Travel Insurance
What is travel insurance?
Travel
insurance is a secured product covering unexpected loss of life, health, and
belongings during travel from one
location to another.
Travel
insurance policy is useful to the people who travel for many reasons such as,
Business trip, Official trip, Family trip, Honeymoon trip, Study trip etc.
You can buy
a travel insurance even if you are travelling by Bus, Car, train, Ship, Flight
etc. to get your life, health and other belongings secured and covered by trip
insurance policy.
What you
need to have in a travel checklist?
-
Passport
-
Visa
-
Travel
tickets
-
Stay/Hotel
Booking
-
Currency
conversion (if you are travelling internationally)
Travel
insurance is most important aspect of travelling. Some people think that why to
spent some extra amount on travel insurance, but its really crucial to have
one. Whether you travelling locally or internationally buying a travel
insurance is must, because it benefits you in many ways.
You can buy
a travel insurance online in websites such as make my trip, go ibibo, etc. as
and when you buy book a tickets for your travel, you can pay a very small
amount in the form of travel insurance online instantly. You can pay this
amount depending upon the number of days you are travelling. The travel
insurance cost changes from company to company.
If you ask
me whether travel insurance is essential to buy? I say yes. Because travel
insurance has loads of benefits,
Travel Insurance Benefits
Following travel insurance benefits are travel
insurance policy in india
-
In
case of accidental death of the person the sum assured will be paid to the family
member.
-
If
you lost your baggage or your personal belongings during travel you can claim
for the same.
-
In
case flight get delayed or cancelled, in this situation your plans may get
disturbed and you may suffer a financial loss, for which travel insurance
company will bear the loss.
-
Even
in case of loss of your passport travel insurance company will remit the loss.
-
During
journey if a person suffer from ill health, in this type of situation also the
travel insurance company will take care of hospital bill and other expenses. If
you are travelling internationally then international travel insurance company
will look after the Hospital expenses.
Note: - the fixed amount (specified in the
policy) will be paid by the travel insurance company in case of any of the
above type of loss.
-
Travel
insurance will not cover any loss of cash.
After buying travel ticket if you have forgotten
to buy a insurance then you can buy a travel insurance online on websites like travel
insurance icici Lombard, travel insurance bajaj allianz, travel insurance
apollo munich, travel insurance religare, policy bazaar travel insurance etc.
there will be a separate option to choose travel insurance and fill the details
required.
If you
travel too often then you can buy an annual travel insurance policy which
covers the loss or damage of your belongings throughout the year whenever you
are travelling.
So get
ready to compare and buy travel insurance policy online with the comfort of
your home
Travel Insurance Cost in India
Travel
insurance cost is around 5 to 12% of your total amount insured for the trip if
the traveler is under 17 then the travel insurance cost will be reduced.
There are several variants available to cater the
needs of the domestic travel insurance india and abroad.
Following list shows the types of travel insurance
plans
-
Domestic Travel Insurance:
In domestic travel insurance online,
the travel insurance policy holder will be insured to travel within the
boundary of the country and is covered with financial emergencies, medical
covers and loss of baggage and personal accidental cover.
-
International travel insurance:
In this type of insurance the plan
covers individuals as well as the entire family travelling overseas. This type
of insurance covers medical expenses, dental expenses, financial cash
assistance, flight delays, trip cancellation, passport loss, loss or delay of
check in baggage etc. some travel insurance policy also covers the house till
back to home.
-
Family travel insurance:
This type of travel insurance covers
the entire family travelling overseas. This type of policy usually covers the travel
insurance policy holder, spouse and children. In this type of travel insurance
each member of a family is covered with the medical, loss of passport and loss
or delay in baggage check in etc.
-
Senior citizen travel insurance:
This type of travel insurance is
designed specially for senior citizens. This type of travel insurance is
similar to health insurance. This type of insurance covers financial
emergencies, loss or theft of passport, dental expenses, loss or delay in check
in etc.
Also covers overseas insurance for
senior citizens.
-
Student travel insurance:
Student travel insurance is meant to
students for their studies in abroad. It has an extended validity up to 2
years. In addition to the basic insurance coverage, it also covers study
interruption, medical emergencies and bail bond and two way compassionate visit
for the insured and the family member amongst others.
