What is travel insurance?
Some individuals love to travel on a frequent basis while few working professionals are bound to go on important overseas business trips. However, an unanticipated event can coerce you to cancel the trip causing a substantial financial damage. A smart travel insurance plan can put a full stop on all these potential risks. In the event of a medical emergency, your insurer would cover all your healthcare expenses. Likewise, you would be getting cash benefits in case your baggage gets stolen or misplaced.
Types of Travel Insurance
Insurance companies generally provide the following types of travel insurance policies based on the type and frequency of trips.
Single Trip Travel Insurance
It would be absolutely perfectly for those who have the habit of going on a single domestic or overseas trip every year. As soon you as you return, the validity of the policy expires. So you have to renew the travel plan annually.
Annual Multi-trip Travel Insurance
Frequent travelers need to opt for a multi-trip travel insurance scheme which covers both domestic and international trips.
Student Travel Insurance
Students moving abroad for further education have to mandatorily purchase a travel insurance plan to cover medical expenses as well as other risks. While studying in an international university, there could be possibilities of a health problem, loss of sponsorship or a family emergency back home.
Benefits of Travel Insurance
Travel insurance is designed in such a way that your unexpected expenses get covered through a cashless facility. The most common risks a standard travel insurance policy covers are listed below:
- Medical costs, including hospitalization, ambulance charges, and pharmaceutical drugs
- Trip interruption and cancellation
- Lost Baggage and passport
- Flight Delay
- Accidental injury or death
- Emergency evacuation
Why Compare Travel Insurance at GIBL?
If you do want to make a dent in your pocket then immediately purchase a travel insurance cover. GIBL ensures that you are able to meet the emergency expenses by providing an array of travel insurance plans at a competitive price. We offer you the most suitable travel insurance program at an optimum premium. Our services are free and our comparison site always gives unbiased results.