If you are planning to travel abroad and are confused about whether you should buy travel insurance or not, then you are at the right place. This article will help you evaluate all the factors before you consider investing money in the best travel insurance.
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Travel Insurance policy is a mandatory document in 34 countries including Cuba, the USA, UAE, and the group of 26 Schengen countries, Ecuador and Galapagos Islands, Antarctica, Qatar, Russia and Turkey. These countries have made it compulsory for international travellers to carry valid insurance documents when visiting their country in order to prevent foreign nationals from ending up in a financial crisis due to unforeseen accidents, medical emergencies, or even loss/theft of luggage.
For the rest of the world, buying travel insurance before you go for Visa approval is not compulsory, but it is not recommended to travel without one reason being:
Apart from the countries where travel insurance is mandatory, there are many other countries with a very high cost of living including medical treatment bills that can cost as much as your entire travel budget.
Under such circumstances, you would not want to end up in an uncertain situation that leaves you stranded on international boundaries. In such cases, travel insurance helps cover you with:
Everyone wishes for a perfect trip that can offer great experiences. No matter how meticulously we plan our trip; there are still a lot of unforeseen mishaps that can come across during your trip. This makes one feel extremely vulnerable on foreign boundaries.
This is where travel insurance comes into need offering 24x7 customer support for hassle-free claims, ensuring that one can enjoy a stress-free vacation and leave the ‘what ifs’ of uncertain situations to their best friend.
The Insurer will compensate you for medical bills arising due to emergency medical treatment or evacuation to your home country. This is one of the most important benefits as the cost of medical treatments on international soil is 3-5 times more than what is offered in India, hence even a less than 24-hour stay might turn out to be expensive on your pocket. Comprehensive travel insurance not only covers life-threatening medical situations but also minor expenses that you would incur as a patient.
All of this is done on a cashless basis, saving you from leaking expensive foreign currency for your medical emergency. In addition to all this, medical coverage, at times, also includes continued treatment in your home country once you return.
Travel insurance is certainly not mandatory everywhere, so make sure that you check with the embassy for the requirement before you go in for Visa approval.
In case the country you are going to visit does not mandatorily require you to furnish a travel insurance document, we will still strongly suggest you invest in one before leaving for your favorite vacation because of the many benefits it comes with, ensuring that you experience a safe, secure and stress-free vacation.
Investing in travel insurance certainly comes with a host of benefits, however, whether you are buying domestic travel insurance or international travel insurance, make sure that you thoroughly check and compare all the benefits offered by multiple insurance companies and then buy the best travel insurance for your next trip.