Travel Insurance
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Firstly, it is important to file a claim quickly or the time period to do so might lapse, so hurry.
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The very fact that you are reading this makes you special. Very few travelers realize the importance of travel insurance in case of calamities. Let’s look at some to-dos and to-don’ts of Travel Insurance.
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Before you embark on your much-awaited foreign trip, it is strongly recommended that you get yourself covered under a good foreign/international travel insurance plan. A good international travel insurance plan will cover you for the following undesirable circumstances:
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It is important to file a claim quickly or the time period to do so might lapse, so hurry.
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While some countries make travel insurance mandatory, the others don’t. Nevertheless, travel insurance is extremely important regardless of which country you're travelling to and wether you’re travelling abroad or within the home country. It covers you for the following risks –
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Travel Insurance should be the most important itinerary while planning the budget for your holiday. A Travel Insurance will cost anywhere bet 4% to 8% of the total Vacation Trip Cost.
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When you are travelling abroad it is one of the most delightful experiences to visit different places and explore the world. When you plan your trip, you leave no stone unturned, i.e. from buying your tickets, visa formalities to booking the appropriate holiday destination and stay with every possible care to ensure a perfect trip. In order to avoid any unforeseen event like situations related to your health or cancellation of a trip due to family emergency, it is advisable to buy an adequate Travel Insurance.
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Travel Insurance Plans are offered by many Insurance Companies, but in most cases, the company will not have an office at all the destinations where you plan to travel. This is the main reason a TPA is appointed. A Third Party Administrator (Commonly referred as TPA) is an IRDA (Insurance Regulatory & Development Authority) approved specialized service providers. As per IRDA's website, there is a total of 30 TPA's (Third Party Administrator's) in India, as on 15th January 2016.
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Yes, the policy will reimburse the fare expense for just one family member. It is covered under the Compassionate Visit. The policy states that, in the event if the insured is hospitalized consequently for a certain period due to Injury sustained and/or Illness contracted, the company shall pay the sum as specified in the policy schedule per day or part thereof for special assistance rendered to the Insured during the period of hospitalization by any person of the family or near relatives.
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Yes, if the policy has such provisions, then the cover will be extended at no additional cost.
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