Top Benefits of Buying Travel Insurance in India

Travel insurance in India provides essential financial security and guarantee against any kind of unexpected situations when you are on the way. The main advantages you are entitled to include cover of costly emergency treatment in other countries, trip cancellations or delays, assistance of lost baggage or passports.

Domestically or internationally, a travel insurance policy will protect you against most of the unplanned inconveniences, and it is thus a necessary aspect of responsible travelling planning.

What is the Travel Insurance in India?

Indian travel insurance covers you against any unexpected turns in the course of your journey. You must protect your possessions and calmness on your relaxing trip.

In fact, contrary to popular belief, 85% Indians insure their international trips citing safety concerns. So, why should you be left out?

Let’s decode the benefits a travel insurance international would give you.

What are the 8 Benefits of Travel Insurance in India?

The Indian travel insurance is a booming market with a CAGR of 18.9. This demonstrates how awareness of people has been growing in terms of securing their travels.

However, don’t just follow the trend; know how travel insurance in India helps you, before you make a purchase:

1. Medical Emergency Protection

The most respectable aspect of travel insurance is the coverage that it gives against medical emergencies. The insurance companies know that you may get into any emergency at any moment and you should get appropriate care regardless of the location.

This is why, when it comes to travel insurance, there is no need of worrying about high hospital bills in a foreign state.

2. Personal Liability Coverage

Consider a scenario where you are riding your bicycle in the fields in remote parts of India, and after that, you hit somebody and harm them. Although it is an accident, you still have to pay for his hospital bills and other compensation he demands. 

Don’t worry, travel insurance has you covered. They will pay for your personal liabilities, letting you enjoy your time off in a foreign country. 

3. Loss of Passport Cover

Mr Ghosh was awaiting his luggage in a busy airport, and all of a sudden, he knew that his passport was missing. That is one of the most panicking situations, being in an unknown country.

However, if you have travel insurance in India, your insurer will cover the costs of replacing your lost passport. You can also avail this service if your passport gets damaged. 

4. Flight Reschedule or Cancel Coverage 

You are all set for your flight to your dream country when you realise your flight is rescheduled. Blame the weather all you want, but it won’t bring back your only mode of transportation. 

India’s travel insurance plans offer coverage in case your flight gets delayed or, worse, cancelled. So, you know you can reach your dream destination no matter the financial hiccups during delays. 

5. 0% GST on Premiums

In a landmark decision, Finance Minister Smt. Nirmala Sitharaman announced that individual and family travel insurance is now exempt from the 18% GST. This means your travel insurance premiums just got cheaper! 

For example, if you had to pay ₹2,000 as your travel insurance premium with 18% GST, you now have to pay ₹1,640 with 0% GST. 

6. Cashless Hospitalisation 

Cashless hospitalisation is one of the most amazing features of a health insurance plan. But did you know that international travel insurance plans also provide this benefit? It implies that you do not need to pay any out-of-pocket bills in case you are hospitalised in any part of India.

7. Loss of Checked-in Baggage Cover

One of the most prevalent events at the airports is the loss of baggage. But you need not fear losing your valuable things or the souvenir you brought back. It will be covered in travel insurance. They will compensate for your loss. Moreover, some insurance companies also offer a track your baggage feature for added reliability.

8. Peace of Mind

Finally, travel insurance in India takes the burden off your shoulders and allows you to relax, and you can enjoy on vacation without thinking about your money or ill health.

The Bottom Line

Finally, the cost of purchasing travel insurance in India is much less than the benefits of having such insurance. With a policy in place, you are able to have much-needed security against various inconveniences, such as medical emergencies and cancellation of a trip and loss of baggage.

This is because you would not be in situations you have not planned on, and would ruin your finances or travel plans. The best thing to do is to purchase a comprehensive cover that will offer the much-needed support as well as invaluable peace of mind whenever you are travelling.