There are often hidden risks when travelling around the world or even within one’s own country. These risks are generally associated with the materialising of unknown circumstances, such as lost checked-in baggage or missed connection. These risks are of varying degrees of complexity to solve them and frequency.
In this article, we will explore one of the tools available to mitigate the impact of these risks, what it is, what it does do, and how travellers can use it to secure their travel and explore the world with peace of mind.
What is travel insurance?
Travel insurance is a tool travellers can use to mitigate the financial risks of travelling. Although it is technically a financial risk management tool, it offers benefits much more significant than that, allowing travellers to explore the world peacefully while ensuring their well-being and financial security.
This is a type of insurance which is specially designed to protect and safeguard the investment and interest of travellers by offering compensation in terms of reimbursement. This reimbursement/compensation is provided when a policyholder is affected by covered risks.
For example, every policy has certain ‘coverages’. These coverages are specific scenarios or risks which are covered, i.e. offered compensation by the insurer if you avail of their policy and are caused injury or suffer losses due to these risks.
How to secure the best travel insurance?
Whenever availing of insurance, there are certain factors which need to be assessed. These factors can significantly impact the policy and, thus, the protection one would receive from them.
Coverage offered
It is essential to consider the coverage offered as those are the specific circumstances/risks offered coverage from in a particular policy.
Exclusions
Conversely, exclusions are specific circumstances not covered by an insurance provider and must be known when planning a trip.
Special conditions
There are several coverage options with specific conditions to avail of those coverages. I.e. Being a student, etc.
Extent of the coverage
The extent of coverage can help ascertain the degree of protection a particular policy offers.
Reliability of an insurer
The reliability of an insurer is a necessary factor to consider when choosing an insurer.
By referring to these factors, travellers can find and purchase the best policy for their needs. While you wouldn’t necessarily go wrong by opting for any of the top names in the industry, insurance advisors prefer protecting their travels with Niva Bupa. They are one of the leading insurance providers in India and offer the coverage you need to protect your interests quickly and affordably.
How to buy travel insurance online?
You can purchase a policy from any leading insurer online. Here are the steps to follow to buy insurance from Niva Bupa.
- Visit their website and click on “Travel Insurance”.
- Choose the country you will be travelling to from the dropdown menu, choose the date of departure and return, confirm with your phone number and click the button.
- This will take you to a page where you can input the traveller’s details.
- Once that is done, click “Next” and choose the right plan for your needs.
- Change the sum insured to the amount you want to insure your trip for and select any add-ons.
- Click on “Next” after this and fill out the relevant information along with the medical declaration to purchase the plan of your choice.
- Once the payment is complete, the policy will be emailed to you.
Conclusion
Whether it is for fighting off losses or to mitigate risks of expensive travel, armed with insurance, travelling anywhere in the world is as simple as it goes. Experience the joy of travelling without the fear or anxiety of it, whether it is within your own country or thousands of miles away, with insurance covering your travel. So ensure your travel and go around the world with confidence and peace of mind.
