Buying a travel insurance is not about you being unfit. If some countries have made travel insurance mandatory, it is for your own good.
For instance, if you are planning a trip to Germany, you would require to buy a travel insurance for Germany. That is not because you are unfit to travel to Germany, but because if on an unfortunate occasion you fall prey to an unforeseen event, your travel insurance to Germany would financially assist you to deal with the situation.
Someone who is buying a travel insurance for the first time might get confused in the process for the same. With a long list of travel insurance companies offering wide range of plans, it would be normal for the first timer to get confused about what which policy to buy and which not to.
While you are on your own on a foreign land, you would never know what may go wrong when and where. You might meet a road accident while commuting in that country or you might have to cancel your trip mid way following someone’s death in your family. Such things are never pre-planned, neither you want to be a part of such events, however, irrespective of our wish one can fall prey to such circumstances, it can be anyone of us. Thus, it is a travel insurance policy that comes handy during such circumstances.
If following an accident or medical emergency you were are hospitalized on a foreign land, during your trip, your travel insurance policy would bear the cost of your medical expenses and ensure that you get the best possible treatment. However, failing to buy a travel insurance you would have to bear these expenses from your own pocket, which can prove to be heavy on your earnings.
What would a good travel insurance offer?
There are over 25 companies offering overseas travel insurance policies in India. Thus, you would need to put in bit of your time in finding out about the best suitable plan for you.
To start with, while looking for a travel insurance plan, ensure that the policy you choose offers maximum coverage limit on your medical expenses. This is important because the medical expenses in most of the foreign countries are very expensive, and if you at all you need to get a medical care during your trip, your travel insurance policy’s coverage limit should be able to take care of even the high hospital bills. Also ensure that your policy takes covers emergency evacuation.
Your travel insurance must include:
- 24 hour emergency services and assistance.
- Medical and hospital bills
- Loss of passport, checked-in luggage
- Trip cancellations, hotel bookings, flight, and other transportation bookings
- Personal accident
- Personal liability
- Dental care
- Compassionate visit