Cheap Travel Insurance - How to save your extra bucks while travelling?

Traveling is like buying peace of mind in exchange for the hectic work culture and stressful life pattern. We all get excited when it comes to traveling. It gives us the opportunity to disconnect from our regular life. You get to forget your problems, sorrows and issues for few weeks and just live the moments as they come towards you. At some point we all are frustrated with those crazy schedules, work and a family to take care of.  Going alone or with some friends can give you distance and perhaps even make you realize that this world is full of love, adventure, fun & peace.

While planning a vacation we are all very positive and focused and often thinking about adventure, fun and entertainment. Although it’s good to be positive but have you ever wondered to give a thought on things like sudden accident, struck illness and medical emergency etc. These things matter and they matter a lot especially when you’re a frequent traveler. At that time you wonder I wish I would’ve insured myself or family while traveling. A travel insurance plan is one of the most important security tools to carry along with you to counter upon the unfortunate times that could spoil the good times of life. These could be any such as Medical emergencies, checked-in baggage, trip cancellation, trip delay, loss of passport, unusual weather conditions etc.

Even though you don't make a claim every time you buy travel insurance, it is unwise to go out without one. Medical costs in most foreign countries are high. Even consulting a doctor can burn a big hole in your pocket. Therefore it is advisable to have a suitable insurance cover at the time of traveling.

By spending a few hundred rupees, you not only insure yourself against financial disaster but ensure that, if needed, you get the best possible service. Now the next thing arises in your mind would be since it’s not a matter of choice but need of the hour how would I keep the plan at the optimum costs. Well you surely deserve to hold a sensible plan. Why haste and make a waste when you know you can make the best?

Before buying travel insurance policy there are few things that you will need to ask yourself that will help you recommend a suitable plan as per your needs. The article guides you on some points that will help you determine a cheap travel insurance plan:

Where Am I Going?

Your destination determines the size of the cover, that is, the sum insurance required. Since medical cover is the main feature of travel insurance, decide the sum insured on the basis of how expensive medical services are in the country or city you are travelling to. Check if your insurance provider has any tie-ups with doctors and hospitals, medical care units in your travel destination. This way it will help you reduce that extra costs and buy a cheap travel insurance plan.

What will be the duration?

Before buying a policy, know the exact number of days that you wish to stay abroad. Longer stay means higher premium. So if you’re a frequent flyer, it’s better to buy annual multi-trip policies saving those extra bucks in your travel insurance. These plans are valid for a year and usually cover any number of trips abroad, each trip having a maximum duration of 30-45 days. Annual multi-trip plans turn out to be cheaper than the single-trip policies as they cut down on the additional administration expenses.

What will I do?

Is it just travelling, working, sleeping and eating or you have planned for sightseeing holiday, adventurous such as trekking in difficult terrains, skiing, water sports, etc.? It is better to specify the kind of journey in your travel cover. Though a regular travel insurance plan will not cover risks involved in these activities, you can get special coverage on request at an extra cost. Understand that these handfuls of extra bucks are just to curb you pockets from shedding those huge costs if an unfortunate happens during the travel event.  Similarly, if you are above 65, you can opt for plans for senior citizens that have features such as cover for pre-existing illness in special situations, higher sum insured and accidental death and dismemberment cover.

Did I compare?

Apna nara Aur dikho! Aur dikho!  seems to be the best mantra when it comes to comparison of your policies. Never buy insurance just on the basis of emotions and hasty decisions. It is always better to have a comparative analysis of companies and their offerings like online services, claims procedures, flexi-payment options, network of hospitals, discounts available etc. This way you will be able to buy a cheap travel insurance plan as per your needs and requirements. It is advisable read the terms & condition and claim procedures carefully, keep your required documents handy, and save the helpline numbers of your insurer and the third-party administrator in your phone or laptops, gadgets or maintain a diary incase you lose your gadgets. The best way is to keep the information on email id which you can track anytime and from any part of the world.

Source: http://cheaptravelinsuranceindia.weebly.com/blog/cheap-travel-insurance-how-to-save-your-extra-bucks-while-travelling

Travel Insurance Buying Guide

Travelling is an important and regular event in everyone’s life whether it is for leisure or work. People are opting for adventure travels just for the sake of adventure or to spend some family time together. Travelling together creates memories which we cherish all through our life. Who won’t want to go on a vacation amidst scenic lands, pampered days and carefree moments – far away from hectic life! Well, how much we love travel we should not undermine the risks that it entails. Yes, travelling does have its own risks and probabilities of unforeseen situation distress.

