Why Do You Need Travel Insurance?

Travel insurance in Bangladesh is a relatively new concept but has been gaining momentum as the global travel industry expands. It offers protection to travelers by covering unexpected events or emergencies during trips abroad.

As more people travel internationally for leisure, education, and business, the need for security and protection against travel-related risks has become more apparent. These insurance policies typically cover hospitalization coverage.

In this blog, we will cover the key benefits of travel insurance, why it’s essential for international travel, and how it can provide you with peace of mind on your journeys.

What is Travel Insurance?

Travel insurance is a type of coverage designed to protect travelers from unexpected events and financial losses during their trips. It provides compensation for unforeseen incidents such as medical emergencies.

This safety net ensures that travelers can manage risks and avoid significant financial burdens while traveling, making it an essential part of planning any international or domestic journey.

Who Needs Travel Insurance?

Are you a travel lover? Then travel insurance is essential for you. Whether you’re traveling for tourism, business, employment, or studies it provides vital protection against unexpected events.

From occasional travelers to frequent globetrotters, anyone venturing abroad can benefit from the financial security and peace of mind that travel insurance offers.

Benefits of Travel Insurance for Travelers

Traveling is thrilling but unpredictable, and unforeseen events can result in significant financial losses. Travel insurance safeguards against risks like hospitalization. With the right company, you can protect your financial losses and risks and enjoy a comfortable outing.

Let's check about travel insurance benefits below:

1. Hospitalization Coverage

Travel insurance ensures that the costs of hospitalization due to unforeseen illnesses or injuries are covered during your trip. This includes essential expenses such as room charges, diagnostic tests (e.g., lab work, imaging), treatment fees, and medications prescribed during hospitalization.

This feature is particularly important because medical expenses in foreign countries are often significantly higher than what one might expect at home. Without coverage, even minor medical emergencies can result in considerable financial strain.

2. Medical Evacuation

If you encounter a medical emergency in an area where specialized treatment or adequate healthcare facilities are unavailable, the insurance policy covers emergency medical evacuation to the nearest appropriate medical facility.

The costs of air ambulances, ground transport, or other emergency services needed for such evacuation can be exorbitant. This coverage ensures you receive the best medical care possible without worrying about the financial burden of transportation to a capable facility.

3. Repatriation of Remains

In the unfortunate event of death during travel, the policy provides coverage for the repatriation of mortal remains to your home country. This includes all necessary arrangements, such as embalming, documentation, and transport.

This benefit alleviates the financial and logistical challenges families would otherwise face during such a difficult time, offering critical support in ensuring a dignified return.

4. Peace of Mind

Knowing that travel insurance covers medical emergencies, including critical care and other healthcare needs, allows you to travel confidently and focus on enjoying your journey.

This assurance reduces stress and uncertainty, especially when traveling to countries with expensive or unfamiliar healthcare systems, giving you the freedom to explore without constant worry about “what if” scenarios.

These healthcare benefits make travel insurance an essential component of any trip, especially when traveling internationally.

Is Travel Insurance Mandatory for All Countries?

No, travel insurance is not mandatory for all countries, but it is a requirement for certain destinations. Many nations, especially those in the Schengen Zone in Europe, require travelers to have valid travel insurance with specific coverage limits to obtain a visa.

Countries like the USA, UAE, and Australia may not mandate travel insurance but strongly recommend it due to unforeseen travel risks such as medical emergencies, accidents, or unexpected disruptions. The costs for foreign travelers can be high without insurance. Travel insurance helps protect you from unexpected medical bills, or repatriation costs in case of illness or accident.

For those traveling for employment or studies, a longer stay increases the chances of unforeseen events, making insurance even more essential. This small investment can prevent financial strain and provide crucial support when needed.

Is Travel Insurance Worth It?

The question of "Is travel insurance worth it?" is one that every traveler should ask themselves. The answer is a resounding yes for most people. While it may seem like an additional expense, the benefits far outweigh the cost, especially when considering the potential financial and emotional toll of travel disruptions.

Think about it: For a small percentage of your total trip cost, you gain protection from financial loss and access to hospitalization coverage that could otherwise ruin your travels. Travel insurance is a smart investment that provides security in an unpredictable world.

What Carnival Assure Offers?

Carnival Assure provides many kinds of insurance and travel insurance is one of them. Carnival Assure provides hospitalization benefits while traveling from Bangladesh to anywhere in the world.

Why Choose Carnival Assure for Travel Insurance?

Whether it's for business, leisure, or an extended stay, Carnival Assure offers travel insurance that ensures you travel stress-free. With flexible options and essential coverage, you can explore new destinations without worrying about unexpected expenses.

Key Benefits of Carnival Assure Travel Insurance

Coverage Highlights

1. Worldwide (Including USA/Canada): Hospitalization coverage up to $100,000, covering medical expenses with a $100 deductible, $500 for emergency dental care ($50 deductible), and full coverage for transport, repatriation, and mortal remains.

2. Worldwide (Excluding USA/Canada): Coverage up to $50,000, including actual medical expenses ($100 deductible), $500 for emergency dental care ($50 deductible), and full coverage for transport, repatriation, and mortal remains.

3. Schengen Countries: Hospitalization coverage up to €30,000, covering actual medical expenses, €450 for emergency dental care, and full coverage for transport, repatriation, and mortal remains.

Flexible Plans for Every Traveler

• Short-term and long-term travel insurance options.
• Suitable for business trips, vacations, studies, or employment abroad.
• Special plans for senior travelers.

Affordable & Hassle-Free:

• Budget-friendly for comprehensive coverage tailored to your travel duration and destination.
• Quick and fully digital registration process.
• Easy online claim submission, ensuring smooth reimbursement when needed.

Travel Insurance Premium

The insurance premium is determined by some factors, including age, destination country, and travel duration. Starting from just BDT 1,282, our plans offer comprehensive coverage. For more details, please check out our travel insurance policy details.

Conclusion

Travel insurance is a worthwhile investment for anyone venturing abroad. It offers essential coverage for unexpected situations, particularly medical emergencies, ensuring access to quality healthcare without financial strain.

From hospitalization and medical evacuation to repatriation, travel insurance provides comprehensive protection that allows you to focus on enjoying your trip with peace of mind.

Whether you're traveling for tourism, business, employment, or studies, having travel insurance ensures you are prepared for any unforeseen challenges, making it an essential part of travel planning.