Railway & Its Travel Insurance- 75 Percent Success Rate
As compared to life insurance and health insurance, there are limited buyers for travel insurance. As per a recent report by the Insurance Regulatory and Development Authority of India (IRDAI), in the fiscal year 2014-15, only 1.4 million domestic travel insurance plans were issued in India. Travel Insurance is often neglected by people! But its significance is only realized after mishaps like train accidents, flight accidents happen. But why do most people wait for something wrong to happen and then realize that they should have taken the travel insurance cover?
As discussed above, often people don’t buy travel cover. And the ones, who buy travel insurance, don’t buy adequate coverage. They cover themselves for matters pertaining to baggage loss and flight/train delays.
Insu...