Travel Insurance
What is Travel Insurance?
So, you are a travel junkie and you live vacation to vacation! And you would wonder how a travel insurance would be of your help in your vacation? Well, a travel insurance would help you tackle all the travel and medical contingencies while you travel abroad. You might find buying a travel insurance silly, but it's better to be safe than sorry. Buying travel insurance would not only safeguard you from all the possible unforeseen situations but also help you cherish all the lovely memories of your stay abroad. It is utmost important to add best travel insurance to your checklist while you plan your vacation, be it for leisure or business. Travel insurance is gaining back all its lost significance. To avoid unforeseen conditions like flight delay, loss of baggage, loss of passport as well as medical emergencies, buying travel insurance becomes extremely necessary. It is also convenient and easy, as you can buy travel insurance online.
Single Trip Policy
Single trip policy is good for one-time travellers. The maximum of 180 days these policies can last for, however, your travel insurance policy can also be extended post a humble request to the insurer. So, have you packed your bags yet? And don't forget to buy travel insurance.
Annual Multi-Trip Policy
This policy is ideal for frequent travellers or globetrotters. It's valid for making several trips during the year, each one ranging from 30-45 days, rewarding you with suitcases full of memories. You have the option to choose the coverage and the type of plan basis your needs. However, there are various plans offered under travel insurance.
International Travel Insurance Plan
Various general insurance companies offer the best of tailor-made travel insurance plans. Because every destination requires different requirements. Also, every insurance company strives hard to see that all the requirements are met and every minute detail is covered. Features like a total loss of checked-in-baggage, no medical test for a person above 80 years age, cashless hospitalization etc. are covered by most of the international travel insurance plans.
Senior Citizen Travel Insurance Plan
Different insurance companies offer comprehensive travel insurance to the senior citizens for stress-free travel around the world. Benefits like medical cancellation of the trip, burglary back home when you are busy enjoying your vacation, loss of baggage, pre-existing illnesses cover, emergency medical expenses, personal liability, emergency financial assistance, dental treatment, flight cancellation, etc. are covered under travel insurance.
Student Travel Insurance Plan
A student travel insurance plan offers medical as well as financial support to the students travelling abroad for higher studies. A student might face sudden medical emergencies or financial problems while studying in the foreign land. This might interrupt his studies as well. Student travel insurance plan would cover any such emergencies throughout the duration of studies without any hindrances.
Asia Travel Insurance
If you are travelling to any of the Asian countries or Southeast Asian countries, then Asia travel insurance comes into the picture. Here benefits offered include distress allowance, loss of passport, emergency cash assistance, emergency medical cover, third-party liability etc. Asia travel insurance offers a comprehensive coverage that would take care of any uncertainties.
Corporate Travel Insurance Plan
Many employees have to visit different countries for business trips. To safeguard them from any unforeseen situations, the employers offer them with corporate travel insurance plans. These travel insurance plans can be tailor-made as per the employee's requirement and they offer medical assistance as well as travel-related cover to the insured. This covers injuries, loss of baggage, emergency evacuation, and flight cancellations. etc.
Group Travel Insurance
There are vacations where you would like to go with your friends and relatives in a big group to have the most memorable and fun-filled vacation. Group travel insurance offers 20 or more individuals with benefits like loss of baggage, trip delay or curtailments, loss of documents etc. It is essential for every group member to go through the features and benefits of the travel insurance plan because the travel includes a big group.
Tips To Choose Best Travel Insurance!
As much as travel is necessary in current demanding times, be it for business or leisure, so is travel insurance, to keep those trips secure and tension free! It is true that you may not even use that travel insurance for most of your trips, but, unforeseen events or disasters won't give a notice before they strike.
Therefore, a good travel insurance is always your best companion when you venture into foreign lands or unknown territories. But, how to choose the best travel insurance?
We are sharing some tips to choose the best travel insurance and feel safe anywhere you go:
- ☂ Do not go by what your travel agent is offering you with your trip. This may be just a basic policy at extra cost.
- ☂Considering the destination you are traveling to, choose the sum assured for medical cover. Some countries may have expensive hospitalization, where your travel insurance hospitalization cover can come in handy. But if you are traveling to a country that offers cheaper medical assistance, you may go for a lower sum assured at lower premium.
- ☂If you travel rarely, only for holidays, you have to choose the travel insurance which can cover you for the duration of your trip. Longer the trip, higher the premium for your travel insurance.
- ☂But if you are a frequent traveler, opt for annual multi-trip policies which can save you a lot of money. Multi-trip policies are usually valid for one year and they cover multi trips abroad, in that duration. Each trip covered can be 30-45 days and such policies are convenient to buy as you are not required to submit documents a multiple times.
- ☂If you holiday or business trip include some adventure activities such as trekking, skiing, water sports, buy a special cover at extra cost, because a regular travel insurance policy will not cover risks involved with such activities.
- ☂If you are 65 plus, and travelling, then you must look for senior citizen travel insurance plans. These plans offer covers for pre-existing illnesses in some special situations, higher sum assured, accidental death or disability.
- ☂Make sure you know about and buy a "bail-bond" travel insurance, if your traveling job revolves around legal involvement and you need to travel more than one country in one single trip.
- ☂Lastly, always compare various insurers' various travel insurance plans before choosing the best that serves your requirements. Analyze insurer's insurance offerings, online services, claim processes, claim settlements etc. and then go for the best that fits your travel plans.
