Is Travel Insurance Really Worth It?

To be honest, travel can go sideways quickly. You seem eager, bags ready, boarding pass ready. But suppose your flight is called off at the last minute? Or do you get sick abroad? Travel insurance then becomes rather important.The true question is whether it is worth paying more for something you might not need?

Let us break out the truth.

Really, what is travel insurance?

A financial safety net for unplanned travel-related mishaps is travel insurance. It provides coverage for:

• Medical crises

• Cancellations or interruptions of trips

• Delayed or lost luggage

• Flight delays or missing links

• Emergency mass evacuations

It helps you handle issues without draining your wallet; it does not stop them from arising.

What Is Covered Here?

Usually, a good travel insurance cover consists of:

• Travelling medical expenses overseas

• Cancellations or delays in trips

• Lost or pilfered bags

• 24/7 crisis aid

• Repatriation and evacuation

A must-have in the travel scene of today, many plans now incorporate COVID-19 coverage.

What the Numbers Tell Us

Still unclear? Let us now review some current travel trends:

• According to a 2025 worldwide survey, 50% of travellers—especially younger generations that value flexibility and protection—buy travel insurance.

• Travel insurance quote requests rose by 32% between January and April 2025, evidence of more people understanding its value.

• Still, 70% of passengers encountered disruptions—such as lost bags or delays—while only 42% carried insurance.

• Of those who did, a shockingly 92% said it was worth it and 88% would suggest it to others.

These represent a changing attitude towards safer, more conscientious travel, not only statistics.

How Much Will It Cost You?

Usually, travel insurance runs 4–10% of your whole travel expenses. Therefore, expect to pay between ₹4,000–₹10,000 for coverage if your holiday expenses ₹1,00,000.

Against that, consider:

• Five to ten lakhs for overseas hospital expenses

• Cancellation penalties run from ₹30,000 to ₹60,000

• ₹50,000 in shopping mishaps and lost bags

That little initial outlay could prevent major financial losses.

Who Should Not Ignore Travel Insurance?

• Globally minded travellers

• Older folks or those with medical issues

• Adventurers or those travelling far distances

• Households with children

• Business guests with strict plans

If you belong to any of these groups, skipping travel insurance is like riding without a seatbelt.

When Can You Possibly Skip It?

• Regarding short domestic excursions

• Should your bookings be totally refundable?

• If you already have credit card built-in protection (always check what is covered!)

Still, one accident can make your leisurely vacation a tense and costly experience even for basic excursions.

Is it then really worth it?

Sure—100%. Like a helmet, travel insurance is something you hope you won't need but will be happy you have on hand should something go wrong.

Surprises abound in the world: flight delays, unexpected illness, inclement weather, missing passports. Travel insurance is peace of mind in your pocket, not only a smart idea.

FAQs

1. Does travel insurance apply to every nation?Not all, but some nations—especially in Europe and the Middle East—have it mandated.

2. Does travel insurance cover problems linked to COVID-19?Most contemporary policies do. Just be sure you check the fine print.

3. After my trip is booked, can I purchase travel insurance?Yes. Actually, your coverage is better the earlier you buy it, especially in relation to cancellations.

4. Does it address past medical issues?Some ideas do, usually with extra expense. Always state conditions clearly up front.

5. Should I call off my trip, will I be refunded?If your justification fits the policy's covered reasons—yes, usually up to the whole non-refundable cost.