You have planned your dream trip in detail, but wait, have you carefully checked your travel insurance policy?
Many travellers realise their mistakes when a crisis hits abroad, and face claim rejection or denial from insurers. Let’s explore the top mistakes you can avoid while purchasing your travel insurance. Ideal travel insurance will help you manage unexpected expenses, whether it is a business visit, a vacation, or if you are studying abroad.
What are the Top Mistakes You Should Avoid While Buying Travel Insurance?
- Buying Insurance at the Last Minute
The worst decision to avoid is purchasing travel insurance at the eleventh hour before your trip. This mistake highlights another problem of not comparing travel insurance plans based on coverage and premium amounts. You may not get a good insurance scheme.
Therefore, buy travel insurance in advance and receive smooth claim settlement for trip cancellation, loss of baggage and natural disasters.
- Ignoring Coverage Details
While choosing a travel insurance plan, we often overlook checking coverage details. Read coverage highlights of your travel insurance plan. Your travel insurance plan must cover trip interruption, cancellations due to natural disaster, illness or unforeseen events.
A travel insurance plan must ensure financial protection against medical evacuation and treatment expenses during your vacation.
- Buying Extremely High or Low Premium Insurance
Typically, the last-minute purchase of travel insurance leads to a decision for either an extremely high or low coverage limit plan without thorough research. Before purchasing travel insurance, assess your insurance coverage requirements to invest in a good plan.
For example, if you are planning a trip to an area prone to natural calamities, such as earthquakes, cyclones or floods, your policy must cover all of these.
- Hiding Health Information
You may think that hiding your pre-existing health condition can help you save on insurance premiums. But while purchasing travel insurance online, if you hide any pre-existing medical issue, you may face legal charges from your insurer. Even if your claim relates to a pre-existing health problem during an emergency, the insurance provider can reject it.
Therefore, disclose your pre-existing health history while applying for travel insurance to ensure uninterrupted coverage during your trip.
- Not Reading Terms and Conditions
Another mistake you must avoid is not reading the policy terms and conditions carefully. Due to a mistake, you cannot clarify for which incidents you can file a claim or not. Imagine, during your trip in India, you met with an accident and your driver was under the influence of drugs or alcohol.
The time when you claim for your medical expenses through the Bharat Bhraman policy, such as doctor fees, prescribed medicine bills or any vaccination to heal the injury, you may face claim rejection. This is because the condition you claim is not covered in your travel insurance policy.
What are the Types of Travel insurance Plans You Can Buy in India?
- Family Travel Plans
Family travel insurance provides financial protection for all family members under a single sum insured. It covers pre-existing conditions and offers cashless hospitalisation.
- Individual Travel Insurance
This plan is perfect for solo travellers, covering trip cancellations, medical emergencies, baggage loss, and unexpected travel-related risks.
- Student Travel Insurance
Travel insurance for students covers study interruptions, tuition fees, medical emergencies, and education-related expenses. Students travelling abroad can get coverage for travel delays, lost passports, and personal accidents.
- Travel Insurance for Senior Citizens
Senior citizen travel insurance provides coverage for age-related health problems, trip interruptions, and medical emergencies. This plan includes emergency medical evacuation, pre-existing conditions, and travel-related emergency assistance.
- Corporate Travel Insurance Policy
A corporate travel insurance policy is specially designed for businesses and employees. It protects work-related travel risks both abroad and in India. You can cover trip cancellation, medical emergencies, flight delay, loss of documents, and baggage loss with this plan.
Benefits of Buying a Travel Insurance Policy
- Travel insurance provides coverage for medical treatment, hospital stays, dental care, and surgeries.
- If your trip is cancelled due to a natural disaster, illness, or unforeseen reasons, travel insurance will reimburse the non-refundable cost.
- Travel insurance policy covers stolen, lost, or damaged checked-in baggage as well as personal items, like cameras and laptops.
- It covers additional costs if you miss your flight or experience travel delays, including meals, hotel stay, and transportation.
- You will receive a 24/7 emergency assistance helpline for lost documents, medical emergencies, or medical evacuation.
Final Statement
Travel insurance comes with lots of benefits and protects you against unexpected financial losses during your trip, but if you avoid some common mistakes. Before your next trip, compare and assess your coverage requirements to buy an international travel insurance or Bharat Bhraman policy. Experience a stress-free trip with the right coverage.