Air Travel Insurance: You can get insurance worth Rs 1 crore for just Rs 10

After the Ahmedabad plane crash, concerns about the safety of air travel and passenger insurance have increased again. In the midst of such untoward incidents, the role of travel insurance becomes a necessity, not an option. Many people are questioning whether insurance should be made mandatory. Experts believe that the time has come for passengers to take insurance seriously. Instead of waiting for government rules, individuals should take the initiative to secure proper coverage on their own.

Flight accident insurance is a type of insurance that provides financial support to the passenger or his family in case of an accident during air travel. It covers situations like death, serious injury or disability. Flight accident insurance is not very expensive. It ranges from Rs 10 to Rs 500 per day. It depends on the distance of travel, destination and insurance cover.

It is important to buy insurance in advance

A travel insurance policy should be purchased before traveling. Travelers can also include benefits ranging from cancellation of travel plans to visa fee return benefits, which are usually not available when buying insurance at the last minute. Travel insurance is not just for a single country, but for the entire region. If you buy a policy for a region like South-East, it will cover many destinations in that region, including Thailand, Bali and other nearby countries.

Accidents like the recent Air India accident are unpredictable. In such a situation, insurance acts as a financial security cover for the passengers and their families. This insurance becomes a financial support in times of crisis. If you travel by air, then definitely take flight accident insurance. This small investment can provide great protection. Especially when the unexpected can happen at any time.

The most expensive claim till date

The plane crash in Ahmedabad may be the most expensive plane crash in India till date. An insurance claim of about Rs 1500 crore is being estimated in this plane crash. Tata AIG was the main company of this insurance policy. Other companies like New India Assurance also participated in it. This aircraft was insured in the London market. This is called global reinsurance programme. In this, most of the risk is given to foreign insurance companies.