If you are arriving from a foreign country, you should change some of your currency into Indian Rupees at the airport, or at the nearest bank branch or at one of the Money Exchange counters like Thomas Cook. You will usually find the best rates at State Bank of India branches or at Thomas Cook counters.
A travel insurance policy to cover theft, loss and medical problems is a wise idea.
The currency in use in Goa is the Indian Rupee. A Rupee (Rs) is made up of 100 paise (p). The most common denomination of currency notes are Rs. 1000, Rs. 500, Rs. 100, Rs. 50, Rs. 20, Rs. 10, and Rs. 5.
The most common denomination of coins is Rs. 5, Rs. 2, Re. 1 and 50p. You may also come across currency notes of Rs. 2 and Rs. 1 but more often these denominations will be in the form of coins. In the rare instance, you may also come across coins of 25p, 20p, 10p and 5p.
24-hour ATMs are commonly available and you can rely on them as your primary source of cash, though hard currency (or travellers cheques) is recommended as backup. Public sector banks such as State Bank of India and private banks such as HDFC Bank, ICICI Bank, Axis Bank etc have ATMs that accept Cirrus, Maestro, MasterCard and Visa Cards.
Travellers cheques of all major brands are easily changed. The currencies that are most widely and easily accepted are the US Dollar, Euro and British Pound Sterling. You need to show your passport when you are changing money or cashing travellers cheques.
Money Exchange services are also available at most major hotels & resorts.
The cost of travel insurance varies widely, depending on the destination, the cost and length of your trip, your age and health, and the type of trip you're undertaking.
There is a wide variety of policies and your travel agent will have recommendations. Some policies specifically exclude ‘dangerous activities’, which can mean diving, motorcycling and even trekking.
If your health insurance doesn’t cover you for medical expenses abroad, consider getting extra insurance. While the cost of quality medical care in India is nowhere near as expensive as it is in the West, you're advised to get yourself covered for any major medical emergency. A basic consultation with a specialist doctor costs between Rs. 300 and Rs. 1,000. Should you need hospitalization, major medical assistance, or medical evacuation, travel medical insurance will help ease the process and cover all expenses. It is recommended that you get "cash-free" insurance for major medical expenses, and carry a list of facilities where this is possible; otherwise you will have to pay first and get reimbursed later.
On international flights, lost baggage coverage is limited. If you plan to check items more valuable than what's covered by the standard liability, get baggage insurance as part of your comprehensive travel insurance package.
Most airlines require that you report delayed, damaged, or lost baggage within 4 hours of arrival. Though airlines are required to deliver luggage, once found, directly to your house or destination free of charge, in India they cannot do so because Customs rules require that you clear your bags through Customs personally. Once your lost bags have arrived, you will have to make a trip to the airport to claim them.
If your goods are stolen, you will also be required to file a police report to claim insurance.
Trip Cancellation Insurance
Trip cancellation insurance will help retrieve your money if you have to back out of a trip or depart early, or if your travel provider goes bankrupt. Trip cancellation traditionally covers such events as sickness and natural disasters.