Everyone wants to have a safe and peaceful vacation.But, some of the frustrating factors of travelling would be, loss of baggage, accident, theft and extra expenses. However, it is always advisable to opt for a travel insurance while planning a vacation. This in return minimizes losses occurring on the trip. A travel insurance can be availed from NBFCs, banks and other financial institution. Also, even travel agencies provide insurance when you apply for visas and book your ticket from there. Among many advantages, travel insurance can be opted at an affordable price and still offer hefty cover.
Here’s why you need a travel insurance!
Without travel insurance!
For example – Mr X decided to visit United States (US) with a budget of some Rs 3 lakhs. From which Rs 80,000 is set for hotel and food expenses, while Rs 80,000 for economic class air tickets, Rs 20,000 for his travel services there and Rs 90,000 for shopping and site visits. Mr X, still has Rs 30,000 in hand cash, which he decides to use on necessary occasion there.
During his trip, Mr X comes across an accident where he has injured his leg. Now here, because Mr X did not have any travel insurance, he has to compensate the loss from his pocket. That said, Mr X instead of saving is returning home with even more than double expenses.
Thereby, travel insurance can help you compensate for losses that occur during your trip. These days, many companies are even offering not just accidental loss coverage, but also for issues like loss of baggage, medical aid, or trip cancellation cost, flight delays and much more. Hence, you can secure your vacation from every end by just opting for travel insurance. Not just for you alone, but also for family trips. Here’s a list of three policies which can help you…. Read More>>>