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101 On Travel Insurance

101 On Travel Insurance

From your travel essentials checklist, insurance might just be last on your list. If it’s not mandatory most of us don’t even bother finding out about it. But there are a number of reasons why travel insurance is worth buying.


  1. It helps in case of ‘loss of baggage’
  2. It compensates for flight & trip delays
  3. Acts like a savior during last minute cancellations
  4. It covers your expenses in case of medical emergencies

Read: 5 reasons why you should care about Travel Insurance

How to pick a travel insurance plan?

First, check with your existing insurance provider if they cover travel insurance as well. Some insurance/bank providers give this service free of charge. Second, identify your requirements from the insurance. This will depend on the place you’re visiting and the nature of your trip. For example, if you’re visiting the U.S. or Europe travel insurance covering medical expenses is important as the hospital and medical costs in these places are high. If you’re travelling with expensive baggage make sure your plan covers loss of baggage as well. Whatever your plan read the fine print and wordings before signing off on it. There are tools such as PolicyBazaar to help you compare travel insurance plans.

How much will it cost you?

Approximately travel insurance would cost you anywhere between 4%-10% of your total trip cost. But it varies from person to person and cover to cover. Factors such as age, number of travellers, duration,  nature of travel and type of coverage determine the cost. Example a cover that gives additional protection for adventure sports might be slightly expensive than a regular cover.

Quick pointers to keep in mind while buying travel insurance

  1. Check if you already have an existing travel insurance plan
  2. Compare policies before settling on one
  3. Before buying evaluate how much cover you need
  4. Declare any pre-medical conditions if you have any
  5. Consider family policy if traveling with your family

Check out how travel insurance helped Dhwani Mody –

During my vacation in the U.S, I met with an accident injuring my left arm and shoulder at Yosemite Park. Unfortunately, since it was a park the medical services weren’t adequate and on top of that they were short staffed. Thankfully, my father was carrying our travel insurance papers and it was a total cover insurance plan. So, the nursing home that I was admitted at, saw the insurance papers and started treating me. To my surprise, the treatment which would otherwise cost me Rs 40,000 was free of cost all because of the insurance.

Medical expenses abroad are very high and having insurance always helps since you get covered for most of the emergencies that can occur. But at the same time, reading the limitations of the policy is important, since one might be prone to a disease, which may not be covered in it. So choose the right policy with the required cover.

If you’ve still got any questions, comment below and let us know!

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Talkative, clumsy, punny, intuitive are just a few buzzes of this queen bee. An aspiring business journalist looking to find her throne in the corporate world.

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