About Travel Insurance
Getting an overseas travel insurance policy once you plan for a trip abroad is a must nowadays. We have entered into an agreement with a premier organization to arrange for the overseas travel insurance for our customers. Travel insurance is a type of insurance that is custom-made for people going on domestic and international travels. It addresses the various risks that one may face during travels, including hospitalisation, medical expenses, loss of luggage or documents, cancellation or disruption of flights, and various other costs. Travel insurance covers you from the date of departure till your arrival back at the place of origin. For frequent fliers, a travel plan that remains effective for a certain period is more suitable as it covers multiple travels during the policy period.
Different Types of Travel Insurance Plans Available in India
International travel insurance policies provide protection against a number of contingencies for overseas travelers during an international travel. International travel insurance plans are specifically designed to provide comprehensive coverage against hijack, medical expenses overseas, travel and baggage delays, evacuation/repatriations to India, and loss of travel passport/ documents in addition to the customary coverage
This travel insurance is basically meant for customers who are planning to travel within the country. Domestic travel insurance policies provide extensive coverage for permanent disability, medical emergencies and death, checked-in stolen/lost baggage, personal liability and travel delay.
Student Travel Insurance plan is basically a travel policy particularly designed for students travelling abroad to pursue higher studies on a student visa. Such travel insurance policies cover students who are going colleges, institutes or universities in a foreign country for professional or academic courses. This travel plan requires minimum paperwork. Student travel insurance plan provides coverage that is comprehensive and also provides reimbursement for the expenses incurred on passport loss, medical treatment, and study interruptions.
As the name suggests, group travel insurance plan is a kind of travel insurance policy that has been designed to cover a number of people who are not blood-related to each other and are traveling to a remote place together. Such a group of people may be the members of any club, going on an international trip to partake in an activity or something. You can save thousands on premium in case of such group travel insurance policy online.
Employees of an organization can get travel insurance coverage for both domestic and international trips under corporate travel insurance online in India.
This particular travel policy is designed on a short-term travel insurance plan basis specifically formulated to cover the medical and health care expenses incurred such as evacuation and medical emergency etc. when an individual travels abroad. The exact inclusions and exclusions under medical travel insurance plan basically depend upon the travel insurance company from whom you are purchasing the plan.
How to Buy Travel Insurance Plan?
You can buy a travel insurance policy online or by visiting the insurer’s office. While applying online, you need to fill in the basic details like dates of travel, traveler details, coverage required, etc. Then you receive the quote, based on which you can select the travel insurance policy that suits your requirement. There are different types of travel plans customized for different travel needs. These include corporate, single, family, senior citizen, or student travel plans. You can purchase a travel plan that suits you the best. You can also buy travel insurance plans from insurance brokers and agents. However, ensure that they are licensed by the Insurance Regulatory and Development Authority of India. It is worth noting that you may be eligible for discounts if you buy a travel insurance plan online directly from the insurer.
Why Buy Travel Insurance Policy?
Advantages Travel Insurance Policy
Some of the common reasons that make a travel insurance important are:
⬗ People are more prone to medical problems in a foreign land, be it within India or overseas, due to changes in food habits and environmental reasons.
⬗ Travel insurance helps tackle such circumstances with ease.It protects in case of baggage losses at airports and theft or travel scams in many tourist destinations.
⬗ Travel insurance protects the policyholder in the event of flight delay or cancellation. It protects you in the event of natural calamities, man-made disasters, flight hijacking, etc. Student travelers can also opt for study interruption coverage in their travel plans.
⬗ Travel insurance may cover fatalities and repatriation of mortal remains.
⬗ Travel insurance is a mandatory requirement in more than 30 countries. It is a prerequisite for visa processing while travelling to these countries.
Some of the reasons why you should choose Travel Insurance Policy are:
⬗ Coverage: Extensive coverage including in-patient hospitalisation, OPD treatment, trip cancellation, loss or delay of luggage, medical evacuation, loss of passport, missing a connecting flight, etc.
⬗ Pre-Existing Diseases: Up to 100% coverage of pre-existing diseases under the emergency in-patient medical cover for students traveling abroad for education on a student visa.
⬗ Medical Check: No requirement for pre-policy medical check-ups.
⬗ Claims: You can enjoy a hassle-free claim process.
⬗ COVID-19: Coverage for hospitalisation due to COVID-19 provided up to the sum assured.
⬗ Sum Assured: Total coverage of up to USD 20,000.
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FAQ
You must get in touch with your insurer before filing a claim under your travel insurance. You can also get in touch with the worldwide TPA if you want to go abroad. You have several alternatives for submitting the claim, including online, via mail, or in person. The properly completed claim form and any pertinent documentation—which may vary depending on the specific incident—must be submitted. Examples of these include death, hospitalization, lost luggage, and cancelled travel. Until the claim is settled, you should also hold onto copies of these records together with the tickets, boarding pass stamps, hotel receipts and invoices, etc.
Travel insurance is essential for both domestic and foreign trips. It provides extra defense against medical crises and travel-related dangers. Travel insurance also covers losses from disruptions, lost luggage, and trip cancellations. Nonetheless, travel insurance is also required in several nations for tourists. In order to process visas in these countries, travel insurance is a basic necessity. When visiting Turkey, Cuba, Qatar, the United Arab Emirates, and Cuba, be sure you have a travel policy. – Despite the fact that no nation owns Antarctica, travel insurance is required by Antarctica tour companies to cover emergency evacuation. – In addition, all 26 countries that accept Schengen visas require travel insurance.
No. Tax benefits are not available under Section 80D of the Income Tax Act 1961 by buying travel insurance policy.
No. medical checkup is not required before buying the policy. However, customers are required to disclose any medical conditions they have at the time of buying the policy.
While calculating the travel insurance premium, a few factors considered are the amount of sum assured, the type of travel insurance plan selected, the extent of coverage sought (for example, participation in adventure sports, educational travel, leisure etc.), duration of stay, single trip or multiple trips, destinations to be covered, age of the travellers, their medical history, etc. You can calculate the travel insurance premium using an online travel insurance premium calculator by filling in details like destination, dates, number of travellers, dates of birth, etc.
If Your Policy Has Not Yet Started…
You are qualified for a complimentary full refund of your premium. Choose your coverage start date as your new coverage end date on the “Shorten or Cancel Policy” page.
After selecting “Submit,” a confirmation screen will load. There will be an email sent to you as a confirmation. Within three to five business days, your refund will be processed to the original payment method.
If Your Policy Has Already Started…
You will only receive a prorated refund of your premium amount, less a $25 cancellation fee. Choose your new coverage end date on the “Shorten or Cancel Policy” screen, then click “Calculate Refund” to see if the date you’ve chosen is eligible and how much you’ll be reimbursed.
After selecting “Submit,” a confirmation screen will load. There will be an email sent to you as a confirmation. Within three to five business days, your refund will be processed to the original payment method.
Thanks to Gentlemen sitting in the counter he was of great help.sorry coz IDK his name☺ And a small suggestion kindly to keep sign board outside for the flexibility of time by the customer like us.
