Definition of Travel Insurance, Benefits and Examples of the Best Products

Travel insurance is not as popular as education insurance or health insurance. In fact, this type of insurance is very important for those who have high mobility. Like a businessman who regularly travels out of town and abroad. From now on, why don't you understand more about the meaning of travel insurance and other things related to it?

Thinking about travel insurance is certainly not useless and is even recommended for some circles. Apart from business people who have travel schedules out of town, celebrities whose hobby is creating holiday content at tourist spots should start considering this insurance.

It's so important, there's even now Covid-19 travel insurance. You can see the definition of travel insurance, benefits and examples below.

Definition of Travel Insurance

Travel insurance is a type of insurance that is useful for protecting someone every time they travel, both abroad and domestically. People who have high mobility are highly recommended to have this insurance.

So, later it can reduce the financial impact of various kinds of losses that might occur during the trip. Although travel insurance is not mandatory, it is better for those who often travel for business or travel as a hobby.

You can buy it on the spur of the moment before traveling because it is quite flexible. You can even buy airline tickets and travel insurance at the same time.

Benefits of Having Travel Insurance

Before deciding to buy travel insurance, you must consider whether the benefits are worth the costs that must be incurred. If so, please rate yourself the following:

Get Compensation for Cancellation or Delay in Travel

Trips that are suddenly canceled or delayed are definitely upsetting. This spoils the schedule that has been arranged in such a way. Every trip has the risk of experiencing cancellations or delays, it can happen at any time.

Well, this is where the important role of travel insurance is that will compensate if this situation occurs. In general, insurance like this applies to aircraft flight services.

Getting Compensation for Lost or Damaged Baggage

Everyone who has a travel policy is entitled to compensation when their luggage is lost or damaged. It is undeniable, luggage problems are very common. Of course it spoils the moment of the trip and makes it a mess.

Travel insurance allows you to claim for loss.

Death and Accident Compensation

As long as the insurance owner goes on a trip, the company is obliged to pay compensation for the costs of death and accidents that occur. This kind of protection is very beneficial for the head of the family who is responsible for earning the main breadwinner for the family.

If unwanted things happen later, the family will receive the sum insured.

Coverage of Medical Expenses

During a business trip or vacation, you can fall ill at any time. Apart from making you unable to go anywhere, being sick also requires you to pay for treatment. This becomes a serious problem if it requires expensive medical expenses.

However, having travel insurance makes you financially secure. Because medical costs will be borne by the insurance. Travel becomes more comfortable and you don't have to worry about getting sick at any time.

Preventing Financial Loss Due to Other Factors

In addition to the above factors, travel insurance will also cover financial losses caused by riots, terrorism and natural disasters. The insurer is obliged to bear all customer losses, both in terms of financial, mental and physical.

Best Travel Insurance Examples

AXA Mandiri Travel Insurance

You can buy travel insurance from AXA online which is easy and fast. This can be used for foreign and domestic trips. Protection against the risk of damage or loss of baggage, travel delays and reduced trips.

There are two choices for customers, namely AXA SMartTraveller and AXA Domestic Travel.

Zurich

Zurich offers travel insurance products that cover various risks such as travel delays, lost baggage, and death benefits. You can choose the type of Zurich Domestic Travel, Zurich Passport, Zurich Holy Land, Zurich Umrah and Hajj policies.

Allianz Travel Insurance

Allianz has travel insurance that is no less attractive, with coverage covering Pacific & Schengen, Greater Asia and Worldwide. The NewTravelPro product offered by Allianz provides a trip duration of 1-31 days and a maximum of 183 days of travel duration.

Customers can buy sharia or conventional products consisting of AlliSya New TravelPRO, TravelPRO, Group TravelPRO, Annual TravelPRO, and Garuda Indonesia Insurance.

Traveloka Protect

Collaborating with CHUBB, Traveloka creates good flight travel insurance. Traveloka Protect provides protection to customers consisting of:

Medical and medical expenses coverage up to Rp. 500 million

Personal accident coverage up to Rp. 15 millions

Lost baggage coverage up to Rp. 15 millions

Coverage for late departure up to Rp. 7.5 million

Sinar Mas Insurance

Travel insurance product ii provides protection against damage and loss of baggage, personal accident cash compensation, loss of travel documents and deposits, travel delays, medical expenses, and travel delays or cancellations.

You can choose Simas Travel Oversead and Simas Travel Domestic.

Thus the meaning of travel insurance, benefits and examples of the best products.