The trend of domestic and international travel has increased in the country for the last two-three years. Due to this, the demand for travel insurance is increasing. Recently, many flights were delayed or had to be cancelled due to bomb threats. In situations like flight delays, as per the instructions of the Directorate General of Civil Aviation (DGCA), the concerned airlines have to arrange for food, alternative flight or full ticket refund. However, this relief does not apply when the delay is due to extraordinary events, such as bomb threat, which is beyond the control of the airline. This means that if the journey is cancelled due to bomb threat, the airline will not compensate for the loss. In such a situation, travel insurance can provide relief. Mainly international passengers can claim a refund for delay or flight diversion due to bomb threat based on the terms of the travel insurance policy. Coverage up to Rs 4 lakh in international travel insurance
International travel policies often come with big compensation. Trip delay coverage can range from Rs 4200 to Rs 84 thousand. Insurance companies provide coverage of up to Rs 4 lakh for hotel stay in case of emergency. Apart from this, they also offer an allowance of Rs 10,500 per day in case of getting stranded on the way. However, this coverage depends on the policy and the insurance company. Premium up to 10% of the travel expenses
The premium of travel insurance is 4-10% of the travel expenses. It depends on many things like destination, coverage, age of the covered person, insurance company etc.
