Planning for Overseas Holidays? What About Travel Insurance?

Holiday season is on the cards. So, are you going to travel abroad this time? If yes, then do not miss travel insurance in any case. The rates have gone dirt cheap and you can easily get a good level of coverage at the payment of a few hundred rupees. Yes, that’s true.

Sample this: A travel insurance plan of USD 50,000 for a trip to Australia, Belgium or Malaysia can be taken in just Rs 397. Royal Sundaram, India’s leading general insurance company, is providing this facility at such a low cost.

The rates of travel insurance premium are more or less the same for several countries other than the United States (US) and Canada. But even for the US and Canada, you can get a travel insurance plan of USD 50,000 in just Rs 600.

If you double the coverage to USD 1,00,000, you just need to pay Rs 150 extra. That’s the kind of benefit, general insurance companies are providing to you these days.

Thanks to the highly competitive yet healthy environment created by the Insurance Regulatory and Development Authority of India (IRDAI) that general insurance plans in India have become so affordable.

There was a time when travelling to foreign countries was so mind boggling. Many countries are notorious for theft and loot. People lose their luggage during the travel and end up facing several issues.

But with travel insurance, you can easily secure yourself and your belongings. The peace of mind comes with a cost and that cost has gone negligible. So, why to ignore it and travel without insurance?

There are incidents wherein people have lost their laptops from their side. Recently, a sales director of a consulting company was travelling to Switzerland lost his bag carrying expensive camera, cash, etc. from the airport. That was truly shocking to him. The bag could not be traced by the airlines and the police, and he had to suffer a loss to the tune of Rs 1 lakh. Alas, he did not buy travel insurance this time.

Every time, he bought travel insurance and since nothing unfortunate happened, this time he decided to save some money and forget about insurance.

This can be tempting to a lot of people. But remember that unfortunate incidents do not come calling. You have to stay alert and conscious. There are many things, which are not under your control. Loss of baggage is one of those risks. Thus, it is advisable to take general insurance each time and every time. There should not be any second thought about it.

Especially, during the holiday season from March to September, airports deal with excessive number of people and things tend to go wrong. You may be lucky sometimes but even if something happens even a single time, then several times of what you saved by not buying travel insurance can be lost in a few moments.

It is better to be pound wise and penny foolish, than the other way around. Isn’t it?

These days, all online travel portals offer you travel insurance plans on buying tickets from them. But no worries, in case you skip buying it from them or buy through any other mode. You can buy travel insurance plans online, in a few minutes. It is very easy and fast. You can even buy it at the last moment – at the airport or from within the cab while travelling to the airport.