Tuesday, December 27, 2016

With rising incidence of accidents, is it worth to have travel insurance?

A Jet Airways flight with 161 people on board veered off the runway at Dabolim airport in Goa while aligning for take off to Mumbai early today, with 15 passengers suffering ‘minor’ injuries during the evacuation. Sadly, this is not the first incident of its kind. Earlier also, on many occasions, travellers have got hurt while travelling – either by plane, rail, car or bus.
This explains why travel insurance has become a must in today’s world. True, you cannot avoid financial losses from miss-happenings occurred via travelling but you can secure your financial losses by taking a travel insurance plan.
What is travel insurance?
It is a general insurance which covers the medical and non-medical loss occurred while travelling. Loss covered under such policies are mainly: flight accident, medical expenses, cancellation of the trip, loss of luggage, home insurance, personal liability, personal accident insurance and much more.
Whether it is travel insurance or life insurance, you can easily avail both the insurance through online by visiting the websites of insurance companies.
Do we need travel insurance every time?
Not necessarily. There are annual plans under which you can go for as many trips as you want to ensure certain term and conditions mentioned by the insurance companies. Single trip insurance plans need to be availed every time before boarding for a new journey.
27/12/16 Navneet Dubey/Financial Express
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