Delhi terminal roof collapse: Here's all you need to know about travel insurance

All about travel insurance: The recent collapse of the roof at the Delhi terminal highlights the unpredictable nature of travel incidents. While accidents are unforeseeable, having suitable insurance coverage can provide crucial assistance in such situations.

Whether you're planning a domestic or international trip, having the right insurance coverage can mitigate unforeseen risks, say experts.

"Travel insurance isn't just about flight disruptions; it provides comprehensive coverage for unexpected incidents during your journey. From flight delays to personal accidents, it safeguards you in various scenarios," said Vivek Chaturvedi, CMO, Go Digit General Insurance

Here’s everything you need to know about choosing and claiming on comprehensive travel insurance policies:

Why travel insurance matters

Travel insurance acts as a safety net, especially in unpredictable situations like natural disasters or accidents. It covers medical emergencies, trip cancellations, baggage loss, and more, ensuring you travel with peace of mind.

How to choose the right policy

When choosing the optimal travel insurance plan, several critical factors should be taken into account. Firstly, prioritise coverage that includes essential aspects like medical expenses, trip cancellations, baggage loss, and emergency evacuation.

Secondly, comparing plans from various insurers is crucial to finding the best balance between coverage and premiums tailored to your specific travel needs.

Additionally, it's advisable to review customer feedback, as well as the claim settlement ratios of insurers, to gauge their reliability and customer satisfaction.

Lastly, opt for policies with minimal deductibles and comprehensive coverage options to ensure thorough protection throughout your journey.

Top travel insurance picks for 2024

Here are the top picks for the best travel insurance, recommended by Arpit Suri, a personal finance expert and CA, drawing insights from ClearTax and Groww.

Tata AIG Travel Insurance: Provides coverage for cancellation, medical expenses, and unforeseen circumstances for single-trip and multi-trip international trips.

Apollo Munich Travel Insurance: Covers luggage claims, medical expenses, and cancellations, with plans suitable for individuals, senior citizens, and families, including an annual multi-trip option.

Religare Travel Insurance: Offers coverage for loss of passport, cancellation, home burglary insurance, and medical expenses, ensuring comprehensive protection during travel.

Bajaj Allianz Travel Insurance: Includes Covid-19 coverage, medical assistance, and cancellation benefits, along with support for travel via public and private vehicles.

HDFC ERGO Travel Insurance: Features daily cash allowance for emergencies, theft and luggage coverage, emergency dental expenses, and comprehensive medical coverage.

How to make a claim?

In the unfortunate event of an incident, it's crucial to promptly inform your insurance provider. Start by notifying them immediately about the details of the incident.

Documenting everything related to the incident is essential; keep receipts, reports, and any other pertinent documentation safe.

Next, ensure you accurately fill out the claim form provided by your insurer and submit it along with all required documents. Throughout the process, stay in touch with your insurer to receive updates on the status of your claim.

Following these steps diligently can help streamline the claims process and ensure you receive the necessary support during a challenging time.