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Why should you take Travel Insurance and Forex Cards for an International Trip?

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Preparing for a trip abroad can be thrilling, but it can also be stressful. It will help if you consider various factors, such as flights, lodging, visas and currency exchange. Among the crucial decisions you’ll have to make is how to keep your money safe. There are several options, but one of the most convenient and cost-effective is using a Forex Card. It’s a prepaid Travel Card that you can load with foreign currency before your departure, saving you the hassle and expense of exchanging cash at the airport.

There are many benefits to using a Forex card for your overseas trip. Here are just a few:

Forex cards, also known as travel cards or prepaid travel cards, offer several benefits for individuals travelling abroad. Here are some key advantages of using a Forex card:

  • Convenience: Forex Card is a convenient and secure way to carry foreign currency while travelling. They eliminate the need to take large amounts of cash and provide easy access to funds at ATMs and for making purchases at merchants that accept card payments.
  • Currency Conversion: Forex Cards allow you to load them simultaneously with up to 14 currencies. You can load the Forex Card with one or more currencies of your choice by paying INR in the prevailing exchange rate, providing hassle-free ways to manage different currencies.
  • Exchange Rate Stability: When you load a Forex Card, the exchange rate is locked in at the loading time. It protects you from fluctuations in exchange rates during your trip. It allows you to plan and budget your expenses more effectively, as you know your exact amount in foreign currency.
  • Security: Forex Card is a safer alternative to carrying cash. If your Card gets lost/stolen, you can quickly get it blocked by accessing the portal or app to prevent unauthorized usage. Most of the providers offer 24/7 customer support also for such incidents. Nowadays, Forex Cards also have security features like Chip and PIN technology for secure transactions.
  • Wide Acceptance: Forex Cards, like regular debit or credit cards, are widely accepted worldwide. You can use them at ATMs to withdraw cash in local currency or make payments at hotels, restaurants, shops, and other establishments that accept card payments, offering flexibility and ease of use.
  • Reloadable: Forex Cards are reloadable, which means you can add more funds to the Card as needed during your trip. Some providers even offer the convenience of reloading the Card online, allowing you to manage your travel expenses efficiently.
  • Cost Savings: Forex Cards often provide competitive exchange rates compared to cash exchange counters or converting currency at airports. They may also have lower or no transaction fees for international transactions, making them a cost-effective option for managing your foreign currency.
  • Track Expenses: Using a Forex Card lets you track your expenses easily. Most cards provide online account access, allowing you to monitor your transactions, check balances, view statements, and manage and block/unblock channels. It helps you control your spending and manage your travel budget effectively.
  • Lost card liability insurance cover: Unimoni Travel Card has comprehensive fraud protection insurance with USD 10,000 against the card loss. The policy shall cover losses due to skimming/ phishing/counterfeit/internet banking fraud extensions. 
  • Emergency Cash: If your Card doesn’t work, you can withdraw emergency cash up to USD 500 from the nearest Western Union counter if you are a Unimoni Travel Card holder.

Different Unimoni Travel/Forex Cards

  1. One Currency Card
  2. Multi-Currency Card

Compare your specific need and select the one that suits you better!

Unimoni Multi-Currency Card, as the name indicates, can be loaded with multiple currencies at a time. The Card supports up to 14 currencies- US Dollar, Euro, Sterling Pound, Canadian Dollar, Australian Dollar, Swiss Franc, Singapore Dollar, UAE Dirham, Thai Baht, Japanese Yen, New Zealand Dollar, Saudi Riyal, South African Rand and Hong Kong Dollar.

What if you travel to any country other than the ones listed above? The answer is Unimoni One Currency Card. It’s a Card which can be used at any destination around the globe without cross-conversion charges. As you know, cross conversion charge occurs when you use the Card in a different currency than the one loaded with. No such cross-conversion charge will be debited in Unimoni One Currency Card. The Card can be loaded with US Dollars and used in any currency around the globe without worrying about cross-conversion charges.

Multi-Currency and One Currency Cards have enhanced Chip & PIN protection and can be used in channels like ATMs, POS, e-Com, Contactless etc. Both Cards are issued without any issuance fee or annual fee. The Card can be managed online; it may be the options like PIN Change or blocking the Card or enhanced controls like enabling/disabling channels and modifying media limits. Unimoni Travel Cards are safe as they are not linked to your bank account. Moreover, Unimoni Travel Cards covers fraudulent uses with insurance up to USD 10,000. You can load Unimoni Travel Card up to an amount equivalent to USD 2,50,000 in a financial year, and it can be used anywhere around the globe.

