Investments

Travel insurance is a plan that protects against financial losses and risks that can occur while traveling. It can cover a range of losses, from minor to serious:

• Minor losses: Delayed luggage, missed airline connections
• Serious losses: Last-minute trip cancellation, medical emergency overseas, injuries, major illness

The main types of travel insurance include:

• Trip cancellation or interruption coverage: Covers prepaid, nonrefundable reservations, such as flights, hotels, and other bookings. The covered amount is usually 100% of the total trip cost.
• Baggage and personal effects coverage: Covers lost luggage
• Medical expense coverage: Covers emergency medical or healthcare expenses incurred while you are vacationing abroad
• Accidental death or flight accident coverage: Covers accidental death or flight accidents
• Baggage delay coverage: Covers a set amount of money per person per day when your bags are delayed over 12 to 24 hours

Travel insurance is usually taken from the day of travel till the time the traveler reaches back to India.