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