No matter how meticulously you plan your trip, especially the overseas ones, there are certain unavoidable occurrences that are definitely not in your control. For instance, trip cancellations and delays, baggage and passport loss, and medical exigencies including accidents are certain occurrences on which you have absolutely no control. It is during these unforeseen contingencies when your travel insurance plan comes to your rescue.
The importance of investing in travel insurance cannot be overstated, particularly when you are travelling abroad as the cost of medical treatments is nearly 3 to 10 times higher in foreign lands as compared to India. Further, the possibility of trip cancellations/delay and baggage loss/delay is also greater in the case of international flights.
There are many travel insurance products available in the market today which means you can choose from the plethora of available options based on your specific requirements. However, make sure that you consider the following things before buying a travel insurance plan: -
Before investing in travel insurance, it is important to be clear about your purpose of travel, whether you are on a business tour, casual tour, or planning to study abroad since there are different insurance plans for different purposes. In addition to this, some insurance providers also offer multi-trip insurance plans wherein the insured can undertake multiple trips and get coverage for emergency medical and non-medical expenses. This is beneficial for frequent fliers as this helps in substantial saving of cost in comparison to taking multiple policies – one for each separate trip.
The next important thing to consider before investing in travel insurance is the medical coverage offered by the insurer. Irrespective of your purpose of travel, ensure that your travel insurance plan offers the following benefits since these are the most essential ones: -
The non-medical benefits offered by travel insurance are equally important as the medical benefits. Listed here are some of the most common non-medical benefits. Make sure to consider these before zeroing in on a particular policy -
In addition to the above, one needs to take into account the destination that they are travelling to since certain insurance companies offer destination-specific plans. Lastly, remember not to get lured by lucrative offers or low premiums; rather, focus upon getting the right coverage.
Care Health Insurance is a specialized health insurance service provider that offers an extensive range of customised and affordable international travel insurance plans, perfectly suitable for diverse requirements. CHI offers medical services across 22900+ cashless healthcare providers worldwide, Care Health Insurance is indeed your reliable friend in times of need.
Disclaimer: Please read the brochure and prospectus to know more about our comprehensive travel insurance plans cover as conditions may vary.
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