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Meet Rahul and Aman, two friends who have just excitedly mapped out their dream vacation. Yet, just days before their long-awaited departure, Rahul faces a family emergency, and Aman is caught up in unexpected work commitments. They are faced with a difficult choice - whether or not to proceed with their travel plans.
Enter Cancel For Any Reason (CFAR) travel insurance—your solution in moments like these. When we consider travelling, we focus on the exciting destinations, the sights to see, and the memories to make. But life happens and disrupts plans! Amidst these uncertainties, CFAR travel insurance acts as a safety net.
Let’s understand what CFAR is and why you should consider it.
Cancel For Any Reason (CFAR) travel insurance is more than just a safety net. Unlike standard travel insurance plans, which only cover specific cancellation grounds, this one takes it a step further. With this supplementary coverage, you can cancel your flight and hotel bookings for any reason. You will still receive a refund for a portion of your prepaid, non-refundable expenses.
The importance of CFAR travel insurance can be summed up with the following benefits:
You can unlock these benefits with the exclusive Mayura Credit Card, an excellent travel companion.
If you are considering a credit card with CFAR travel insurance, the Mayura Credit Card is a perfect choice. This premium metal credit card offers a range of features that make it the ideal companion for those seeking luxury with travel protection. The Mayura Credit Card provides CFAR travel insurance of up to ₹50,000 twice a year, along with a host of other benefits, including:
o Air accident insurance up to ₹1 crore
o Loss of Checked-in Baggage: USD 500
o Delay of Checked-In Baggage: USD 100
o Loss of Passport and other documents: USD 300
o Delay in Flight: USD 300
Should the need arise, the Mayura Credit Card enables you to cancel travel bookings and get reimbursed up to ₹50,000, twice a year, for non-refundable flight and hotel cancellations. As long as you make travel arrangements using the card, you can avail yourself of the eligible coverage amount for a maximum of two transactions annually.
Even the best-laid plans can go awry sometimes due to life’s unpredictable nature. With the Mayura Credit Card, you can access CFAR coverage and make travel decisions without losing your hard-earned money due to unexpected surprises. Don’t let uncertainties hold you back—invest in the Mayura Credit Card and its benefits for your next trip!
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.