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:
