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’.