When you buy a travel insurance policy, it does not cover things like pre-existing illness, risk of war, suicide or mania and dangerous sports.
Travel Insurance makes your journey stress-free and provides you with comprehensive coverage during the journey. Travel insurance policy covers both domestic and foreign travel. This policy will cover you and your family in case of travel related accidents, unimaginable medical expenses during travel, lost luggage, lost passport, flight delay or any problem or late arrival of luggage. Protects against damages.
According to the insurance regulator IRDAI, the name of travel insurance varies from insurance companies to their level. If you are buying a travel insurance policy, then it is important for you to do special preparation and homework beforehand.
Know this before taking a policy
If you are considering buying a policy, check whether it covers both domestic and foreign travel. Also, understand what cover you are getting in it. Do ask the insurance agent all the doubts and apprehensions that arise in your mind.
It is very important to know what the terms and conditions are. One thing to be aware of here is that travel insurance usually provides cover only for a specific period of the journey. However, some companies may also offer some special policies for the traveler.
It doesn’t cover these things
According to IRDAI, when you buy a travel insurance policy, it does not cover things like pre-existing illness, risk of war, suicide or mania and dangerous sports. Every company is present in the market with different cover policies. So first understand the policy comprehensively, then buy. One thing must be noted that always buy the policy according to the need.
In case of claim abroad
If you have gone on a foreign trip and due to some reason a claim situation arises in that country, then you should also be aware of it. Usually hot numbers are given in the policy, give information about the claim on it. You should also inform the local police, embassy or transport company there about this. For this, also inform the insurer about this.
pay attention to these things
- Don’t wait till the last minute to buy a travel insurance policy. If the journey is fixed then also buy insurance.
- To buy a policy, do not think of just taking the cover specified by the travel agent. Collect as much information as possible and choose your option yourself.
- If you are in a rush to buy cheap travel insurance, avoid doing so, as it may not be enough for your needs.
- If you are deducting your travel, check your policy and know whether you are eligible for premium refund or not.
