Buy Insurance and Neutralize Travel Related Risks

Travel insurance is an insurance product designed to protect the insured against unexpected losses and expenses and any other associated risks involved while traveling. It is considered a smart investment to safeguard bookings and valuables when traveling to domestic as well as overseas destinations. Just like any other insurance product, an international travel insurance cover has its own set of specific list of inclusion and exclusion criteria, which must be considered while purchasing the product.

Why do you need travel insurance?

As exciting as it may be, traveling always involves certain risks-physical or financial. These risks might involve getting injured, falling sick, being involved in an accident, losing luggage or theft of valuables. While many people believe international travel insurance cover to be another scam, those travelers who have benefitted from it attest to the need for a great insurance plan. Travel insurance comes to the rescue in time of emergencies and can prove to be of great assistance when you are traveling overseas.

Risks you can neutralize with travel insurance.

1.     Flight Delay or Cancellation

While planning any trip, the first thing we check is the availability of flights and at times the whole trip is planned around them. But what if there is a delay in your flight and as a result, you miss your connecting flight. Or due to some unexpected event, the flight gets canceled. Such incidents can derail the whole travel plan and turn the trip into a harrowing experience. With international travel insurance cover, such events and the expenses incurred thereof are covered. The insurance provider, if so mentioned would also cover the expenses that might have to be made for fresh bookings in such events. We have often heard that the airlines refused to board some passengers due to overbooking of the flight. If such situation arises, the travel insurance would help you book another flight and not leave you stranded. This also prevents adding extra expenses to your credit card bills. Sometimes flight insurance under the international travel insurance cover also provides coverage for you and your family in case of a plane crash.

2.     Loss or theft of Baggage

Travel enthusiasts are witness to the fact that the odds of losing luggage in transit are quite high. At times the luggage may be delayed, lost or damaged during the course of your trip. While this risk factor is included in most international travel insurance cover, there may be certain sub-limit to your valuables such as jewelry, electronics etc. Such conditions must be considered while comparing and buying the insurance plan. It is also critical to note that in case the baggage was lost due to negligence on the part of the traveler; it is grounds for rejection of the claim. For instance, if the baggage or electronics were left unattended, leading to theft, the policy provider is not liable to pay the claim.

You may like to read : Travelling within India? Do not forget to buy a domestic travel insurance policy

3.     Trip Interruption or Cancellation

Certain emergencies might result in you canceling your trip or cutting it short to rush back home. Such eventualities are covered under the domestic and international travel insurance cover. In the absence of travel insurance, the expenses incurred due to trip cancellation or interruption, are borne by the traveler. The insurance will cover your expenses if your trip had to be canceled due to some unforeseen reasons such as health issues or if a non-refundable prepaid tour gets canceled. If it's mentioned in the plan, travel insurance also covers the expenses in case the trip gets canceled due to unfavorable weather conditions.

4.     Medical Expenses

Medical complications can not only create havoc for your trip but also mount the credit card bills. Purchasing a good domestic or international travel insurance cover, which covers a comprehensive list of medical expenses, is advised. Before leaving for the trip make sure the cover is in force, this might require you to declare any pre-existing medical conditions. Even if you are traveling with a clean bill of health and have a great health insurance, you never know when an emergency may strike. It could be worrisome and be tormenting to locate and pay for medical services on foreign land. Also, it is imperative to note that the policy won’t cover the expenses in case you are traveling to get a medical procedure done in the destination country.

5.     Evacuation Insurance

Certain emergencies may require you to be transported to the nearest medical center so that you can receive the relevant medical services. These could mean the use of special services such as air ambulance, which can prove to be quite expensive. These costs are covered if evacuation insurance is included in your interstate or international travel insurance cover. Although, keep in mind that unless specified otherwise, the policy would not cover evacuation costs in case of adventure sports such as skydiving, scuba diving etc. In order to include costs for such dangerous activities in your insurance cover, you can look for a product that is designed keeping these activities in mind. Also note that most insurance providers exclude certain events from this such as political crisis, nuclear threat, terrorist attack etc.

6.     Accidental Death or Disability

Travel insurance cover also provides a lump sum amount to the insured’s beneficiary in case of accidental death or disability subject to the terms of the policy.  It is important to note that this claim however would not be payable in case the event occurs when the insured was under the influence of alcohol or drugs as most insurance providers consider it as grounds for rejection of claim.

While these are the six basic risks covered and neutralized by most of the domestic and international travel insurance cover, you could purchase an additional cover or upgrade your existing travel insurance plan to include specific risks such as identity theft, car rental insurance etc. to create specialized coverage. Buying travel insurance not only takes care of the many risks involved while traveling but also assists you in case of emergencies. Most of the insurance providers help their policyholders with an emergency contact number, which is available round the clock for any kind of assistance when traveling overseas.

