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When should you buy Travel Insurance?

If you’ve ever planned an international trip, you’ve probably wondered: “Should I buy travel insurance right before I leave, or now?”


It’s a simple question, but an important one.


The Short Answer:

You can buy your travel insurance anytime before your trip begins. Your premium is calculated based on:


  • The start and end dates of your travel

  • Your destination

  • Your age

  • The coverage amount you choose


Even if you purchase your policy a month in advance, the cost won’t increase  because what truly matters is the number of days you’re covered, not when you buy it.


Why It’s Non-Negotiable

Medical expenses abroad can be 5–10 times higher than in India.


A minor accident or emergency room visit can easily cost over ₹5–10 lakh in countries like the US, UK, or Japan.


For context, a week-long hospital stay in the US can exceed ₹25–30 lakh, depending on treatment.


Travel insurance ensures that an unexpected medical bill doesn’t become a financial crisis - especially when you’re far from home.


What if nothing happens?

That’s the point and the beauty of insurance.


You pay a small amount for peace of mind, knowing you’re protected against big risks. If nothing happens, you don’t get your premium back  but you’ve still bought security, not speculation.


Unlike investment-linked plans, travel insurance is pure protection not an investment product.


Travel insurance infographic by Karyam explains choosing policies for trips, highlights importance, and influences on premiums. Features a passport.

What does it cost?

For a traveler under 40, a week-long trip to a country like Japan might cost as little as ₹700–₹1,300, depending on coverage and add-ons.


For travelers above 50 or 55, premiums can range from ₹20,000–₹50,000, especially for higher coverage (like $5 lakh USD protection).


That’s a small price for the peace of mind of knowing you’re financially protected if something goes wrong thousands of miles from home.



Why it matters more than ever

A 2024 survey by Policybazaar showed that 74% of Indian travelers now buy travel insurance, up from 56% before COVID-19.


Yet, many still buy it at the last minute, missing out on important pre-departure benefits such as:


  • Trip cancellation or delay coverage

  • Loss of passport or baggage protection

  • Emergency evacuation coverage


Buying your policy early ensures you’re protected even before you board your flight.


The Bottom Line


Travel insurance is one of those things you hope you never need, but you’ll be grateful for when life surprises you.


It’s a small cost for big peace of mind.


So if you’re planning your next international trip, remember:Book your tickets, pack your bags, and buy your travel insurance early.

Your journey deserves to be worry-free.



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