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7 Tips for Choosing the Right Travel
Nov 7, 2023

How to Pick the Right Travel Insurance Policy?

Are you planning to travel to an international destination? Are you excited to experience new foods, cultures, people, and places? However, in this excitement, you should not forget to buy a travel insurance plan. It is a type of insurance policy aimed to protect you and your loved ones against unfortunate events that can occur during travels. In case these events happen, you receive financial compensation which can help tide things over. Thus, if you have a travel insurance plan, you and your family can enjoy your travels worry-free. To make sure you have the utmost safe travel experience, it is crucial to choose the right travel insurance policy. How can you ensure that? We provide you with some tips below.

7 Tips to Choose the Right Travel Insurance Policy

Make your travels as secure as they are exciting with the help of the following tips:
  1. Choose a plan with sufficient medical coverage

If you were to fall victim to some illness during your travels, it could lead to emotional and financial troubles for you and your loved ones. If you are travelling in a developed country, the cost of treating the illness can be quite high. Hence, you should ensure that, when you buy travel insurance, it provides enough medical coverage. From accidental emergencies to dental expenses, a travel insurance plan should cover a wide variety of medical-related issues. Claims are subject to terms and conditions set forth under travel insurance policy. *
  1. Define the duration correctly

If you are going on a month-long trip to the USA, then make sure that the travel insurance plan covers you for the entire period. Inform the insurance company of your departure and arrival dates so that the plan’s duration is clearly defined. If you are going on multiple short trips in a year, you can opt for a multi-trip insurance plan. It covers several trips taken in the span of a year. For a lengthy, one-time trip, single-trip travel insurance might be the ideal option.
  1. Check the exclusions

Each insurance plan has a list of exclusions, and travel insurance is no exception. For the uninitiated, exclusions refer to events that are not covered under the plan. For instance, some travel insurance plans might not cover medical issues arising because of pre-existing diseases. Many travel insurance plans also exclude injuries or bodily harm due to adventurous activities. Claims are subject to terms and conditions set forth under travel insurance policy. Some exclusions can be covered by opting for certain add-ons, while others may remain excluded regardless. You should choose a travel insurance plan with minimal exclusions, preferably. *
  1. Opt for the right type of travel insurance

There are many types of travel insurance plans in the market. Each one offers specialised travel insurance coverage. For instance, corporate travel insurance covers business travellers and their needs. A student travel insurance plan helps in meeting the needs of international students while a senior citizen travel plan considers the needs of travellers over 60 years of age. * Choosing a specialised plan can help in meeting the specific needs of different people so that they have safe, secure travels.
  1. Check the maximum claim limit

Before you finalise the plan, ensure that the claim limit for the plan is adequate. If a medical emergency were to come knocking, the plan should offer sufficient compensation to cover the expenses. Or, if a natural disaster were to delay your flight, the plan should have enough sum insured to support your extended stay during those times. * The sum insured can differ from the claim limit of each coverage aspect. A higher sum insured may mean that the premium may rise. However, it can be helpful when unprecedented events occur.
  1. Select suitable add-ons

As explained above, add-ons or riders can help you achieve coverage for events on top of what is covered in the travel insurance plan. These optional add-ons can be availed at the cost of an extra premium. You can choose the appropriate add-on based on your needs. For instance, if you are a pregnant woman or a new mother, you can opt for a maternity and baby cover. It provides coverage for different unexpected concerns that can crop up during your travel. Claims are subject to terms and conditions set forth under Travel insurance policy.*
  1. Compare plans before buying

You would have a basic understanding of the things that you should consider before you buy a plan. Now, the next step would be to compare travel insurance plans in the market based on these factors. Along with the points mentioned above, ensure to choose a plan that is affordable to you. The premium should not eat into your travel planning budget. With so many different types of travel insurance plans in the market, it can get a bit overwhelming for a traveller to choose the right one. Hopefully, the points explained above help you in the process. It is also important to read the fine print of the policy before proceeding.   * Standard T&C Apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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