7-key benefits of having travel insurance



Travel Insurance is the assurance to provide protection to you and your family against any unexpected health emergencies or to compensate any losses that you may incur while traveling. This could include stolen luggage or Passport, Some Medical Emergency or the availability of Emergency Cash Services.
The availability and choice for Travel Insurance in Pakistan is based on a few factors such as:
  • Where are you going to travel? Your destination.
  • How are you traveling? Means of Travel.
  • Duration of a trip? How long you are going to stay.
  • Traveling members/or individual. Your companions.
Based on your itinerary, you would be able to choose the best travel insurance policy and minimize your travel risks. Here are the four different types of Travel Insurance Policies that are currently offered by Local Insurance Companies in Pakistan:
  • Student Travel Insurance
  • Umrah/Hajj/Ziarat
  • International Travel Insurance
  • Local Travel Insurance
Each of these insurance policies has their own set of parameters and limitations. They also have their own set of benefits and requirements.
7-KEY BENEFITS TO PICK TRAVEL INSURANCE:
Following are the 7 Key benefits of getting travel insurance coverage before you travel alone or with family:
  1. Emergency Medical Expenses:
In case, there is illness or injury during travel, the insurance company will meet the reasonable cost of hospitalization, surgery and medical fees and pharmaceuticals. Dental emergency up to certain expense will be reimbursed.
  1. Loss of baggage:
The loss of personal possessions that includes loss or stolen baggage is covered and compensated by the Insurance Company according to the described conditions set in the policy.
  1. Accidental Death or Disability:
Death or permanent disability that might be a result of some accident (In some policies; not if you were engaging in some aggressive sports) are covered by Insurance Companies.
  1. Loss of Passport:
Incase travelers lose their passport the cost of obtaining legal visa documents, or duplicate passport is often covered by a Travel Insurance Policy.
  1. Repatriation and Medical Evacuation:
This provides coverage for hospitalization and the cost of expenses used to make necessary arrangements in order to bring the beneficiary accessibility to medical treatment. Medical repatriation is the cost of expense by transferring the beneficiary to their respective home base.
  1. Emergency Cash Services:
In case of emergency where the traveler may require emergency cash, the insurance company will make available any means of delivering that emergency cash to the traveler.

If you are already reviewing various options available for you to get insured before traveling, it’s best to compare them before finalizing one. Travel insurance can be a great way to provide yourself with necessary coverage that can help keep you safe, healthy and protected in a foreign country. In case of emergencies, medical issues, or loss or theft, travel insurance can come in handy. 

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