Things to know before you buy domestic travel insurance

Domestic travel insurance plans cover the risks that occur within the domestic country. The risks that are generally covered by domestic travel insurance plans are the loss of baggage, medical cost, loss of tickets and personal liability. Some of the top travel insurance service providers in India are Religare, HDFC ERGO, Apollo Munich, TATA AIG and Bajaj Allianz.

The travel insurance plan generally caters to the age group of 18 - 65 years and varies from plan to plan. Buying a domestic travel insurance plan is a necessity for those who travel a lot as life is surrounded by a lot of risks and uncertainties. One must make this investment wisely after considering various factors. It is important to compare domestic travel insurance online so that you can buy one of the best domestic travel plans available in the market. Adventurous activities, criminal activities, self-initiated harm, accident due to the intake of alcohol or drugs are not covered under domestic term insurance plans.

It is very easy to get the claim from the insurance company. You can make the claim via online or offline medium by visiting the office of the insurance company. Some insurance companies can also settle the claim over the phone.

Some of the things that one must know before buying domestic travel insurance plans are:

Ensure that plan should cover all the major risks: It is important that one buy travel insurance plan after a lot of considerations. You should check that the plan you are buying has all the benefits that are important to you. Otherwise, having a travel plan without any highly beneficial benefit would be like wastage. So be wise while buying the travel plan and make sure that your plan has all the important benefits one requires while traveling within the country.

Do a thorough research: You can not plan to buy travel insurance at the last moment. For buying the best travel plan, one needs to do a lot of research work. You will have to compare the features and benefits of various travel insurance plans from different insurance companies in order to select the best one. You can compare domestic travel insurance online. There are a lot of tools available online that will help you to select the plan as per your requirement or need. You can also take the help of intermediaries who can advise you some of the top domestic travel insurance plans available in the Indian market. But do not depend fully on the agents as they try to sell the wrong policies sometimes in order to earn higher commissions. Research plays an important role when it comes to buying any travel insurance plan.

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Look for benefits, not for the price: People generally buy those travel insurance plans that are cheap. But it is not a good idea to buy the plans just because they are cheap. The first thing that one should find in the travel insurance plans is the number of benefits available. The plan which has a lot of benefits for the affordable price is the best plan.

Check claim settlement ratio: Before buying travel insurance plan from any company, you should go through their claim settlement ratio. Claim settlement ratio gives a clear picture of how many claims were settled by the insurance company in the past against the claims raised by the policyholders. It will give you an idea that your claim will be settled in the future if any risk occurs. Claim settlement ratio is a major important factor that helps you in buying domestic travel insurance.

Know about the claim settlement process: Though the claim settlement process is quite easy these days as you can get your claim settled via online medium as well as offline medium by visiting the office of the insurer. But you must check the whole process of claim settlement before buying any plan. Knowing the process will help you to get the claim on time without any worry or tension. Make sure that you have the knowledge about all the travel documents required to get your claim settled. All of this information will help you to win the situation.

Check the reputation of the company:

Before buying travel insurance from any company, you should refer to their reputation. The reputation of the company helps you to understand the position of the company in the market. It will tell you that your money is in the right hands or not. Before buying travel insurance from any insurance company, you should adhere to their bankruptcy status, reputation and goodwill. The reputation of various insurance companies in the Indian market will help you to compare domestic travel insurance online.

Conclusion:

Domestic travel plan lets you travel in your own country freely and without any tension. Insurance companies cover various types of risks like medical costs, loss of travel tickets, loss of baggage and more to make your travel journey a good one. You can take the help of customer care if you find any difficulty in understanding any of the domestic travel insurance plans. Now, you need not worry while traveling in your own country as there are a lot of insurance companies who cover all major types of risks involved in traveling.

It is important to compare domestic travel insurance online before buying any travel plan. You must buy a travel plan after doing a lot of research plan. You end up buying a wrong plan when you buy it without giving a second thought or in hurry. So, it is important that you sit in silence and make a comparison in various plans of different insurance companies available in the Indian market. It would help you to come up with one of the best travel insurance plans. Consider all the important factors before buying any domestic travel plan.

