What Is Travel Insurance?
What is travel insurance? A Travel Insurance is an insurance product which is intended to cover the costs and reduce the risk associated with unexpected medical expenses, trip cancellation, loss of passport, flight accident and other losses incurred while travelling, either internationally or within one’s own country. There are three basic types of travel insurance policies, Single Trip Plans, Multi Trip Plans and Student Plans. When you have the right travel insurance policy in place to cover you on your trip, you can ensure that your dream vacation turns out to be all you had planned and more. We have created a platform where you can compare travel insurance policies available in India and choose the one that best suits you.
Why do you need Travel Insurance?
So why do you need Travel Insurance? Well, medical treatment can be very expensive in foreign countries. Doctors in some countries may even refuse to treat in the absence of an insurance cover. Some countries have made it mandatory to have a travel insurance policy to enter their country. An insurance policy will reimburse you amount of almost anything that can go wrong during your trip, depending on the plan. Travel insurance in India is regulated by Insurance Regulatory and Development Authority (IRDA).