-
Corporate travel insurance:
This type of travel insurance is
meant to design the needs of corporates for their business reasons. It has a
validity of up to 1 year. In this 1 year period the travel insurance policy
holder can travel several times. It covers flight delay, medical expenses, loss
of baggage, missed connecting flight and so on.
-
Group travel insurance:
This type of travel insurance is
meant for the group of people travelling together. That is organized tour,
industrial training, official tours and pilgrimage tours. It covers personal
accident, loss of baggage.
-
Medical Travel insurance:
This type of travel insurance is
specially meant for medical coverage. It provides financial assistance in case
of medical emergencies, dental expenses, medical evacuation etc.
-
Multi-trip Travel insurance:
In this travel insurance, it covers
the travel insurance policy holder who travel overseas multiple times in a
year. This type of insurance is purchase by the people who travel abroad most
frequently.
-
Single trip travel insurance:
This type of travel insurance covers
only for one single journey. Its validity starts from the moment the travel
insurance policy holder start the journey and ends at returning home. This type
if international travel insurance covers medical, delay or loss of check in
baggage etc.
-
Baggage insurance:
Baggage insurance is meant to cover
loss or theft of the baggage during the travel.
-
Flight insurance:
In flight travel insurance, the travel
insurance policy holder is covered with the not foreseen flight related
emergencies like fault if the airline or their staff. It covers both health and
baggage, medical cover, accidental death delay of loss of check in baggage,
flight cancellation, flight hijack etc.
- How
to buy a best travel insurance
Travelling insurance is a best friend
of yours while travelling. Its really difficult to find a good travel insurance
companies in india. Choose a travel insurance that provided maximum coverages.
It is always suggested to buy a travel insurance policy online by comparing
various coverages as it convenient and a hassle free task.
Best Travel Insurance Companies
Travel Insurance Providers |
|
Care Travel Insurance (Earlier called as Religare Travel Insurance) |
Travel insurance premium calculator
Travel insurance premium
calculator helps to calculate the total premium amount payable by the travel
insurance policy holder. Make your trip memorable, select a travel insurance
that fits your needs. There are variants that you can consider. The
travel insurance premium is not solely depends on one factor, the insurance
premium calculator calculates and gives you the best possible results to choose
from.
The amount payable to the travel
insurance provider when buying a travel insurance policy is known as travel
insurance premium.
Buy a travel insurance that has
maximum coverage with minimal amount possible. That doesn’t mean that you
should choose a travel insurance policy offering minimal travel insurance
premium.
It is always recommended to buy a
travel insurance online and use a travel insurance calculator to calculate
travel insurance premium amount. Let us see the benefits of using a travel
insurance premium calculator.
-
The travel insurance premium amount
can be calculated.
-
The travel insurance premium can be
compared with the other travel insurance policies.
-
The online travel insurance can help travel
insurance policy holder not to visit the bank branch or the broker.
-
Information can be accessed very
easily when travel insurance premium is paid online.
-
In case of any changes or add-on in
the travel insurance is possible.
-
It helps you to select the best
travel insurance policy.
factors that affect travel insurance premium
-
Age of the traveler:
the travel insurance premium is
higher for the senior citizens and lower for the college going students.
-
Travel destination:
The travel insurance premium differs
from location to location.
-
Trip duration:
The travel insurance premium
increases as the number of days increases. Different travel insurance plans
have different travel insurance premium.
-
Trip frequency:
Trip frequency means how often you
travel, more you travel less will be the travel insurance premium amount and
less you travel more will be the travel insurance premium.
-
Coverage chosen:
the greater the travel insurance
coverage higher would be the travel insurance premium.
-
Add- on covers:
Add-on cover comes with an extra
level of protection but the travel insurance premium have to be paid is little
extra amount.
-
Sum insured:
Sum insured will have direct impact
on travel insurance premium. More the sum insured more will be the travel
insurance premium.
Travel insurance premium calculator
by policy bazaar.
How to claim travel insurance?
-
Intimate the insurer by calling on
phone or mail about the claim. You can contact the insurer on the contact
details given in the policy document.
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The list of copies of the documents
varies as per the type of claim request.
-
Send all the necessary documents to
the insurer by mail, fax or by post.
-
Once all the documents are
successfully submitted, your claim will be verified against coverage requested
for, as per the travel insurance policy.
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