If you are a person who travels a lot in India for work or leisure then you must check all the above-mentioned tips that one must know before buying domestic travel insurance.

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How to find the best deals on domestic travel insurance plans

There are a lot of risks involved in traveling. The insurance companies provide insurance cover to those who travel in their own country. Life is very uncertain; you can not predict what is going to happen next. If you are a person who travels a lot then you must take a domestic travel insurance plan. Such type of insurance plans lets you enjoy your holidays without any worry. The travel insurance plans cover a lot of risks like medical costs, loss of travel tickets, loss of baggage and more.

There is an eligibility age to buy domestic travel insurance online or offline. Generally all domestic insurance plans cater to the age group of 18 – 65 years and it varies from plan to plan. The benefits that are covered under the domestic travel insurance plans also differ from plan to plan. You should select a plan with lots of benefits. There are a lot of people who prefer a plan by its price. But selecting a plan just because it is cheap is really not a good idea. Look for a travel plan that has a lot of benefits for affordable premiums. Religare, TATA AIG, HDFC ERGO, Apollo Munich and Bajaj Allianz are some of the top travel insurance service providers in India.

We travel a lot, sometimes because of work while sometimes to spend some good time with the family. Travel is always fun but there is always an element of risk in life. Think of a situation that you are planning a vacation with your family and while traveling within your own country you lost your baggage. Definitely, you will call it a bad start to your holidays. But you do not need to worry now as insurance company provides cover for such type of losses. For this, you just need to pay affordable premiums to the insurance company.

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Tips to find the best deals on domestic travel insurance plans:

·        Do a lot of research: Insurance plan is not a thing to purchase at the last moment. Before purchasing any plan you must do a lot of research work so that you can buy one of the best domestic travel insurance plans. You can take the help of the agents who can guide about some of the best deals. But we wise while taking advice from intermediaries as sometimes they try to missell the policies to earn the higher commissions. Do not forget to compare the benefits and features of various policies as it will help you to select the best plan. You can also refer to the information available on the online medium.

·        Prefer benefits over the cheap premiums: It is a very common practice that people end up buying a wrong policy just because it is cheap. But that should not be the case. You should check the benefits that are available in the plan over the cheap premiums. This is one of the best tips to get the best deals on domestic travel insurance plans. Check those policies which provide benefits for trip cancellation, medical emergencies and loss of baggage. You should check the brochure of the plan thoroughly before buying so that you can understand what benefits are available in the plan.

·        Check online presence: This is a digital world where all the information is available online. You can easily check the reviews on the online platform that will help you to buy domestic travel insurance online. The reviews show you the real picture of various plans and insurance companies, so nothing could be better than the online medium.

·        Refer to claim settlement ratio: Claim settlement ratio tells you about how many claims were settled by a particular insurance company against the claims raised by the policyholders. Before referring to the insurance plan of any company, you should check their claim settlement ratio. It will give you an idea of whether your claim will be settled by the company in future if something happens. If the claim settlement ratio of a company is good then you are good to go with the plan.

·        Take the help of customer support: In order to get the best deals on domestic travel insurance, you can take the help of customer care. They give fare advice and make it easy for you to understand the plan in a better way. They will also tell you about various special offers and discounts if available. They would not try to missell you as they do not get any commission to sell any policy. They are just like the helping hands for the customers.

Conclusion

Traveling is fun and contingencies in life come without a prior notice. No one wants to make their travel journey a bad one that’s why people take domestic travel insurance plans. Travel insurance plans cover a lot of risks like medical costs, loss of travel tickets, loss of baggage and more that people might suffer while traveling in any part of India.

It is not possible to buy domestic travel insurance online at the last moment. You need to do a lot of research for that. You must compare features and benefits of various travel insurance plans to select the best one. You can also take the help of agents or intermediaries who will advise you some of the best travel insurance plans available in the India market. If you are purchasing with the help of agents then be wise as agents sometimes try to sell wrong policies to the customers in order to earn higher commissions. That is why online is considered as the best medium when it comes to compare and understand various plans from different insurance companies in the market. Though, you can also make a call to customer care that will help you to understand the policies in a better way. Make sure that you do a lot of research and comparison before you buy domestic travel insurance online.

