A travel insurance plan can compensate for the financial loss to a certain extent
It is a wonderful experience, vacationing with your dear ones. But what if in between your luggage gets misplaced by the airlines crew? We all know of the recent terrorist blast in Sri Lanka, where during the Easter mass, the people in the Church were gunned downwhere 30 tourists lost their lives and 30 more were severly injured. No.. these incidents are not being pointed out to inculcate fear, but simply to remind you that one never knows when he or she will be in such grave situations.
There are various risks, a person is exposed to while travelling, right from trip cancellation due to inclement weather condition, delay or loss of checked-in baggage to occurrence of a medical emergency while getting acclimatised to the climatic conditions of the country of travel. The very nature of these risks is unpredictable and if a person does not have adequate travel insurance, they can be caught unaware in an unknown country with no guidance.
Travel insurance usually covers medical expenses in case of emergency hospitalisation, accidents, medical evacuation, repatriation of mortal remains, flight delay or cancellation, loss of checked in baggage, loss of passport and trip cancellation. Most policies are designed to cover the costs and losses associated with unexpected events incurred to protect travellers from financial loss before or during their trip.
Sasikumar Adidamu, Chief Technical Officer, Bajaj Allianz General Insurance said, “People seldom think that things may go wrong, which can jeopardise all their plans. Travel insurance is a must on the list when travelling as it is the smartest tool that safeguards you and your loved ones.” Proper planning is required regardless of a tight budget or a luxurious family holiday. Unforeseen circumstances could happen anywhere and any time, burning a big hole in the pocket. A travel insurance plan can compensate for the financial loss to a certain extent.
هذه القصة مأخوذة من طبعة July 2019 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 2019 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Stay Ahead Of AI-Powered Cyber Fraud
AI has become an integral part of our lives, right from customer service at banks to insurance claims. But it has now become a powerful arsenal for the fraudsters too who are increasingly using AI to scam individuals and corporations alike to commit fraud. The key is to stay vigilant
Travelling To Europe? Pack In The Essential Covers
Smart travellers must know that insurance is a must-have. From essential health coverage to theft protection and trip interruptions, know what you need for a worry-free Europe trip
How To Spend Wisely This Year-End
We all spend during the year-end. But the trick is not to overspend or borrow, either from friends, or your own investment, to fund your indulgence. Maintaining balance is the key
Travel Now Pay Later (TNPL)
Travel now, pay later (TNPL) is a close cousin of the more popular buy now, pay later (BNPL) schemes.
12 Books Devina Mehra Loved Reading In 2024
Listing books of her choice, among the ones she reads during the year, is ace investor Devina Mehra's favourite year-end activity. She says it's a daunting task to pick around 12 books from a list of 50.
Here's How To Avail Of Ayushman Bharat Yojana
Launched in 2018, the Ayushman Bharat Yojana aimed to provide health coverage to targeted benefi ciaries from the Socio-Economic Caste Census (SECC) 2011, based on deprivation and occupational criteria.
'Focus On The Business, Assess If You Want To Be A Partner For 10-20 Years'
Professor Sanjay Bakshi, a value investor, behavioural economist and adjunct professor at Flame University, Pune, gives his unique perspective on how to choose a stock, in an interview with Nidhi Sinha, editor, Outlook Money, as part of the Wealth Wizards series. He also shares his learnings from role models Warren Buffett, Charlie Munger, Benjamin Graham and others, and how being a chartered accountant, economist, investor and teacher make him into what he is today. Edited excerpts from the interview
The New Trump Card For IT, Pharma
Donald Trump has been re-elected as the 47th President of the US after a gap of four years. Here's how it will affect the Indian markets and how it will benefit sectors such as IT, pharma, export-oriented sectors and others
European Sojourn
Tight on budget? Dump the popular European destinations for the little-known wonders that are equally attractive
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.