For more details check ​PolicyBazaar Customer Reviews & Ratings

4 Reasons to buy travel insurance in advance

You should always take lot of precautions when you are traveling out of town. Remember that anything can go wrong when you are in a new location and you should never take any chances in this regard. Always plan ahead and protect yourself and your family members with the best travel insurance plan. You will be glad to know that you can even buy the package insurance plan for all your family members and this will be a good option when you are traveling in a group. Your trip can get delayed or cancelled due to reasons beyond your control and you will be protected in that situation. In some cases, when you have to extend your tour for many days due to cancellation of flights, you will incur additional expenses that can be covered by the policy. In the same manner, any loss of baggage along with emergency medical expenses during travel will be offered coverage under the policy.

Delay and Cancellation of flights is covered by policy

• If your return flight gets cancelled due to some reason, your entire travel plan will go haywire and you will have to spend lots of money to arrange hotel accommodation.

• In the same way, when your flight gets cancelled before you start your tour, you may have to face losses if you have already booked hotel rooms at your holiday destination.

• The same thing can happen when your flight is delayed for a long duration. In some cases, businessmen even book alternate flights at the last minute that can be very expensive.

• Some people even resort to using taxis or other modes of transportation to reach the destination when flights are delayed as this can affect their business activities.

• There is no need to worry about all these problems when you have the suitable travel insurance plan for your vacation.

• This will be very helpful especially when you are traveling frequently and you will be able to get compensation for delays and cancellation of flights.

• Even then, you will have to face some inconvenience due to delays and cancellation. However, you can get some relief when you have a suitable insurance plan for your travel needs.

• This is very important especially when you are traveling out of country as the hotel accommodation and other expenses will be very huge in this case.

• Choose the smart option and have a proper insurance cover for your travel so that you need not have to face such problems.

• Remember that you may be traveling with your family and this can affect everyone in the group when you do not have the best insurance package for your vacation.

You may like to read : What all coverages you will get if you buy a domestic travel insurance policy?

Emergency medical expenses are offered coverage

If you are traveling out of town for vacation or business reasons, you should always buy the travel insurance policy that offers emergency health coverage. This will be very useful when you are traveling with your kids and parents. Remember that the drastic change in weather conditions can affect their health condition and this becomes complicated if they are already having health issues. The expenses for medical treatment at a foreign location can cost you lots of money and you may not even be prepared for such a situation. The smart thing you can do in this situation is to get the insurance coverage for emergency needs and you can include it in your travel plan. It does not cost too much money and you will be able to get emergency medical treatment at any of the network hospitals without paying any money from your pocket. Even when you use other hospitals to get treatment, you can later submit the bills and claim coverage for the expenses. This is a wonderful option for travelers and they can now comfortably travel with their family members without worrying about all these problems.

Loss of passport and travel documents is covered by plan

Many travelers face this problem when they are having a vacation at a foreign location. Without having proper travel documents and passport, you may not be able to come back to your home town. In this situation, you have no other option but to extend your holiday tour till you get the permission to travel back to your home town from the authorities. The expenses for hotel accommodation can be very huge when you have not planned for such issues in the first place. However, you will be completely protected in such cases when you have the best travel insurance policy from reputed companies. This will cover loss of passport and other important travel documents and you can easily handle the situation without much efforts. Make sure that you compare different plans before you choose the best travel policy that offers all these benefits for your travel needs.

Loss of baggage is covered by the policy

It is very difficult to continue with your tour when you lose your baggage. If this happens to you or any of your family members, you will have to make alternate arrangements to handle your vacation. In this situation, having a travel insurance will be very beneficial and this can protect you in such situation. All you need to do is to get in touch with the insurance executives to make the claim for lost baggage and this can be easily done by submitting the relevant documents about the incident.

These are some of the top reasons why you should be choosing travel insurance in advance for your vacation. It can save you from lots of troubles and you can comfortably enjoy the tour with your family members. Remember that you can even get the family floater package and get coverage for all the members in your team. This is a good option and you can easily get medical coverage along with other benefits for all of them. Even corporate plans are available in the market and companies can use them to secure the travel needs of their team members. In this way, a single policy can offer coverage for multiple members in the group.

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Risks of not having a domestic travel insurance policy handy

There are many risks associated with traveling without a proper insurance plan. While many people consider this seriously when they are traveling abroad, they totally neglect this when it comes to domestic travel. This can cause lots of problems when you face health issues or when the flights get delayed or cancelled due to weather conditions. In this situation, you will have to spend lots of money for your medical treatment or other travel arrangements when you do not have domestic travel insurance policy. This problem usually gets complicated when you are traveling in a group and many people can get affected at once due to lack of insurance coverage during travel. All these problems can be easily handled when you have the best travel coverage for your trip and you can enjoy the vacation in a better way when you have peace of mind.

Health risks associated with travel

You are likely to face health issues with senior citizens and kids when you are traveling in a group. This can happen due to long journeys and the climate conditions can also affect their health condition. In this situation, you need to consider getting proper domestic travel insurance policy for everyone in your group. It is possible to get a single policy for the entire group and this will cover all the health expenses during travel. Without a proper travel insurance plan, you will have to bear all the expenses on your own and this can spoil your budget for the entire tour. In some cases, you may have to spend lots of money when the health problem is serious and you will be left stranded in a new place without any help from your friends and family members. To avoid all these issues, you should always travel safely with a good insurance plan.

