Even today, a large chunk of the Indian population thinks that a travel insurance plan is necessary only if you travel outside the country. But, in reality, a travel insurance plan is a must for both domestic as well as foreign trips, as unforeseen events can happen at any time, anywhere. Here are the advantages of the domestic travel insurance policy.
Types Of Domestic Travel Insurance Policy
Emergency medical coverage
Travel-related medical emergencies not only create panic but also invite out-of-pocket expenses. But with a domestic travel insurance online policy in place, you don’t need to worry about medical expenses as your insurer will take care of the hospitalisation and medical bills when you’re on a trip. If your location has a network hospital of the insurer, then you can avail of cashless treatment. Otherwise, your insurer will reimburse the money spent on the treatment. A domestic travel insurance plan also covers emergency medical evacuation.
Cancellation of the trip
If your trip gets cancelled due to any reason mentioned in the policy document, such as natural calamities, terror attack, nationwide strike, etc., your insurer will compensate you for all those non-refundable expenses you’ve paid to the hotel or trip company.
Cancellation or delay of flights
Your flight to the tourist destination may get cancelled or delayed for various reasons. And it can impact your entire vacation plan and cause a significant financial loss. If you have a domestic travel insurance plan, your insurer will compensate you for all these financial losses. It includes expenses for booking another flight ticket, hotel accommodation and food. This helps you to keep your travel budget intact.
Suppose you’ve paid a non-refundable amount for any activity, and due to cancellation/delay of the flight, you failed to attend it. In this condition, your insurer will refund you the amount.
Emergency travel assistance
During the vacation, you may get stranded due to losing your wallet. In this situation, the insurer will help you with emergency travel assistance to come out of the situation. Domestic Travel Insurance provides Rs.50,000 if you get stranded during your holiday. You can use this money to pay your hotel dues, meet other expenses, and return home. This advance is interest-free if you repay it within 28 days.
Card blocking service
If you lose your wallet during your vacation, Bajaj Finserv Domestic Travel Insurance helps you to block all your lost payment cards in a single phone call. It ensures no misuse of your payment cards. And the plan also helps you to replace your PAN card at no extra cost if you’ve lost it along with your payment cards. Card blocking service is available round the clock for its members.
Suppose you are on a road trip and your vehicle encounters a breakdown. If you have a domestic travel insurance plan, then you’ll get help with vehicle repairs. Domestic Travel Insurance offers roadside assistance in 700 locations across India. Further, this plan covers the cost of 5 litres of fuel if you’re travelling in a car and 2 litres if you’re riding a 2-wheeler.
Loss of baggage
While travelling, you may lose your luggage. It can create a lot of inconveniences and result in additional expenses. If your travel insurance benefits include baggage loss, you don’t need to worry about these extra expenses. Your insurer will reimburse all expenses incurred due to loss of baggage. Baggage Insurance Policy offers maximum coverage of up to Rs.50,000.
Many domestic travel insurance policy plans cover third-party liabilities as well. Suppose during the trip you cause damage to third-party property or injury to a third person. In this case, your insurer will compensate for these losses.
Travel insurance is a must for you if you’re a frequent traveller. Several insurers offer travel insurance plans that cover multiple trips around the year. It not only saves your time and money but also ensures the safety of you and your belongings.
Last but not least, mental peace. If you have a domestic travel insurance plan, you can enjoy your vacation with peace of mind. If unforeseen circumstances occur during your trip, you can face them confidently without worrying about the financial part.
How to buy a domestic travel insurance plan?
Nowadays, you can buy domestic travel insurance online. To purchase Domestic Travel Insurance, fill up the online application form; it asks only for your basic information such as date of birth, mobile number, etc. You can authenticate your purchase by entering the OTP received in your registered mobile number. Then you can make premium payments through any of the online modes available. Domestic Insurance Plan offers you a maximum coverage of Rs.3 lakh and ensures protection against emergencies when you’re on a trip.