7 tips to get the best travel insurance plan:
1. Understand the travel insurance plan
Start with the basics. Understand what travel insurance covers and which one is the best option for you. Typically, travel insurance is crafted to cover the needs of every traveler in times of an emergency like last minute trip cancellation, sudden sickness, and so forth. However, the coverage depends upon the insurance company as well as the type of policy you select.
2. Consider your needs
Before buying any policy, it is advisable to keep your needs in mind. Considering your requirements prior to the purchase helps to figure out what’s the best choice for you. Needless to say, the travel coverage will depend majorly on the mode of transportation you have selected. For instance, if you’re traveling either by a flight or rented car, the coverage will be decided based on that. Take other factors like the location of the trip, duration of the trip, activities you’ll be indulging on, into account.
3. Go through the exclusions
Every travel insurance has certain exclusions specified in the policy. However, these exclusions might be different for different companies. The most common exclusions in travel plans are man-made calamities like war or terrorism, acts of god like a volcanic eruption, natural destructions or severe weather conditions. Therefore, read the terms and conditions of the policy carefully and opt for only that policy which suits you best.
4. Confirm whether you need a domestic or international plan
While a majority of people prefer a travel insurance plan for an international trip, a few rarely make a purchase while on a domestic trip. Whether it is an international trip or a domestic one, it is advisable to opt for travel insurance due to its benefits in times of need. Irrespective of the destination of your trip, invest in a travel plan provided by Bajaj Allianz General Insurance as it offers travel insurance for both: domestic and international trips.
5. Opt for a single trip cover
In order to select the best travel insurance, know your basic habits and plans of traveling. If you are someone who takes numerous trips in a year, then opt for a multi-trip travel cover (annual trip policy) in order to cover a broad range of expenses. If you are someone who takes a trip once in a while, then a single trip cover is the best choice for you. However, think twice before investing in a multi-trip cover as the insurance premiums are based on the oldest member of the policy. If the oldest member is 65 years of age, then the premium for him is higher.
6. Check the premiums
Ideally, the investment in travel insurance depends on the premiums of the policy. Therefore, check the rates of premiums of the policy before signing up for the same. While a majority of insurance companies charge high premiums, there are certain companies which allow lower rates of premiums. If the premiums are high, use these tricks in order to reduce the premiums and save more money on it:
❖ Purchase the policy online
❖ Opt for family travel insurance plans
7. Assess other things
Apart from the tips mentioned above, it is important to consider other important factors of the policy. Some of the key things to be taken into account are the extent of coverage, payout time and requirements, available upgrades, and so forth. These factors help in determining the quality of the policy. Failure to do so will simply be the cause of inappropriate selection of the policy.
Now that you know these 7 tips to get the best travel insurance plan, what are you waiting for? By incorporating these tips in your decision-making process, you will not only finalize the best travel insurance but also secure yourself while traveling. With a host of varieties in our travel insurance policies, Bajaj Allianz General Insurance, wish to cater to the needs of our customers in all the walks of their lives, quite literally. Contact us today to understand the basics and details of travel policies. Happy globetrotting!
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