5 reasons why you should buy travel insurance

Travel insurance is one of the most important forms of insurance in India that offers several covers when you travel, especially abroad. Since international trips are usually more expensive than domestic ones, opting for a travel insurance policy is almost non-negotiable for an international trip, even if the same is not mandatory like in a Schengen visa.

Top 5 reasons to opt for adequate travel insurance coverage

Here are the beneficial features of travel insurance that will help you to understand how a policy can be of help to you when you plan a trip, especially an international one.

1. Medical coverage

You get the all-important medical insurance coverage under standard travel insurance coverage. This is one of the best and most crucial reasons why you should buy travel insurance before you leave for a foreign trip.

Rationale: Medical expenses are very high in Western countries and without insurance coverage, you will struggle to pay the bills. Get travel insurance and stay protected against illnesses and injuries in a wholesome manner.

2. Trip coverage

All the aspects of your trip such as missed flights, changes in itinerary, rescheduled reservations, etc. are covered under travel insurance.

Rationale: Such challenges are common during journeys, so a travel insurance policy protects effective coverage. Whether you miss your connecting flight, or a hotel cancels your reservation at the last minute, your insurer will help you make fresh bookings and compensate for the financial losses.

With a Kotak Smart Travel plan, you also get coverage for OPD treatment, Loss/delays of checked-in baggage, Daily allowance, Medical evacuation, Trip cancellation, etc.

3. Visa requirement

Many countries, including the Schengen countries, have a mandatory rule of having a valid travel insurance policy when you apply for a visa.

Rationale: In other words, the visa won't be issued unless you have travel insurance in place. This is another important reason why you should look to invest in a good travel insurance policy before you start your visa application work.

4. Coverage against loss of baggage and documents

Some airlines are very careless when it comes to baggage and so, you find a lot of people with lost luggage. This is a very problematic challenge as you end up losing not just your clothes, but other important documents when you lose your baggage.

Rationale: Travel insurance offers protection against this problem. If your luggage is lost, the insurer compensates you for the damage and you can purchase some new materials to replace the lost goods. If you lose your important documents such as your passport, the insurer will assist you in getting the new papers that you will need to safely return to India.

5. Inexpensive and easily available

Travel insurance coverage is quite inexpensive without much documentation and hence very easy to apply.

Rationale: You pay a small premium amount for large coverage and this could be highly beneficial if by chance the need to claim arises! It is also easy to get travel insurance, as the plans can be bought online with the click of a few buttons.

The final word

As you can see from the points mentioned above, travel insurance offers some of the most invaluable covers when you travel abroad. Trouble often comes unannounced and you never know when danger may strike. So, get a good travel insurance policy and protect your journey comprehensively.