Know the basic features of travel insuranceTravel insurance is a new entrant in Indian insurance market. Although it is not very popular, it is absolutely necessary at the time of foreign travel. Travel insurance cover is usually limited to the duration of the travel. However, some insurance companies may offer various compensation of protection to address specific needs of customers. We must know the following important features of travel insurance:-
(a) Trip cancellation caused due to illness of the covered people, is covered by the policy.
(b) It covers the medical expenses, if any, during travel.
(c) Travel insurance also covers theft at the time of travelling.
(d) Emergency evacuation, if required due to natural calamities or terror activities, is covered.