Travelling abroad is an experience unlike any other. It enables you to explore the world while sharing experiences and creating memories with friends and loved ones. This is why it makes sense to travel the world with your friends and loved ones in a group adventure. But while going on a trip is all fun and games, there might be certain risks that need to be considered for a safe and secure trip.
For example, consider trip delays, lost baggages, medical emergencies, and even trip cancellation or personal accident. When travelling, any number of these risks can impact travellers, thus resulting in potential financial and medical harm. This is where travellers can look to buy travel insurance from a leading insurer for holistic protection and peace of mind.
Here is all you need to know about selecting the best travel insurance policy for yourself and your fellow travellers in a high-cost group trip.
What is travel insurance?
While relatively uncommon in the past, today, as more and more Indians are travelling abroad, travel insurance has become a part of our day-to-day vocabulary. Especially among those travellers who are aware about not just the risks associated with travelling but also the potential benefits of having a safety net to fall back on when travelling outside one’s country.
Thus, to define travel insurance, it is a safety net which is implemented in the form of a contract between an insurer and the policyholder, when in exchange for the initial premium amount, an insurer offers financial protection/compensation to the traveller when faced with certain covered risks.
Who needs travel insurance?
Any traveller planning to travel abroad or even domestically, regardless of their age or fitness levels, is recommended to secure their trip with travel insurance. That is because while one of the main benefits of travel insurance is the medical coverages, travel insurance coverages go well beyond that into some exclusive benefits like delayed or lost checked-in baggage, trip delay, interruption, and cancellation, missed connection, and many others.
Why is it important to get travel insurance cover for your trips?
When travelling with a group, there are a few critical aspects to understand and account for when planning avail travel insurance. While even a cheap insurance policy can offer a certain amount of coverage and thus financial compensation for expenses borne to deal with certain risks, these coverages might be limited or non-comprehensive, thus resulting in partial or non-coverage of the compensation.
For example, you are travelling with 7 people and one traveller has diabetes and hypertension. Now imagine that while everyone is enjoying themselves at an amusement park, but this individual unfortunately suffers from a stroke resulting in hospitalisation. While hospitalisation might definitely be covered by the insurance provider, due to individuals with hypertension have a chance of getting a stroke when doing intense activities, some insurers might deny the claim. Stating that hospitalisations resulting from pre-existing diseases are excluded and not covered.
Now imagine this incident not only disrupting the trip but also resulting in significant financial investment for treatment despite having insurance. This is why, having the right travel insurance covers for your trip is critical.
How do you select the best travel insurance cover for your needs?
As a group traveller, looking for the best travel insurance can entail many considerations such as the scope and cover of extent, sum insured, reliability of the insurer and many others. This is why it is critical to know and be aware of the various criteria when planning to get the right insurance policy.
If, however, you do not wish to do that, and just buy an off-the-shelf insurance policy which offers 100% of the coverage for 99% of the scenarios, then definitely consider getting a policy from a reliable insurer like Niva Bupa and ensuring safe travels.
Conclusion
Get the best insurance policy to secure yourself and your loved ones when travelling, especially in high-cost group travels. Make sure to get a comprehensive and reliable insurance coverage for financial security and peace of mind. So travel freely and explore the world with friends and loved ones while creating new memories and sharing common experiences.
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