You may like to read : Travel insurance policies for business travelers

Loss of baggage and other documents

Even a small thing like losing your baggage can play spoilsport with your entire tour. You may have to buy all the necessary things during vacation that was lost in your baggage and this can cost you lots of money. In some cases, you may lose important documents along with baggage and this can result in serious troubles when you are traveling for business related activities. However, you can get coverage for this loss when you choose to get the best domestic travel insurance policy from reputed companies. The policy will help you to claim compensation for loss of baggage and you will be able to enjoy your tour without any problems.

Delay or cancellation of flights

When your flight gets delayed by few hours, you can face lot of issues especially when you are traveling for business activities. You may have to travel by other modes and it can be very expensive when you are planning this in the last moment. In some cases, your flight can even get cancelled and you may be left with no other option but to book other flights or car to reach your destination. This is not a remote thing and it happens very frequently especially during the winter season when you are traveling towards the Northern and Eastern part of India. The climate can play havoc at any time and you will have to bear all the losses without a proper domestic travel insurance policy. On the other hand, when you have a travel insurance, you can easily choose the available best option to meet your emergency travel needs and later get compensation from the insurance company for cancellation of flights.

Extension of trip

Many people get stranded in tourist places during the winter season as the roads and airports can get blocked due to adverse weather conditions. If you are also stuck in a similar situation, you will have to extend your trip without any other choice and this can cost you lots of money. Imagine paying expensive hotel bills for the extended duration when you get stranded in some location due to cancellation of flights. In some cases, the flights can get cancelled for many days at a stretch due to bad weather conditions. Your entire budget and planning for the trip will go haywire with such issues. When you are having the best domestic travel insurance policy, you can easily get compensation for such problems and this can reduce your financial burden by a huge margin.

No accident cover during travel

When you are traveling with a group, you need to secure everyone with a proper domestic travel insurance policy. Otherwise, you will face lots of problems when you are involved in an accident situation. This typically happens when some people in the group may not have their personal accident cover insurance policy. In this situation, you need to bear all the expenses from your pocket and this can cost lots of money. You cannot ask everyone in the group to come prepared with their own personal accident and health insurance cover for the trip. For this reason, you can easily choose the group insurance coverage for all the members in your group and secure them in the best possible manner. This will help you to enjoy the vacation without any problems and you will be fully prepared to handle any emergency situation.

When you consider the situation where your vehicle is involved in an accident and few members of your group are injured, you can easily take them to the nearest registered hospital and avail medical treatment with the help of travel insurance policy. You can even get cashless service in many popular cities of the country and this will be a convenient option for many people using travel insurance.

In this manner, you will be able to avoid various risks associated with travel by choosing a proper domestic insurance plan. This can be extremely useful when you are traveling in a group and you will be able to secure them with the help of travel insurance coverage. This will give you the freedom to enjoy the vacation without worrying about these risks as they can be easily covered by the policy.

For more details check ​PolicyBazaar Customer Reviews & Ratings

How to choose the right travel insurance policy to meet your travel concerns?

There are many service providers offering travel insurance in the market and this can cause lot of confusion for the common public. If you are also looking forward to getting travel insurance for your trip, you need to consider few important factors discussed in this article. This will help you to choose the best policy based on your individual requirements and you will be able to get complete value for your investment in the policy. Always remember to compare and buy travel insurance online as this will give you the best idea about various policies trending in the market. You should never go by what the agents say about the plans and always do your own research to find the best one suited for your individual needs. You should also understand that different policies have different features and each one may be suited for a particular need. In this regard, you should first understand your requirement properly before you begin shopping for travel insurance in the market. This will give complete value for the money spent on the policy.

Understanding different types of travel insurance cover

Every travel insurance policy comes with different set of coverages and you need to understand them carefully before buying them for your trip. You can choose to buy the individual policy or select the couple option according to your travel needs. If you are traveling with your family members, there is an option to choose the family floater insurance plan and this will cover all the family members in a single policy.

• Your policy can get you medical coverage that will be useful for hospitalization expenses during travel.

• If you are involved in an accident situation, you can claim compensation from the company and the treatment can be availed at the network hospitals without paying money from your pocket.

• The policy will also cover any losses that arise due to cancellation of trip due to various reasons.

• You can even get compensation for delay of flights and even cancellation of flights due to weather conditions and technical reasons.

• If you lose your baggage during travel, you can get claim compensation from the company when you have the best travel insurance plan.

Know the exclusions before you buy the policy

You need to understand that every policy comes with its set of exclusions and you have to carefully read them before buying them for your travel needs. If you have any doubts about the coverage offered by the policy, you need to check them with the company executives and get complete clarity before purchasing them. In this way, you can avoid mistakes when you compare and buy travel insurance online and you will also be able to save money. If you are not able to find what you need in a particular plan, you can easily move ahead to a different service provider and get the best policy for your trip.

Claim Limit of the policy

You have to carefully check the sum assured amount offered by the policy before you buy them for your trip and see if this will be enough to cover any damages in future. This will be clearly mentioned in the policy document and you can even get to know this value before buying the policy. However, there is an option to increase this amount by paying additional amount of premium for the policy. You can compare and buy travel insurance online from reliable sources to get the best sum assured value and maximum coverage for your trip.

