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Why Travel Insurance is a Must

By Finserv MARKETS - Nov 29,2019
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Is Travel Insurance Worth Getting
From planning the trip to visiting your dream destination to bringing souvenirs for your loved ones, travelling can be life’s most rewarding experiences. However, there are certain unforeseen circumstances that could ruin the fun. In such situations, it is extremely handy to have a trusted partner that protects you financially, and offers a range of helpful services.

Some of the most common problems travellers face include:

Fight delays and cancellations

In 2017, over 1.1 million U.S.A. domestic flights were delayed, and over 2.4% were cancelled

Loss of luggage

In 2016, over 21.6 million bags were mishandled by airlines across the globe

Medical emergencies

Medical emergencies are unforeseen. Sudden changes in weather and diet can affect travellers’ health unpredictably

Man-made/natural calamities

Travel insurance is imperative when visiting countries are prone to human-made or natural disasters

Missed flights/trip cancellation

Between January and April 2017, over 5.12 Lakh Indian passengers were denied boarding or faced flight delays and cancellations

Thankfully, a good travel insurance policy will protect you in all of the above situations and more. Here are the three types of travel policies you can avail through Finserv MARKETS:

Individual Travel Insurance Plan

It will protect you against medical emergencies, loss of luggage, delayed flights, and much more. Now you can travel solo with confidence!

Family Travel Insurance Plan

It covers a family for unforeseen events like medical emergencies, accidents, delayed flights, loss of luggage, and more. Get international travel insurance for all your family members under a single plan.

Student Travel Insurance Plan

Several universities now have a mandate that international students should take admission only after acquiring a suitable insurance policy first. At Finserv MARKETS, travel insurance covers both medical and financial emergencies when you are away from home, as well as loss of your belongings like your laptop, passport, etc.

Here are some of the benefits of taking a Bajaj Allianz Travel Insurance through our platform:

  • Extensive medical coverage via 10000+ network hospitals around the globe
  • 24X7 on-call support anywhere in the world
  • Claim settlement ratio of 93% and no third-party involvement
  • Highest emergency cash benefit
  • Fast Online Process
  • No tedious paperwork or heavy documentation

If you’d like to know more about how the travel plans on Finserv MARKETS can protect you and your loved ones on your next journey, feel free to contact us.

Check the complete list of bank holidays 2020 and plan your travel in advance!


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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