For checking tips on how to get best deals on domestic travel insurance plans, scroll up the page.

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Here is how can you buy travel insurance online

While traveling to new places and enjoying new experiences can be pure bliss, a foreign place can be intimidating in an event of an emergency. Although while paying the travel insurance premium we hope that we never get to use it, in unprecedented misfortunes on foreign land, good travel insurance comes to the rescue. Travel insurance provides us peace of mind that is priceless and at times solutions to grave problems while traveling.

Why do you need to buy travel insurance?

Unlike popular belief, overseas travel insurance products not only provide cover in case of medical emergencies but also, in case of other unforeseen and unavoidable expenses such as cancellation or change of flight. Travel insurance even extends to medical evacuation to home country in cases where the patient needs immediate medical care. 

How to buy travel insurance online?

Choosing the best travel insurance plan that suits you, out of the array of overseas travel insurance products can be quite intimidating. Knowing how to select the perfect overseas travel insurance plan online can make all the difference. And here are a few steps on how you can buy travel insurance online with ease:

1. Check with existing policy providers

It is advised that you should always check with your existing insurance provider before purchasing a new plan out of the various overseas travel insurance products available online. Being an existing customer, the new plan could be at better rates or with increased inclusions. Also, you would have the first-hand experience of the policy providers’ services. Therefore, the first and foremost step would be to check if any of the overseas travel insurance products offered by your policy provider suit your needs.

2. Who to include your policy

If traveling with family, it is critical to include all members of the travel insurance and make sure that each of them gets maximum coverage. This step is crucial, as some policies require special paperwork and process in case of minors traveling abroad.

3. Coverage restrictions

It is pertinent to review and analyze the inclusions and exclusions while purchasing the travel insurance. For instance, some insurance plans offer extensive coverage such as inpatient and outpatient costs while some plans offer reimbursement till the patient is discharged. It is always advised to read and understand the coverage restrictions in depth.

4. Relevant medical history

Certain insurance providers require that you disclose any pre-existing medical conditions while purchasing an overseas travel insurance plan. You can be asked for a medical checkup or past medical records. This can affect or delay your coverage, hence always check what are the terms of a potential travel insurance plan towards pre-existing medical conditions.

5. Apply at least one week ahead

It is important that you purchase an overseas travel insurance plan well ahead of time so that all the bookings you make towards your trip. But a week before the trip it becomes absolutely necessary to get an overseas travel insurance plan. This is because certain insurance providers run background checks and verifications before putting the cover in action, this could at times take 2-5 business days and maybe more, hence it is crucial to purchase the travel insurance at least one week before your departure date.

6. Travel Destinations

While choosing the correct overseas travel insurance product, it is pivotal to include all your travel destinations, even cities your flights are scheduled for a layover. This would ensure complete coverage for you and your family (if applicable) at all time during the trip. 

7. Adding Types of Travel

The terms and conditions for certain insurance policy are different for various types of travel, some factors would be included if you are traveling by air while that might not be the case for traveling by road. For instance, if traveling by air, your loss of luggage could be included in the insurance cover. Therefore it is vital, that you include all modes of transport relevant to your trip.

8. Email Confirmation

Once these steps are taken care of and you have made the purchase, do not forget to take an email confirmation from the service provider specifying the terms and stipulation of the policy contract. It is also advised that you carry a printed copy of this policy while traveling to ensure hassle-free claims and/or cashless services in the time of need.

Tips to keep in mind while buying travel insurance online

1. Plan Ahead

If you plan well ahead of the trip, not only would you have time to compare various overseas travel insurance products but you can also have all your bookings and payments included in the coverage. 

2. Understand the product

As with all insurance and investment products, it is strongly advised that you must read and understand your travel insurance document before leaving for the trip so that you are equipped with the necessary information. 

3. Identify Who and What to insure

While it is the first instinct to insure everyone and everything in the insurance cover, it is not a viable option as that could mean skyrocketing premium prices, hence you must be sure to include only yourself and the family members along with the most essential and valuable articles.

4. Check all points of consideration

It is always reiterated that you check all points of consideration such as the lists of inclusion and exclusion while purchasing an overseas travel insurance product. 

