By Mr. Mukesh Kumar, HDFC Ergo
The key eventualities covered under travel insurance are :
** Emergency medical expenses, medical evacuation & repatriation of remains:
The policy helps you cover medical expenses if you become ill or / injured while travelling
overseas.
The policy also provides coverage for medically necessary evacuation & transportation to medical facilities.
** Accidental death and permanent total disability common carrier:
The Insurance company will pay the sum insured specified in the schedule if the insured sustains accidental bodily injury during the course of the journey while travelling in a common carrier such as bus, train & flight, and if such bodily injury results in death or / permanent total disability.
** Flight Delay & Other Travel Events:
The policy compensates to the insured if the aircraft is delayed for more than 12 hours than the original scheduled departure time.
In case of loss of passport, the policy covers the expenses incurred in obtaining a fresh or / new passport.
In case of permanent loss of checked-in baggage or for the purchase of toiletries, clothing & medication due to delay of checkedin baggage for more than 12 hours the insured is paid compensation.
** Personal & Financial Emergency:
In case of theft, pilferage, robbery or / dacoity of the insured's travel funds a fixed amount is paid as emergency assistance up to the limits specified under the policy.
Also, compensation is paid to the 3rd party for damages resulting from death, injury or / damage to health or property caused involuntarily by the insured.
About the author...!
Mr. Mukesh Kumar is Strategy Head at HDFC Ergo.
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