Travel insurance will cover various kinds of risks associated with your journey. If you are travelling alone, you should take additional care as you should be able to manage the situation when something goes wrong. There are various kinds of travel insurance policies offered by Indian companies. You should choose a plan that best fulfills your needs. If you are covered by a health plan offered by your company, you should fill the gaps with the travel insurance plan.
Benefits of travel insurance plan
The best Travel Insurance Policy will take care of your needs in a very efficient manner.
• Medical emergency - The travel insurance plan will protect you from medical emergencies. If you make a claim, upfront payment will be done by the insurance company. When you have access to cashless treatment facility, there will be great convenience.
• Trip delay/trip cancellation – If you pay higher insurance premium, you can take advantage of the trip cancellation benefit. You should be aware of the trip length and trip delay clauses as well.
• Age restrictions – The travel insurance plan should fulfill your needs. If you are above 65 years, some restrictions are applied by the insurance company.
• Loss of baggage – If there is loss of baggage or personal items, the insurance company will bear the expenses. You should declare the value of items in your policy proposal form. The insurance company will take all possible searches to find out the lost baggage. If your baggage cannot be traced due to several reasons, you can make the claim.
• Loss of travel documents – Loss of travel documents will be replaced by the travel insurance company. As soon as you notice the loss of travel documents, you should report the information to the insurance company.
• Personal liability – The travel insurance company will offer legal help if you are involved in an accident.
• Single/multi-trip – If you travel very rarely in a year, you should go for a single trip travel insurance plan. For frequent travelers, the multi-trip travel insurance plan is ideal.
You should go through the terms and conditions of the travel insurance plan very carefully. Some travel insurance companies offer full coverage for the pre-existing health conditions. Other policies stipulate that your health should be stable for few weeks or months before covering the pre-existing conditions. Even though the premium is high, you should opt for a policy which covers the pre-existing health issues so that there will be great satisfaction.
Cash hospitalization
The travel insurance policy offers cashless treatment facility. It is the best policy to take care of your medical emergencies. You can carry the electronic travel insurance card from your insurance company so that there will be great convenience. The insurance company will have agencies in various countries. The services will be rendered through their partners in a seamless manner.
How to choose the travel insurance plan?
Before buying a travel insurance plan, you should assess your insurance requirements. The policy should be purchased based on your single trip or multi-trip needs. It should offer the medical and dental coverage.
The following features are prominent in a travel insurance plan:
• Trip cancellation/ trip interruption/trip delay
• Loss of baggage
• Pre-existing medical conditions
• Emergency medical reunion
You should share complete information in the proposal form so that the insurance claim will not be rejected by the insurance company. If the insurance company comes to understand that your information is false, it can reject the claim.
You can buy travel insurance policy from the following companies:
• SBI Travel insurance
• TATA AIG Travel Insurance
• Bajaj Allianz Travel Insurance
• HDFC ERGO Travel Insurance
• Bharti AXA Travel Insurance
• Apollo Munich Travel Insurance
Types of travel insurance plans
Individuals can buy domestic or international travel insurance plan as per his or her requirements.
• Domestic - If you are travelling within the county, you can opt for domestic travel insurance plan. If you are travelling to a foreign country, you will want to overcome various contingencies as part of your journey and stay.
• International - International travel insurance policy will offer comprehensive coverage. The policy will take care of your medical expenses, baggage, travel delays, repatriation, and loss of travel documents.
• Student - With the help of the student travel insurance plan, student will be able to pursue higher studies in a distant land. Students who enroll in academic or professional courses will cover various kinds of risks with the best student travel insurance policy. The policy should be in tune with your university/school requirements.
• Medical – The medical travel insurance plan will cover healthcare as well as medical expenses. If you are travelling solo, there is every need to cover emergency medical expenses.
• Senior citizen – If you are in between 61 and 70 year age group, you will get benefits under the senior citizen travel insurance plan. You will have a pleasurable travel experience when you are insured by a reliable company. The insurance company will extend help you fulfill the needs of senior citizen in the best possible way.
Key features of travel insurance plan
• Covers flight issues – The flight delay or cancellation will be covered by the insurance policy. You will get accommodation at the nearest hotel until your catch the next flight.
• Medical liability – If you meet with an accident, the insurance company will bear the medical treatment expenses.
• Legal liability – Various kinds of legal expenses will be covered by the travel insurance company.
• Loss of baggage – The loss of luggage and travel documents will be covered by the insurance plan.
Conclusion
Before buying a travel insurance plan, you should be aware of the limitations of the policy and the coverage extended by the policy. The policy should cover the places of visit and the duration. The insurance policy should be adequate enough to absorb all kinds of travel-related risks. Trip delay, trip cancellation, loss of baggage and medical & dental coverage will certainly help you accomplish your vacation with great ease. The solo travel insurance plan will be a great companion during your vacation.
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