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.
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
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.
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