It’s exciting to plan a holiday in a foreign destination with your family. After all the hard work and stress the entire year, our bodies, minds, and souls tend to get weary. A holiday is a time to switch your mind off the mundane and look forward to the interesting stuff. It is a great opportunity to relax, unwind and rejuvenate.
However, after all the anticipation, preparation and excitement, things can still go wrong when you are going on a family holiday. But thanks to family travel insurance you don’t have to worry about the unexpected on your family holiday.
You may hardly notice if your travel agent has bought an insurance policy for you because the costs are relatively low compared to the overall travel costs. You may be busy planning more exciting stuff but understand that your policy is a complex document. It can cover more than 15 different financial risks and each coverage has separate terms and conditions. Also, the products, plans, and benefits vary according to each insurer.
Buying policy before a trip – domestic or international – is crucial and it doesn’t cost much. At Bajaj Finserv MARKETS you can buy Bajaj Allianz Travel Insurance for your international family holiday starting at just Rs.1,470.
Let’s look at 5 reasons why buying family travel insurance is important.
You need financial protection against trip cancellation:
Things can go wrong even if you have done everything right before your trip. There could be numerous reasons such as emergency work, family exigency, sickness, bad weather and a host of other unforeseen circumstances. You know how the refund policy works with travel agents, tour operators, and airlines; you’ll just get a fraction of your money back for last-minute cancellations. Some travel agents have no refund policies at all. You won’t have to suffer a huge financial loss if you buy travel insurance online and protect yourself against such eventualities.
Your health insurance doesn’t work overseas:
Without a policy, you’ll be left high and dry in case of accidents and medical emergencies in a foreign land because your Indian health insurance policy is not going to work there. Make sure before you buy a policy online that your insurer has global coverage. Bajaj Allianz Travel Insurance is recognized worldwide and you just need to drop a mail or call their country-specific toll free number or universal number from anywhere in the world to register a cashless medical claim overseas.
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Missing baggage or passport can ruin your holiday:
According to SITA, an international aviation information technology company, 21.6 million bags were mishandled (lost or temporarily misplaced) by global airport authorities in 2016. Out of those 21.6 million bags, 7% of them never came back to their owners. Even if you don’t lose baggage but there is a delay in finding them, it can be excruciatingly stressful, especially when you are in a foreign country. The policy not only covers loss and delay of baggage, but it also shields you against loss of passport. Bajaj Allianz travel insurance available on Bajaj Finserv MARKETS covers the cost of procuring a duplicate passport up to $300 and offers coverage for loss or delay in receiving baggage.
Medical evacuations cost a bomb:
Medical evacuations in foreign countries are terribly expensive. For example, if someone in your group falls sick or suffers an injury, you may require a helicopter (if you are traveling the mountains), a boat (if you are on a cruise) or an ambulance and paramedics (if you are on a road trip). All that costs a significant amount of money without taking the hospitalization expenses into consideration.
Family travel insurance is cheaper:
Buying an insurance policy before a trip for your family will cost you less than buying individual policies for each member. A family floater is also useful if you plan holiday trips every year.
Before you buy family travel insurance online, read the fine print and learn about the inclusions and exclusions so that you don’t have to deal with unpleasant surprises on your family holiday. If you are travelling with an extended family, consider buying add-ons and top-ups to provide travel insurance coverage for all of them.
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