Unexpected
incidents can ruin one’s holidays. Impediments such as baggage or passport
loss, medical emergencies, flight cancellations and other mishaps can turn your
trip into a mess and cause you severe financial loss and inconvenience in
foreign lands. Availing a travel insurance policy to
cover you against all such incidents can be a smart idea.
Before
you buy a travel insurancepolicy,
the following are the things that you must consider:
Travel
insurance policy coverage
Most travel insurance policies cover you under the
following circumstances:
●
Personal
liability charges
●
Bounced
hotel bookings
●
Cancelled
flight expenses
●
Bodily
injuries incurred during an accident
●
Vehicular
breakdowns
●
Travel and
accommodation issues
●
Terrorism
attacks
All
the expenses and damages related with travelling in India as well as abroad are
compensated with the help of such policy. Moreover, with easy to avail Travel
Insurance Policies from companies like Bajaj Finserv, you get a coverage
of up to Rs. 3 Lakh to secure your holidays at a nominal price.
- What are
the types of travel insurance plans?
●
Domestic travel insurance: If you are travelling within the Indian territory, avail the Domestic
Holiday Cover under Pocket Insurance schemes offered by Bajaj Finserv to avail coverage for
flight delays and other obstacles. This policy includes any financial loss incurred due topersonal liability, lost baggage, and travel delay during
your tour.
● Student
insurance for travel: This
provides financial assistance to students going abroad to study at
universities. Students applying for academic courses overseas
can apply for it.
● Medical insurance:Physical injuries suffered during an accident in a foreign locale
can prove highly expensive if you are without a medical travel insurance policy.
In case you are travelling particularly for medical treatments outside, then it
can also prove highly beneficial.
● Overseas
insurance schemes:
International travel insurance policies help to cover expenses incurred owing
to passport loss, emergency hospitalisation and loss of documents such as
passport.
● Schengen
travel insurance plans: This
proves mandatory if you are travelling to countries like Austria, Czech
Republic, France, Germany, Poland, Finland, etc. for more than 90 days.
Eligibility
criteria to buy a travel insurance policy
You need documents such
as passport, income details, visa, and tax statements to apply for the best travel insurance
policy available in the Indian market.
- For overseas insurance policies, only 2 adults
(within 60 years) and 2 children (within 21 years) are covered.
- Student
travel insurance plans are offered to those (within a specific age group)
who shall pursue professional/academic courses abroad.
- Senior
citizens up to 85 years of age can apply for these polices without going
through any medical examinations.
- The Schengen insurance plans are applicable for
only business/leisure travel purpose. It is eligible for babies who are
older than 90 days and adults up to 70 years.
How do you buy travel insurance online?
The
rapid digitisation in every industrial sector has made everything more
accessible online. With the case of insurance plans, you can now purchase your
preferred policies online.
NBFCs
like Bajaj Finserv let you buy
travel insurance policy in India online by filling in a form provided on
their official website. You can even pay your premium amount over the web via
several payment gateways.
How to mke a travel
insurance claim?
●
Complete
your formalities as specified by the provider. Carry a soft and a hard copy of
your insurance policy while travelling.
●
Call a
helpline number for notifying your losses.
●
Passport
copy having immigration stamps are a must-have.
Get
a clear understanding of your travel requirements before you buy a travel insurance
policy. Considering your travel destinations and length of vacation, choose a
plan that best suits your requirements.