Enjoy a bunch of benefits from Unimoni’s Travel Insurance!

Travel insurance is an important aspect of trip planning that provides coverage and financial protection against various unexpected events and risks before or during your travels. Here are several reasons why taking travel insurance is beneficial:

  1. Emergency Medical Treatment & Evacuation: If you experience a severe illness or injury that requires urgent medical attention, travel insurance can assist you in covering the expenses for emergency medical evacuation to the nearest appropriate medical centre or bringing you back to your home country. By following this step, you will be guaranteed to get the required medical attention.
  2. Daily Cash Allowance (Per day/Max 5 days): Daily cash allowance is a feature offered by some travel insurance policies that provide a specified amount of money per day to the insured person in case of certain covered events that result in a prolonged delay or inconvenience during their trip. Daily cash allowance usually applies to trip delays, interruptions, missed connections, or baggage delays. 
  3. Trip Cancellation or Interruption: If unexpected events like sickness, injury, or a family member’s death force you to cancel/shorten your trip, travel insurance can cover your prepaid, non-refundable expenses. It helps protect you financially against potential losses.
  4. Emergency Dental Treatment: If you experience severe dental pain during your trip and require immediate treatment for pain relief, travel insurance may cover the costs associated with such emergency procedures. In case of accidental dental injuries while travelling, such as a broken tooth due to a fall or an impact, travel insurance can provide coverage for necessary dental treatments to address the damage.
  5. Personal Accident, Accidental Death & Disability: If you get injured during your trip, insurance will cover medical expenses such as hospitalization, doctor fees, surgery, and rehabilitation expenses. In the unfortunate event of your death resulting from an accident during your trip, it will provide a lump-sum benefit to your designated beneficiary. Accidental disability coverage will cover the costs of ongoing medical care, rehabilitation, or necessary lifestyle adjustments due to the disability.
  6. Personal Liability & Bail Bond: If an Insured Person’s Baggage, Personal Documents or Personal Effects are lost or damaged during the Period of Insurance, the Company will reimburse the Insured Person for the cost of replacing the items up to the Total Sum Insured mentioned in the Schedule. The Deductible, if applicable, shall be deducted from the Compensation payable.
  7. Home Buildings and Contents (in Rupees): It is designed to protect your residential property, including the structure of your home and your personal belongings, against various risks such as fire, theft, natural disasters, and other covered perils. This type of insurance provides coverage for the value of your home and its contents, typically in the form of a sum insured.
  8. Lost or Delayed Baggage: Travel insurance can compensate for lost, stolen, or damaged baggage during your trip. It can help you replace essential items and minimize the inconvenience caused by such situations. Additionally, it may offer coverage for expenses incurred due to baggage delay.
  9. Financial Emergency Cash: Financial emergency cash coverage, also known as emergency cash assistance, is a feature offered by some travel insurance policies to provide immediate financial support in case of certain covered events that result in a loss or theft of money or travel documents while travelling.
  10. Loss of Passport: Travel insurance policies that include loss of passport coverage can help reimburse you for certain expenses related to obtaining a replacement passport. It may consist of passport application or renewal fees, travel to the embassy or consulate, and passport photos. The policy will specify the maximum reimbursement amount for these expenses.
  11. Bounced Hotel / Airline Booking: Bounced hotel or airline booking coverage, also known as trip cancellation or trip interruption coverage, is a valuable component many travel insurance policies offer. It provides financial protection if your hotel reservation or airline booking is cancelled or interrupted due to specific covered reasons such as unexpected illness or injury, death of a family member, severe weather conditions, natural disasters, or other unforeseen events specified in the policy.
  12. Emergency Assistance Services: Many travel insurance policies offer 24/7 emergency assistance services, providing access to a helpline to assist you in various situations. They can help with medical referrals, travel arrangements, language interpretation, and other travel-related emergencies.
Please note:

It’s important to carefully review the terms, coverage limits, exclusions, and conditions of any travel insurance policy you consider, as different policies may offer varying levels of coverage. 

Now you are ready to travel. Travel with insurance and Forex card. Enjoy financial protection and peace of mind. Enjoy your trip confidently! 

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