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The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.
© Copyright 2010

Why Travel Insurance Is A Must?

Posted on May 12, 2009 12:05 by MKJ

 

Recently one of my friends was going for Australia and I had a look at his checklist before he left. It included designer clothes, camera, gifts, hotel bookings, tickets, visa and foreign currency and etc.

But he forgot a crucial element -- insurance. And after a week, I got a mail from him that he had been hospitalized and had to pay all quite few dollars. Here, my friend is not alone in making this kind of mistake. By a recent survey, it has been found that there are around 6 to 6.5 million trips made abroad in a year. But, out of every 10 travel bookings, only two or three passengers opt for travel insurance. [BUY NOW]

Do You Need To Get Insured?

Recently, one private travel insurance company claimed they had 5,000 claims last year. Doesn’t it indicate that, at times, things can go wrong? My friend got the right hand example. [BUY NOW]

How Much You Have To Invest?

Yes it takes some. But, if you are counting your dollars, you don’t need to worry. You have to pay the premium in rupees. But your reimbursement will be done in the currency of the country/ countries you will be travelling to.

If you fall sick, the insurance company will cover the entire hospital treatment up to the amount insured. In fact, the moment you get admitted to the hospital, you can call the contact number provided and give the policy number to the hospital. The insurance company will make the payment directly.

Note: Insurance company only cover the person took the policy. So, to get cover for the entire family you need to buy insurance for each family member. [BUY NOW]

What Will Be Covered?

Travel insurance covers hospitalization and expenses due to sickness or an accident. It covers emergency dental treatment. If in the middle of your journey, you lose your passport, you will have to get a duplicate passport issued abroad and pay for it in the currency of the country you are in. These expenses, if covered by your insurance, will be taken care of by the insurance company.

It also covers if you loss your baggage or you are stuck with no clothes. If there is a flight delay or cancellation and you are held back till the next flight, you will be given a fixed allowance. In addition, while you are on holiday and your home in India was burgled, some policies also give a home insurance. [BUY NOW]

How Much Will This Cost You?

Review the policies in details and find out what is most suitable for your need. Remember, most of the policies are always offered based on geographical location. A basic policy for 30 days or less will cost you between Rs 850 - Rs 950 on an average but will give you a cover of $50,000. This is a one-time payment and is calculated on the assumption that you are less than 40 years of age.

The basic package will differ depending on which insurance company you opt for. Some companies may cover the reimbursement of illness and accident expenses and hospital costs and some company may include lost passport expenses and flight delays too. [BUY NOW]

Where can I buy it?

InsuranceMall, India’s leading and first online insurance broker, always there to help you with best possible policy. So, visit InsuranceMall , reviews all the top insurance company and ask for your free quote NOW! If you would like to know more about travel insurance, feel free to contact us today at analysis@insurancemall.in [BUY NOW]

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