Why Buy Travel Insurance Online India
A vacation relates to fun, adventure, entertainment, and unwinding the senses, and therefore you turn a blind eye to the plausible mishaps that may occur like a medical emergency or an accident. Thus, we usually forget purchasing a travel insurance policy unless it is mandatory. Although you don’t make a claim each time you go on a vacation, yet it is foolish to travel to the foreign shores, without a policy that cushions you financially in case of an emergency.
Medical costs are high overseas. Even a simple doctor consultation can burn a deep hole in your pocket. but you must Compare & Buy Insurance Online the benefits against the same to get the complete picture. A travel insurance plan offers cashless hospitalization, covers medical bills, and the evacuation cost. But that’s not all; it insures you against loss of checked-in baggage or passport, trip cancellation/interruption and personal liabilities. In a financial emergency, it pays for the legal support. Thus, by spending a few thousand rupees, you protect yourself against financial disaster arising out from an unanticipated event.
Here’s what you should consider before buying the best deal on your travel insurance.
Understand your Destination
Your travel destination plays an important role in determining the size of the insurance cover and the premium. Medical cover is a significant feature of this policy and therefore you must evaluate the expense of availing medical services in the country you are travelling to. For instance, medical services are costlier in the U.S.A. and Canada than other parts of the world. Similarly, travelling to Japan is riskier due to the history of natural disasters. For all these countries, the insurer would provide you a higher coverage, and thus you will therefore have to shell out more money for the premiums.
Duration of the Travel Insurance Cover
Longer duration of stay on the foreign shores indicates a higher premium. Furthermore, insuring for a single-trip is costlier than an annual multi-trip plan. For example, a travel insurance worth sum insured of $100,000 for a 30-year old will usually cost Rs. 800, however, if the trip is extended by another week, the cost will increase to Rs. 1000.
On the contrary, if you are a frequent flyer, opting for an annual multi-trip policy is a wiser decision, if you intend to save money. This option stays valid for a year and usually cover multiple trips overseas, with a maximum duration of 30–45 days for each trip.
Activities on the Trip
Will you engage in sightseeing, sleep and eat, or you travel to ski, hike, or enjoy water sports? If you opt for the adventure zone, then be ready to shell out more in premium, because you will receive a higher sum insured to protect you against medical emergencies.
Therefore, do not make a hasty purchase decision with your ticket fare, but buy travel insurance online India, with a calculated approach, from a reliable and premium comparison portal like MyInsuarnceBaazar- it allows you to purchase a cover that offer greater benefits and is cheaper.