There are a few things that you should keep in mind before buying a policy so that you can save yourself from low premium and lot of hassles.
Travel Insurance: While going for any holiday or journey, the first thing that comes to the mind of a person is his bag, camera, hotel booking etc., which are the priority to take care of.
It is very rare that a person thinks of taking a travel insurance policy for himself and his family. But it comes with every insurance, not only with car insurance as it is mandatory. It is very important to understand that any minor accident or injury by the airline can ruin your vacation.
We do not want anything to go wrong while traveling or traveling anywhere. But often there is a problem like loss of luggage, delay or cancellation of flight or any medical emergency. So it is important to cover it at a time when you are away from home and have limited or no access to resources.
Travel insurance policy is a very standard product among insurance companies as its usage is global. However, there are a few things that you should keep in mind before buying a policy so that you can save yourself from a low premium and a lot of hassles.
Location
Travel insurance premium is higher for places where health expenses and other services are expensive.
Today the customer can shorten his/her international policy in which he/she has to choose from options like US included, US outside, Asia inside, India inside etc. Therefore, 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 a travel period of 30 days to 180 days. Take the term of the policy equal to the duration of your journey or a little more. The premium amount is higher for longer journey duration.
If you are a frequent flier, take an annual multi-trip policy which saves you money and more importantly, you avoid the hassle of buying the policy again and again. These plans are valid for one year and generally cover any number of trips. The maximum duration of each trip can be 30 to 45 days. This will save your cost.
age of travellers
If you are traveling in a family, check whether the premium is lower in one policy which covers all or it helps to buy two policies covering seniors in another policy. For example, if you are above 65 years of age, you can opt for a plan for senior citizens with exclusive features such as coverage on pre-existing diseases, higher sum insured on repeated admissions, etc.
purpose of travel
Make sure that you fill the purpose of travel correctly in your application form, whether it is outing with family or friends. It can also be an adventure trip which includes track, water sports etc. Please fill it in the form. Adventure sports are not covered by travel insurance. However, additional premium may be paid for this.
