Don’t fret and cuss if you have somehow forgotten to buy a travel insurance policy in the pre-departure mayhem. It may be of some comfort to you to know that hundreds or probably thousands of travellers forget this important piece of paper. So you are not alone!!
All is not lost – you can still buy overseas travel insurance plans even though you are overseas. You can easily buy travel insurance online from a few specialised sites that provide you with insurance cover while you are away from home. These plans cover all emergencies like a normal insurance policy that you purchase before your departure. People do tend to forget this important document in the excitement of a long awaited holiday or a business trip at short notice. Ideally, travel insurance must be purchased at the time of booking your holiday to avoid any panic and confusion. Frequent flyers who travel for business across countries may consider buying annual travel insurance policy – that is one less thing to remember. Make Overseas Travel Insurance Plans Part of Your Travel Plans Some countries do insist that travellers coming into their country should be covered by a travel insurance policy. However, it is in your interest that you should have an overseas travel insurance plan to cover any eventuality. You may like to read : Is Travel Insurance Compulsory for Travelling Abroad? The only three documents in the minds of traveller are the passport, visa and ticket. Some, especially first time travellers are not even aware that they can buy travel insurance for any emergencies abroad. Many Insurance Companies Offer Travel Insurance Policies There are several reputed travel insurance companies like Bharti AXA Travel insurance, Bajaj Alliance travel insurance, Religare Travel insurance, Apollo Munich, TATA AIG, HDFC ERGO, Cholamandalam Travel insurance, SBI Travel insurance and more. It is Advisable to Buy Insurance Before You Go Overseas Most major insurers advise travellers to book their travel insurance at the time of booking their holidays or business trips. The last point when you can buy a policy is generally just before customs and before you board the aircraft. However, there a few insurers do offer insurance policy when you are abroad. You can also extend the policy is you are required to extend your stay abroad. Obviously, you cannot get cover for mishaps and injuries that have already occurred to you before buying your policy. Apart from this, the insurer offers the same comprehensive cover as any normal travel insurance. However, there may be a waiting period of anything from 48 to 72 hours before the policy comes into effect. Some insurers will also allow emergency situations to be included without the waiting period. A Range of Overseas Travel Insurance Plans There are different types of overseas travel insurance plans depending on your requirement. Pick the one that most suits your requirement. The different types of overseas Travel insurance plans include: 1. Overseas travel insurance Plans: Apart from standard coverage, this policy also gives you a comprehensive cover from risk of deportation, hijack, personal and medical emergencies for the duration of your travel. 2. Medical Travel Insurance: This policy is issued to cover health and medical expenses in case of any medical emergency, evacuation or transport of remains and other emergencies as mentioned in the policy. 3. Student Travel Insurance: Students who travel abroad for studies have travel insurance that covers loss of passport, medical emergencies, disruptions in their studies and other unforeseen mishaps. 4. Corporate Travel Insurance: This policy is ideal for business executives who travel frequently on domestic as well as on international trips. 5. Senior Citizen Travel Insurance: This policy is (as the name suggests) for senior citizens above the age of 61 years. This policy also covers dental care and cashless hospitalisation for the period of the policy. 6. Group Travel Insurance: This insurance plan provides cover to groups travelling together and includes emergencies during the validity of the policy. This policy is comparatively cheaper. 7. Single or Multi Trip Insurance: Single trip insurance travel covers you for one trip whereas multi trip travel insurance covers you for your medical and personal emergencies during your trip. 8. Family Travel Insurance: This policy is ideal for families going on international tips. All members of the family who are insured are covered for any eventuality that will occur during the trip. Although options are available to buy overseas travel insurance plans, it is advisable to buy one of the above-mentioned policies well before your travel to avoid last minute scramble and confusions. Make your trip memorable by putting this purchase on your ‘to do’ list of thing to be done before your trip. Bon Voyage !!! For more updates and News follow Policybazaar Youtube
0 Comments
Leave a Reply. |
AuthorInsurance and financial manager. Archives
May 2018
Categories |