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EXPLAINING THE COLOURFUL WORLD OF TRAVEL INSURANCE IN INDIA

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EXPLAINING THE COLOURFUL WORLD OF TRAVEL INSURANCE IN INDIA

MoneyMindz.com India's First Free Online / On-call Financial Advisory

MoneyMindz.com India’s First Free Online / On-call Financial Advisory

The insurance created to deal with medical expenses, lost baggage, accident during flight, injuries and other related losses are known as the travel insurance.

Need For Travel Insurance In India:

Travel Insurance is creating lot of ripples in the exciting world of insurance markets. People love to have excitement, adventure; travelling and this encouraged the insurance companies to stamp their authority in this field. Most of the travel insurance companies cover rented equipment, damage to property, rental cars and others in India.

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Kinds of Travel Insurance In India:

There are various kinds of travel insurance available in India and given below as follows:

1.     Single Trip Travel Insurance:  A kind of insurance, covering single trip is known as single trip travel insurance. It is ideal for executives, working professionals, IT professionals, families, middleclass, marketing personnel, executives and others in India. It is applicable only once in a year.

2.     Multiple Trip Travel Insurance:  As the name suggest, the multiple trip travel insurance means, takes care of more than one travels in a year. This is because of higher studies, medical reasons, vacation, business trips, jobs, conference, seminars, relocations and others. Interestingly, the multiple trip travel insurance is a best bet, if you love to travel more than two times in a year. Terms and conditions do come into the picture; however most of the travel insurance companies in India are having no limit on the number of times one can travel.

3.     Long Stay Travel Insurance:  A type of travel insurance, designed to handle the extended trips. Usually the long stay travel insurance covers a month and more. It is ideal for students, businessmen, CEO, software professionals, research personnel, scientists, engineers, doctors, willing to complete their respective task in the foreign nation.

4.     World Wide Travel Insurance:   A brand of travel insurance, used for people willing to travel to various nations is known as the worldwide travel insurance.  Good for the business people and pleasure seekers, willing to travel around the globe. There are certain colourful features attached to the worldwide travel insurance.

  Some of them are given below as follows;

ØLoss of Passport

ØOverseas Medical Issues

ØCancelled trips

Ø Accidental Death

ØLoss of luggage/personal belongings

ØInterrupted trips

ØDisability Issues

ØCar rentals

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Benefits Of Travel Insurance In India:

ØHelps in protecting your travel against any delay.

ØUnforeseen medical emergencies.

ØSuperior customer service available 24/7.

ØLiability coverage offered in case of unfortunate events.

ØHelps to protect your less valuable and most valuable assets.

ØDelayed baggage on an outbound journey.

ØCovers accidents.

ØHelps in covering abandoned trip, late departure and medical conditions.

 

So, good travel insurance play a major role in protecting tourists going from/coming from India. 

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