Why Travel Insurance Is Necessary?
An idea of going on vacation to see & experiencing amazing things is very nice. However, during the course of our travel if any unexpected, unforeseen event took place like sickness or injury, travel delay, baggage loss, we should be well prepared for this.
From past few years, medical costs have also appreciated significantly around the world, which are not affordable to many people.
Added to this, things like global terrorism, increased travel industry bankruptcies, global economic instability and the overall unpredictability of life today causes many people to find ways to minimize the unique financial risks associated with travel.
Apart from this, now airlines, tour operators worldwide have made cancellation policies more restrictive. Therefore, if you have to cancel a trip it is likely that you will lose substantial portion of your pre-paid travel expenses. Here is when travel insurance comes into picture.
Perceptive travelers opt for travel insurance in order to protect against the potentially staggering financial costs resulting from crises. Get travel insurance quotes >>
Here we will discuss in nutshell some of the important travel insurance related plans.
Basic plan types:
Make sure you are adequately covered: When planning a trip abroad make sure whether you covered for medical expenses incurred while traveling abroad.
Many people are surprised to see that their health care provider offers little or no protection or reimbursement for the costs of any type of medical treatment received in a foreign country. So, purchase adequate international travel insurance.
Information required for buying online travel insurance:
the names, passport numbers, date of birth, contact details of travelers, particulars of assignee, journey details like country of visit, visa, trip duration, travel dates, number of traveler(s)
Factors considered while calculating premium: travel insurance premium depends upon various factors like your duration of travel, country of travel, your age and number of travelers.
Irrespective of the trips duration, travellers are required to pay minimum premiums i.e. 5 -7 days duration, specified by the travel insurance providers.
You can buy international travel insurance for a maximum period of 180 days and can extend it for another 180 days, subject to permission of the insurance provider company.
Get travel insurance quotes >>
From past few years, medical costs have also appreciated significantly around the world, which are not affordable to many people.
Added to this, things like global terrorism, increased travel industry bankruptcies, global economic instability and the overall unpredictability of life today causes many people to find ways to minimize the unique financial risks associated with travel.
Apart from this, now airlines, tour operators worldwide have made cancellation policies more restrictive. Therefore, if you have to cancel a trip it is likely that you will lose substantial portion of your pre-paid travel expenses. Here is when travel insurance comes into picture.
Perceptive travelers opt for travel insurance in order to protect against the potentially staggering financial costs resulting from crises. Get travel insurance quotes >>
Here we will discuss in nutshell some of the important travel insurance related plans.
Basic plan types:
- Accidental death & Dismemberment: In this type, insurance company pays the insured or its beneficiary a substantial lump sum benefit when an accident results in death or loss of a body part during a covered trip.
- Trip protection: Trip protection Plans reimburses your non-reimbursed travel expenses if an emergency like death, sickness, airline strike, travel company bankruptcy occurs right before or during your trip causing cancellations, interruptions or delays. These plans include travel assistance services, coverage for lost or damaged baggage, as well as minimal coverage for incurred medical expenses. Travel protection plans offer good protection for international & domestic travel when your trip cost is substantial.
- International Medical Insurance: A medical insurance designed to reimburse you for medical expenses incurred when you are traveling or living in a foreign country for 2 weeks to 2 years. The scope of coverage can be substantial enough to cover major medical expenses such as emergency surgery and extended hospital stays.
- Group travel insurance: Group travel insurance is available when at least 5, 10, or more travelers on the same tour apply for travel insurance coverage on single application. Purchasing group travel insurance can result in substantial savings particularly for large groups; say for 20 or more travelers and especially for students & senior people.
Make sure you are adequately covered: When planning a trip abroad make sure whether you covered for medical expenses incurred while traveling abroad.
Many people are surprised to see that their health care provider offers little or no protection or reimbursement for the costs of any type of medical treatment received in a foreign country. So, purchase adequate international travel insurance.
Information required for buying online travel insurance:
the names, passport numbers, date of birth, contact details of travelers, particulars of assignee, journey details like country of visit, visa, trip duration, travel dates, number of traveler(s)
Factors considered while calculating premium: travel insurance premium depends upon various factors like your duration of travel, country of travel, your age and number of travelers.
Irrespective of the trips duration, travellers are required to pay minimum premiums i.e. 5 -7 days duration, specified by the travel insurance providers.
You can buy international travel insurance for a maximum period of 180 days and can extend it for another 180 days, subject to permission of the insurance provider company.
Get travel insurance quotes >>