation and interruption, identity document theft, hotel cancellation etc. The cover amount can be chosen up to a specified limit.
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