A travel insurance policy is possibly the
best way to protect you against medical costs through illness or injury,
against theft or loss of possessions and other accidents that may occur
during your domestic/international / travels. Attractive plans for student
travel are also available.
Trip Interruption Insurance:
Covers you during your
trip. If an injury, illness or other event prevents you from continuing a
trip you've started, trip interruption coverage will reimburse you for
expenses you incur because of it. Some policies also reimburse you for any
unused prepaid expenses.
Trip Cancellation Insurance:
There are three major
types of trip-cancellation insurance: one, in the event that you pre-pay a
cruise or tour that gets cancelled, and you can't get your money back; a
second when you or someone in your family gets sick or dies, and you can't
travel (but beware that you may not be covered for a pre-existing
condition); and a third, when bad weather makes travel impossible.
Trip cancellation insurance covers you for the period of time before you
travel
Lost-Luggage Insurance:
In this , insurance company
pays you money for the baggage lost during travelling. You will only be
reimbursed for what you lost, no more.
Calculation of Travel Insurance Amount/Premium:
The
amount of premium to be paid for travel insurance cover depends on a number
of factors like, the numbers of days of travel, whether travelling in
domestic country or overseas, if the insured is an individual or has taken a
family plan. A higher amount will ensure a higher coverage.
Travel Insurance Claim Procedure:
The insured must
submit the duly filled claim forms along with the original ticket or
boarding pass or copy of the passport showing the travel dates and original
bills / vouchers. Companies take 7-21 days for processing the claims.
Documents Required for Travel Insurance Claim:
- Duly completed and signed claim form
- Policy copy
- Air ticket jacket / boarding pass
List of Some of Insurance Companies Offering Travel
Insurance:
