Travel Insurance – Definition, Why Travel Insurance Is Necessary, Full Details

Travel insurance provides coverage against things that are likely to spoil your trip. It covers your medical expenses, baggage loss, and other journey-related risks so that you can enjoy your trip hassle-free. A travel insurance policy is a popular choice among people traveling on vacations, business trips, or for studies. Travel insurance will essentially secure you and provide coverage under the following circumstances:

Travel Insurance - Definition, Why Travel Insurance Is Necessary, Full Details
  • Medical Expenses
  • Loss of Baggage
  • Flight Delays
  • Delay in baggage arrival
  • Emergency dental expenses
  • Emergency financial assistance

What You Should Keep In Mind Before Buying a Travel Insurance plan :

The duration of your trip

The longer your trip, the higher the insurance premium will be, since the risk involved in longer stays abroad is higher.

Travel Insurance - Definition, Why Travel Insurance Is Necessary, Full Details

The destination of your trip

If you’re traveling to a country that is safer or economically more stable, the insurance premium will likely be lower.

The amount of coverage you need

Higher the sum insured higher will be your travel insurance premium.

Your renewal or extension options

You can extend or renew your travel insurance whenever it’s about to expire. Refer policy document for more details.

The age of the traveler (s)

Typically, older travelers may be charged a higher premium. This is because the probability of medical emergencies occurring increases with age.

How to Select Travel Insurance borderline

Traveling, either for work, leisure should be hassle-free, without having to worry about your luggage, your health issues, or an unforeseen event that could happen when you are out. Travel insurance is the best way to travel worry-free. What does it mean? It is a type of insurance that offers protection to your belongings and you when you are traveling. This insurance offers cover for a particular period of travel. However, some insurance companies may perhaps offer diverse combinations of protection that cater to the customer’s needs such as a special policy for frequent Business Travellers. To understand it better you would need to read the documents and the details mentioned on the policy before you decide on the right kind of travel insurance.

Need for travel insurance
You would need to buy travel insurance so that you can cover any unfortunate accident, illness or sickness, unexpected emergencies, loss of travel documents like your passport, visa, etc, or even loss of baggage. Sometimes you could even face a disruption in travel due to interruption in flight departures or arrivals.

Inclusions you should look for in travel insurance:
There are many policies offered by travel insurers with different benefits. However most of the policies usually cover medical expenses with cashless facilities or without, any personal accident while you are away; losing your baggage or passport, delay in travel due to any reason such as flight delay, transporting a dead body, and more.

Most travel insurances do not include:
The insurer may provide insurance for the reasons mentioned above but there are some instances in which travel insurance does not cover existing diseases, risks of war, committing suicide or mental illness, indulging in high risks sports, or adventurous activities.

The premium rates offered for travel insurances are quite low in comparison to other insurance policies. The sum assured may be different depending upon the kind of cover you have taken. There are different types of policies available but the most distinct difference in domestic and international travel insurance. Some policies are available for a single travel trip and some offer multi-travel options during a specified time. You can buy these policies before traveling to your destination. It covers you for different instances right from leaving your home to reaching the destination and back home. You need to be aware of all the rules that govern the policy and also how you can inform the insurer in case of any untoward accident that could happen. If you are traveling abroad then make a note of the numbers you can call to make sure you can access your travel insurance benefits without any hassles.

Make sure you buy your insurance from a legitimate source or visit the website of any general insurance company that offers travel insurance online. It’s easy and simple to get a policy that you may want online.

Travel Insurance Guard for Overseas Travel

To ensure that you travel stress-free, we have specially designed an Overseas Travel Insurance Policy that ensures you receive medical assistance wherever you are! The Travel Guard Insurance has three plans you can choose from depending on your requirement and will be valid 24 hours a day, 365 days a year! In addition, this international travel insurance policy has no age limits and requires no medical certification either. As an added benefit, Axis Bank has also tied up with AIG assist to ensure you receive emergency assistance, medical evacuation, repatriation across the globe!

Student Travel Insurance

Accident Sickness Cover
Accident & Sickness Reimbursement limits of $50,000, $100,000 and $250,000

Personnel Protection
Unique Global Security Service by Red24 providing advice on personal risks across all plans

Other Benefits
Relocation Support Program for the 365 day

Asia Guard Travel Insurance

Accident Sickness Cover
Reimbursement of medical expenses due to accident and sickness.

