Compare travel insurance plans coverage
Compare the benefits (coverages) and advantages that each travel insurance plan is offering. When you opt for the best travel insurance plan it is advisable to go beyond the premium payable for the plan and understand the coverages that the insurance company is providing for the premium.
It is possible that you may have an insurance plan at a very competitive premium, but with a higher deductible for Accident & Sickness…or a cheaper plan but without coverage for Pre Existing conditions…When you go through eIndiainsurance.com, you get to see a detailed comparison of the respective offerings by all leading insurance companies offering Travel Insurance. There are FAQ’s available to answer any additional clarifications one may have. Please do not compromise coverage for premium.
Destination of Travel
The sum assured opted for under Accident & Sickness depends considerably on the destination country/ies you are set to visit. The sum assured will depend on which country you plan to travel to and how expensive are the healthcare costs there? Generally, premiums are high where the healthcare costs are high.
Healthcare costs are significantly higher in countries in The Americas (North & South), Europe, Australia and even some Asian countries including Singapore and China when compared to Healthcare costs in India. Ideally premium should not be a major influencing factor when you take into account Destination. Based on this information decide the insurance plan most suited for your travel.
Holiday – what’s on the Itinerary?
Are you planning an adventurous trip like Bungee Jumping, Scuba Diving, Trekking across difficult terrains, going for skiing, kayaking, river rafting or other water sports? A basic travel insurance policy will not cover the risks involved in these adventure activities.
So the ideal travel insurance policy for you will include a special coverage for Adventure Sports with an additional cost. Similarly if you have already made advance payments for your air/hotel/taxi/cruise bookings etc, it is advisable to buy an insurance plan which covers Trip Cancellation/Curtailment, in case your trip needs to be cancelled or shortened for any covered emergency.
Exclusions
It is very important for every traveller to note that the exclusions will tell you what will not be covered in your travel insurance policy. It can be safely assumed that whatever is not stated as Exclusions in a particular plan mean that the plan covers the same. It is better to seek clarifications prior to purchasing a particular plan and before your trip commences. If you still have doubts, please reach the eIndiainsurance.com customer support team or to the travel insurance company as to what the exclusions are so that you have realistic expectations when you go for a claim.
Claim Settlement Process / TPA
The best travel insurance provider will be the one which boasts of the most efficient and transparent claim settlement process. You have to know the claim settlement process of your insurer, documents to be submitted in case of a claim and timelines for claims settlement before you decide on the insurance partner. Also keep their toll-free helpline number handy while you travel to be able to reach out to them in an emergency.
Another important aspect of claims, is the insurance company’s Third Party Administrator (TPA) abroad. One should understand the TPA’s network of hospitals across the world and their competencies to handle a critical situation. (For eg. Tata AIG will be a strong player in US because of their parent company AIG Inc’s presence there). It is advisable to get your insurance from a company which handles the transparent claim settlement process so you have a hassle free experience.
Buying a Policy
Ease of buying a policy is also important for today’s tech savvy traveller… eIndiainsurance.com today offers competitive products across all leading insurance companies in an easy to choose comparison table and multiple payment options. It will take you not more than 2-3 minutes to buy a policy on this website.
Travelling is exciting and rejuvenating but don’t let any kind of unfortunate and unexpected incident spoil your trip. Travelling abroad is always an exciting experience, but it comes with its own risks. While one can trust in planning and their ability to handle emergencies, unforeseen situations can arise for both medical and non medical reasons…and foreign countries are very expensive when it comes to most things, especially medical emergencies. Whenever you set to go on a holiday, be sure that you choose an ideal good travel insurance policy to cover your trip. This will ensure you have a perfect stress free holiday. Why risk ruining your vacation for something that could be taken care of easily by buying travel insurance prior to your trip?
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Travel Insurance
