If you travel abroad, a Travel Insurance is a must. Travel Insurance provides you emergency medical and travel assistance and protects you from financial losses while traveling abroad, which comprise of Medical Insurance coverage, Personal Accident coverage, Loss and Delay of checked baggage, passport etc. cover etc   

1. Always buy from an Online Insurance Broker like InsuranceMall.

Don’t buy directly from Insurance Companies, as any when you have a change in plan, you want a clarification, you want to cancel your policy, you want to change your dates you would have to go through huge “firewalls” and “customer support executives” several times – which will keep you on tenterhooks.

Insurance Brokers would provide you with choice and correct recommendations as they deal with all companies and products. Ask for a comparison. Check www.InsuranceMall.in for the same.

 

1. Buying from Insurance Companies

There are reliable companies with proven track records and there are other companies. You should check with your brokers and experienced friends, relatives about the claims experience and response behavior on a regular basis

Buying Travel Insurance from US Insurance Companies helps, as most of the companies are rated well by A.M. Best Company. Leading Insurance products from USA are available at the following link: InsuranceMall USA

 

1. Check Sub Limits

There are some policies which have sub-limits when claiming, say per sickness or per injury limit of $12500. So even if you are taking a policy of $200000 and you have a claim, the max you can claim for the event is limited to $12500.

Of course, Policies with sub-limits are usually cheaper, but then you pay less for a less coverage.

 

1. Check Toll Free nos.

Check whether the Insurance Company has a toll free no. in the country you are visiting, or if they have an international toll free no.

In the time of emergency hospitalization, this could be very important, especially if you are going to stay alone.

 

1. Zero Deductible Plans

Check if the Insurance Company provides Zero Deductible Plans. There are plans available where there is no deductible.

A deductible is an amount which is deducted from any claim that is made, usually this is $100.

So if you are sick and visit a doctor and spend less than $100 it is not claimable.

 

By checking on the difference of premium between $100 and $0 deductible, you can make a cost benefit analysis, before taking a final call. In most cases the cost is about 15% higher.

 

1. Check for Annual Multi Trip Plan – if you travel frequently

If you are fairly frequent traveler [travel more than 5 times in a year] then you can take an Annual Multi Trip Plan. An Annual Multi Trip plan allows you to travel throughout the year with an annual policy provided you stay abroad is less than a specified no. of days – say 45 days. The cost comparison will show that an annual policy is cheaper with more coverage and lesser hassle of buying a policy every time you travel. Note the maximum no. of days you can use the policy is 180 days.

 

1. Check for Region Specific Plans

If you are traveling to Asian countries excluding Japan there are specific low cost plans for these countries.

If you are traveling to USA, then you should buy plans from US Insurance Companies through InsuranceMall USA. These will provide you cashless hospitalization, doctor fees, prescription drugs etc.

Also, you will get cashless cards from the website – before you even travel from India.

 

1. Do more research for Senior Citizen Travel Insurance

Indian Plans are designed against Senior Citizens, with lot of sub limits on claims, medical test requirements and very high costs. Try quotes at InsuranceMall USA this will provide you insurance plans without medical tests for your parents even if they are 99 years old at cheaper rates.

Also check http://www.ehow.com/how_4471007_citizen-travel-insurance-parents-india.html

 

 

1. Always buy from an Online Insurance Broker like InsuranceMall.

Don’t buy directly from Insurance Companies, as any when you have a change in plan, you want a clarification, you want to cancel your policy, you want to change your dates you would have to go through huge “firewalls” and “customer support executives” several times – which will keep you on tenterhooks.

Insurance Brokers would provide you with choice and correct recommendations as they deal with all companies and products. Ask for a comparison. Check www.InsuranceMall.in for the same.

 

1. Buying from Insurance Companies

There are reliable companies with proven track records and there are other companies. You should check with your brokers and experienced friends, relatives about the claims experience and response behavior on a regular basis

Buying Travel Insurance from US Insurance Companies helps, as most of the companies are rated well by A.M. Best Company. Leading Insurance products from USA are available at the following link: InsuranceMall USA

 

1. Check Sub Limits

There are some policies which have sub-limits when claiming, say per sickness or per injury limit of $12500. So even if you are taking a policy of $200000 and you have a claim, the max you can claim for the event is limited to $12500.

Of course, Policies with sub-limits are usually cheaper, but then you pay less for a less coverage.

 

1. Check Toll Free nos.

Check whether the Insurance Company has a toll free no. in the country you are visiting, or if they have an international toll free no.

In the time of emergency hospitalization, this could be very important, especially if you are going to stay alone.

 

1. Zero Deductible Plans

Check if the Insurance Company provides Zero Deductible Plans. There are plans available where there is no deductible.

A deductible is an amount which is deducted from any claim that is made, usually this is $100.

So if you are sick and visit a doctor and spend less than $100 it is not claimable.

 

By checking on the difference of premium between $100 and $0 deductible, you can make a cost benefit analysis, before taking a final call. In most cases the cost is about 15% higher.

 

1. Check for Annual Multi Trip Plan – if you travel frequently

If you are fairly frequent traveler [travel more than 5 times in a year] then you can take an Annual Multi Trip Plan. An Annual Multi Trip plan allows you to travel throughout the year with an annual policy provided you stay abroad is less than a specified no. of days – say 45 days. The cost comparison will show that an annual policy is cheaper with more coverage and lesser hassle of buying a policy every time you travel. Note the maximum no. of days you can use the policy is 180 days.

 

1. Check for Region Specific Plans

If you are traveling to Asian countries excluding Japan there are specific low cost plans for these countries.

If you are traveling to USA, then you should buy plans from US Insurance Companies through InsuranceMall USA. These will provide you cashless hospitalization, doctor fees, prescription drugs etc.

Also, you will get cashless cards from the website – before you even travel from India.

 

1. Do more research for Senior Citizen Travel Insurance

Indian Plans are designed against Senior Citizens, with lot of sub limits on claims, medical test requirements and very high costs. Try quotes at InsuranceMall USA this will provide you insurance plans without medical tests for your parents even if they are 99 years old at cheaper rates.