There is some good news for those buying travel insurance from Indian providers. You can benefit from special allowances, such as financial emergency allowance and even an allowance for hijack distress, when you choose your travel cover. So, if you are planning to buy travel insurance to cover any unexpected medical expenses while you are travelling or to protect your valuables, get all the information before you make a decision.
How to Choose Travel Insurance
Choosing travel insurance cover for the very first time could prove to be a daunting task if you are unaware of how to go about it. To begin with, your specific requirements would have to be taken into account, including your age, the nature of your holiday, the destination you are headed to and the duration of your stay. Once this is done, it would be prudent to get answers to a few extremely relevant questions before choosing your travel policy.
Questions that Determine the Right Choice of Travel Insurance Policy
The most important questions that need answers before you choose travel insurance include:
- What is the mode for settling claims?
It is important to check the claim settlement record of the insurance provider you wish to buy from. Also, check if the claims would be settled in the currency of the country you are traveling to or would be reimbursed in Indian rupees.
- Are you aware of the helpdesk numbers?
Always make sure you have the helpdesk numbers handy, so that an instant contact can be established in case of an emergency. Although some companies would have helpdesks abroad as well, others might require you to call their India office.
- Can my travel insurance policy be extended when I am abroad?
Although the requirement may not arise, it would be essential to check if the policy can be extended while you are abroad. If yes, make sure you are well versed with the associated terms and conditions for extension.
- Will the cover be applicable during travel or while driving a rented vehicle abroad?
These days, travel insurance policies come with a whole range of covers. So, consider asking your insurance provider about them. In case a specific coverage is not available, your insurer could suggest some other forms of coverage that might serve the purpose for you.
- What are the deductibles?
The deductible is the amount that the insurance company would accumulate in losses for each and every claim. The company would only be liable if the amount in loss overshoots the deductible amount.
Remember to source your travel insurance policies from trusted insurers alone. It pays to be safe rather than regret at leisure and that too in a foreign land!