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Why Opt for Affordable Travel Insurance Instead of Going Without it?

Posted On : 12 March 2024, 1 Months Ago. Travel
Affordable Travel Insurance: Essential Choice

Travelling is a necessary aspect of human life, whether commuting to the office daily or leaving the country for a week on vacation. Despite its necessity and importance, travelling brings risks that can result in significant financial loss or harm the traveller's well-being.

 

To protect oneself from these risks and more, it is vital to avail travel insurance. But despite its importance, it is often considered an expense, and people delay it till the last minute to purchase one or entirely dismiss it.

 

In this article, we will explore why opting for affordable travel insurance is better than going without it.

 

What is travel insurance?

Travel insurance is a tool to protect oneself and one's investment from risks beyond their control. It acts as a safeguard, ensuring a fallback option and allowing travellers to explore the world confidently. Opting for insurance when travelling offers protection in the form of coverage.

 

Here is a list of some of the top coverages offered by Niva Bupa.

 

  • Lost or delayed checked-in baggage coverage with compensation based on the policy terms and conditions for the loss.
  • Missed connecting flight coverage with compensation based on the policy terms and conditions for the loss.
  • Emergency medical treatment coverage with cashless claims or reimbursement for hospitalisation charges.
  • Personal accident coverage provides compensation per the policy document.
  • Trip delay, interruption, or cancellation coverage ensures compensation for the unrecoverable travel and accommodation expenses as per the policy document.
  • Loss of passport coverage for the cost of replacing a passport.

 

Why is it better to opt for affordable travel insurance than without one?

Foreign travel, whether airfare, hotel bookings, or event reservations, is expensive. This is why people often consider insurance as an additional expense or thing to remember. Despite this image, travel insurance is necessary for any foreign trip.

 

Here are a few ways in which opting for insurance is highly beneficial to travellers. 

 

  • Protection from incurring significant financial loss
  • Ability to visit certain countries mandating insurance
  • Confidence when dealing with the impact of specific risks
  • Financial protection in case of an accident

 

Other than these, travel insurance also offers protection from certain circumstances through coverage. With Niva Bupa, these coverages are bundled in carefully curated plans that protect from dozens of risks. It is also important to note that the international travel insurance cost in India is significantly more affordable than its counterparts abroad, and it has much more to offer. 

 

For example, Niva Bupa offers one of the best budget travel insurance plans, where even opting for a comprehensive plan worth Rs 1000 with Niva Bupa offers a sum insured up to $300,000. This means that if, for some reason, the policyholder needs to claim a settlement, they can avail up to 2,500 times the initial amount.

 

How to choose the best travel insurance India?

Whenever looking for an insurance provider or plan, it is essential to do one’s research and choose the right insurer and plan. These are some of the most important factors to consider and compare when selecting one.

 

  • Coverages offered
  • Premium price
  • Exclusions
  • Special conditions
  • Claim settlement ratio

 

How to buy travel insurance?

You can follow these steps to check out these plans and purchase them within minutes.

 

  • Visit the Niva Bupa Travel Insurance page.
  • Fill out the details requested in the portal, and choose whether you will go on a single trip or travel as a student.
  • Choose the country you will be travelling to from the dropdown menu, choose the date of departure and return and confirm with your phone number.
  • After filling out all these details, click “view plans.”
  • 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.

 

Wrapping up

Travelling has a lot to offer, whether it is opening up new life experiences or business opportunities. It is, however, highly recommended to opt for insurance when travelling to protect the traveller and their loved ones from risks associated with travelling. So, mitigate the risks and travel confidently as you secure your financial future with insurance from Niva Bupa.

 

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Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
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OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
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