Explained: The importance of travel insurance in a shrinking world
Travel insurance covers more than just travel expenses, including hospitalization abroad and loss of checked-in baggage. It is a prerequisite for visa issuance in some countries. The premium depends on the country and duration of travel
As the world shrinks, people travel to far-off places for work and pleasure. Travel insurance now assumes greater importance than ever before. Travel insurance is very important especially while you are travelling abroad. Let us discuss what it covers and when one should buy it.