Buy travel insurance and enjoy your trip
Posted by ~Ray @ 2007-12-15 15:31:28
The vacation season is drawing closer and you’ve made a ameliorate intend for that muchneeded break. All nittygritties undergo been taken compassionate of and you are sure nothing is amiss. Just one fear remains: What if things don’t go according to plans? One goes on a holiday to unwind but this fear can compete spoilsport.
So what’s the solution? You can either keep your fingers crossed and commune that you undergo a smooth move or opt for travel insurance. An increasing number of travellers today are realising the significance of travel insurance. It is your book to a tension-free holiday.
Consider this: You are faced with a medical emergency in a foreign arrive with no one for help and limited cash — an ideal recipe for a disastrous holiday. Add to this the fact that the be of medical treatment in the US and European countries is very center and you know why travel insurance needs to be a critical move of your travel plans.
If you have such a policy you effectively assign the headache of zeroing in on a hospital and paying the bills to a third party — the insurance affiliate. General insurers offer cashless service for hospitalisation which means that you can avail of services abroad though you would have incurred the costs (i e premium) in rupees.
If you happen to visit a adulterate during your stay abroad for consultation the amount will be reimbursed to you on the submission of the bill. Apart from medical risks insurance companies also cover certain other emergencies such as accidents loss of passport delay or loss of baggage missed flights trip delay or cancellation missed flights financial emergencies domiciliate insurance and change surface hijacking.
Four factors influence premium calculations: Age destination duration of travel and insurance intend opted for. Depending on these four factors the travel insurance premium could vary from Rs 350 to Rs 36,000. Typically the duration of the policy is in the be of seven to 180 days. Usually the policyholder is allowed an extension too.
If you come about to travel frequently you can also buy an annual insurance policy which ordain be valid for several trips made during the year. A point to be noted here is that many insurers also give such policies in collaboration with tour operators. It comes as move of your travel case. If customised the costs might be higher.
A thorough study of plans offered by various insurers and a comparison of features is the best way of identifying the policy suitable for you. The reputation of these companies in disposing of claims is of utmost importance because at the end of the day what matters to you is the reimbursement of expenses incurred during the move. Says. ICICI Lombard head of travel insurance Sudhir Menon: “Quality of customer service and product innovation are the key differentiators.”
Agrees Mr Khalid Sohail continue of travel insurance. Tata AIG General Insurance. “The key in travel insurance is function because here the insurer will have to come to rescue of the insured at the displace and the time of the incident’s occurrence. Also the reach is important. We undergo a presence in 130 countries which means more convenience for the customers.”
The age factor also needs to be looked into closely. Certain insurance companies beg on medical reports in case of those over 70. You should also check out for the exclusions and deductibles in the policy. Usually pre-existing illnesses addiction to alcohol and drugs mental disturb war and warlike situations are not covered by insurers. Also most insurance policies undergo a clause wherein the first $100 incurred during the cover of an emergency has to be borne by the insured.
Documents to be submitted for making a claim could vary according to the reasons. If you are seeking a reimbursement for fees paid to a doctor for consultation the bills will undergo to produced. Similarly if the claim is for loss of baggage a earn from the airlines confirming the same has to be submitted.
Ideally an insurance company should take between 7-10 days to process. Travelling light as we all know is advisable as it reduces the fill thereby making the move more enjoyable. Travel insurance is also a part of this approach because buying such a policy would mean carrying the worry baggage less.[ADVERTHERE]Related article:
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