How can your travel insurance safeguard you?

Travel insurance is a must-have for travellers. It safeguards you against a wide range of disruptions to your plans. Considering we live in uncertain times where travel itself is a huge question mark, going without travel insurance cover would be ill-considered. In fact, almost all travel insurance plans today cover COVID-19 on all domestic and international trips. If you are wondering what does travel insurance cover include, here is your answer.  

Trip or flight cancellation

Trip cancellations have become a part of our lives and something we must learn to live with. If you have to scrap your plan entirely due to a covered reason such as contracting COVID-19, accident, or unexpected injury to any of the travelling party, hospitalisation of a family member, or natural calamity, your travel insurance trip cancellation benefit will reimburse you for non-refundable expenses you may have incurred for the trip, including your flight tickets. 

Lost luggage

If the airline messes up and loses your bag, or if your bag is damaged or stolen during the duration of the trip, your travel insurance cover will reimburse you for replacing the items in your bag. Moreover, if your luggage is delayed in the process of reaching your destination, your trip insurance will also offer coverage for purchasing essential items such as basic clothes, shoes, toiletries, etc.

Medical emergency

Most vital, a travel insurance policy covers medical emergencies during your trip. If you get sick or meet with an accident, a travel insurance policy safeguards you from financial risks by offering coverage for medical expenses. Some insurance providers also have a network of hospitals in foreign countries. This way, you can avail of a cashless treatment, which is crucial, especially in countries where medical care costs are through the roof. Travel insurance plan also covers medical evacuation if need be.

Loss of money and passport

If you misplace your wallet or passport, or if these items are stolen from you during your trip, your travel insurance plan offers coverage for the money lost and expenses incurred to get another passport from the embassy. Moreover, it will also cover additional expenses incurred to extend your stay till you can get your new passport to get back to your country.

Not all travel insurances are the same

The features and benefits listed above may not be available with all insurers; hence, understanding the scope of coverage offered on a specific travel insurance plan is necessary. IDFC FIRST Bank helps you keep away stress and ambiguity by offering curated travel insurance products from the best general insurance companies in India. Get coverage ranging from US$ 50,000 to US$5,00,000, valid anywhere in the world. Protect yourself and the entire family with a single insurance plan, and even benefit from an affordable multi-trip travel insurance plan as a frequent flyer. 

Make memories and forget the worries with IDFC FIRST Bank travel insurance options you can secure in just a few clicks.

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.