Congratulations! Your trip arrangements are set. And you, a wise and responsible traveller, have made the crucial choice to select a travel insurance policy to cover unanticipated risks during your journey.
Then what? Do you have any questions on choosing a policy that will meet your needs? Therefore, you are in the proper location. Purchasing travel insurance that is ineffective might drain your wallet or, worse, leave you stuck in the event of an emergency.
Using the following checklist, you may choose the best travel insurance:
Getting the fundamentals right: policy foundations
Country specific: Find an insurance that will provide you with financial security in your host nation. You shouldn’t purchase a travel insurance that covers European hospitals if the majority of your travels will take you to New Zealand.
The quality of your trip is also significantly influenced by the social, political, and geographic history of your destination. If necessary, choose terrorism, earthquake, riot, and civil disturbance protection. Note: Consult your insurance provider and obtain insurance that complies with certain criteria if you plan to visit the Schengen region of Europe.
Short-notice cancellation: Due to other urgent concerns, your travel plans may need to be changed or shortened. Be sure to look for sections in the online travel insurance policy that allow repayment for the premium in addition to attractive cancellation and refund terms.
Travel insurance, annual or single trip: If you travel frequently, it is more cost-effective and hassle-free to get one annual travel insurance plan rather than multiple single trip policies.
Family coverage: Select a family travel insurance policy if your family will be travelling with you.
The essentials: policies included
Health first: Medical emergencies can result from severe illnesses and accidental injuries. The best online travel insurance should pay for hospitalisation expenses, provide a daily allowance while in the hospital, and provide benefits in the event of temporary or permanent disability.
Remember to find out the average cost of treatment in the host nation before selecting the scope of coverage. When you are hospitalised overseas, you do not want to be left with a bad plan.
In the event of an emergency, determine whether your insurance will pay for your transportation to the closest hospital or back to India. If you are travelling with children, check for a provision that will pay for their return to India in case of an emergency.
Unreliable flight plans: If you rely on airlines for connecting flights, you run the risk of delays and possibly monetary loss. Pick travel packages that provide compensation for trips that are cut short owing to faulty flight scheduling.
Personal effects: Choose international travel insurance online that reimburses you for lost or stolen luggage, personal items, or travel-related documents, such as a passport.
Personal liability: Determine whether your plan includes money to get you out of tough situations if you find yourself owing money to a third party while travelling abroad.
Other unrelated details
Excess coverage: Consider whether you actually require insurance to protect against the hazards covered. When you don’t have any pre-existing conditions, adding coverage for them will increase your rate.
Uncovered risks: Extreme sports-related accidents might not be covered. Speak with your bajaj allianz international travel insurance provider for a customised plan if your itinerary includes such activities.
Stopovers: Do you intend to make a stopover enroute to or from your destination? If you need travel insurance or an airport transit visa to stay at these locations, check with your embassy.
Phone assistance: Look for plans that include 24/7 dedicated helplines so that you can easily contact your insurance representative when you need them.
* Standard T&C Apply
** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.
# Visit the official website of IRDAI for further details.
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions,
limitations, terms, and conditions, please read the sales brochure/policy wording carefully
before concluding a sale.