If you are travelling overseas travel insurance should be a crucial companion. Leading Insurance Companies in India offer comprehensive plans. You now have the option of buying International Travel Insurance online which allows you to get coverage overseas.
Consider Buying International Travel Insurance Online Indian Insurance companies offer accidental, emergency and health coverage. They will insure you against: • Trip Cancellations. • Loss of checked baggage or passport. • Medical Expenses. • Accidental death or disability. • Dental expenses. Some travel policies offer further benefits if you need extra protection. There will be an extra premium. A few conditions: • Third Party supplier insolvency. • The onset of existing medical ailments. • Accidental Dismemberment and Death (AD&D) cover. • High – risk or Adventure Sporting Pursuits. • Cover for travel to destinations with high risk or war zones. When you consider buying International Travel Insurance online it can generally be arranged when you book the trip. It will cover the extent of the trip. A multi – trip policy will cover an unlimited number of trips in a set time frame. There could be a policy for Corporate Frequent Travellers. Some policies offer higher and lower medical costs options. The higher ones are provided for countries like the US that have high medical costs. Some Travel Insurance Plans provide cover for burglary of your Indian home while you are away. Also, various travel policies will provide you with an Emergency Cash Advance. During emergencies such as theft of money or luggage the company will contact your relatives in India. Emergency Cash Assistance will be provided according to your need up to the specified limit. There is another important benefit of travel insurance. Your insurer will contact the relevant authorities if you are in trouble in a country where English is not spoken regularly. Typical Exclusions in Standard Policies – They exclude travelling to receive medical treatment, elective surgery, treatment for illness or injury caused by alcohol. Also, pre – existing medical ailments are not covered. Common Policy Features Eligibility – All ages between 3 months and 70 years and senior citizens 71 to 100years can access travel insurance. Policy Duration – The policy will include trips from 1 day to 360 days. Most Insurance Companies will provide coverage for 180days and extend it for a further 180days. Travel Insurance Advice When buying International Travel Insurance online it is essential that you check whether the policy covers overseas travel, domestic travel or both. Ensure that you purchase the policy from a genuine licensed broker or agent. Read the prospectus carefully to get to know what the policy covers. Buying International Travel Insurance Online When buying International Travel Insurance online it is important to compare travel insurance plans and choose the best policy. Policy Bazaar is a one stop platform where you can compare travel insurance plans with insurance companies in India. Immediate Claim Settlement with Cashless Options – Collect your E Card from the insurance company before travelling overseas. Insurance providers have agencies in overseas companies which will settle claims. This will be an advantage if you are already travelling abroad. Register with the E Card number to be eligible for treatment in the country you are visiting. You can get cashless hospitalization at a network hospital and it must be for inpatient hospitalization only. Online Applications When buying international travel insurance online: • You will need to complete the online application. • You can use a cheque, a debit card or a credit card to purchase Indian travel insurance. • When the transaction is completed you will receive an email with the transaction details. • The policy document will be sent by email or couriered (on request) to your Indian address. If the insurance company permits you can renew an existing policy by completing the relevant form. Approval will take time and is not guaranteed. If you are overseas you can use the customer outside India request and complete the online application. An App to Provide Travel Insurance Claims Travel – Ezee will pay claims for travel delays before the claim has been registered online. The app uses blockchain technology. If a flight has been deferred a third party will contact the insurance company so that the claim can be processed immediately. You will have to open the mobile append to enter your account details. The flight details must be entered previously on the company’s website. Arranging for Travel Insurance when planning an overseas holiday makes sense when considering what can go wrong. There are many benefits and a policy will cover health issues and other emergencies. Technology has made the Insurance Industry a more viable place to deal with and buying International Travel Insurance online makes sense. This also means you can purchase a policy while you are abroad. Compare Travel Insurance Plans and choose the best policy and you will be able to relax and enjoy your holiday. For more updates and News follow Policybazaar Youtube
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AuthorInsurance and financial manager. Archives
May 2018
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