Words of wisdom, from years of experience.

Travel Insurance Explained

Why travel insurance?

A better question is, why not? Travel insurance costs a miniscule fraction of the total money you would spend on the other parts of your trip like travel and lodging.

Consider this: a 14-day Europe trip, however early and well you plan it, will cost you around Rs. 2 lakh. A travel insurance policy to safeguard this trip would cost you around Rs. 1500.

That’s 0.75% of your total cost of trip! Now let’s consider the benefits of your 0.75%-costing-travel-insurance, should any emergency come up during your 2 week stay in Europe.

Your travel insurance will have you covered for up to Rs. 5,00,000 in medical expenses, Rs. 3,00,000 set aside in case your home back in India gets burgled while you’re away, another Rs. 2,00,000 for personal liabilities, and then some more, for smaller nuisances like trip delays and baggage losses.

So travel insurance worth 0.75% of your trip, covers you for more than 500% of your total trip expense.

Sounds good, but realistically will so many things go wrong during my travel?

We’d be out of business if they didn’t, so trust us when we say it. We help millions of travellers around the world in all kinds of trouble.

Some have lost their bags, and with it, vital medicines that don’t have easily available substitutes in many countries. Some miss connecting flights and get stranded at airports of countries for which they don’t have a visa. Some others find out for the first time that they’re allergic to some local food of the country they’re visiting. While some meet the wrath of mother nature.

Okay last question, I’m financially well off. Do I still need travel insurance?

Yes. Travel insurance, or at least travel insurance with Allianz Global Assistance – isn’t just about getting reimbursed. It’s about having someone to assist you out of a situation. Someone who knows what they’re doing because they’ve been doing it for years.

For all the examples of things that can go wrong mentioned above, having a great travel insurance policy entitles you to 24x7 travel assistance. You need someone who will always be on call, understands your situation, informs the right authorities on your behalf, and either gets you to the right people, or gets the right people to you.

So to summarize, travel insurance comes for 0.75% of your total trip expense, covers you for more than 500% of your total trip expense in a variety of unforeseen circumstances, and if it’s travel insurance by Allianz Global Assistance, it entitles you to 24x7 world-class assistance services anywhere in the world.