5. Annual Policy vs. Single Trip policy

If you are a frequent domestic or foreign traveler, it is more practical to opt for an annual policy whereas if you travel occasionally you should select a single trip policy. 

While buying the travel insurance from an insurance agent, he/she is present to address your concerns; it is not possible while purchasing the plan online. But, if you buy overseas travel insurance plan online, you get to choose from a plethora of different products and compare them. As far as how you should buy travel insurance online, these few steps and tips should not be missed. 

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Recent Events Reiterate Importance of Availing Travel Insurance

Whenever we are heading out on a holiday or for business, we often overlook the many benefits we can get when we buy Travel Insurance Online. At times we do not fully understand the many features and advantages that a good travel Insurance Policy offers. From helping us at times of medical emergencies to taking care of our expenses when our baggage is lost or delayed. A good insurance policy takes care of all these problems and much more. However, before you get all excited and quickly select any random Travel Insurance Policy, read on and know the various features that a good Travel Insurance Policy should have. 

For starters, any good Travel Insurance Plan should cover you from delayed baggage, lost travel documents, missed trips, delayed trips and even cancelled journeys. The best travel insurance policies also protect you from the dangers of terrorist attacks. Here is a detailed account of the features:

Insurance Cover for Accidents and Medical Emergencies:

Meeting with an accident or encountering any unforeseen medical emergency, especially in a foreign country can prove to be a very expensive affair. Moreover, the foreign currency limits that you will be bound by as a tourist or business traveller only add to the complications. This is where have a good Travel Insurance Plan can prove to be a blessing. The policy takes care of all the expenses, hospitalization fees and even ambulance charges while you are abroad.

Evacuation Cover:

Things can become quite complicated and worrying when you encounter any unfortunate event while travelling in a foreign country. This evacuation maybe because of any medical emergencies, terror threats or any other such unfortunate circumstance. All the expenses in case of such an evacuation are taken care of by your Travel Insurance Partner.

Trip Cancellation or Delay

There are times when you may need to delay or cancel your trip due to any unfortunate circumstance. The reasons for the same can be anything ranging from climatic conditions, a change in the political scenario of your destination country, personal problems, medical problems for you or your family, etc. now if your travel bookings are done, cancellations can prove to be very costly. For instance, you had planned to travel to a Nepal tomorrow and you get the news that it has been affected by a massive earthquake. In such cases, you can get some respite if you are covered by a Travel Insurance Plan for it will partly reimburse the cancellation charges.

Delay or Loss of Baggage

Imagine arriving at the airport of your dream destination and waiting in the line for baggage only to realize that your baggage is either delayed or actually lost by the airlines or the airport officials. While not much cannot be done in terms of handling the disappointment, you can be a bit relaxed when it comes to shopping for clothes and other essentials as your Travel Insurance Plan shall take care of the same. While recovering your baggage may take from a few hours to even many days, the insurance company shall reimburse all the shopping expenses. Just ensure that you have all the payment receipts and bills in place. 

Loss of Passport and Travel Documents:

The last thing you want in a foreign destination is to lose your passport. It can certainly be a very big problem, a nightmare of sorts. Should you be faced by such an unfortunate event, the first thing you will need to do is inform the local police, register a complaint and contact the Indian Embassy for reissue of your passport. The police complaint needs to be done as soon as possible; best within 24 hours.  The Travel Insurance Policy shall reimburse your expenses incurred for the reissue of your passport.

Loss of Cash and Credit/Debit Cards:

If you have been robbed or have your wallet and cash lost or stolen, having a good travel insurance can prove helpful. The policy shall provide you spending money and also take care of the expenses for the issuing of duplicate bank cards. Now that is something that can really be a lifesaver in a foreign land as you may not know anyone here who can help.

In recent times, many popular travel destinations have unfortunately been plagued by a series of unfortunate events ranging from natural disasters to terrorist attacks and other such events. While we all take precautions, one can never truly expect or imagine what may go wrong while they are enjoying a peaceful vacation. This is where having a travel insurance can prove to be really worth the extra expense as it shields you from a lot of problems and worrying issues. Just ensure that you study and compare insurance policies online and select the one that best suits your needs.

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