Travel insurance is important while traveling to provide safety cover against the risk of medical expenses and other travel-related emergencies such as loss of passport or luggage bag
Why travel insurance is essential for overseas travel?
Following are several reasons why travel insurance is important while traveling internationally:
- Unpredictable medical expenses
Travel insurance provides coverage against any medical emergency that may occur during foreign traveling including cashless basis benefits. It will also help in the life-threatening situation including pre-existing ailments and cover completion of treatment domestically post-return.
- Services
Travel insurance provides a supporting team that offers services of the hospital and local authorities like medical evacuation, admission to the nearest hospital, guidance on loss on travel documents, air ambulance, etc., irrespective of the language barriers.
- Personal liability
Damage inflicted on a third party, person, or property involves expenses that are borne by the insured. The insurance company covers the expenses for third-party damages called ‘Personal Liability’.
- Travel emergencies on missing flight
Non-medical emergencies may occur like loss of passport, driving license, laptop, baggage, delays owing to bad weather, etc. which may lead to missing either flight connection or unutilized hotel reservation. Travel insurance plans offer financial support to cover various such exigencies including compensation for the visa fee.
- Compulsory provision
It necessary for visitors to have travel insurance while traveling in some countries, that are checked on arrival at the immigration counter. Otherwise, there are chances of rejected visa applications due to the absence of travel insurance documentation.
