A travel insurance is a comprehensive insurance plan that can provide coverage for any financial and medical emergencies that may occur while you are away from home. To that end, there are numerous travel insurance plans that provide coverage while travelling abroad.

These insurance policies cover things like lost or delayed checked baggage, lost passports or other important documents, personal accidents, special features like personal liability and accident coverage, allowance in the event of distress due to hijacking, and coverage for financial emergency assistance.

Additionally, travel insurance can offer health protection for hospital stays, doctor visits, dental work, ambulance services, and daily hospital allowances. Before departing on an international trip, purchase travel insurance for the following reasons:

  1. You might fall ill or get hurt

The likelihood of getting sick while travelling is relatively high due to late-night flights, changing time zones, air conditioning, changes in temperature, and different cuisines. Additionally, there is still a chance of suffering harm.

Additionally, even though the nation you’re visiting might require you to get immunised against specific diseases before you go, you can’t completely rule out getting seriously ill while travelling and needing to go to the hospital. These are just a few situations where having travel insurance can be beneficial.

  1. When you must postpone or modify your trip before you travel

This can happen if you get sick, a family member gets sick, or a natural disaster forces you to change your plans or cancel your intended trip. Pre-paid travel cancellations are frequently expensive. When you purchase travel insurance, whether online or offline, you gain the peace of mind that, in the event of an emergency, you won’t have to second-guess your decision to change or cancel your itinerary due to financial concerns.

  1. When your travel schedule goes awry

People have pre-planned itineraries when they travel, especially abroad. These itineraries are interconnected like a house of cards, and even a tiny deviation from the plan can ruin the entire trip. A flight cancellation or any other circumstance could be the reason for this change. You won’t have to bear the financial burden of changing your travel plans if you have insurance for travel abroad on hand.

  1. Your luggage is late or missing

These days, lost luggage is a common occurrence. Although it is unlikely that it could be you, it is still a good idea to be ready for the worst. The majority of travel insurance policies cover delayed bags. In order for you to enjoy your trip, they will assist you in finding your misplaced luggage and reimburse you for any money you spend on necessities like shoes, toothpaste, etc. The insurance will reimburse you for the items you lost, even if your luggage is lost.

  1. You lost your passport

It can be a nightmare to lose your passport and other important documents while travelling abroad. However, if you have insurance, the travel insurance company will help you get a new passport and other necessary documents while paying for a new passport.

Why purchase travel insurance – is a question that many travellers have asked. To the majority of people, it may seem like an unnecessary expense. First, one of the many items you must have while travelling is travel insurance, just like getting vaccinations.

Travel insurance offers you protection against a variety of emergencies in addition to being a requirement. Travel insurance is necessary and unquestionably a very wise investment to make before travelling for all of the aforementioned reasons.

But also equally important is to do one’s research about who is offering the insurance. Ensure you do your research and go with a trusted travel insurance company that has a history of easy and accurate claim payout. *

* Standard T&C Apply

** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.

# Visit the official website of IRDAI for further details.

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions,

limitations, terms, and conditions, please read the sales brochure/policy wording carefully

before concluding a sale.

Source: https://www.iffcotokio.co.in/travel-insurance/international-travel-insurance/importance-of-travel-insurance-when-going-abroad