According to recent data, the domestic tourism market in India has grown from 220 million in 2000 to 1.82 billion in the year 2018. An increasing number of Indians are going on holiday within India to take a break from their usual busy schedule. Even so, one may encounter unexpected situations like a car breakdown, losing a wallet and other valuables, accidents, and the like. These situations can be very stressful for an individual. A domestic travel insurance plan comes in handy during these situations as they provide the required financial compensation to deal with such issues as and when they arise.
Accordingly, with the emergence of demand in domestic tourism, a number of financial companies are offering domestic travel insurance in India. For instance, Bajaj Finserv offers Pocket Insurance & Subscriptions like the Domestic insurance plan that provides you with substantial and comprehensive financial coverage against a number of mishaps which can happen while you are on holiday within India.
Choosing the best domestic travel insurance plan among all the other existing products in the market is a difficult task. Nevertheless, it would be best if you looked for the following features while availing a domestic holiday cover.
- Monetary aid in case of travel emergencies
- Coverage in case of accidents
- Round the clock card blocking service
1. Monetary aid in case of travel emergencies
Opt for a travel insurance plan that will provide you with substantial financial assistance in case of any emergency while traveling within India. It would help if you also looked for travel insurance policies that offer support such as vehicle repair in case of a car breakdown. However, in case you are going explicitly for a road trip, you can opt for an insurance plan such as a road trip protection.
2. Coverage in case of accidents
When you opt for a domestic travel insurance policy, make sure it comes with financial coverage for –
- Trip cancellation.
- Theft and burglary of your home in your absence.
- Hospital expenses.
- Theft or misplacement of baggage.
3. Round the clock card blocking service
Losing or theft of wallet is a widespread occurrence on vacation. Aside from cash, we also carry other crucial documents in our wallet such as identification like PAN, debit cards, credit cards. When you are opting for a domestic holiday cover, make sure it offers around the clock facility of blocking your card aside from covering the financial expenses incurred while applying for a replacement.
Application and claim procedure.
The online application procedure to avail a domestic travel insurance policy is simple and hassle-free. Follow the steps below to apply quickly –
Step 1: Log in to your insurance provider’s website.
Step 2: Enter the necessary information in the application form.
Step 3: Submit the application form.
Step 4: After submitting the application form, make the payment for the premium. The premium payment can be made via any online payment options such as UPI, net banking, mobile wallets.
To register your claim for emergency assistance, you have to contact your insurance provider as soon as possible after the incident.
If you live in an area where theft and robbery is a frequent occurrence, you might not be able to enjoy a stress-free vacation. In that case, you can purchase an insurance plan like the home protection insurance cover. Such an insurance policy will provide you financial protection against incidents like robbery or burglary or fire causing damage or theft of your valuable belongings and enable help you have a worry-free vacation.
Before availing a domestic travel insurance plan, you must also be aware of basic policy exclusions. It includes misplacement of your valuables while being intoxicated; causing damage to your vehicles by violating traffic rules and others as intimated in the insurance policy.