Make your travel itinerary foolproof by adding travel insurance to it. A good travel insurance plan will take care of any unforeseen situation during transit. Situations like loss or theft of baggage, delay of flights leading to financial loss, loss of passport and other important documents and medical emergency are quite common. The best way to ensure that we can manage such an expected situation is to buy a travel insurance plan.

 Types of Travel Insurance Coverage:

You can choose which coverage to opt for on the basis of your specific requirement. Travel plans offer coverage against all possible emergency situation during transit.

 Domestic travel insurance

Domestic travel insurance provides coverage for medical emergencies, permanent disability and death, checked-in lost/stolen baggage, travel delay and personal liability.

 International travel insurance

International travel insurance gives a comprehensive coverage for medical expenses overseas, hijack, baggage and travel delays, repatriations/evacuation to India, and loss of travel documents/passport besides the usual coverage.

 Corporate travel insurance

Under corporate travel insurance India, employees of an organization can get coverage for both international and domestic trips.

 Student travel insurance

There is minimum paperwork involved in student plans. The coverage is comprehensive and provides for expenses incurred on medical treatment, passport loss, and study interruptions.

 Senior citizen travel insurance

Senior citizen insurance is for people who belong to the age group 61-70. It includes coverage for dental treatments and cashless hospitalization besides the usual benefits associated with travel insurance.

Family travel insurance

Family travel insurance covers hospitalization, baggage loss, and other incidental expenses. The claim disbursement is easy with minimal paperwork involved.

 Individual travel insurance

Through individual insurance, you can get coverage against cancellation of trip, home burglary and trip curtailment.

 Key Features of Travel Insurance

Online travel insurance companies in india  is all about providing travelers an ideal cover against emergency/unforeseen situations right at the comfort of home. There are certain key features which one should look out for while zeroing on a plan.

Travel medical insurance covers for in/out patient hospitalization along with daily allowance.

Personal accident cover in case of permanent disability/death.

Coverage for contingencies related to personal possession.

Coverage for loss of baggage and passport.

Coverage for expenses related to trip delays.

 Benefits of Travel Insurance

The usual qualms of frequent travelers include lost passports, stolen bags, trip delay and cancelled flights. Such mishaps can derail perfectly laid out plans instantly. Do not let inevitable events ruin the entire getaway. Travel insurance is your friend in need when emergencies strike, whether in your native country or in unknown territories. n a foreign land. Get enough compensation to return home or cover untimely expenses as and when they occur!

 Exclusions

There are some common exclusions to a travel insurance cover such as:

Flights/trains missed due to local protests/civil war.

Expenses incurred due to local protests/civil unrest.

Pre-existing conditions leading to hospitalization.

Baggage delay that is less than 24 hours.

Damage/loss of keys.

Note: The exclusions differ from one plan to plan. It is best to compare travel insurance quotes of different companies to bag the plan with minimal exclusions.

Source from: http://www.policybazaar.com/travel-insurance/

Difference between travel and student travel insurance India

Travel insurance, as we all know, is a very important part of any journey. It provides an insurance cover for any unfortunate incident that may occur when we are in a foreign land, either on business or on vacation. Student travel insurance is a similar form of insurance, where students who go abroad for higher studies are covered.

While some of the clauses of these two types of insurance are common, there are some major differences between general travel insurance and student travel insurance. Let’s take a look.

What is travel insurance?

Travel insurance is a kind of insurance that is bought by a traveler before embarking upon a journey. The insurer promises to pay the insured a sum assured if the latter is faced with a medical or financial emergency.

What is student travel insurance?

 Student travel insurance is a kind of insurance that is designed to support and cover students who go abroad to study. From emergency medical assistance to loss of passport, a student travel insurance plans provides cover for a long list of misfortunate occurrences.

 What are the features of a student travel in plans?