You may like to read: Traveling with Your Kids on a Plane? Here is What Should You Know

Tenure of the policy

This is a crucial factor you need to consider when buying travel insurance. Remember that you can choose any duration according to your individual travel needs and secure yourself during travel. It can even be chosen for a small duration of few days if you are only planning for a single trip. On the other hand, when you want to travel frequently, you can choose the annual coverage that offers coverage for the whole year and choose the number of travel days within this plan. In this way, even though you have the option to use the coverage throughout the year, you can choose the number of travel days according to your convenience. You can compare and buy travel insurance online and get to save money as these service providers offer lots of discount.

Does it cover your travel destination?

While it is common for travel insurance policies to cover all the destinations across the world, you should still confirm the details with the company executives. In some cases, few places may be excluded from the coverage and you should not face troubles later with such policies. If your destination is not covered by any plan, you can easily choose another service provider in the market. In this way, you need not make any mistake when you compare and buy travel insurance online from reliable sources.

Compare plans from different companies

It is always a good idea to compare and buy travel insurance online as this will help you to understand the different options available in the market. You can also get to save money in this way as you can get the best policy that gives maximum coverage at the least cost and you will be able to enjoy your trip comfortably in this manner. You can even get free quotes for the plans and this will give you complete idea about the cost of buying travel insurance for your trip.

Easy way to buy travel insurance policy

You can choose to get in touch with the insurance companies directly to buy travel insurance. This is a good option when you are having good experience in this field. If you are still new to this concept, you can choose the online service providers as you get to choose between different service providers in a single platform. You can compare the rates and features of different policies and choose the optimum package for your travel needs.

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6 Travel Insurance Myths Busted

While planning a trip, domestic or overseas an essential step is to buy best overseas travel insurance plan to make sure that you are covered for any unforeseen expenses on your trip. Although some travelers understand the need and importance of travel insurance, a majority of the population believes it to be an unnecessary purchase. This is generally due to the various myths associated with travel insurance, which are often perpetuated due to incomplete and incorrect information we may receive from various sources such as inaccurate travel blogs, acquaintances or even you travel advisor.

Here we bring you 6 travel insurance myths that need to be busted so that you can buy best overseas travel insurance without any reservations.

1.    I don’t need Travel insurance as I already have health insurance

This is by far the most common myth regarding travel insurance. Many people believe that travel insurance is health insurance you purchase while traveling abroad. This is not entirely accurate, while you might have an extensive health insurance plan, it is not a given that it will cover any medical expenses you might incur when traveling. Also, it is essential to note that overseas travel insurance provides for more than just medical care. It can also come to the rescue if you lose your luggage, passport or you are not able to board your flight due to overbooking.

Hence, it is advised to buy best overseas travel insurance plan for you and your family before going on a trip, domestic or international, even though you might already be covered under a health insurance plan.

2.    All overseas travel insurance plans are same and it makes no difference, which plans you purchase

False. This is another myth that prevents travelers from understanding and investing in a sound travel insurance plan. Just like a life insurance plan or health insurance plan, travel insurance plan is not one size that fits all. It can be customized and selected based on your respective set of needs. It is also important to note that insurance providers have a different set of inclusions and exclusions. Certain policies consider and cover expenses that might arise due to a pre-existing medical condition while some plans specifically exclude such expenses. Such aspects differentiate each policy and make it pertinent for you to consider the terms and conditions for each policy in depth in order to buy best overseas travel insurance plan. 

3.    You must purchase the travel insurance from your travel agent

This is yet another myth that is not only entirely inaccurate but also makes people believe that travel insurance is yet another scam and they dodge purchasing any such cover. As with any insurance product, you can buy best overseas travel insurance plan either online or through your insurance agent. The key aspect to keep in mind is that your travel insurance must cover the essential factors such as loss of luggage, passport, delay or cancellation of flight, basic medical care in case of a calamity etc. If all your required scenarios are covered under the plan chosen by you, it does not matter where you purchase the policy. Many people buy travel insurance from their travel agent as they can guide the customer regarding the best policy for the specific country he/she plans to travel but with the arrival of so many online portals, it has become much easier to compare and buy best overseas insurance plan online.

You may like to read: Want to Claim Compensation for Lost, Delayed or Damaged Luggage? Here is How to Do it

4.    It is better to purchase travel insurance once you reach the destination country

There are many people who believe that you should purchase travel insurance once you reach the destination country as it ensures you get a better plan and save money. While the former can be true in certain cases, “certain” being the keyword, it is definitely much smarter choice to buy best overseas travel insurance plan before you depart for your trip. In fact, it is advised to purchase the travel insurance plan as close you make any payment towards your trip. This would ensure that even your flight bookings are covered by the insurance plan.

