Travel insurance is the last thing that we consider when planning a holiday trip. Most of us think it as an extra expense that does not offer anything in return. If you are on the same side then you are certainly on the wrong side.
What is Travel Insurance? It is a specially designed insurance policy suitable for traveller roaming inside the country or on a foreign land. This offers protection in case of any medical emergency along with many other critical conditions like loss of baggage, cancelation of flight and any accident that requires medical assistance. Why Do You Need Travel Insurance? We have a misconception that, foreign trips only to be insured with travel insurance policy. The truth is both domestic and foreign travel trips should be insured properly as misfortune can strike us anytime. Mishap does not come with a prior notice. Apart from medical cover, such insurances offer bunch of physical and financial help to save you from grave danger. Benefits of Having Travel Insurance Just like health insurance or car insurance, primary goal is to safeguard you and your family from unexpected events during a trip. Its job is to reimburse the insured person the cost of unpredicted troubles incurred during the travel. These policies typically cover cancellation fee and lost deposit, medical expense, alternative transport expense, loss or delay of luggage, accidental death or permanent disability, personal liability and other additional expenses. Always read the policy documents before finalizing the travel insurance to understand terms and conditions applicable for successful reimbursement. How to Choose the Right Travel Insurance? There is a list of things that should be kept in mind before buying the travel insurance. Here are some of them to ease your task of choosing the right travel insurance. • Check out if the policy is offering any accidental coverage in case of mishaps resulting from any adventurous activity like hiking, paragliding, skydiving and others. • If you have any pre-existing disease then discuss the matter with the travel insurance company and confirm what coverage you are liable for such medical conditions. • Never buy a travel insurance that will fall short to cover your expenses. If you are travelling with expensive and costly equipment, then be ready to pay little extra for your gadgets. • Buy a policy that covers tenure of your trip completely. Never go for cheap travel insurance that does not cover your whole trip and falls short by 1-2 days. • During the trip, always keep a tight watch on your belongings. Travel insurance can offer only financial reimbursement for your lost belongings but can’t save you from the harassment and inconvenience that you have to face. • Check the exact amount you need to pay for the policy. Ask the insurer about any hidden cost and charge. Choose a plan that fits your budget and your requirement. Conclusion: While planning a trip, we try to save money to make it possible under a budget. It may increase your budget slightly but it comes much cheaper when you compare the price with the benefits coming with travel insurance policy. To save the fun, always opt for a travel insurance. Must Read : 10 Topmost Travel Destinations to Visit in Winters in India
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In today’s world, everything is uncertain. But some things are not. Bajaj Allianz has come up with their travel insurance policy that serves various needs. The policies have been oriented in such a way that it caters to many choices, e.g. single insurance, multiple insurances, family insurance, etc.
Travel insurances are designed to support the buyers in case of emergency and unforeseen troubles. Bajaj Allianz is perhaps the best choice for such purpose because of their wide range of policies. Overview: Bajaj Allianz Travel Insurance Reviews The policies depend on the category of insurances you select. A minimum age of 3 months is mandatory. The minimum sum is 50,000 USD Why to Buy Travel insurance is a smart option when one wants a hassle free travel experience. Any unwanted accidents and mishap are unavoidable sometimes. When you have a travel insurance it becomes easy for the traveler to make up for any loss, be it financial or material. Features and benefits The travel insurances offered by Bajaj Allianz is a comprehensive travel insurance that covers various facets. The areas where the insurance can be claimed are divided as follows: • All over the world • USA including Canada • USA excluding Canada • Schengen area etc. The insurance can be further divided according to age groups and members. For instance, there are separate plans if you are traveling alone and if you travel with company. There are separate options if you go for a business trip or if you go for a leisure one. Also, senior citizens can get special services. There are separate plans for the students as well. Therefore it can well be said that Bajaj Allianz comes in handy when we talk about travel insurances. Also worth mentioning is the service they provide through their customer care help lines where all your queries find their answer. Thus it makes it very easy for the traveler to choose from various options suiting to his needs. These divisions make sure that you don’t waste your money. Eligibility The eligibility depends on the type of insurance you are opting for. For instance, if you are opting for an individual travel policy then the criteria depends on that. If you opt for a higher sum of insurance, then it is required that you don’t have a pre -existing medical condition. Read This : Why Should I Plan My Trip Abroad With Bajaj Allianz Travel Insurance For getting online quotes about the policy, you don’t need to submit any medical reports. Inclusions There are many areas which are covered by travel insurance. Some of them are as follows: • Emergency hospitalization • Loss of baggage • Baggage delay • Personal accident • Loss of passport • Hijack • Emergency cash advance including delivery charges. • Emergency cash advance including delivery charges • Evacuation and repatriation • Trip delay The above-stated inclusions are common to most of the plans. There are an array of other inclusions depending upon the policy. Exclusions Some factors don’t fall under the category of claiming the insurance. They are as follows: • A pre -existing medical issue that was present before availing the policy. • Routine health check- up cannot be claimed through policy • Once the policy period is over no money can be claimed • If the traveler inflicts self-injury, commits suicide, attempts to commit suicide, is alcoholic or does drugs, suffers from venereal diseases or depression and the likes then no sum can be claimed. • If the treatment done is anything but allopathic ( modern medicine) • Engaging in any perilous activities other than saving lives and the damage incurred thereof cannot be insured. • Any cases of pregnancy or childbirth or abortion fall in the list of exclusions. • If the baggage is delayed in India • Damages as a result of experimental or non-standard treatment. • The cost of external devices like crutches, hearing aids, lenses and spectacles are excluded Documents required The claimant’s passport and the confirmed round trip flight tickets are required as valid documents for any types of travel insurance. Claim process When the time arrives the sum assured can be claimed through filling the online form and submitting the required documents and Bajaj Allianz usually processes the claim within 30 working days. |
AuthorInsurance and financial manager. Archives
May 2018
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