Travel by Indians continues to grow in a healthy pace, reveals an ICICI Lombard directory insurance trends. The number of Indians traveling abroad has reportedly crossed the 12 million mark and it is anticipated to touch 50 million through the year 2020. However, there exists something else lurking behind these double digit figures, the truth that just one traveler in five chooses a travel cover. If you fall within the class of those traveling without insurance, allow me to share facts you should look at.
Firstly, finding a travel insurance before heading abroad is prudent because it provides for a buffer to many people unforeseen situations.
Loss in passport, delays during flight, decrease of baggage will give any traveler nightmares. Its here a travel cover policy keeps you a pace ahead. In the event of a loss of revenue of passport, the insurer arranges for the duplicate passport or reimburses the price tag on making a replacement. In the event the traveler loses his checked baggage, the insurer provides adequate compensation. And with the backing of your travel cover policy, delays in flights should no more pose a problem, they will be paid for.
Secondly, consider the difficulties of financially tackling medical emergencies with a foreign turf. Imagine you meet with a major accident and injure yourself or contract an illness and wish hospitalisation. With all the soaring medical inflation, getting treatment or hospitalisation can prove an expensive affair inside a foreign land. But if you have a travel policy, you'll be well covered for your medical expenses. Additionally, some policies come with benefits like Hospitalisation Daily Allowance, which give the insured a daily allowance for expenses.
Thanks for sharing travel insurance tips. It will be really helpful for people.Travel insurance Ontario.
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