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Adventures sports have become a popular tourist attraction amongst the Indian youth in recent years. Studies show that almost 40% of the tours availed by 25 to 35-year-old people are at adventure sports destinations.
However, adventure sports such as mountaineering, bungee jumping, paragliding are considered as some of the riskiest outdoor activities despite the adrenaline rush. Chances of a fatal accident with catastrophic consequences are not uncommon during such events.
Adventure sports insurance coverage is an essential financial tool for outdoor enthusiasts to protect them against such incidents. It allows them to minimise the financial burden and avail the best services in case of an unforeseen circumstance.
Incidents that may occur during adventure sport
An adventure sports enthusiast can face various situations like severe personal injury, permanent disability, or even death. Sports injury insurance policies provide coverage to the insured against such incidents with necessary financial backing for hospitalisation, treatment, etc. Let’s take a look at some of the situations that might require coverage for financial losses during an adventure sport.
- The personal injury occurred during different types of activities – Adrenaline sports such as paragliding, skiing, white water rafting, etc. comes with severe risk factors involved. People involved in such sports may experience a personal injury, severe illness, etc. which may cause hospitalisation.
The cost of treatment, hospitalisation, etc. can put a severe financial strain on an individual’s budget.
Bajaj Finserv brings you Pocket Insurance policies such as adventure sports insurance. Under this scheme, you can avail financial coverage of up to Rs. 2 Lakh for individuals to cater to such expenses. The medical coverage can also be claimed in case of an accidental hospitalisation. This amount can be utilised to cover for the expenses to hospitalisation, medicines, diagnostics, and other ancillary expenses.
- Permanent disability caused by accident – A severe accident during an outdoor activity has a high chance of impairing the individual. They will, above all, require immediate medical assistance without any delay.
With an adventure sport & fitness insurance policy in place, the individual is covered by up to Rs. 1 Lakh as the sum insured.
An individual can also avail tailor-made insurance policies in case of specific adventure sports like trekking or mountaineering. Bajaj Finserv’s Pocket Insurance schemes also include a Trekking Travel Insurance Plan which covers the insured from such unforeseen incidents along with emergencies like a loss of baggage, loss or theft of valuables like debit or credit card, PAN card, etc.
- Premature demise – Certain adventure sports like paragliding, bungee jumping, etc. have irreversibly high risks involved. Minor negligence or not complying with the instructions can come with severe consequences, even fatalities.
An adventure sport and fitness insurance can provide death benefits to the nominee of the insured. They will receive up to Rs. 1 Lakh in case of an unforeseen demise.
An Adventure Sports Insurance Cover covers a wide gamut of possible incidents to cover the insured against financial as well as other liabilities relative to such incidents. Also, one can easily apply and claim their insurance thanks to the simple and time-saving process.
How to apply for adventure sports insurance?
The entire process to apply for an adventure insurance policy is comprehensively available online. A prospective insurer only has to fill out the online application form and pay the premium. Once the payment is processed, they will be able to avail the benefit of a sports insurance policy.
How to lodge an insurance claim
The insured individual can lodge a claim via email or phone call. They can email the insurance provider requesting for compensation or intimate your requirements to a customer care executive.
Adventure sports insurance is a must-have financial tool for both avid and casual adventure sports lover. It provides coverage against any financial or other liability that an individual may face. It is advisable to have such insurance policies in place before opting for such a trip.