Personnel Protection
Emergency Medical Evacuation and Repatriation.

Other Benefits
24-hours personal accident covers up to the US $15,000.

How to use Travel Insurance when you lose passport abroad border line

A frequent traveler who visits international destinations for personal or professional purposes knows the importance of a passport. A passport is not just a travel document. It is the highest form of identity proof that you are a citizen of a particular country. It is an essential document you need for traveling abroad.

Like any other document or precious material thing, there is a possibility that you may lose a passport. It can cause a lot of hassles, use of precious time, and valuable money to get back home safely. Thus, overseas travel insurance that covers the loss of a passport becomes essential.
Suppose you are on a business trip to a foreign country and lose your passport. There’s nothing more nightmarish than being stuck in a foreign country. In this blog, we have laid down essential steps that you can follow to reach back home safely. It also provides helpful travel tips and the importance of taking international travel insurance.

Register a Police complaint

When you understand that you have lost your passport, visit the police station. The first step is to register a police complaint explaining in detail the passport theft.
Remember, the report is essential for claiming the travel insurance cover as well.

Reach the Indian Embassy

Once you get the report from the police station, your next stop should be the Indian embassy.
Search for the Indian missions in the foreign country and make contact immediately. You can check the office location and contact numbers online. Explain to them the situation. The authorities are always ready to assist the citizens.

Apply for a duplicate passport or emergency certificate

There are two viable solutions to travel back home safely. Either you can apply for a duplicate passport or get an emergency certificate.
It takes one week to process and issue a duplicate or new passport. It takes time because the passport gets printed in India. The Indian embassy will help you throughout the process.
The second option of an emergency certificate is available if you are in a hurry. It’s a one-time document issued for people who lose a passport.

Get lost visa

Along with the new passport, you must get back the lost visa from the respective embassy of the foreign country. To achieve this objective, visit the embassy. It usually takes 2-4 days to issue a new visa.
But, if you have your flight scheduled before you get the passport or certificate, contact the airline officials and notify them of your situation. Try if rescheduling your flight is possible. Do it as early as possible, without wasting time.
If you have international travel insurance, it can save a lot of money even when you lose your passport. Travel insurance provides compensation for reasonable expenses incurred for obtaining a duplicate passport overseas. Therefore, if you have opted for a travel insurance cover, know how to claim it.

Claim your insurance cover for the passport loss

-Copy of the report received from the police station
-Receipt of all the expenditures for acquiring a new passport
-NEFT form and Pre-printed canceled cheque

Note:- The required documents may differ from one insurer to another.

Travel Tip & Passport Safety

-Now that you know the importance of a passport and how losing it can cause difficulty, follow these travel trips and passport safety:-
-Always take photocopies of the passport, visas, and other relevant documents. You can scan them and store them online. These documents will help you in getting a new passport quickly. The travel insurance claim gets easy, as well.
-Keep the photocopies separately in your bag and luggage.
-While staying in the hotel, keep the passport in a safe lock or at places that can be accessed by you alone.
Future Generali is one of the global players with 125+ branches across India, offering comprehensive insurance solutions to customers with its product offerings. International travel insurance offers global service with complete protection. It also has worldwide emergency/medical assistance.

Why International Travel Insurance is a Must For An Overseas trip border line

International travel insurance
In this hectic and stressful life, one often needs a break. The best way of taking a break is to plan a vacation with the family. Going abroad is one of the best things which you can do as it is very relaxing and you get a nice break from your hectic life. But before going abroad you must make sure that you are going there with security. Security in this term means insurance. Traveling abroad also has certain uncertainties which one must keep in mind. Overseas travel insurance is thus mandatory before you travel.

Why get travel insurance?

Before setting off on an adventure, you must also have a look at the risks, which are involved while traveling as only then you can be prepared for your trip. Here are some of the problems which can be faced while traveling abroad.

Medical Emergencies

This is one of the most common problems faced while traveling abroad. One may fall sick or come across any medical emergencies. The weather and the climate of the new country can be a problem for the body and hence one may fall sick. The cost of medical treatments is very high abroad as a result of currency differences. Hence one must take into consideration this aspect while traveling abroad.

