Most people who own credit cards may be aware of many free-of-cost features that protect their journeys. However, this does not mean that their credit card will provide them the same coverage as a comprehensive travel insurance plan. With lower benefits and card limits, credit cards may fall short during an emergency. Read on to learn more about the extent of these plans.
* Price shown is for a 15 day trip to UK with a 1 lakh dollar coverage for an adult of age 25 years
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* Price shown is for a 15 day trip to UK with a 1 lakh dollar coverage for an adult of age 25 years
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* Price shown is for a 15 day trip to UK with a 1 lakh dollar coverage for an adult of age 25 years
In India, many credit card providers have started offering credit safeguards or credit 'shield'; a type of protection offered to the customers which appear similar to insurance plans. However, not every credit card offers travel insurance plan features. You may want to confirm with your bank's customer care to know if there are any trip protection features offered.
If indeed your credit card has these benefits, you must contact customer care to learn about the exact terms and conditions before beginning your journey. Make sure you ask them the right questions so that there is no misunderstanding later:
If you are not satisfied with their answers, you should definitely go for a trip cover that will meet your requirements.
The most important difference between both is the extent of coverage offered. Especially when it comes to benefits like trip cancellation, pre-existing medical conditions, evacuation coverage, and protecting your co-travelers or dependents; these credit card travel insurance may fall short in front of the standalone trip insurance policies.
Here are some factors to consider to weigh your options:
Please note that different credit cards come with different benefits. It is best to read the fine print to know all the necessary details about their pros and cons.
Now that we have learned the differences between regular plans and credit card travel insurance plans, let’s quickly take a look at some of their best features:
In a Nutshell,
While free-of-cost coverage is more than appealing; you should compare its advantages and disadvantages to see how helpful credit card travel insurance will be for you. You can compare different plans online at Policybazaar.com before making up your mind. Make sure that you are protected against as many eventualities as possible before you pay for those benefits.
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