Although travelling is a fantastic activity, it can also be dangerous. And travel insurance has been developed to offer benefits of travel insurance by protecting tourists from specific risks. But it can be challenging to dispel certain myths regarding travel insurance. You may end up spending more money on your vacation than you intended if you are unaware of the risks and hazards that often accompany travel.
The followings are some of the misunderstandings and myths about travel insurance:
Myth 1: For a brief vacation, I don’t need travel insurance.
Truth: Travel insurance is essential if you’re going abroad since it can pay for unexpected expenses like medical emergencies and other unanticipated circumstances that could set you back thousands of dollars. Because many nations have expensive healthcare systems, you should still consider getting travel insurance even if your vacation is only a few days longer!
Myth 2: Nothing unforeseen will occur during my trip
Truth: The idea that “nothing can go wrong on my trip” is among the most prevalent fallacies that tourists genuinely hold true. You may have travelled extensively both domestically and internationally without running across any bad or unexpected situations. However, what damage does being prepared for the worst do? For a variety of minor occurrences, such as missed flights, passport theft, unexpected illness, and trip cancellation due to unforeseen circumstances, Bajaj Allianz travel insurance is necessary. However, important factors can also include leaving a country that is in a state of conflict, a natural disaster, etc. In either case, you run the danger of losing a large quantity of money that was reserved in advance for items like hotel and travel costs.
Myth 3: Only medical costs are covered by travel insurance
Truth: Contrary to popular belief, travel insurance covers far more than just medical costs. A lot of policies cover things like lost luggage, cancellations, delayed flights, and more! Do your homework and select the Bajaj Allianz international travel insurance option for your itinerary and coverage.
Myth 4: My travel expenses are covered by my employer’s policies
No, never! Although your workplace might offer small-group excursions, if you’re an individual traveller, you might not be protected by their policy. If this applies to you, speak with your employer directly to learn more about your options for coverage.
Myth 5: I won’t pay because I can’t afford travel insurance
Although some individuals find it uncomfortable to pay for things they don’t use, it’s crucial to keep in mind that by choosing not to buy travel insurance, you could endanger your life and miss out on valuable benefits like lost baggage coverage or emergency medical evacuation alternatives. There are several reasonably priced solutions on the market right now that can satisfy your needs without breaking the bank!
Myth 6: Travel insurance is only necessary for adrenaline junkies.
Travellers frequently believe that travel insurance is only for persons who want to engage in heart-pounding activities like skydiving, bungee jumping, rock climbing, etc., but this is untrue. Your Bajaj Allianz international travel insurance will defend you from a range of unlucky but frequent occurrences, such as missing your flight, having your bags disappear after you arrive, and having your wallet stolen.
Myth 7: I can wait until you come home to lodge a claim.
Regardless of how long your trip may be, don’t be afraid to contact your insurance provider. You must report any accidents to your insurance provider and the local police within 24 hours of the incident in order to be qualified for a claim. It can often be challenging to receive the money or compensation if you don’t file your claim within a particular period of time.
* Standard T&C Apply
** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.
# Visit the official website of IRDAI for further details.
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
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