Currently, with geopolitical tensions all the world over, travel comes with more risk. In such a scenario, it might make sense to stay additionally protected when you are traveling. And that is where premium travel insurance policies come in.
Additional Peace Of Mind With Premium Travel Insurance
A premium travel insurance policy usually means a comprehensive travel insurance policy. In contrast with a standard travel insurance policy, it offers more coverage. Basic travel insurance provides a limited sum insured with coverages like medical evacuation, emergency medical expenses, delay of luggage, total loss of luggage, personal accident, trip delay, and visa cancellation with a Rs one to three lakh sum insured only.
“A comprehensive insurance plan offers a higher sum insured with all the covers mentioned above, along with total loss of checked baggage, missed connection, home burglary, adventure sports coverage (add-on), personal liability, emergency evacuation, and much more. With more sum insured, it provides higher coverage in unfortunate times of need. Especially when travelling abroad, it is important to have a sufficient sum insured based on the number of people travelling,” says Bhaskar Nerurkar, head, health administration team, Bajaj Allianz General Insurance.
If you’re going on a long, expensive trip or to a country where medical costs are high, like the US or parts of Europe, a premium plan is worth considering. It’s also ideal for people travelling with kids, senior citizens, or with tight schedules, like business travellers. “Frequent flyers or those doing adventure activities should definitely look into it. The added cost makes sense when you realise how much it could save you if things go wrong. Think of it as a safety net for high-stakes travel,” says Sarita Joshi, head, health and life insurance, Probus.
