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Small-ticket insurance brings feel-good factor, but not adequate coverage

Do you tick the checkbox that allows you to insure your trip when you are buying a railway ticket on IRCTC portal or while booking a cab or a domestic airline ticket? The idea is to play safe by paying a few rupees more. But is it a good thing to do or just a case of ensuring peace of mind? How do they work? First, let’s understand these products.

Be it traveling for work or a holiday, and we are exposed to risks. Most of us do not mind if someone is offering us readymade cover ‘at the click of a button’. The idea of small-ticket insurance is to offer some …

Source: Business Standard