Holiday season is here! Why you need travel insurance
It is that time of the year when you plan your dream summer destination. While flight tickets, hotel bookings etc are a must, you should not neglect travel insurance. Here's why:
Even a well-planned trips can have mishaps. Travel insurance protects you against falling sick, missing a connecting flight or losing your passport etc.
Travel insurance is an inexpensive way to secure the much-planned trip if you truly consider the hassles that you might have to go through if you are not covered.
Health risks are common while on a trip. Data suggests roughly 12 per cent of claims are made on accidents whose value can go up to Rs 30 lakh.
Gastrointestinal problems are another risk, which comprises roughly 7 per cent of total claims with an average claim amount of Rs 1.2 lakh.
One must consider unforeseen risks like having stranded at a foreign place that requires air evacuation. In short, travel insurance is the answer to a safe and hassle free travel.