Travel Insurance in a nutshell

-


 


FInvesTree: Riya are you planning to go abroad?

Riya: Yes

  1. Passport - DONE
  2. Visa - DONE
  3. Finally, the travel itinerary - DONE
  4. Shopping list - DONE

FInvesTree: What about Travel Insurance?

Riya: NOOO, what is travel insurance?


FInvesTree: Travel insurance is an insurance product for covering unforeseen losses incurred while traveling, either internationally or domestically.

While traveling overseas, basic policies generally only cover emergency medical expenses. Comprehensive policies typically include coverage for medical expenses, trip cancellation, lost luggage, flight delays, public liability, and other costs.

Riya: Oh, I did not knew that. Thanks for letting me know. Does it cover "Medical benefits" while travelling abroad?

FInvesTree: Yes, One of the main reasons for opting for Travel Insurance is to compensate against accident or medical treatment costs that may incur during travel. In case of any accident, dental treatment or medical treatment, expenses up to the limit specified in the insurance policy are reimbursed by the insurance company. Some insurance companies have a network of hospitals in different countries through which cashless treatment can be done. The Travel Insurance company also provides help to ensure the insured person doesn’t have any problems. This is one of the biggest Travel Insurance benefits.

Riya: Great, tell me more about it.

FInvesTree: "Personal liability" is coverage against damage caused by the insured to a third person. During travel, especially international travel, if by any chance you cause any damage to a third person who has to be compensated, this part of Travel Insurance will provide compensation. Third-party liability can be for damage to property or to a person. This personal liability coverage might differ from product to product.

Riya: Can you tell me 10 benefits of travel insurance ?

FInvesTree: Sure, here are the benefits and protection you get if you do travel insurance while traveling abroad.

  1. Overseas emergency medical and hospital costs
  2. Trip cancellation
  3. Passport Loss
  4. Lost luggage
  5. Flight delays
  6. Public liability
  7. Accidental death
  8. Permanent disability
  9. Loss of income
  10. Theft of cash, travelers cheques and travel documents

Riya: Oh, really! thanks for sharing. I want to buy it, who can help me?

FInvesTree: For more detail or assistance, feel free to contact us

+91 93997 98706

services@finvestree.com

www.finvestree.com 

Location: Indore, Madhya Pradesh, India

Comments

Post a Comment

Popular posts from this blog

Interim Budget 2024 Highlights

-
Image
Interim Budget 2024 Highlights   The budget started on a positive note, highlighting the measures taken by the govt. over the last 10 years to develop various sectors of the economy; FM emphasised govt’s priority to support the rural economy & empower 4 segments of India’s population: the poor, women, youth & farmers;  Policy priority is to provide training for MSMEs to compete globally; Govt. will encourage cervical cancer vaccination for girls in the age group of 9-14 years; Govt to bring maternal, child care health schemes under one comprehensive scheme; Govt. will help housing for the middles class, living in rented or slums or unauthorised colonies to build or buy their own houses; 2 Cr more houses will be built under PM AAWAS YOJNA in next 5 years; Govt. to double the exports to ₹1L Cr leading to generation of 5 lakh new jobs; The capex target of FY25 has been set at ₹11.1L Cr, up by 11.1%. Though as per CRISIL, this higher capex is lower than what has been the r...
Read more

Government Securities Mutual Funds

-
Image
  Government Securities Mutual Funds Government Securities Mutual Funds also known as Gilt Funds, are mutual funds that invest in government securities issued by the Central or State government. These securities are considered to be the safest debt instruments as they are backed by the government's full faith and credit. Here are some of the features of Government Securities Mutual Funds: Low Risk: Gilt funds invest in government securities that have a low credit risk as they are backed by the government. This makes them a suitable investment option for risk-averse investors who are looking for stable returns. Predictable Returns: Gilt funds offer predictable returns as the interest rate on government securities is fixed, and the returns are not dependent on market conditions. High Liquidity: Gilt funds offer high liquidity as the government securities have an active secondary market, and investors can sell their units at any time. Interest Rate Risk: Gilt funds are exposed to inte...
Read more

Target Maturity Funds

-
Image
  Target Maturity Funds Target maturity funds are a type of mutual fund that invests in debt securities with a specific maturity date. These funds are designed to provide investors with a fixed income stream that matures on a pre-determined date, known as the target maturity date. Target maturity plans typically invest in fixed-income securities such as bonds, money market instruments, and other debt securities that mature around the target maturity date. As the target maturity date approaches, the fund's investments are gradually shifted towards cash and cash equivalents, ensuring that the fund has sufficient liquidity to return the invested capital to its investors. Like other mutual funds, target maturity plans are regulated by the Securities and Exchange Board of India (SEBI) and are offered by many asset management companies (AMCs) in India. They are a popular investment option for conservative investors who are looking for a steady and predictable source of income with relati...
Read more