Travel
for long enough and one day you wake up to realize, I am not travelling but I
am living! India is
the country of rich culture and heritage which is often visited by tourists and
domestic people. Also the world is filled with lovely, breath taking and heart
touching places which you’re yet to discover.
With rising needs and improved lifestyle, people are now travelling
frequently for business, pleasure or work purpose etc. Recently a research has
claimed that Indian travelers want to explore foreign shores of Australia,
Switzerland, New Zealand and France in 2015, being the top dream destinations
in the next 24 months. The survey concludes that Indians have their sights set
on foreign shores with the average number of international trips set to
increase by 45%.
Of these, 52%
indicate that they plan to do so because they feel vacations are something they
and their family deserve and 46% say it is because they are going somewhere on
their 'wish list'. Indians are estimated to spend an average of Rs 255,100 on
travel in 2015, up 17% year over year.
At the time of
travelling the most important factor is the security of your life. While going
for holiday you won’t go without your tickets or your passport, but many of us
happily set off without travel insurance. You do not want anything to ruin your
hard earned holiday or your crucial business meeting. But there is a
possibility of some unexpected occurrence no matter how perfect the planning
is. Ask yourself, what happens if you fall ill when you are overseas and need
medical treatment? Or if the airline goes bust and you can't reach your
destination? At times, if you don't have the right insurance cover in place,
your dream holiday could turn into a nightmare - with bills running into tens
of thousands of rupees. Apart from this unfortunate events such as baggage
loss, passport loss or an accident might also take place.
After going through
the pool of problems you must have realized how purchasing an adequate travel
insurance policy for both yourselves and in the case of dependents, those we
are travelling with can be the most important purchase we make. Be it for work
or for pleasure, travelling can at times get risky and it is always wise to be
prepared for unforeseen events. Having Travel
Insurance protects you from all such threatening problems.
It ensures that in the unknown place you are not left stranded in any kind of
an emergency.
Technically, Travel
insurance is a cover for the risks you might face in your trip, overseas or
domestic. Typically, it covers death, personal accident, medical expenses,
repatriation, loss/ delay of checked baggage, passport loss and third party
liability.
Travel insurance premiums can vary a great deal
and, whilst it's important that you are getting good value for money, it is
equally important that you are choosing the right level of cover that suits
your needs. Extras can always be added for advantages on but a basic policy
should include the following levels of cover.
• Traveling to a location, particularly
abroad, where you have a higher chance of getting seriously ill
• Planning adventurous or dangerous
activities, like white water rafting, scaling a mountain, or hunting wildlife
• Traveling
with expensive luggage or important business documents
• Visiting a dangerous political climate,
like a country that’s at war, unstable, or vulnerable to attacks, or a place
with high kidnapping risks
The cost of travel
insurance depends on a number of factors such as age, the
duration of your trip, the country or place you plan to visit along with the
benefits included in the plan. The premium is generally charged on a slab basis
which are pre-defined and you need to select the one you fall into.
Though there are
numerous travel plans available at the click of the mouse, an individual has to
take due care in selecting the correct plan based on the coverage provided
rather than considering the premium factor alone.
