You would have done detailed planning for your holiday trip but if you have missed out on a travel insurance plan, your plan remained incomplete.
It’s especially true if you are planning a journey abroad. It’s very important to have an overseas travel insurance plan to make your trip hassle-free.
Almost all insurance companies today offer a variety of travel insurance schemes, tailor-made for all classes of travellers.
If you are new to the idea of travel insurance, here is a lowdown on what these schemes offer. Depending on the product you opt for, such schemes offer you services ranging from tracking your luggage if they are lost in transit to medical attention in an overseas location, all sorts of travel assistance and even attorney’s fees in case you get into a legal hassle.
There are also special tailor-made plans that offer more than the normal services like medical assistance. The premia for different travel insurance policies are mostly in the same range. It’s the suite of services that distinguish one policy from the other.
There are also corporate as well as leisure travel plans which offer services like full coverage for medical expenses (this is the core cover) and other non-medical benefits like baggage loss or delay, trip interruption or delay or cancellation, passport loss, financial emergency etc.
There are also schemes that cover travellers up to 85 years of age.While buying a travel insurance plan, there are a few points that you must keep.
Check the claim settlement records of the insurer. The last thing you want while you are travelling is any delay in get a timely claim payment. Additionally, you should also look into the claim processes followed by your insurer.
Make sure that you are aware of the network tieups that your insurer has in the international city that you are located in. This will make handling any emergency situation a lot easier than it would otherwise be.
In some countries where a partner/network tie-up is not present, some insurers directly coordinate with hospitals and other service providers to resolve a claimant’s query, request, and claim.
It is also advisable to find out about any toll-free contact number that your insurer might have at overseas locations. This number would create the ease of contacting them upon the occurrence of any unforeseen incidents.