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How to Get Travel Insurance Online?
- DetailsWritten by PolicyBazaar -
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Modified 27 October 2017
In general, the frequent bag packers understand the significance of a travel insurance policy before starting their domestic as well as foreign trips. God forbid if they get injured or fell ill in a foreign country; as a part of the offered cover, the insurance provider will pay for the treatment expenses.
In case you are traveling to a foreign country like the United States, you should opt for buying sufficient travel insurance coverage. The reason behind that is healthcare expenses in the United States are skyrocketing, and you can be left with a hole in your pocket because. Without any medical insurance, you will have to spend way more than what you spend on the treatment of ordinary medical problems in India.
As most of the countries have made it mandatory for the tourists to display their travel insurance documents before entering, as receiving the healthcare facility in a foreign land comes with various complications. Various medical institutions or hospitals cash out the helplessness of the tourists and charge ridiculously high prices for preliminary medical assistance and hospitalization.
It is unfortunate that majority of people don’t even know about various components that can affect the premium of travel insurance. This article is your step-by-step guide to buying an affordable potential travel insurance plan so that you can move forward with your travel plans without any worry about any unnecessary expense.
What Type of Travel Insurance Plan Do You Want?
Luckily, a plethora of insurance instruments is available for you to make a selection from. Some insurers offer medical travel insurance plans that are formulated exclusively for one-time travelers. For example, in case you are planning to go on a trip during the summer, you should give a one-time insurance plan a shot. For the frequent travelers exploring the world on impromptu trips, the best and affordable option is to opt for a yearly travel insurance plan.
Yearly travel insurance plans are affordable for frequent travelers, as you don’t have to worry about filing your application for a brand new insurance package again and again. The very first step is to determine which type of insurance plan is suitable for you. So many insurance companies offer different types of travel insurance packages. That is why you need to recheck your travel goals. In case you are a frequent traveler, the ideal choice is to zero in on an annual plan since the expenses are substantially low. In addition to that, various insurance providers offer yearly insurance plans along with the coverage for your beloved family members. While exploring various insurance packages, make sure to consider your insurance options.
Tata AIG Travel Insurance, Bajaj Alliance etc. are renowned for their travel insurance policies.
Compare Various Insurance Plans
The next thing in this direction is to search for various insurance plans/packages and finalize the one that is affordable and at the same time that provides the maximum coverage to you. When you explore the websites of different insurance providers, you will be provided with an option to ask for quotes regarding various insurance packages. It can be a herculean task, as there are various insurance companies offering insurance instruments across India.
You need to spend considerable time exploring insurance plans from every company. The good news is that you can save your time and money by comparing various insurance plans online, which makes your task easy breezy. You will come across numerous plans and you can opt for the one that meets your needs.
Factors Affecting the Premium
When you start exploring various travel insurance plans, you must know about a few things already. There are so many factors that decide the premium of an insurance policy. When you request for quotes from various insurers, you get a list of dissimilar prices for similar coverage. This is because they all practice dissimilar parameters so that your viability is evaluated.
There are some insurers who don’t provide travel insurance to those who are suffering from one or more medical conditions, as it is considered as the pre-existing illness. Others insurers apply conditions on the age of their potential insurers. For instance, there are a few insurance companies that don’t offer any travel insurance plan to people aged 60 and above. There are other insurers that cater exclusively to the people aged above 60 years or with a pre-existing illness.
These are all prominent elements your travel insurance premium is based on. When you are fit and fine or have very little or no medical history, the premium of your insurance is less. The travel destination also dominates the premium. The premium would is higher when you are planning to travel to a country like America.
|You may like to Read: How to get the best deals on travel insurance?|
Applying For Travel Insurance
Once you have decided to buy a travel insurance plan, the first thing to do is compare various insurance plans offered by different insurers. It is recommended to log onto an insurance aggregator’s website. You will need to provide the details of your pre-existing illness, your destination, and other important details, including your age along with the details of people who will accompany you.
After providing the required details, the website automatically displays the result of a comparison between various insurance plans from different insurance companies on your screen. You can choose the most appropriate plan for you, based on this comparison. Most insurance aggregator's work with various insurance providers to make it easy for their customers to purchase insurance plans directly.
When you finalize an insurance plan, you will need to fill a questionnaire that is formulated to establish the severity of your pre-existing illness. The insurance providers need to know these details about their clients in order to finalize the premium. When you fill a questionnaire, it is easy for you and your insurance provider to offer you the right insurance policy. It is important that you don’t lie and provide correct details regarding your medical condition.