5.    Travel insurance is always costly and an expense you can avoid

Unlike popular belief travel insurance is not always expensive. You can opt for the more affordable plan, which covers your basic needs. While this is an expense you can avoid, it is strongly suggested that you do invest in an overseas travel insurance plan to safeguard you against any emergencies that might incur during the course of your travel. Travel insurance can become an expensive affair if you try to insure anything and everything under your plan. Make sure you check the most critical factors to keep in mind when you buy best overseas travel insurance plan.

6.    I can do anything once I purchase travel insurance

This is another myth, which is entirely false. Most of the policy providers stipulate certain terms and exclusions in a travel insurance plan. For instance, if the insured was under the influence of alcohol or drugs at the time of the incident, it can be a ground for rejection of the claim. Or, if the loss of luggage was found to be because of the negligence of the customer such as leaving the luggage unattended at the airport, the policy provider is not liable to reimburse any claims, subject to the terms of policy. Hence, even if you buy best overseas travel insurance, you are responsible for the actions and their consequences to a certain level.

   

So the next time you plan a vacation, think about the significance to buy best overseas travel insurance plan before you dream about the sand between your toes or the picturesque beauty you would be enjoying. Also, before going on a business trip, if you buy best overseas travel insurance plan, you can rest assured about any unfortunate incidents such as flight cancellation, loss of luggage etc. and you can focus better on your work. Make sure that you research and understand the travel insurance product before making the purchase and all your needs would be covered by the plan.

For more details check ​PolicyBazaar Customer Reviews

Plan Your Next Trip and Save Smartly

To save money on your next trip, you should prepare your budget and plan the trip as per your budget. You should set a goal amount so that the money can be saved to reach the goal. By adding few extra bucks, you will have sufficient amount to undertake your plan. Your travel plan should include a subscription to a comprehensive insurance plan. Various risks associated with the trip can be overcome in the best possible way with the help of travel insurance plan. 

Best measures to save time and money 

The following tips will help you save time and money: 

• Coupons and discounts – You can use travel coupons and special deals on various routes. The coupon websites will present coupons to get a special discount so that you can make the most of your money. 

• Travel off-season – Instead of traveling during the peak season, you can plan your travel during the off-season. The dates and destination should be planned very carefully. You will have a great time at the destination as there will be sufficient freedom of movement. During the off-season, the prices will be cheaper. 

• Hotel deals – You can save money by booking your accommodation through online. As you go through the reviews and ratings offered by customers, you can figure out the right hotel as per your budget and comfort level. 

• Vacation rental sites – The vacation rental sites will help you find right hotels, resorts and other amenities. By using the discount coupons posted on the site, you can enjoy additional benefits such as a discount on the fare, boarding and lodging facilities. 

• Insure your trip – It is very much important to insure your trip so that you can make the most of your investment. Overseas travel involves various risk factors. The luggage, health, transport and sightseeing facilities, accommodation and other aspects should be covered as per your needs. 

You should insure your Overseas Travel Insurance Plans as soon as the itinerary is prepared or after making the first payment towards the trip. 

How to buy overseas travel insurance plan?

The insurance application should contain complete information as is available in the passport. In addition to the name, age, date of birth, mobile number, address, passport number and ticket details, you should provide information about the beneficiary as well. Before buying a policy, you should be aware of the cancellation procedure and travel exclusions as well. 

Types of plans – There are different kinds of plans. Individual, family and group policies can be subscribed as per the number of persons. There are travel policies to cover the needs of student and businessman. Hence, the most appropriate plan should be chosen as per the features of the insurance plan. 

You may like to read : Going Abroad for Your Honeymoon? Here is Why Travel Insurance is a Must

Insurance aggregators – You can explore a number of options by going through the insurance aggregator’s website. The website will present various plans that meet the criteria selected by you. The travel insurance policy can be opted as per the budget, ‘sum assured’ and risk factors. You should subscribe a comprehensive policy so that there will be absolute peace of mind. 

An individual travel insurance plan 

The medical expenses and hospitalization in a foreign country are very expensive. By buying a travel insurance plan, you can overcome the contingency at a fraction of the cost. 

Features 

• Covers hospitalization 

• Loss of baggage

• Quick disbursement of claims 

• Best policy to meet the needs of Indians 

• International toll-free numbers 

• Personal accident 

• Loss of passport

• Personal liability 

• Trip delay 

• Emergency cash advance 

A family travel insurance plan 

The family travel insurance plan will cover the entire family. A family plan is available for two adults (less than 60 years) and two children (less than 21 years). 

Features 

• Cheaper than an individual policy 

• Covers all standard and unforeseen circumstances

• Flight or train cancellation 

• Hotel booking cancellation 

• Package tour cancellation 

• Hospitalization expenses 

• Bad weather 

• Loss of passport, credit card, luggage and others 

Senior citizen insurance plan

Elderly travelers who are above 70 years can go for senior citizen travel insurance plans. Even though the premium for senior citizen insurance plan is high, it will cover the risk in a very efficient manner. Hence, you should not hesitate in purchasing the insurance plan. 

A senior citizen travel insurance policy can be customized to meet his/her requirements. The policy will meet the statutory requirements of the visiting country as well. 

Before buying a plan, you should be aware of the exclusions and medical tests that are mandatory to be covered by the policy. 

