As per a report published in December 2020, the insurance penetration rate in Gulf countries is quite low. Kuwait is the lowest among them with about one per cent penetration rate. Travel insurance is not an exception. It gives a clear sign that the people in the country are reluctant to buy one.
However, travel insurance is crucial for any trip. It offers you a hassle-free experience when you travel for business or pleasure anywhere in the world. There are a wide variety of plans available which can very easily fit into one’s requirement. In this article, let us take a look at some of the benefits of travel insurance.
Medical Expenses and Hospitalization:
Every insurance plan specifies the maximum cover amount for emergency medical expenses including hospitalization abroad which is operative 24 hours. You may also have the option to add personal accidents or liability as a cover in your insurance plan.
To check the covers provided and the guidelines associated with it by the National Life and General Insurance in Kuwait, click here.
Travel Emergencies:
Another amazing benefit of travel insurance is the cover on losses or expenses that occur due to travel emergencies. These may include loss of passport or baggage, medicine delivery, legal expenses incurred and many others.
Trip Itinerary Changes:
It is quite possible for the trip itinerary to change or for it to be cancelled altogether. Health problems, airline booking cancellation, hotel booking cancellation, and many other unforeseen events play a part in it. Though the cover amount varies between various insurance plans, travel insurance in general helps you in covering these expenses.
Conclusion:
Travel insurance minimizes the risk factor and enables you to travel worry-free. More and more people are realizing the value of this insurance and opting for comprehensive plans for themselves and their family. Therefore, make a smart decision – treat your travel insurance as an investment, not a cost.
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