Take every particular chance that you get in life because some beautiful things happen only once!! And indeed travelling to a new place is one such aspect that may not happen again in a lifetime so if you get the opportunity to do so, then do grab it without a second thought. Travelling internationally is really adventurous and the element of both excitement and fun are on the zenith when we are exploring the place for the very first time. It involves a lot of fun but at the very same time it incorporates the component of risks and hazards that could knock into your door without any pre- declared intimation. Therefore to be safe and ensure a secure feeling for your loved ones too, there is an instantaneous need for travel insurance sometime before you plan your holiday trip or business tour to overseas.
Why it is important to get travel insurance? We bring to you some reasons as to why travel insurance is really worth during your most awaited trip: -
Now, let us draw your attention to one of the finest insurance company of the nation that is Tata AIG General insurance Company Limited that brings to an amazing insurance policy known by the name of travel guard Tata Aig travel insurance that covers all the uncertainties that could disrupt your trip while travelling abroad. What are the prominent key features of Travel Guard Insurance policy? Coverage of the various elements in included in the same: -
Apart from the above mentioned coverage features, there are also some other components such as hijacking, delay of flight, personal liability, sickness dental expense, automatic extension of the policy that are covered in the Tata Aig travel Insurance policy.
0 Comments
There are cases when travel insurance claim is rejected. Want to know about such cases that may become the reason of your travel insurance rejection?
This article includes all the important cases by which your travel insurance policy can be rejected. Before proceeding on to the reasons for claim rejection let us know, what is travel insurance? Travel insurance policy is a type of general insurance that are the most selling product in the market. It is very beneficial for the person who travels frequently because it saves the policyholder against several extra expenses incurred due to travel-related unfortunate events. Some of the common benefits and coverage offered under travel insurance plan are: It bears the expenses incurred due to –
Now, Read Some Possible Reasons for Travel Insurance Claim Rejection: 1. Read all the Exclusion of the policy This is the common mistake we do while purchasing the policy. So, if you are only aware of the benefits and coverage of the policy you are only aware of one side of the coin. Make sure that you read about the exclusion very carefully. It might be possible that your most important requirement falls under the exclusion list of the travel insurance policy. Claim filed for anything that is included in the exclusion list will get rejected. 2. Claim beyond the Coverage The travel insurance claim can be rejected if you file a claim for anything that is more than the coverage offered under the policy. Always claim according to the coverage offered under your travel insurance policy because this might becomes the reason of claim rejection. 3. Claim for Critical Illness Almost all the travel insurance policy covers the policyholders against sudden illness, but it might be possible that the policy does not cover the expenses incurred due to critical illness. Before buying travel insurance policy make sure that you discuss your medical history with the insurer and be sure whether the policy covers critical illness. In case your policy does not cover critical illness the claim filled for the same will be rejected. Let us take an example of the best travel insurance policy in the market; ICICI Lombard Travel Insurance ICICI Lombard travel insurance plan takes only 5 business days for claim settlement. It offers a different kind of benefits and coverage under its various travel plans. ICICI Lombard insurance offers different types of travel insurance policy that covers the policyholders against different travel destination. It understands that you need some important types of coverage whether you are travelling within the country or abroad. There are three types of ICICI Lombard Travel insurance plan; International Travel Insurance, Senior Citizen Travel Insurance and Travel Insurance – Gold Multi Trip. But there are some factors that can become the reason of claim rejection. Read below the important reason due to which ICICI Lombard can reject your travel insurance claim.
Make sure you do not file a claim for coverage that are not offered under the policy. You can easily check this availability online. Read the details of the travel insurance carefully when you are buying a new policy. Do not forget to read about its exclusion list because this will give you a fair idea of factors that can become the reason of your travel insurance claim rejection. “Flight No. Jx950 has been cancelled due adverse weather conditions!”
You might have got to hear this kind of announcements very often if you are a frequent traveler. And, it definitely puts down your excitement if you were travelling for leisure and distresses you if you were travelling for work. Be it due to unfavorable weather conditions, technical malfunctions or any random reasons, flights do get cancelled or delayed at times. In event of a delay, the airline tries to arrange an alternative flight within next 2 hours, and the passenger does not get the right to complain. Similarly, if the flight gets cancelled, then the airline either pays the entire booking amount back to the passenger or schedules him for the next possible flight and provides them with some kind of accommodation for the meanwhile. All this seems to be a fair story and a nice gesture from the airline if you are a new traveller and haven’t experienced much of such situations. But… What if you travel quite often? What if you were going for an important business trip? A delay of barely 2 hours can cost you heaps at times. It can spoil your entire itinerary; you may happen to miss your connecting flight; you may lose on to a super-profitable business deal or a job opportunity. Loss of Baggage While most of the people suggest hoping well and just go ahead, let’s just follow the same for now! You might board the flight in time and reach your destination, but what if you find out that your luggage has been misplaced and hasn’t reached with you. You might have your wallet and passport handy, but what about your apparels and the expensive accessories you might have in your bag? Well, this can anytime happen to you, especially while on intercontinental flights, i.e. connecting flights. Medical Contingencies While Travelling Again hoping for the best, you are having an amazing time and enjoying your journey and suddenly you feel some symptoms of adverse health. Full of excitement, you try to divert yourself from the sickness, but what if it gets severe and you really to visit your doctor? Such a situation can make your excited trip to a tough time hoping to get well soon and reach back home. Similarly, there may be numerous hurdles, misfortunes, mishaps, or legal issues as well at times during the journey. To have coverage against all such unforeseen and unexpected events that might come your way in future, it is must to have a travel insurance policy for every travelling individual. Why Travel Insurance? A travel insurance policy becomes your supportive companion in the times of all such eventualities. Let’s further understand that why exactly is it important to have a travel insurance policy: A travel insurance policy not only provides you with a financial support when needed, but also makes sure that your tour and journey are as pleasant and safe as possible. Starting from providing coverage against medical bills, robbery, baggage delay or loss, to loss of passport, a travel insurance policy does a lot more for your protection. Listed below are a few amongst the in-numerous reasons for buying a travel insurance policy.
So make sure you have an adequate coverage before you book your next trip! |
AuthorInsurance and financial manager. Archives
May 2018
Categories |