Myth #1 Travel insurance covers common travel mishaps like baggage misplacement, loss of passport, flight delays and missing connecting flights.
Reality It also covers medical evacuation, dental care, study interruption and reimbursement of costs of round trip of a family member on more than a week’s hospitalisation.
Myth #2 The policy is all about coverage of travel and medical emergencies
Reality Travel insurance plans also cover any personal liability arising out of unintended action of the student. The policy can provide for bail bond and legal expense incurred towards claim from third parties.
Myth #3 Buying it abroad will ensure claims settlement
Reality Indian companies have good claims settlement prospects thanks to established networks abroad of foreign joint venture partners. Indian travel insurance plans are also far cheaper than from those based abroad
Myth #4 The period of coverage is small
Reality The period of coverage can be extended from the minimum of 30 days to 2 years and even more. Multiple trips can be covered during this period.
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