Features 

• Covers pre-existing ailments 

• Hospitalization 

• Intensive care treatment 

• Ambulance services 

• Loss of baggage 

• Surgical care 

• Flight delay/flight cancellation 

Student insurance plan

A student will face a number of unanticipated risks during the study period in a foreign country. Universities, as well as governments, stipulate the possession of a comprehensive insurance policy. Some universities will insist upon the insurance policy as per their terms and conditions. Hence, students should be aware of their own needs as well the requirements of the foreign institution before applying for the insurance plan. 

Features 

• Study interruption

• Repatriation of remains 

• Emergency medical evacuation 

• Personal accident cover 

• Mental and nervous disorders 

• Sponsor protection 

• Accident medical expenses 

• Maternity benefits by the termination of pregnancy 

• Home burglary cover 

• Loss of baggage/passport 

• Bail bonds and tuition fee

• Dental pain relief 

• Trip cancellation/curtailment 

Student travel insurance policies are offered by various reputed insurance companies in India. Some of the popular companies are TATA AIG, Bajaj Allianz, Reliance General Insurance Company, and HDFC Ergo. 

Conclusion 

There are many options for Indians in choosing the Overseas Travel Insurance Plans. You can buy an online policy at best price and the policy can be customized as per your needs. The little premium that you for the policy will cover major risk and there will comprehensive coverage of risk. You are advised to compare various policies to settle for the best!

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Going Over Seas With Your Friends? Here is Why Buying Travel Insurance is Necessary

If you are visiting a foreign country as a group, you can purchase a group travel insurance policy. The group travel insurance policy is affordable and it can be customized as per your needs. Various kinds of risks during the journey such as loss of baggage, hospitalization and personal liability can be overcome by subscribing to a comprehensive travel insurance policy. A travel insurance policy will combine the benefits of the travel insurance plus medical insurance. Even though you possess a health insurance plan, you should subscribe to a comprehensive travel insurance plan to make the most of your investment. 

Benefits of travel insurance plan 

A group travel insurance plan can be subscribed from the comforts of your home or office.  You can Compare Overseas Travel Insurance Online and the best policy that fulfills your needs can be subscribed very easily. 

• Emergency travel benefits – The emergency medical conveyance and travel costs for medical repatriation will be offered by the travel insurance company. 

• Emergency medical costs – The expenses that are incurred due health issues while traveling will be borne by the insurance company. You should go through the terms and conditions of the policy to understand all the features under the policy. 

• Medical deportation – The medical deportation facility will be offered by the insurance company. The medical deportation costs are very high. Hence, you should buy a policy to cover the risk. By paying few hundred rupees in Indian currency, you will get benefit in thousands of dollars. 

• Loss of key documents – You should carry your passport while traveling to a foreign country. If you lose or misplace your passport, a new passport will be arranged by the insurance company. As soon as you realize the loss, the information should be brought to the notice of the insurance company. 

• Cancellation of the trip – The trip might be canceled due to various reasons. The health issues or destination-related issues will affect your journey. If the trip is canceled, you will want to lose money on various fronts. The loss will be minimized or made zero with the help of a comprehensive travel insurance policy. 

• Hijack disaster – The hijack disaster can be covered by the travel insurance policy. The premium for covering the hijack risk will be based on the risk potential. The insurance company will pay compensation for every 6 hours of loss.

• Trip interruption – The trip will be interrupted due to various reasons which are beyond your control. The travel insurance company is liable to pay accommodation charges or travel compensation as per the case. 

You may like to read : Here is How a Travel Insurance Plan Can Keep Travel-Related Troubles Away

Exclusions 

You should be aware of exclusions in a travel insurance plan. If the trip is canceled by the tour operator, the cancellation is not covered by the insurance company. However, you can strike a special deal with the insurance company to include the trip cancellation by the tour operator in which case, you will get the compensation. 

• Pre-existing health issues – The pre-existing health issues are not covered by the insurance company. If you are suffering from health issues, you should get medical advice and get fitness certificate from the doctor before the commencement of the journey. 

• Sports injuries – If you participate in adventure sports, the loss or damage occurred due to injuries will not be covered by the travel insurance policy. 

• Mental disorders – The mental illnesses are not covered by the travel insurance plan. If there is self-inflicting injury such as suicide, it will not be covered by the insurance plan. 

HDFC Ergo Group Travel Insurance Plan 

Every organization will offer a group travel insurance plan to cover the needs of employees. The group policy can be customized as per your needs. 

Features 

• Covers international travelers 

• Frequent travelers can opt for multi-trip travel 

• Assistance provider services

• Contingency travel benefit 

• Emergency travel 

Frequent flyer interruption – Under the frequent flyer interruption, users will have access to emergency travel, contingency benefit and assistant provider services. 

Optional benefits – The optional benefits offered by the travel insurance policy include emergency medical expenses, emergency travel benefits, baggage delay, baggage loss, hijacking, flight delay, trip cancellation and trip interruption. 

