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A Handy Guide to Buy the Best Travel Insurance

Going out on vacations remains one of the fondest memories for many. A large majority of people are often to be seen taking time out of their ever-so-mundane lifestyle and their ever-so-busy busy schedules to explore one of the many enchanting corners of the world. In fact, a report by UNWTO predicts that India will account for 50 million outbound tourists by 2020.

Given the ever-increasing number of travellers in the country, it’s no rocket science to understand why international travel insurance plans have become such revered commodity amongst the community of travellers in India.

Here’s the Deal:

Embarking on a journey, away from the hustle-bustle of everyday life, requires extensive preparation. And travel insurance remains an essential part of your holiday preparation, whether you’re travelling domestically or overseas.

It doesn’t only provide coverage against unwarranted unforeseen medical expenses while travelling, but also provides a safety net against travel-related emergencies including baggage loss, flight delays, missed connection, loss of passport, etc. 

But Here’s the Shocker:

There are more than 20 travel insurance companies that offer hundreds of different international and domestic travel insurance products. And this sheer multiplicity of choice can baffle even the most seasoned of travellers when it comes to picking up the best travel insurance plans. 

We’re Sure you Wondering:

“How to find the smartest travel insurance policy available in the market?”

Well, you’re in luck for we’re going to pull the curtains and reveal 10 handy guide to help you make a wise decision and buy the smartest travel insurance policy.

So, let’s dive right in!

Compare and Buy Travel Insurance Online

With almost every travel insurer available online, it’s not too difficult to compare and buy travel insurance plans in just a few seconds and with just a few clicks. But a large number of travellers are often sceptical about compare and buy travel insurance policies online.

While the choice is completely individual, buying travel insurance online comes with greater control and a lot of flexibility. With online purchase, even the best travel insurance plans tend to be more reasonably priced as compared to offline gravel insurance policies. This is due to the absence of intermediaries.

Do well to carefully compare different travel insurance plans online. Remember to compare policies not just for the price, but also for the coverage offered. Look for policies that offer adequate coverage according to your specific requirements and trip objectives.

Keep Your Trip’s Objective in Mind

When buying the best travel insurance policy in India, you must do well to keep in mind the objective of your trip. Remember, different kinds of covers are available for people of different age groups and different trip types.

For example, elderly people planning a trip abroad must do well to look for senior citizen travel insurance plans. On the other hand, students travelling for higher studies abroad must do well to compare different student travel insurance plans online. Similarly, those travelling overseas to undertake some medical treatment must browse through the web to find the best medical travel insurance policy and those travelling within the country must look for the best domestic travel insurance plan. 

One size doesn’t fit all. So do travel plans. Therefore, it makes sense to pick the best travel insurance plan that suits the purpose you are travelling for.

Choose Policy According to Your Destination

Everyone and grannies know different global hotspots have their own set of challenges and threats. For example, not every health risk is covered with a vaccine when it comes to travelling to South America.

It is important to understand that not all travel insurance policies may provide coverage for all the different risks associated with the travel destination of your choice. It may sound a bit overwhelming at first, but an adequate travel insurance plan can easily help you take care of these threats and the expenses associated with them.

Do well to pick the best travel insurance plan that provides adequate coverage for threats associated with your intended travel destination. By carefully researching, comparing and buying the best travel insurance plan that best suits your travel destination, you’ll ensure adding layers of safety to your trip. We’re sure you’ll agree: once you ensure protection against the security risks of your travel destination, there will be no need to do anything but have fun. 

Get Acquainted with the Exclusions

Here’s a brutal truth about travel insurance plans:

Like other insurance products, even the best travel insurance plans don’t really provide coverage for everything during a trip. In fact, no travel insurance policy provides absolute coverage. Most international and domestic travel insurance plans exclude certain threats and risks from coverage. Therefore, it makes sense to get acquainted with these exclusions.

Getting acquainted with these exclusions can go a long way in avoiding complications such as rejection of claims later. So, do well to understand all the exclusions of your intended plan before buying travel insurance online or offline.

Know the Claim Filing Process

You’ll agree: Having a travel insurance plan can be like having a weapon - you pay for it, you're probably relaxed that you have it, but you hope you never need to use it. The headache of dealing with an injury or losing your baggage during your trip could easily be overwhelming.

When you're dealing with travel insurance, filing and following through on an insurance claim can be a laborious process. Your claim may get denied if you aren’t really sure about the travel insurance claim procedure.

So, getting familiar with the travel insurance claim process may help you mitigate the risk of getting your claim rejected. In addition, you must do well to choose the one which is more consumer-friendly and settles the claim in the lowest possible time.

Over to You!

So there you have it – 5 handy guide to find and buy the best travel insurance plan. Now, go ahead and put the learning into practice and add layers of security and fun to your upcoming holiday trip.

Got some exciting tip to help fellow travellers ensure a carefree trip? Leave your thoughts in the comments section below. Don’t forget to subscribe get a daily dose of insurance tips and advice at our official Facebook and Twitter page.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.