Everyone likes to travel. People like to travel for some time to get relief from their stressful life. Many people are very fond of traveling and roaming and every day they go out to visit some place or the other. In such a situation, nowadays people have started planning it and travel insurance is becoming an important part of it. Travel insurance is as important as life insurance and health insurance are. In this, the type of policy you buy, you get the same facilities. It is very important for people traveling abroad to have travel insurance. Here we are going to give you important information related to travel insurance which will be very useful for you.
What is travel insurance?
Travel insurance provides coverage for a variety of emergencies such as medical expenses. This coverage also includes expenses such as medical expenses and financial assistance in travel emergencies such as baggage problems at check-in or lost luggage during travel. This gives you many other benefits as well. It also covers the risk of all travel. There are many companies offering travel insurance and their premium charges vary and the facilities also vary accordingly. Let us tell you that the insurance company gives you compensation for travel emergencies and this insurance is available not only for foreign travel but also for domestic travel.
What is covered
-If you meet with an accident or fall ill while traveling abroad, you can get medical help immediately. A Cashless claim facility is available if you go to a network hospital, while you can claim reimbursement with necessary documents if you get treated in a non-network hospital.
-If you have taken travel insurance, then the insurance company will pay for all the expenses that you have already incurred. However, it depends on the amount of sum insured you have taken and your expenses. This payment will be made only after verifying the authenticity of your claim for cancellation of the journey.
- You are going somewhere and your passport, baggage, or documents have been lost or damaged due to some reason. But if you have travel insurance, then you do not need to worry about all these things. In the event of a passport being lost, your insurance covers everything towards the cost of obtaining a duplicate or new passport.
-Imagine you are on your vacation and you have lost your credit/debit card and you are getting a message to use it, what will you do? Well, we don't want to scare you, but with the help of travel insurance, you can get back your lost money through stolen payment cards up to 12 hours before you first report the incident.
How is the premium decided?
Your travel insurance premium is calculated based on your choice of plan. The premium is decided according to the duration of your trip, single trip plan, multi-trip plan, student plan, or senior citizen plan. Apart from this, according to your holidays, you can get additional cover added to your travel insurance plan. For example, you can add home insurance, and cover expensive items, and important documents. However, the premium for all these additional covers will also be higher.
Keep these things in mind while buying the policy
If you have made up your mind to buy a travel insurance policy, then before buying the policy, make sure to check what covers are available in it. Choose the policy according to your need. If you travel both within India and abroad, check whether it covers both domestic and foreign travel. If you travel only within the country, there is no plan to travel abroad at present, then choose the policy accordingly. Apart from this, you must ask the insurance agent questions related to all the doubts and apprehensions arising in your mind. It is very important to know what are the terms and conditions. Many times people do not pay attention to these terms and conditions and later get into trouble due to this.
These things are not covered
With so much preparation, you are going on a trip and also taking travel insurance, so be a little smarter. Also, find out about the exclusions of your policy. Exclusions refer to situations for which you are not covered under travel insurance. Read your policy carefully, if you do not understand, you can seek clarification from the insurance company or agent, but no doubt should remain. You will generally not get coverage for the following conditions pre-existing diseases or conditions, risk of war, suicide or insanity, or adventure sports.
How to claim while traveling abroad
Your preparation is solid and you have also taken travel insurance. Now the question is that if What and what to do if there is a need to take a claim? Generally, insurance companies provide hotline numbers for travel insurance where information regarding claims should be given. Along with this, you should also inform the relevant authorities and departments (to whom the matter may be concerned), such as - Police, Indian Embassy, Transport Companies, etc. A claim form is usually provided with each travel health insurance policy document. This is because you are at a far-off place and cannot get the claim form in case of an emergency.
Pay attention to these things
-To buy a policy, do not think of taking the cover as per the travel agent only. Gather as much information as possible and choose your option yourself.
-If you are in a rush to buy cheap travel insurance, avoid doing so as it may not be adequate for your needs.
-Just like you plan for visa and air tickets well in advance, do the same for travel insurance.
-After getting the necessary medical tests done, obtain the reports thereof and fill up the proposal form for the travel insurance policy completely and truthfully.
- Estimate the entire duration of your trip in advance and accordingly take a travel insurance plan for the entire duration of the trip.
-If you have to extend your travel period midway, contact your insurance company before the expiry of the travel insurance policy and extend the insurance period by submitting the necessary documents.
-Read your insurance policy thoroughly and keep the contact details of the claim handling agency with you so that you can reach them quickly in case of an emergency.
