The tourism sector of India is a major contributor to the country’s GDP. As per the World Travel and Tourism Council, this sector has contributed 9.2% to the GDP of India and also supported 8.1% of the country’s employment in the financial year 2018.
A report indicated that medical tourism in India witnessed around 1,84,298 foreign patients travelling to the country to seek medical treatment. The sector is, therefore, expected to grow at a rate of 6.9% by 2028.
However, India is also prone to road accidents during travel which may lead to life risks or even death. As per a report issued by the Government of India, around 1,46,133 individuals lost their lives in 2015 in road accidents. While you can prevent such incidents only to some extent, a domestic travel insurance scheme can always protect you financially if such things happen.
Why do you need a travel insurance plan?
Several unpredicted incidents may happen while on a trip. A domestic travel insurance policy in India financially assists individuals in managing such situations effortlessly.
Some of such situations are given below:
Accidents are unpredictable, and the treatment can draw out all your savings. Bearing such hefty medical charges, more importantly, at a place away from your home can put a burden on your pocket. To bear such costs strategically during emergencies, you can avail of a domestic travel policy offered at a minimal premium and with several attractive benefits.
A road trip can face various unfortunate incidents like car breakdowns. Finding a garage at an unknown place can be difficult, and the charges may be high too. For financial coverage, you can purchase Pocket Insurance plans like Domestic Holiday Cover offered by Bajaj Finserv at affordable rates.
Cancellation of trips
Sometimes, trips get cancelled due to weather conditions, strikes and various reasons. It causes not only monetary loss but also unnecessary expenses on the return journey. A domestic flight travel insurance plan in India can provide the required financial help during such crises. Also, you get to enjoy a substantial sum assured against a minimal annual premium.
Again, you may get stranded at a hotel or airport without any financial help. These situations can become difficult, especially when you are on solo travelling. Before going for the trip, invest in a customised insurance scheme like solo traveller cover. Besides a high coverage amount, it comes with attractive features like card blocking with one phone call, hotel and travel assistance, etc.
Misplacement of cards
Managing baggage and other essentials at a time can often become difficult during a trip. Travellers and even trekkers often end up losing their wallets containing PAN cards, debit cards, credit cards, etc. This loss can not only cause inconvenience but lead to identity theft, misuse, unauthorised access, financial loss, etc.
Free yourself from all such hassles with the best trek cover insurance policy. Instead of contacting multiple organisations, the insurance policy allows you to block all your essential cards with a single phone call. Additionally, enjoy benefits such as travel and stay assistance, accident cover, etc. against an affordable annual premium.
You can apply for domestic travel insurance online on the official website of your chosen financial institution. Simply fill up an online application form with the required details. Pay your premiums via multiple online payment methods such as credit or debit cards, UPI, net banking, mobile wallets, account transfer, etc.
While purchasing a travel insurance plan, make sure to enquire about the inclusions and exclusions. Avoid issues at the time of claiming. Ensure to read the terms and conditions associated with your insurance policy as well.
Personal liability/Third party cover
While travelling, you may get involved in unfortunate events inflicting damage on third parties, and you may have to bear the costs for the same. For such cases, some travel insurance in India includes a feature called personal liability cover. The feature will cover the cost of damages to third parties.
For example, while availing a self-driven car service in a different city, you may get involved in a car accident. In such a case, the third-party cover of your travel insurance may come to your rescue.
Home burglary and fire accident cover
In case your house is subjected to damages due to burglary or fire accident while you are travelling, the insurance company will pay appropriate compensation for the intense loss.
Apart from the above-mentioned factors, you must also compare insurance plans from different insurance providers in terms of sum assured, pre-existing conditions covered, premium amount and other aspects to choosing the one that best suits your requirement.
For instance, the Domestic Holiday Cover offered by Bajaj Finserv under Pocket Insurance and subscriptions can prove to be extremely helpful to tide over unfortunate circumstances while travelling without any hassles. This plan provides coverage of up to Rs. 3 lakh for a one-time premium payment of Rs. 699 only.
Apart from the features mentioned above, some of the other important aspects of this domestic travel insurance plan include emergency travel assistance, roadside assistance and 24*7 card blocking service.