It is dream come true for few who
are planning to travel abroad. We make sure everything planned but majority of
us forget to think like, what will happen if some unwanted incidents happens
like health issues, loss of valuables or loss of cash. In such a situation
travel insurance will come into handy.
They are very cheap, as the coverage is for limited period. But
many forget to buy it if it is not compulsory in their travel. So let us
understand what are the things you need to take care of while buying such
travel insurance products.
1)
Duration of Travel-You must know that online
travel insurance india without any travel insurance will not be necessary. But while
travelling abroad, you must have travel insurance. Hence always plan to buy
travel insurance when you are leaving country. Your premium will depend on
duration of travel. Higher the duration higher will be premium. Also if you are
a frequent traveler then there are certain policies meant for such kind of
travelers. They will cost you cheaper than buying a policy every time you
travel. Hence duration and frequency of travel very much effect your premium.
2)
Destination of Travel-Your premium will be set depending on your
travel destination. Because in some countries like USA or Canada medical cost
is highest compare to other countries. Hence insurers at beginning itself get
your information about destination. Based on this they will fix the premium.
They usually offer like countries to USA or Canada, except USA or Canada or
worldwide travel (this includes USA and Canada)
3) Age of
Traveler-Your premium depends on your age. So higher the age higher will
be premium. Exactly like health insurance, in travel insurance too companies
offer senior citizen travel insurance.
4)
Individual or Family-If you are individual then opt for individual
plan. But if you are travelling with your family then it is always better to
opt for family travel insurance. Because this will cost you cheaper than going
for individual plans.
5) Nature of Travel-Usually
if the travel includes adventures kind of activities then premium will raise
automatically. Because risk involves of meeting with accident is at higher end.
Hence specify the nature of travel while buying like business, adventures or
holiday travel.
6) Nature
of Coverage-It is complicated process for an individual to go through all
inclusion and exclusion of policy document. Still it is better to go through
each wordings like what type of medical insurance is covered under policy, what
are the riders added or what about the existing disease.
7) Contact
details of Insurers-You are buying this insurance for the
emergencies during your travel. Hence once you buy the plan better to get the
information like how the claim process will be done, whom you need to contact
or toll free numbers to contact. Because during emergencies especially when you
are abroad quick service will actually be handy.
Hi nishant Thanks for this blog but can u give me a more information about the Travel Insurance Companies?
ReplyDeleteYou must know that online travel insurance india without any travel insurance will not be necessary. But while travelling abroad, you must have travel insurance. Hence always plan to buy travel insurance when you are leaving country.
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