Moneycontrol
Last Updated : Dec 11, 2013 03:30 PM IST | Source: Moneycontrol.com

Drawing up a holiday check list? Include travel insurance

Travel insurance is insurance cover for the risks a traveler might face during the trip. Also known as visitor insurance and overseas medical insurance, it covers everything a range of risks while traveling abroad ranging from medical expenses and personal accident to trip delays, trip cancellation, baggage loss or loss of passport.


Yashish Dahiya
Policybazaar.com


Come December we all start planning our winter and New Year’s vacation with our kids and loved ones. We are very careful while booking our tickets comparing ticket prices, hotel options & tariff and Visa. But what about the all important travel insurance?


Travel insurance is insurance cover for the risks a traveler might face during the trip. Also known as visitor insurance and overseas medical insurance, it covers everything a range of risks while traveling abroad ranging from medical expenses and personal accident to trip delays, trip cancellation, baggage loss or loss of passport.

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Travel insurance can be highly customized. There are many companies that offer several additional features in their travel insurance policies including provision for hijack, golfer hole-in-one, home insurance, trip curtailment as well as auto extension of the policy. Such features not only account for your safety, security of your belongings while you travel but also for your triumphs abroad.


There are various types of travel insurance, such as student travelers, for senior citizens and for a regular leisure or a business trip. The coverage’s in most of them are almost the same, but each of them also has their unique identifications.


Travel insurance policies are further available for a single trip or multiple trips. For single trip travel insurance policies, the cover commences from the moment you board flight for abroad trip and ends on your return back to India. The cover is available for up to 180 days. In multi trip insurance policies, the cover is available for a period of 365 days. The maximum duration of each trip should not exceed 45 days and the total number of days spent abroad should not exceed 180 days. Most of the insurance firms have custom made plans for frequent flyers.


Before they go for travel insurance, it is important to keep these some points in mind. Firstly, most pre-existing disease are excluded from the cover. So if one has any pre-existing disease before travelling, make sure to check with the insurer about any provisions about the same. Secondly, if a treatment can be reasonably delayed until the insured’s return to India, then, the cost of getting it treated abroad won’t be covered. The decision of whether the illness required immediate attention will be jointly taken by the physicians and qualified personnel, as the case may be.


Normally, one is not required to go for medical tests, but some insurance companies might look at the medical history of the person and name a few tests to be done.


While it is mandatory to have travel insurance for most countries abroad, its importance cannot be stressed enough to enjoy a hassle free trip.

The author is a CEO and co-founder, www.policybazaar.com.

First Published on Dec 11, 2013 03:30 pm
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