There are some things that you should take care of before buying a policy so that you can protect yourself from some premiums and many obstacles.
Travel Insurance: While going for any holiday or journey, the first thing comes in the mind of the person, his bag, camera, hotel booking, etc., which are a priority to take care of. It is rare that a person thinks about taking a travel insurance policy for himself and his family. But it comes with every insurance, not just with car insurance because it is mandatory. It is very important to understand that a small accident or injury by the airline can spoil your vacation.
While traveling or traveling anywhere, we do not want anything wrong. But often there is a problem such as lost luggage, flight delays or cancellations or any medical emergency. So it is important to cover it at a time when you are away from home and you have limited or no access to resources.
Travel insurance policy is a very standard product among insurance companies because its use is global. However, there are some things that you should take care of before buying a policy so that you can protect yourself from some premiums and many obstacles.
Travel insurance premium is higher for those places where health expenses and other services are expensive. Today the customer can shorten his international policy in which he has to choose from options like include America, outside America, inside Asia, inside India, etc. So keep in mind to keep your travel location small so that you can get the benefit of premium.
Travel frequency and duration
Generally, companies offer travel insurance policies for the duration of travel from 30 days to 180 days. Take the duration of the policy or a little more than the duration of your journey. The premium amount is more for long journey period. If you fly again and again, take an annual multi-trip policy that will save your money and more importantly, you also avoid the hassle of buying the policy again and again. These plans are valid for one year and they usually cover any number of trips. The maximum duration of each trip can be 30 to 45 days. This will save your price.
If you are travelling in family, then check whether one policy which is covering all, has a lower premium or it helps to buy two policies in which senior people can be covered in another policy. For example, if you are over 65 years of age, then you can choose a plan for senior citizen with which special features like coverage on the pre-existing disease, more insurance amount will be given on repeated recruitment etc.
Purpose of travel
Make sure that you fill the purpose of the journey in your application form correctly, whether it is going out with family or with friends. It can also be an adventure trip which includes track, water sports etc. Do fill it in the form. Adventure sports is not covered in travel insurance. However, the additional premium can be paid for this.
By: Deepak Yohannan, CEO, MyInsuranceClub
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