Do You Need International Travel Insurance If You Have Life Insurance?

Security is fundamental in these unreliable times, just like food, clothing, and shelter. Anyone could benefit from protection, whether a person or a product. The uncertain times are one thing you should always appreciate. Never let your confidence in the circumstance grow too high, and always be ready for anything. Life’s uncertain events happen without any invitation from us. You will be left stranded without access to money if you run into trouble in a foreign country.

The main question surrounding travel insurance online is whether a person with a life insurance policy needs to purchase it. Only in the event of passing away is a life insurance policy helpful. What if you get hurt while travelling, your belongings are stolen, your flight is cancelled, or you must abruptly cancel your trip? Do you believe your life insurance will be sufficient in these circumstances?

The True Distinction Between Life Insurance And Travel Insurance

Life insurance is an assurance provided to the policyholder by the insurance company that, in the event of the policyholder’s passing, their designated beneficiary will be eligible to get a specific amount of money. A premium must be paid to receive the benefits of a life insurance policy. It provides support financially for your loved ones while you are away. Some insurance plans also provide coverage for critical illnesses.

However, travel insurance protects you from any potential risks you may encounter while travelling. For example, you or a family member may become ill while travelling. Healthcare is costly in most countries, so if you do not possess insurance, you may have to spend a lot of money on it. This might ruin your trip’s entire budget. Additionally, a travel insurance online policy will protect you if your flight is cancelled, your trip is delayed, or your luggage is lost. *

There are two kinds of travel insurance plans: one is for a single trip, and the other is for multiple trips. If you travel frequently, you must choose a multi-trip policy. A multi-trip policy typically lasts for a full calendar year. As a result, you should avoid comparing a life insurance policy to international travel insurance because the latter only protects you in the event of your passing away. At the same time, the former covers you while you are travelling. *

Some Advantages Of A Travel Insurance Plan Include:*

  • If you get hurt or have an accident while travelling within or outside your country, your medical costs will be covered.
  • You are compensated if you misplace your luggage, valuables, or critical travel documents like a passport.
  • If your justifications are accepted, you will be compensated whether you must cancel a flight, shorten your trip, or both.
  • If the medical facilities at your destination are inadequate, your travel insurance policy may also cover the cost of an air ambulance. *

A travel insurance premium calculator is a convenient tool you may utilise online to check the amount of coverage needed based on your requirements.

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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