Invest Policy
No Result
View All Result
Saturday, March 6, 2021
  • Login
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
Subscribe
Invest Policy
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
No Result
View All Result
Invest Policy
No Result
View All Result
Home Insurance

Does credit card travel insurance provide comprehensive coverage?

by InvestPolicy
February 27, 2021
in Insurance
0
credit card travel insurance
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The trend of young professionals and others taking international trips is increasing. Nowadays ordinary people are also taking foreign trips. People are traveling abroad, but they start traveling without any insurance. Most travelers believe that their credit card insurance is sufficient to meet their insurance needs abroad. Travelers do not know much about the exceptions of credit card travel insurance. They rely heavily on their credit card travel insurance and expect the same insurance benefits from this insurance as travel insurance. So through this article we are going to give you information about the effectiveness of credit card travel insurance and its exceptions.

What is covered under Credit Card Travel Insurance??

Credit card travel insurance has many benefits. It mainly covers –

Travel Delay – Flight delays are a common occurrence. If your trip is delayed due to flight or any other reason, it covers food, accommodation and transportation charges.

Deposit on cancellation of journey – Sometimes due to unforeseen events or medical emergencies, we have to cancel our travel plans in compulsion. So, if you cancel your trip, it covers non-cancellation fee and non-refundable fee. Meaning that the amount deposited at the time of booking of the journey which is not refunded even after cancellation of the journey is covered.

Medical emergencies abroad – If you are abroad and you break your hand or you have any kind of infection, then medical expenses incurred abroad will be covered. This will include your medical bills and hospitalization fees.

Equal loss, theft or delay – There is a possibility of loss of baggage in international trips. In such a situation, credit card travel insurance provides cover to compensate for loss of baggage.

Travel Accident Insurance – In this type of insurance, if you have an accident while traveling, then you are compensated for it. If the cardholder dies due to accident or injury, the family member is compensated.

Legal Coverage – If you are held legally responsible for damage to the property of a third party, then travel insurance provides you cover for it.

Keep these things in the mind of credit card travel insurance

You will not be automatically covered – To get insurance coverage on a credit card, you need to know the terms and conditions under which the coverage is offered. You are eligible for insurance only when you pay a large portion of your travel expenses with your credit card.

Inform the bank about your visit – Banks often consider suspicious transactions made through credit cards abroad. If you are traveling abroad, it is advisable to inform your bank about your trip to ensure safety.

This insurance only covers the cardholder –
Travel insurance offered by various credit card issuers mainly covers the cardholder. If you are on a family trip, you will need additional insurance coverage for your family members. In this case you can opt for travel insurance for your family members.

Limited coverage for current diseases –
If you have a disease or you already have some problems, this insurance does not cover all the problems arising due to earlier illness.

Adventure sports are excluded from coverage –
Most insurers do not provide any coverage for accidents or injuries caused by adventure sports and activities.

Limited Coverage – Credit card travel insurance is mainly for short international trips. If you are thinking of taking advantage of this type of insurance, then try not to travel more than a month. Apart from this, additional coverage during the journey is also offered for a limited period only.

How to choose a credit card offering travel insurance?

To choose the best credit card offering travel insurance, compare the credit cards of different banks and institutions on different parameters and then decide. You should evaluate the credit card benefits, features, what is covered and what are the exceptions. If your credit card does not have coverage for a contingency situation, then you should choose another card. You can also call the customer helpline and get information about its benefits etc. and choose a better card for yourself.

  • Trending
  • Comments
  • Latest
MP E Uparjan

MP E Uparjan 2021 | Farmer online registration, mpeuparjan.nic.in portal

February 27, 2021
sukanya-samriddhi-yojana-vs-lic-kanyadan-policy

LIC Kanyadan Policy Vs Sukanya Samriddhi Yojana

March 2, 2021
What is the role of two employees of Wipro in wrong transfer of Rs 6554 crore to Citibank

What is the role of two employees of Wipro in wrong transfer of Rs 6554 crore to Citibank

February 26, 2021
Amazon's logo was being trolled by saying Hitler's face, the company made changes once again after seeing opposition

Amazon’s logo was being trolled as Hitler’s face, the company made changes once again after seeing protest

March 1, 2021
RailTel IPO: Premium falls in gray market, should you still invest?

Nureca’s IPO will open for subscription on February 15, should it subscribe or not? Know the opinion of experts

February 28, 2021
SBI Mutual Fund IPO: The country's largest mutual fund house will bring IPO to raise Rs 7,500 crore, know details

Fino Payments Bank to bring IPO of Rs 1200 crore, support of BPCL, ICICI and Blackstone to the company, know details of IPO

March 5, 2021
Gold Prices Today: 2016 के बाद एक महीने में सबसे अधिक गिरावट के बाद सोना आज संभला, चांदी भी चमकी

Gold entry in Bear Market, experts said – 10 grams gold price may fall to 41,500, know the reason

March 5, 2021
Nifty closed below 15000, Sensex lost 400 points, know the reasons that created pressure on the market

Nifty closed below 15000, Sensex lost 400 points, know the reasons that created pressure on the market

March 5, 2021
Anurag-Taapsee Pannu faces grudge, Phantom Films accuses him of Rs 650 crore tax fraud

Anurag-Taapsee Pannu faces grudge, Phantom Films accuses him of Rs 650 crore tax fraud

March 5, 2021
West Bengal Election: Mamta to sunday in Nandigram from March 9, still doubtful in the name of Suvendu

West Bengal Election: Mamta to sunday in Nandigram from March 9, still doubtful in the name of Suvendu

March 5, 2021

Recent News

SBI Mutual Fund IPO: The country's largest mutual fund house will bring IPO to raise Rs 7,500 crore, know details

Fino Payments Bank to bring IPO of Rs 1200 crore, support of BPCL, ICICI and Blackstone to the company, know details of IPO

March 5, 2021
Gold Prices Today: 2016 के बाद एक महीने में सबसे अधिक गिरावट के बाद सोना आज संभला, चांदी भी चमकी

Gold entry in Bear Market, experts said – 10 grams gold price may fall to 41,500, know the reason

March 5, 2021

Categories

  • Banking
  • Economy
  • Featured
  • Finance
  • General Insurance
  • Health Insurance
  • Insurance
  • Investment Plans
  • Latest News
  • LIC
  • Life Insurance
  • Market
  • Money
  • Mutual Funds
  • Property
  • Scheme
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Invest Policy

InvestPolicy.com is one of the leading companies when it comes to loans and card marketplace. Our main motto is to help our customers in making personal finance decisions easy and convenient as per their comfort.

© 2021 Invest Policy. All Right Reserved.

No Result
View All Result
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
  • About Us
  • Contact Us

© 2021 Invest Policy. All Right Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In