Luggage, tickets,
bags, iPod, hotel bookings, handy-cam are the top things that arise in
your mind while going out for a holiday trip. To be frank having a cheap travel
insurance plan before going out on a vacation is a rare thing in India.
People in our country rarely opt for the travel
insurance, but
it’s really vital to understand that a small mishap can destroy any perfectly
planned holiday.
People never prioritize insurance till something actually goes
wrong and later on it gets too late to avail an insurance plan. These days
travelling, especially to overseas countries are an important part of our
lives. But most people don’t want to think about the calamity that can take
place during a trip.
It is a known fact that several times, we are faced with
problems like cancellation of flights, medical emergencies and loss of luggage
among others. Hence, it is essential to be covered when you are going away from
home.
What Exactly Will You Get Under
Travel Insurance Plan?
Travel
Insurance India refers
to insuring the risks of having a medical emergency or any kind of financial
loss that can leave a bad impact on your journey. You can purchase cheap travel insurance online plan temporarily for a single trip. Whereas,
for regular travellers, it is advisable to go for the whole year plan which
would be enough for numerous tours throughout the year. You can purchase an
insurance plan for an adventure trip, leisure trip, cruise trip, foreign
student trip, overseas travel and business trips as well.
The most common risks that foreign overseas travel insurance
covers are:
-Foreign Medical expenses
-Accidental injury or death
-Theft, damage or loss of personal essential belongings
-Cancellation of trip
And many more.
The coverage depends upon the norms of insurance plans and
companies as there are several policies available in the market. A basic
insurance plan usually provides the coverage for medical emergencies, emergency
repatriation, cancellation, theft, loss of luggage, passport loss and many
more.
Premium
Majorly the premiums of travel insurance plan depend upon
several factors such as
·
Duration of the trip
·
Sum insured
·
Health conditions
·
Number of trips
·
Place
·
Age of the insured
·
Risk activities involved in the trip.
Enclosed
are some tips that will assist you in choosing the cheap travel insurance. Travel
insurance is a standard product over different insurance companies since its
usage is more global in nature. There are a few tips that would help you in
selecting the best travel insurance plan at a lower premium.
Location Of The Trip
You might not be aware, but the fact is that the cost of travel
insurance is much higher where the cost of treatment and other essential
services is expensive. Nowadays, the customer can taper down his international
plan to select from several options. Hence, be sure to taper down your location
of travel for getting more benefits out of the insurance plan and premium
as well.
Duration of the Trip
Generally the insurance companies offer travel insurance plan
for a trip duration starting from 30 days to 180 days. It is advisable for you
to select the insurance policies slightly more than your requirement and travel
period. If you are a regular traveller then you must buy an annual multi-trip
plan to save more. This will save you from the hassle of getting insured every
now and then. These plans are valid for a year and it covers numerous
foreign trips as well. The maximum duration of each trip should be about 30-45
days. This is a cost effective product for frequent travellers.
Age of Travelling Members
If you
are travelling along with your family, then will be helpful to check if the
premium which covers all is cheaper or not. If not, then you can consider
two different plans in which the elders of the family can be covered by another
plan. For example, if you are more than 65 years of age, you can avail of senior citizens plans in which you will get pre-existing illness coverage, the higher sum insured for regular
hospitalization, etc.
Reason of Journey
It is advisable that you must provide an accurate reason of your
journey in the proposal form, whether; it’s a business trip, holiday trip,
adventure trip or any other. Usually, a basic travel insurance policy does not
cover risks involved in adventurous trips. Hence, an additional premium amount
is required to get coverage for adventure trips.
Nowadays,
there are many types of travel insurance available in the market, so it is
better for you to do travel insurance of
different insurance companies to get the cheap
travel insurance out of the many.
Source:
http://nishantmehta333.livejournal.com/3299.html
Thanks Nishant for sharing this informative blog it seems very helpful but can you please brief me about general insurance plans.
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