“TRAVEL INSURANCE: DON’T HESITATE TO BUY”

Author Name : Dr. Ashok S. Banne
Volume : II, Issue :I,September - 2016
Published on : 2016-09-26 , By : IRJI Publication

Abstract :

Insurance has become an integral part of our life. It helps to transfer the financial risks. With the increasing levels of income the trend to travel abroad is increasing in India, especially after reforms. The reasons are education, business, holiday tour etc. The travel as well as the stay is also full of uncertainties. Travel Insurance provides cover for different risks in travel and stay. Travel Insurance cover is available for domestic as well as international travel. The Travel Insurance Policy provides cover trip cancellation, medical expenses etc. It always recommended to the traveller to buy a Travel Insurance Policy before beginning of the journey. A person may buy a Travel Insurance Policy depending upon his needs covering single trip or multi-trip, family/joint taking into account his needs, age, medical conditions etc. Exclusions and the other conditions are the important factors to be considered while buying Travel Insurance.