Are you planning for your first international trip? These international trips or business meets can be a reason for being overwhelmed. Do not let anything to spoil the excitement, get insured in no time!
You might be thinking does travel insurance have anything to do with your leisure trip. But if your check-list doesn’t include one, you’re missed out on something serious. Travel insurance is your saviour that protects you financially while travelling. It protects you from any kind of unforeseen circumstances and it is always better to be safe than sorry! You will find n numbers of travel insurance plans tailor-made for international travellers. Bajaj Travel Insurance is one of the most sought-after travel plans in the market. You can visit the official website of the insurer to have a look on the various plans. Just make sure you opt for a plan that offers comprehensive coverage, wherever you go. Here’s why you should buy international travel insurance before taking the flight! Ensure Worry-free Travel The best travel insurance plans offered by Indian insurer cover your trip by offering comprehensive assistance from minor to complex situation. It takes no time for things to get out of hand in an unfamiliar land. But, nothing will bother if you’re prepared beforehand for all uncertainties with an adequate insurance plan. From stolen passport to loss of baggage, medical hospitalisation or emergency evacuation, your international travel insurance ensures a worry-free travel at its best! Your Cancelled Trip or Interruption is Covered Trip cancellation or interruption may spoil your best-laid plans. So what is the solution? Well, you can do nothing about the grief it brings; somehow, you can curb the monetary loss to a certain amount, only if you own international travel insurance. The insurer reimburses the financial losses incurred in flight bookings. Coverage for Medical Emergency During your international trip, if any medical emergency arises, overseas travel insurance comes handy. This policy covers you from hospitalisation expenses to medical evacuation, if the situation demands. When you require to see a doctor and need to pay out-of-pocket expenses, you can ask for repayment based on medical bills or medicine costs. However, you should be clear about whatever is included under your policy. Insure Your Baggage Too Travel insurance doesn’t only cover you for a complex situation, but also simple problems such as loss of baggage or delay in the arrival of checked-in baggage too. Due to delay in checked-in baggage, you may need to buy certain essentials out of your pocket. But, you can get repayment of the incurred expenses from your India based insurer, while you are on abroad trip. International travel insurance gives you complete protection from the moment you board the flight and until you reach your home. Bon Voyage! Who can be Insured? Insurance companies offer travel insurance to infants over 90 days old, up to the age of 70 years. The upper limit may vary insurer to insurer. So, before taking up a plan you should clear every single thing about the plan. Again, you should be clear about the purpose of your visit as individual or group travel insurance plan, whether domestic or international, are not available for immigration or education abroad. There are specific travel plans designed for this purpose like ‘Student Travel Insurance’. In a Nutshell! So, whether it is leisure trip or you are travelling to launch your next product, travelling abroad is surely an exciting thing that ever happens to you. Opting for an adequate travel insurance plan keep you safe during an unforeseen event! It is nothing but being proactive and ensuring financial safety in a medical or non-medical crisis. Bon voyage!
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For many, it is a dream come true to go on their first international trip and having the right medical travel insurance policy can only add benefit to your trip as it covers medical/ accident and dental procedures or operations.
What many fail to take into account is the fact that a medical procedure in Europe or other countries is far more expensive than in India. A normal check-up for a non-European citizen can go up to lakhs of Rupees, and many families do not have that amount in their Forex Cards or don’t carry enough cash. For this reason, we have travel insurance which in most cases covers almost everything. Most insurance companies offer great international travel insurance online, so you don’t have to take out time to physically go to a company and waste time there. Online, you can make your own decisions. The Need of Travel Insurance We know that Travel comes with a fair allocation of unforeseen accidents dangers and risks. Medical travel insurance is, generally speaking, a special type of insurance designed to cover the individual insured from a range of tour correlated perils. It covers you against unpredictable accidents/ mishaps like medical treatments; lost/ misplaced baggage; loss/theft of passport and other travel documents; migration due to political unrest, natural misfortune, or medical emergency; missed and cancelled flights and cancelled trips and so on. Opting for medical travel insurance, particularly while travelling abroad, is always extremely suggested by embassies. Some countries like Germany, USA, and Canada require you to have medical travel insurance before you can apply for a visa. Since the costs of medical operations, check-ups and other calamities can drain your pockets, such countries make it mandatory for you to be insured just to be on the safer side. Besides medical emergencies, most medical travel insurance plans also cover other events like cancelled and missed flights and even trip cessation. They also cover theft and loss of passport, travel documents or even personal baggage while travelling, which can cause an assortment of troubles, especially when you are in a different country. In case of such ‘disasters’ having medical travel insurance will guarantee proper support and can save you a lot of time and money. There are numerous policies you can now buy or compare online. Tick off the major calamities and choose a plan accordingly. How Does Medical Travel Insurance Work? Insurance Companies charge a premium amount based on the country you are planning to visit. If you wish to travel to Schengen Countries, i.e., Europe, they can charge you around INR 2,800 – 5,000 depending on the plan you’re choosing. You can buy travel insurance policies based on a customized approach as well, meaning it is crafted to your requirements and needs. Experts recommend buying travel insurance policies in your native land as the rates in other countries keep fluctuating. Types of Travel Insurance Policies Travel insurance plans are chiefly of two types: domestic travel insurance which covers you travelling within your country and International Travel Insurance which covers your trip abroad. Now, that we have established a basic understanding of this, we can move on to the types of medical travel insurance available to us. • Student Travel Insurance is for students who are travelling overseas for pursuing higher studies. The coverage accessible by these plans includes loss of passport or other travel documents, medical treatment, and interruptions connected to your studies. • Family Travel Insurance is a plan that covers families on a trip that’s planned within the country or overseas. It covers medical treatment, loss of important documents and loss of luggage/baggage and delay or cancellation of your flight. • Senior Citizen Travel Insurance is as it suggests for senior citizens between the ages of 61 to 70. Such a plan covers hospitalization, dental treatment, and other fundamental benefits. • Corporate Travel Insurance is solely dedicated to the employees of a company or organization during an international or domestic trip. How to Buy Travel Insurance Policy Before buying a travel Insurance Policy, one must decide which plan is beneficial to that individual or person. There are different insurance plans for different individuals. A student must take coverage for a longer period than a tourist. You must ensure your coverage includes all essential disasters or mishaps like document loss, flight delay/ cancellation, medical treatment, and so on. To buy travel insurance policy, you must be smart and decisive. Deiced what all you think is required to be covered and compare before you buy online or offline. There are different policy types you can buy. Most companies offer silver, platinum and gold coverage. Though the platinum one costs more, it offers more coverage and is highly recommended. Also, compare before buying because one plan may not offer the same coverage as the other plan. Take time to decide on the best and most suitable policy for you. For more updates and News visit Policybazaar Wikipedia Page |
AuthorInsurance and financial manager. Archives
May 2018
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