A hassle-free travel assistance and insurance that you can buy now in just 2 minutes!

So, what exactly is travel insurance? To put it briefly, it is a safety net that saves you from exigencies while you travel. Now let’s dive into what can constitute a travel exigency. A travel exigency can range anywhere from lost baggage, trip cancellation/ interruption to medical emergencies, and travel insurance protects you in such trivial conditions when you are in a foreign land, trying to fend off these situations on your own.

According to Global Market Insights, the travel insurance market size exceeded USD 15 billion in 2020 and is projected to grow at over 11% CAGR from 2021 to 2027. But why are we seeing sudden exponential growth in the travel insurance industry? Well, the main contributor can be attributed to COVID but another key reason is that people have become more sensitized around the idea of safety now more than ever.

But do you really need it?
The United States of America has one the most expensive healthcare system in any country. On average, a medical consultation with a general practitioner costs $190 or around €170. A hospital stay can result in bills amounting to tens or even hundreds of thousands of dollars. So instead of exhausting your hard earned savings on unforeseen emergencies while travelling, save the trouble and invest in travel assistance & insurance ahead of time.

Furthermore, travel insurance is an essential part of your journey but is not mandated everywhere. However, some countries are ahead in this spectrum and have legally mandated travel insurance to avail visa while travelling to a particular country. Refer to the list below to know which countries have mandated travel insurance.

Travel Insurance is a lot like a glass sandal; one shoe may not fit all!
Customization is the need of the hour, and when we can get anything and everything customized in today’s world, then why not travel insurance? Furthermore, with the changing travel landscapes insurers are now coming up with highly sought-after new-age covers such as Gadget protection, debit/credit card protection etc to ensure their customer a holistic travel experience.

What some Industry pioneers have to say?
“Falling sick during your travel could ruin your entire trip and affect your budget,” said Rakesh Goyal, director of Probus Insurance Broker.

“Travel insurance is a must as it offers protection against sudden additional expenses you may incur, especially during overseas travel. Medical assistance/treatments abroad are costly, and a travel insurance policy covers those expensive costs. Apart from covering medical emergencies, it also provides emergency financial assistance if you get mugged or face theft or burglary on foreign trips,” says Rakesh Jain, CEO of Reliance General Insurance.

Vivek Chaturvedi, Head of Direct Sales and Chief Marketing Officer, at Digit Insurance said, “Trip cancellation, and flight cancellations and delays have always been leading causes for travel claims. Events such as bad climatic conditions, change in travel plans and on-time performance of airlines, among other causes can affect travel plans. Before COVID-19, travel insurance was not looked at seriously, especially by domestic travellers. However, more Indians are now buying travel insurance to ensure unforeseen hiccups don’t disrupt their itineraries. “

Why should you choose Asego Travel Assistance & Insurance?

There are numerous companies offering travel assistance and insurance in India, so why should you opt for Asego’s travel assistance and insurance? Well, here’s why.

Travel insurance has now moved from being a mere pre-requisite to one of the most essential elements when it comes to travel. Invest in travel insurance, so you don’t lose out on those little or big moments you would like to savour for a lifetime!