Bajaj Allianz General Insurance Company 

• Covers medical expenses, evacuation, and repatriation 

• Emergency dental plan 

• Loss of baggage 

• Loss of travel documents 

• Personal liability 

• Trip delay 

• Hijack 

Bajaj Allianz offers various kinds of group insurance policies to fulfill the needs of all kinds of customers. The corporate plans are ideal to accommodate several employees in a single policy. The premium will be low and the benefits will be many. The policy can be bought online after customizing it as per your needs. 

Reliance group insurance 

The travel insurance plan covers the following risks: 

• Trip cancellation 

• Flight delays 

• Loss of luggage 

• Loss of passport 

• Emergency medical expenses 

• Special distress allowance 

The policy can be customized as per your needs. The policy comes with the free international debit card. Some of the convenient features include cashless hospitalization, no medical check-ups, and expenses towards the emergency evacuation to India will be covered by the policy. 

Selection of overseas group travel insurance policy 

The group travel insurance policy should offer 100% trip cancellation coverage. You should get clarification about the percentage of cancellation coverage if the insurance company fails to offer 100% trip cancellation coverage. 

The trip interruption coverage will be up to 150% by some travel insurance companies. You should be aware of the claim settlement ratio of the insurance company before ordering a policy online.

You should get quotes from three or more insurance companies. After comparing the features, insurance premium, claim settlement ratio and customer support offered by various travel insurance companies, you can settle for the best policy as per your needs. 

Conclusion 

A group travel insurance company is a convenient option to maximize savings and it will cover various risks in a very efficient manner. You can buy a group policy online. 

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Travelling in a group? This is why you should buy a group travel insurance

When you are traveling with your group of friends and family members for a vacation, you need to make the best travel arrangements so that you will have a memorable trip without any problems. In this situation, make sure to include a proper travel insurance for everyone in the group. You never know when any problem can strike you during travel and you will be on the safe side when you get best travel insurance cover for your group. The best part about choosing such plans is that you can easily avoid buying the policy for each individual and you can instead get one policy for the entire group. Yet another advantage of choosing this option is that it saves lot of money as the premium amount per person will decrease drastically when you compare it with the individual plans. This will ensure that your vacation can go smoothly without any problems and you will not face any inconvenience due to lack of insurance cover. It is not very expensive and you can easily get to know the quotes for various plans by choosing the services of online portals. In this way, you can easily calculate your budget for the vacation and include the insurance cover as part of the trip expenses.

Group Travel Insurance for businesses

Many companies choose to get best travel insurance cover for their entire team so that they can save money on the premium amount. In this way, there is no need to buy insurance policy for every employee when they have to travel for work related activities. The coverage can be extended to all the members in the team and the companies usually choose the annual policy for their team. This means that the coverage will be available throughout the year and the employees can travel anywhere for work throughout the year. This can be chosen for both domestic as well as international travel needs. However, you need to buy separate policies to cover domestic and international travel for your team.

Group travel insurance for families

Not only companies, even individuals can choose to buy this policy for their family members and friends when they are planning a vacation together within India or abroad. This ensures that every person in the group will get adequate health cover and accident cover during travel. This can be a huge relief when you are planning the trip with many people as you never know when an emergency situation may strike one of them. You will be completely protected and even financial loss arising out of loss of baggage or flight cancellation and delays will be covered by the policy. All you need to do is to get best travel insurance cover whenever you are traveling in a group and enjoy your vacation in a comfortable manner.

You amy like to read : Before You Take Your Next Trip, Here's Why Should Need Travel Insurance

Benefits of choosing group travel insurance plans

•        You can easily get accident coverage with this policy and this will mean that you can get the best treatment at the nearby hospitals without worrying about expenses.

•        If your condition needs medical deportation to a different region, you can even get coverage for this issue when you get best travel insurance cover for your team.

•        This will be a huge relief when your vehicle is involved in an accident and many people in your team are injured in the accident.

•        If you happen to lose important documents like passport, you can get coverage for this problem with the best travel insurance policy.

•        If your trip gets cancelled due to weather conditions or other problems, you can claim insurance with the suitable travel insurance plan.

•        It is very inexpensive and you can easily get to save money when you choose group insurance plans instead of individual plans for all your team members.

•        When it comes to making claims for the policy, you need not worry about anything as the entire process is hassle free and you can complete the process within no time.

Be aware of exclusions

Remember that every policy comes with few exclusions and you need to be aware of this when you buy group travel insurance from reputed companies. All the exclusions will be clearly mentioned in the policy document and you can get further clarification from the company executives. Many companies do not offer coverage for maternity issues when you are traveling and you need to take care of your health by choosing other health policies. Similarly, if you are having any pre-existing illness, you may not get coverage for the same during travel. When your baggage is lost only for a couple of hours and found later, you will not be able to claim compensation under this policy. Make sure that you are aware of such issues when you get best travel insurance cover for your team.

How to buy the best group travel insurance plan?

It is very easy to get best travel insurance cover from the market. All you have to do is to approach the reliable companies in the industry and discuss your requirements with the company executives. They will guide you to choose the best policy that offers maximum coverage for your travel needs. You can even get free quotes from them and choose the suitable plan according to your budget. Other than that, you can also visit the online portals that offer information about insurance policies and checkout the latest options available for your travel needs. This will give you the best idea about various options available in the market and you can select the best one among them. You can even save money when you compare different plans as you will be able to choose the suitable plans that offer discounts for group travel needs.

