Travel Insurance: What you should know before purchasing
Almost always, we conveniently forget about travel insurance when we are making travel plans. People frequently consider it to be a superfluous expense since they ask themselves, “What could possibly go wrong on a trip?” The truth is, there are a lot of things that can go wrong while you travel. That as well, with little forewarning. The list goes on: you might misplace your luggage, forget your passport, get your wallet stolen, become sick while travelling, etc.
It’s no longer recommended to ignore travel insurance. The correct coverage must be chosen, just like any other insurance product, and this takes time and research. Therefore, before choosing a specific coverage to cover your vacation, bear the following considerations in mind.
- Before settling on a policy, do some research.
Purchasing the insurance that your travel agency, tour operator, holiday company, or travel website is offering may be simple and hassle-free. Nevertheless, resist the urge. Search for alternative insurance companies and the offers they are making. This will allow you the opportunity to select a policy that is specifically designed to meet your needs—not just for your current trip, but possibly also for your future travels. Additionally, there is a higher likelihood that you will discover an insurance policy that is both affordable and offers superior coverage.
- Don’t wait to purchase travel insurance
Soon after making your travel plans, purchase your bajaj allianz travel insurance. This is owing to the fact that the majority of travel insurance policies include a cancellation cover that enables you to cancel the policy in the event that your trip is cancelled or you are unable to proceed with your travel plans for another unforeseen reason. However, the cancellation cover does have a number of additional clauses and conditions, so carefully study it before selecting the insurance.
- Before purchasing insurance, determine the level of protection you require
Always assess the kind or amount of coverage you need for the trip you’re taking before choosing a specific insurance. Choose the coverage in accordance with the length of your stay and the activities you have lined up. Let us say you are on a trip to Thailand with exciting but risky activities planned, such as hand gliding, bungee jumping, etc. you might choose travel insurance Thailand with greater coverage.
- Any pre-existing medical conditions must be disclosed.
Declare any pre-existing medical conditions to bajaj travel insurance before acquiring a coverage. There are two possible outcomes from this: either your premium will go up, or the insurance company will simply decline your request for the policy. If you don’t tell your insurer about your medical history but then file a claim for coverage due to a pre-existing condition, it’s quite likely that your claim won’t be accepted.
- Think of multi-trip policies and policies for families or couples
Do you travel overseas frequently or on several occasions per year? If so, you might benefit from purchasing a multi-trip travel insurance coverage. By choosing just one single trip policy instead of several, you might significantly save time and money. Additionally, it is more affordable to buy a family or group bajaj allianz travel insurance policy if you are travelling together as a pair.
- Look for comments both online and offline
Nobody can provide you with more useful input than a real user. Visit discussion boards on the internet where users have left reviews of the travel insurance policies they have purchased. Inquire of your family and friends about the travel insurance they chose or if they have any recommendations for policies.
The threat of the unknown is always present, no matter where we are. Travelling is something that is best appreciated without worry.
* Standard T&C Apply
** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.
# Visit the official website of IRDAI for further details.
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
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