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6 Important Reasons to Buy Travel Insurance

By Finserv MARKETS - Jan 23,2019
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6 important reason to buy travel insurance.

Many people consider travel insurance to be just another expense or something unimportant to pay heed to. On the contrary, when you get to know what this policy is all about, you will find out that there are several reasons for you to get a policy right away.

To begin with, here are a few reasons why you should consider buying travel insurance policy:

1.Last Minute Travel Plan Cancellations

At times you might need to cancel your travel plans due to unexpected reasons or emergencies. In such cases, a travel insurance covers trip cancellation which will help you reimburse your monetary losses with ease. Some insurance plans offer trip curtailment benefits of up to $500 in case you have to cut your trip short due to unforeseen circumstances.

2.Missing Your Connecting Flight

A travel policy also comes in handy in case you miss your connecting flight. With a travel insurance’s missed connection coverage plan, you can take another flight without any hassles. Plus, you can easily buy a policy online and enjoy the benefits right away.

3.Illness or Injury

Let’s say you and your family have planned a trip to your favorite dream destination. However, first night at this gorgeous destination, you wake up with severe stomach cramps and fever, demanding immediate medical attention.

In such a scenario, travel medical coverage can come to your rescue as the travel insurance policy takes care of your medical expenses. The cover also includes providing assistance to the insured for transportation and helping them get the best available medical facilities. With Finserv MARKETS, you can get a plan that offers you medical repatriation benefits.

4.Loss of Passport

Let’s say you are away on an international conference and while rummaging through your bags realize that you’ve lost your passport. If you have a travel insurance, you wouldn’t need to worry much. The policy with missing passport cover can help you in this situation.  You’ll get monetary compensation for the cost of getting a duplicate passport.

5.Loss of Baggage

You are all packed and have enthusiastically boarded a flight to attend your friend’s wedding, but your mood dampens as soon as you land. You realize that the airline has made a mistake and the status of your baggage is unknown. It’s either delayed or lost. With a travel insurance policy, you need not worry at all. With coverage for lost/ delayed baggage, you will get reimbursed for the loss.

5.Home Burglary Coverage

While you are away in a foreign land, enjoying your vacation with your family, your home remains protected from burglary or theft. A travel policy covers unforeseen events like a break-in or burglary in your house when you and all your family members are away on an international holiday. This way, you can stay worry-free when you leave your home behind to go visit your dream destination.

So, waste no more time. Go online and buy your travel policy today!

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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522