Should you opt for travel insurance? Here is all you need to know
The Hindu
Experts suggest that travelers may look at the option of taking travel insurance covers considering the potential financial consequences in case of an accident.
The tragic train accident in Odisha has put the spotlight on safety and financial protection for passengers. Experts suggest that travelers may look at the option of taking travel insurance covers considering the potential financial consequences in case of an accident.
The Indian Railway Catering and Tourism Corporation (IRCTC) provides optional travel insurance for Indian citizens booking e-tickets. The premium is 35 paise per passenger inclusive of all taxes. The Travel Insurance Scheme offers death cover of ₹10 lakh. It also provides ₹10 lakh for permanent total disability and ₹7.5 lakh for permanent partial disability.
IRCTC says it only provides linkage to transact with Insurance Company through its website to take insurance cover and the Insurance company is responsible for policy issuance and claims settlement.
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) provides a one-year accidental insurance scheme renewable from year to year offering coverage for death or disability due to accident. It provides an accidental death cum disability cover of ₹2 lakh (₹1 lakh in case of partial disability) for death or disability due to an accident against a premium of ₹20/- per annum.
Depending on variants, the debit and credit cards also offer complementary accidental insurance cover.
“Accidental policies come at nominal prices and yet provide a wholesome coverage. So, it is advised that anyone who gets exposed to risky scenarios on a daily basis should buy one, or at least have a health insurance policy to cover basic hospitalisation costs,” said Naval Goel, founder and CEO, PolicyX.com.
Personal accident health insurance policies provide for medical care in case of these mishaps or pay the pre-decided sum insured to the nominee in case of death, which is known as a death cover, he said.
Flight AI177 will depart Bengaluru at 1.05 p.m. and arrive at London Gatwick at 7.05 p.m. (local time). From London Gatwick, flight AI178 will depart at 8.35 p.m. (local time) and arrive in Bengaluru at 10.50 a.m. (next day arrival). From Bengaluru, the flight will operate on Mondays, Wednesdays, Thursdays, Fridays and Sundays.