Things to keep in mind while buying travel insurance



Importance of travel insurance

Lost your wallet, cancelled the flight, lost your baggage. Sounds like a holiday from hell right? Well, these are some of the unexpected emergencies that you might face while you are a holiday. To prevent these financial risks, you should get a domestic travel insurance policy. Here is everything you need to know about getting a domestic travel insurance policy.

How to buy the insurance policy?

You can buy a domestic travel insurance policy while making the booking on a travel aggregator website if the aggregator has a tie-up with an insurance company. Otherwise, you can buy it separately from any general insurance company, online or offline.

Types of travel insurance covers

It is important to understand the coverage of each policy product offered by different insurers to be able to choose the most suitable option. You can buy a single trip travel insurance policy or an annual multi-trip cover. A multi-trip cover is suitable and more economical for frequent travellers and spares them the time and effort needed to purchase individual policies every time. The policy can be purchased to cover the purchaser as well as his family members like spouse, parents, and children.

Restrictions in a travel insurance policy

It is important to check the age restrictions for covering family members in the travel policy. Senior citizens typically get travel insurance up to the age of 85 years without having to undergo medical tests.

The details you need to provide

For an online travel insurance application, the age of the family members to be covered needs to be provided in the application form. Name and address of the insured, as well as travel dates, also need to be provided. Once the details are provided, the premium is calculated and can be paid online using net banking, credit card or e-wallets.

News Source: Economic Times, Url: https://bit.ly/2P9XuKf

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