Loss of Luggage

There have been cases where people have lost their luggage in transit. There have also been instances where the luggage has been stolen or damaged due to some reason. Missing luggage is a grave problem in a foreign country as that is all you have. Overseas treval insurance is of great help in such cases.

Flight Delays
Flight delays are a prevalent problem, which is faced by many people. As a result of this, you may have to return in emergencies. If the flight is missed due to some reason you must also have to pay for the flight ticket all over again. This can put a big hole in your pocket.
Now that we have seen the problems faced by travelers it is time to see what one can do about these problems. The only solution to all these problems is international travel insurance.

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How Travel Insurance Can Be Your Savior?

Medical Assistance
Medical assistance is provided 24*7 when you have traval insurance.

Hospital Costs
If you come across certain injuries and need to be hospitalized, the hospital costs are also covered by the international travel insurance when you are abroad.

Travel Expenses and Accommodation
If you fall ill and are not able to get home, the unplanned travel additional costs will be taken care of by the travel insurance company.

Family Emergency
The travel insurance also works in the case of family emergencies where a relative or the person you are traveling with has certain problems or needs to be hospitalized.
Thus now we understand how important it is to have traval insurance. There are many types of overseas traval insurance in India. Future Generali offers some of the best travel insurance. To get to know more about them get in touch with us. Leave your number here and get a call from us.

5 smart questions to ask before buying Travel Insurance online border line

International travel insurance
Taking a much-needed vacation is a must to rewind, relax and satiate your wanderlust. But traveling to a foreign country isn’t always fun and safe. Baggage can get misplaced by a lax airline, passports can be lost and a sudden illness can set back your bungee jumping plans. 51% of misplaced baggage occurs during transfers – when you switch planes but your suitcase doesn’t.

This is why buying travel insurance is extremely crucial before taking that trip to Hawaii. It’s also very easy to buy travel insurance online. However, before taking out your checkbook to pay an insurance company, you should ask them some of these pertinent questions listed below:

What Is the Maximum Payable Amount?

Disasters, inconveniences, and mishaps have a habit of creeping up on people when they least expect it. To prepare yourself for these inconveniences and accidents, it is a good idea to ensure that your chosen travel insurance policy has a maximum amount payable that can cover all unforeseen setbacks.

•Does Your Chosen Travel Insurance Policy Cover Medical Costs?

Illness, much like lightning, can strike at any time. You could be roaming the streets of Paris and catch a cold or get a bad stomach infection from eating at a not-so-great restaurant in South East Asia. Not to sound too morbid, but the point is that the best travel insurance policy should cover all medical expenses related to emergencies, hospitalization, and accidents.
It’s always good to have a travel insurance policy that can double up as medical insurance in case of emergencies.

Will The Policy Provide Coverage in All Countries?

If you are planning to travel to several countries during your trip – such as on a world tour – it is advisable to purchase travel insurance that provides coverage in all your destinations. There are different types of policies that provide different coverage and in different countries. Some policies may provide coverage in all European countries and others might provide worldwide coverage. Select a policy that best suits your travel plans.

Will The Policy Provide Coverage in All Countries?

If you are planning to travel to several countries during your trip – such as on a world tour – it is advisable to purchase travel insurance that provides coverage in all your destinations. There are different types of policies that provide different coverage and in different countries. Some policies may provide coverage in all European countries and others might provide worldwide coverage. Select a policy that best suits your travel plans.

Is Travel Insurance Mandatory in the Country I’m Visiting?

Travel insurance may not be required in India but it is compulsory in certain countries such as Austria, Greece, Portugal, Spain, France, Germany, Belgium, Luxemburg, and the Netherlands. Always check the travel requirements of the visiting country while planning your trip.

What’s Not Covered?

While it’s important to know what’s covered in your policy, it’s equally (if not more) important to know what isn’t covered. For example, even the best travel insurance policy might not cover your expenses in war-like scenarios or injuries resulting from participating in adventure sports or being in a terrorist attack. Conducting meticulous research on various insurance policies before the purchase can help you get the coverage you need.
Besides insurance, there is a range of general insurance products available online such as automobile insurance, home insurance, and international student insurance.

NOTE:- All the details in this article are collected from the internet, we do not claim the surety of the above contents.

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