Traveling is a different experience for every individual. For some it may be a break from their mundane lives, for others, it may provide a fresh perspective on cultures and people. While the purpose of travel — work or leisure — does not matter, it is essential to meticulously plan them. Thorough planning helps remove uncertainty, as most times the place is new and unknown. In this process of planning, travel insurance
is something that many travelers overlook or happen to skip — a travel insurance policy.
With an appropriate travel policy, any financial impact of inconveniences during travels need not be worried about, as the insurance plan will have your back. Missed flights, loss or delay of baggage, and losing vital documents (such as your passport) are some situations covered by your insurance policy.
But to ensure that you have the right policy by your side, here are a few pointers to remember:
• Deciding On the Type of Policy — Single Trip or Multi-trip Cover
Travel insurance plans are available for every type of situation, be it for occasional travelers or even for frequent flyers. Before you finalize a specific travel policy, you must know what kind of traveler you are. For instance, if your work demands you to hop on to flights frequently, a multi-trip plan is a smart choice. On the contrary, single trip policies are best suited for someone who chooses to fly once a year. *
• Knowing About the Policy Coverage
Before you zero down on one plan, it is best to know about the policy’s coverage in detail. It is important to be informed of the important aspects, such as the coverage for both domestic as well as international travels, coverage of loss of baggage, and coverage for trip cancellations. Further, based on your requirements, determine whether the policy is a primary travel plan that covers comprehensive scenarios or is it a secondary travel policy that provides reimbursement of expenses. *
• Be Informed of the Medical Situations Covered in Your Travel Policy
It is essential to know about the medical protection provided in your insurance plan. Every policy mentions a list of situations for when the policy will provide protection. Further, any pre-existing ailments also need to be made known to the insurance company, followed by obtaining confirmation of whether they shall be included within the coverage. While a travel insurance policy, be it domestic travel insurance
or international travel insurance, aims to protect against the pitfalls during your travels, it also covers medical uncertainties within it. So, it is best to be aware of all the scenarios covered in your insurance plan. *
• Get Familiar with the Policy Exclusions
When selecting travel covers, knowing the inclusions isn’t sufficient. These are situations for which no coverage is provided by the travel insurance plan, and hence, you need to be prepared in the event of such adversities. Therefore, when you select a specific policy, make sure to read through its policy documents which should highlight both, the inclusions and exclusions. *
*Standard T&C Apply
Lastly, do not forget that there are several travel policies based on the type of traveler. For instance, students going abroad to study can opt for a student travel plan while similarly, when accompanied by older people, travel insurance for senior citizens
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.