 Generally, a student travel insurance plan includes:

Medical expenses, including costs of evacuation and repatriation if required. Provision for emergency dental treatment. Tuition fee payment for the time when there is a study interruption due to hospitalization. The policy will also reimburse the tuition fees (paid in advance) if the insured is forced to discontinue his studies due to terminal illness, death of family members, etc. Sponsoring the tickets and stay of one member of the insured’s family when the insured requires hospitalization for more than 7 days (only in case no family member is present by his side). Paying the remaining tuition fees of the insured if the sponsor dies midway through the course. Compensation for loss of passport, loss of baggage, baggage delay, etc.

How do these features differ from a general travel insurance policy?

 As we can see from the points above, a student travel plan is very dissimilar to a general travel insurance plan. For example, while a travel insurance plan too would pay you for baggage losses, it wouldn’t reimburse the tuition fee if you (the student) have to leave the course half way.

Is it a good idea to opt for student travel insurance?

 It is not only a good idea, but almost a necessity to opt for a student travel insurance India plan when going abroad for higher studies. Any one between the ages of 16 -35 (varies from policy to policy) can avail of such a plan and so you must take it.

The unfortunate events covered under a travel insurance plan can happen to anyone and for a young student to deal with such problems without any assistance can be rather difficult. So make sure you buy a student travel insurance before you set foot abroad.

Source: http://travelinsuranceindia.quora.com/Difference-between-travel-and-student-travel-insurance.

Is Family Holiday Travel Insurance Worth It?

When you are planning to go abroad, it is important to prioritize family safety. But, majority of people still have a difficult time choosing whether or not to buy online family holiday travel insurance India. It is most likely because of people’s tendency to avoid spending money on a plan which you don’t really understand.

But, when travellers know what the benefits this coverage offers and realize that accidents happen at any time and anywhere. Below are some useful tips that help you to decide what policy to buy:

·         Loss or Damage of Travel Documents or Personal Effects

Travel related documents may include your identity cards, passport and other work related documents. Personal effects refer to personal belongings like antiques, electronic gadgets etc. Buying online family holiday travel insurance will reimburse a specific amount of money based a policy type in case any of the stuff lots or get damaged during journey.

·         Flight Delay and Trip Cancellation

There are many different reasons behind trip cancellation, but insurance companies in India generally qualify this in terms of cancellation because of anyone’s injury or death 30 days prior to departure date.

It clearly means that this coverage will reimburse policyholders for the cost of your accommodation and journey fare, given the condition arises within the specific time period.

·         Medical Expense Reimbursement

It is one of the most important policy benefits of online family holiday travel insurance India because insurance companies in India give medical coverage for certain days of hospital confinement. Usually, this benefit means that insured person will be reimbursed for medical costs him or her outlay abroad because of illness or accident as mentioned in a plan during the holiday duration.

Insurers may further specify the information of the nature of the accident they will insure. Once you buy the best family holiday travel insurance online, you will be able to enjoy your vacation with peace of mind.

Source: http://cheaptravelinsuranceindia.weebly.com/blog/is-family-holiday-travel-insurance-worth-it

How to save your money while travelling abroad?

Getting insured is the best protection that you can give yourself while travelling. Travel insurance prices vary depending on the type of insurance coverage you require. It generally depends upon factors like place of travel, number of people, baggage, and health issues while traveling etc. If you are traveling abroad, you may consider getting travel insurance and should be aware about what you will need to cover, such as medical, baggage, cancelled flights or emergency landings.

While we often wish to cut-down the additional costs while travelling, the article gives you few tips to get the cheap travel insurance while buying a suitable travel policy.

•Don’t just assume lump-sum amount for planning your travel policy. After all every penny matters and needs to be saved wherever possible. So, plan your insurance policy realistically, and think about the amount of coverage you will require. Many travel insurance companies will try to cover you for an unnecessary amount of money, so try to lower your amount of coverage to a realistic amount to save more money.

•Consider looking into customized travel insurance policies if you are traveling as a family, are over 65 years old or you have a pre-existing medical condition. Family travel insurance is always cheaper compared to buying insurance for each individual. If you are over 65 years old, you could also be eligible for discount. A better way to buy cheap travel insurance.

•Precaution is better than cure, it’s always better to read the fine prints and know exactly what your policy covers and the amount of your coverage. Make sure that you are not paying for anything that you do not need or want.

•Whenever you’re in a situation to take any crucial decision while abroad it’s better to contact your travel insurance company and check if it’s not incurring unnecessary charges and affecting your policy. Before you seek medical attention in another country, cancel any part of your trip or pay medical bills, speak with your travel insurance company.

