Emphasising the need for travel insurance and why it is a must for every journey, CA Krishnan R, Director & CEO, Unimoni Financial Services said, “Travel insurance is the best companion to take along when you embark on a journey inside the country or abroad. It will protect you from unexpected troubles and pitfalls like medical emergencies, trip cancellations, luggage loss, and several other unpleasant events. Policies are available for all kinds of travellers and age-groups such as solo travellers, group travellers, explorers, adventurers, senior citizens, and children.” International Travel Unlike domestic travel, international voyage makes it mandatory to buy travel insurance as you are exploring a foreign land which is generally an unfamiliar territory. It bails you out from all kinds of emergency situations and troubles which can’t be predicted or avoided in normal circumstances. Domestic Travel Insurers cover domestic travel, too, which makes the journey safe, secure and enjoyable. It helps you to overcome unpleasant incidents and circumstances such as emergency hospitalization, loss of luggage, theft, loss of personal belongings/ valuables, and trip cancellations that emerge unexpectedly. Travel insurance policies are of different types: 1) Single Trip Insurance If you go for a single trip, the travel insurance will provide you protection for a certain period of time – normally, from the starting date to the return date. It protects you from things that could go wrong during the trip. These include illness, accidents, blockades, flight cancellation, trip cancellation, baggage loss and more. 2) Multi-Trip Insurance If you are a frequent flyer, especially for business purpose, then multi-trip travel insurance comes handy for you. It helps you save a lot of time, energy and money by combining all …
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