Whether you are traveling within the country or abroad, make sure that you secure your entire team with a proper group travel insurance plan. This can help you in times of crisis and there is no need to spend money on emergency medical expenses during travel when you are secured with a good travel insurance plan.

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Do and Don'ts Related to Domestic Travel Insurance

Travel insurance policies will cover the travel-related risks in a very efficient manner. Before subscribing a travel health insurance plan, you should go through the details and you should subscribe to the best plan that will take care of all possible risks.  A travel insurance plan is necessary to undertake domestic travel as well. You might want to visit your family or attend a wedding party or on a vacation. The risks associated with each trip will be different and you should an appropriate plan to minimize the damages. 

The necessity of travel insurance 

You should buy a travel insurance to cover domestic as well as international travel needs.

If your baggage is misplaced, it will take time to search for the bag. In some instances, you cannot trace the baggage. The insurance company will come to your rescue by paying the compensation so that you will continue the trip without financial struggle.

If you miss your connect flight because of the delay of the previous flight, you will not reach your destination as per the schedule. It will impact your hotel check-in time and you will incur additional expense as well. 

 In some cases, you will want to postpone the trip due to the sudden sickness or accident with the involvement of your family friend. 

There are various factors that will have an impact on your trip and you should go for the best travel insurance plan as per your needs. 

Dos 

• Coverage – You should buy Best Domestic Travel Insurance Policies that offer sufficient coverage. The insurance policy should not be purchased as an obligation. It should fulfill the requirement without fail. 

• Research – You should spend time and effort to settle for the best travel insurance policy as per your needs. If you do not have time, you can visit the insurance aggregator’s website and compare various policies offered by reputed companies. 

• Assess your requirements – The travel insurance requirements as per the location and your lifestyle should be assessed. You should buy a matching insurance policy from a reputed company. 

• Claim settlement ratio – The insurance company that you select should manage the high claim settlement ratio. The policy servicing is an important factor. You can go through the database provided by the IRDA to figure out the best insurance company in terms of claim settlement ratio. 

• Customer support – The support offered by the insurance company will make a great difference. The insurance company should provide the toll-free number and email address so that you can reach them very easily. 

• Network – The insurance company should maintain a network of hospitals so that you will get treatment in a network hospital for a quick and prompt service. 

• Read the policy document – The policy document contains important terms and conditions. You should read the document very carefully so that there will not be unpleasant surprises while claiming the policy. 

Don’ts

• Unnecessary expense – You should not assume that buying travel insurance is an unnecessary expense. The travel insurance will cover various risks like flight delay, flight cancellation, trip cancellation, loss of baggage, and medical emergency. Hence, you should be insured as soon as the travel itinerary is prepared. 

• Do not opt for a plan with lesser premium – If there is a marginal difference between two insurance plans, you should not settle for a plan with lesser premium. The few hundred additional bucks you pay towards the insurance policy will reward you in thousands of dollars so that there will be great satisfaction. 

• Non-disclosure of information – The information about your journey, health and various activities that you undertake during the journey should be disclosed to the insurance company. The underwriter of the insurance company will assess the risk potential of the applicant and the risk will be covered by offering the most appropriate premium. Your claim will not be rejected when you disclose the necessary information. 

• Don’t postpone the purchase of policy – You should not postpone the purchase of travel insurance plan until the last minute. You may fail to buy the most appropriate cover that can fulfill your needs. You should not rely on the advice of the insurance advisor completely. By doing your homework, you will buy the right policy at right time. 

You may like to read: Checkout single travel insurance plans for your next individual trip

Features of the best travel insurance plan 

The following features should be present in your domestic travel insurance plan so that you can complete your trip with absolute peace of mind:

• Loss of baggage – The loss of baggage and travel documents should not interrupt your trip. You should be able to manage them at the earliest. If you insure the items by mentioning in the insurance proposal form, your requirements will be fulfilled in the best possible way. 

• Flight cancellation – You will play your holiday in a very efficient way and will follow the schedule. However, the trip might be interrupted due to various internal and external factors. The flight cancellation will lead to great loss of time and money. The travel insurance company will cover the risk by offering accommodation or alternate travel arrangements so that you will follow the pre-planned schedule without fail. 

• Rented car – If you use a rented car during the trip, the loss or damage associated with the car will be borne by the insurance company. Even though the rented car will have their own insurance policy, you will be covered by a comprehensive insurance plan so that your needs will be fulfilled in a very efficient manner. 

• Medical emergency – If you do not have a health insurance plan, you should buy a comprehensive travel insurance plan that covers emergency hospitalization. The cover will include dental expenses as well. 

Conclusion 

By choosing Best Domestic Travel Insurance Policies, there will not be a loss of your baggage. The flight cancellation, rental car issues, and additional activities will be borne by the travel insurance company in the best possible way. You can compare the best plans offered by reputed companies and should settle for the most appropriate plan as per your needs. 

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