With the festive and travel season in full swing, trips abroad have already been planned by many. While there is lot of excitement about the family outing, the annual vacation or just a few days away from the city hustle and bustle, most people tend to forget to secure their vacation against the possible travel eventualities like emergency hospitalization in a foreign land, loss of important documents like passport, loss of baggage and the like.
HDFC ERGO General Insurance offers a simple and convenient way to secure oneself against these travel risks. It is so convenient that you can even buy the insurance plan on your way to the airport. One can buy the travel policy online from www.hdfcergo.com, enter the details and the policy is issued.
HDFC ERGO has invested substantially on developing its technology platform and is utilizing it extensively to ensure highest levels of customer convenience. In fact, over the past year, HDFC ERGO has seen a substantial increase in the online sale of policies.
HDFC ERGO Travel Insurance provides you and your family cover against medical emergencies and financial emergencies like baggage loss, passport loss, flight delays and cancellations etc.
Karan Chopra, Head Retail Business, HDFC ERGO, says that, "Customers are finding it convenient to explore details of destinations, flights, hotels and places of interest online, and also to purchase tickets or make bookings online. Today it is possible to spend a few extra minutes and purchase a travel insurance policy online as well. A travel insurance policy ensures complete peace of mind and allows customers to enjoy the travel experience fully, with the assurance of support being available in a foreign land in case of unforeseen eventualities."
Every year over 4.5mn people travel abroad but the awareness about buying the travel insurance is very low. Till date, the current penetration for travel insurance of the total population traveling abroad is only 10 %,( Note: Source to be mentioned) which shows that very few people opt/ buy travel insurance while traveling overseas. The need for travel insurance is large and as demand is growing rapidly.
Outbound travelers are opting for travel insurance due to the following reasons:
- Travel insurance is a mandatory requirement for granting of visa to foreign countries.
- Consumers' apprehension about unforeseen medical expenses during overseas travel. Travel insurance also covers many other unforeseen eventualities.