•Keep all your travel insurance documents in a safe place and have them in a convenient place when you are traveling so that you can refer to them at any moment. If possible have a copy of each in your online account.

•File the necessary claims as soon as possible along with all the relevant documents, so that you can be reimbursed quickly.

•Online research is the best way to get cheap travel insurance. Do ample research and find out what kind of insurance you will need and the amount of coverage you need. Travel insurance will generally cover cancellations, lost baggage and medical expenses, so decide if it is in your best interest to get insurance and how much.

•Try and speak to few different travel agents to get a quote on what they will charge you for travel insurance, and then do your own research using the internet to see if there are incurring any extra costs. There are many websites that offer travel insurance, and there are even websites that will compare quotes from various companies to help you find the best deal.

•Decide whether you will need annual or single-trip travel insurance. Annual insurance is definitely one of the ways to cut down the additional costs. If you plan on traveling overseas often in a year, you may consider annual travel insurance because you may get cheap travel insurance deals.

[Source: https://cheaptravelinsuranceindia.wordpress.com/2015/08/26/how-to-save-your-money-while-travelling-abroad/]

How to buy cheap travel insurance while on board?

Nowadays, millions of people are travelling in India or abroad either for leisure or business purpose. With the recent upsurge in business trips, vacationing and travelling for various purposes comes the security and concerns of travelers. Therefore, travel insurance becomes an integral part of a traveler’s life. It is slowly but steadily gaining importance in India and can be bought for domestic or international travel or for a single trip or multiple trips within a certain time period. The major benefit of travel insurance is the protection of your health while you’re abroad.

In case you are traveling abroad frequently for professional or personal commitments, then buying a travel insurance policy will surely help in medical emergencies. Travelers can never rule out unfortunate times while traveling overseas, as an emergency is completely unexpected and has strength to strike down any situation during journey. In fact, a number of unpredictable situations such as flight cancellation or delay or loss of documents or luggage can definitely take traveler in a troublesome condition

The cost of your travel insurance premium can differ significantly depending on what kinds of risk coverage are included in your policy. While travelling it is important to know about the risks you should get yourself insured for. Medical emergencies, checked-in baggage, trip cancellation, trip delay, loss of passport, etc. are some common things which are covered by most of the travel insurance policies. However, at the time of buying such a policy, we generally look for cheap travel insurance with maximum coverage benefits.

The article gives you some tips to pick cheap travel insurance: While deciding on the coverage amount for your international trip, try not to overestimate the coverage amount. Keep it precise and to the point usage this will help you curb your insurance premium. But assure that you’re not under covered.

With your family and member over 65 years on board, look for insurance policies specially designed for them comprehensively. A family insurance is generally cheap compared to individual policy for each member.

Read the documents carefully to understand the exact costs incurred on the policy. Understand the allocation of amount for type of coverage. Ensure that you’re not paying for something you would not require in your policy.

Many travel insurance companies often offer discounts on some of their policies. Find out about such offers, if any, and enquire how you can avail the same to get a cheap travel insurance policy. For eg. Some companies offer discounts and waivers for buying before particular date or with certain credit/debit card, or avail some bonus points etc.

Logon to internet and do some pre-hand research of different policies available in the market. Try to find out the type of travel insurance you would require and get an idea about the amount of coverage for the same. Buying travel insurance online often provides with best deals at cheaper rates. You can easily bargain for cheap travel insurance policies with sound knowledge on insurance. Companies believing in retaining the valued customers and will surely offer you some reasonable offers and solutions.

Today, majority of regular travelers prefer to buy travel insurance online because it gives them an opportunity to compare different travel plans offered by various insurers. Annual Plans are designed for overseas traveling and is applicable for any insured person up to 60 years of age.

Online comparison helps you to ensure that you own the basic cover, including personal accident, personal liability, flight cancellation or delay, loss of important documents or baggage, hospitalization costs and medical expenses.

Buying online insurance needs less paperwork, you only need to submit few important details to get a free quote. Compare plans along with their benefits and coverage and then select a cheap travel insurance that fulfills your needs.

Source: https://www.bajajallianz.com/Corp/travel-insurance/travel-insurance.jsp