Travel in­sur­ance for as­sur­ance

Get­ting a travel in­sur­ance pol­icy be­fore an in­ter­na­tional trip is more of a ne­ces­sity than an op­tion now and it is the re­spon­si­bil­ity of travel con­sul­tants to in­form their clients about the ben­e­fits of get­ting one.

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Check­ing the best op­tions for flights, visa ap­pli­ca­tions, ho­tels, and sight­see­ing tours to en­sure your client’s hol­i­day is en­joy­able isn’t enough. If you have not fac­tored travel in­sur­ance on that check­list, you might want to add it now. If your clients still be­lieve that their do­mes­tic medi­claim pol­icy cov­ers them out­side In­dia, they are wrong.

In or­der to com­pare dif­fer­ent plans, fac­tors such as the cover op­tions, pre­mium amount, med­i­cal cover, and up­per age limit should be given prior con­sid­er­a­tion. The pre­mium for an in­sur­ance plan de­pends on the lo­ca­tion, the travel pe­riod, age of the trav­eler and the level of cov­er­age cho­sen. Know what is cov­ered

Many in­sur­ance com­pa­nies also pro­vide exclusive cov­ers which of­fer spe­cialised pro­tec­tion to cus­tomers. Bag­gage loss and bag­gage de­lay are the most com­mon prob­lems en­coun­tered while fly­ing, which travel in­sur­ance cov­ers. How­ever, one should note that cov­er­age is of­fered only when it is in the cus­tody of the com­mon car­rier, which in most cases is the air­line. One must keep in mind that it will cover only checked-in bag­gage and de­lay in re­ceiv­ing bag­gage out­side In­dian bound­aries. This means that if there is a de­lay in re­ceiv­ing bag­gage in In­dia, the pol­icy won’t re­spond.

Travel in­sur­ance poli­cies also have fea­tures which cover in­con­ve­nience caused due to trip de­lay, trip can­cel­la­tion, missed con­nec­tions and loss of pass­port. The pos­si­bil­ity of per­sonal li­a­bil­ity is also cov­ered which may lead to lit­i­ga­tion in the for­eign coun­try. In­sur­ance com­pa­nies also pro­vide cover if the unat­tended house in In­dia is bur­gled, while the pol­i­cy­holder is abroad. This is cov­ered un­der the ‘Home Bur­glary’ ben­e­fit.

Al­ways re­mem­ber to rec­om­mend a pol­icy from a re­spected in­sur­ance brand which has in­ter­na­tional pres­ence and a strong track record. One should also take into ac­count the claim set­tle­ment record of the in­surer. So if you want your clients to have a care­free, en­joy­able and me­morable trip abroad, en­sure they fit travel in­sur­ance in their plan. Did you know?

If trav­ellers are in the age bracket of 6 months to 70 years, they are el­i­gi­ble to pur­chase travel in­sur­ance. Peo­ple above 70 years can still pur­chase travel in­sur­ance but would have lim­ited cover. The du­ra­tion of travel in­sur­ance poli­cies are up to a max­i­mum of 180 days per trip. Pre­mium is de­ter­mined by the amount of Med­i­cal Ex­penses Sum In­sured and it varies from $50,000 to $100,000. Pre-ex­ist­ing ail­ments are nor­mally ex­cluded in travel in­sur­ance and the pre­mium is cal­cu­lated ba­sis coun­try of travel, age group and trip band. Fur­ther, both out­pa­tient and in­pa­tient treat­ments are cov­ered un­der travel in­sur­ance whilst the In­sured is abroad. In­sured may ap­ply for re­im­burse­ment of ex­penses when they re­turn to In­dia in case of out­pa­tient claims. Stu­dents can avail of a spe­cialised cover which is in com­pli­ance with in­sti­tutes abroad and it can be opted for a pe­riod of one year. A stu­dent cover also in­cludes men­tal and ner­vous disor­ders, re­ha­bil­i­ta­tion for drug and al­co­holic ad­dic­tion, spon­sor pro­tec­tion, study in­ter­rup­tion and com­pas­sion­ate visit. Stu­dents would do well to check whether the pol­icy they in­tend to buy is recog­nised by their in­sti­tute.

M. Ravichan­dran Pres­i­dent TATA AIG Gen­eral In­sur­ance Co. Ltd.

( The views ex­pressed are solely of the au­thor. The pub­li­ca­tion may or may not sub­scribe to the same.)

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