Globetrotting on an insurance cover

Jan 14 2013, 08:35 IST
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SummaryTravelling abroad on a holiday is something each one of us aspires for. Visiting exotic locations, experiencing the local culture and heritage

Travelling abroad on a holiday is something each one of us aspires for. Visiting exotic locations, experiencing the local culture and heritage, relishing local cuisines are things that we look forward to when on an international leisure trip. Not to forget the moments of fun with family or friends.

Even as we plan for the trip, unexpected events during the tour can potentially disrupt the fun or worst lead to an abrupt end to the itinerary. Availing of a travel insurance policy can help you mitigate the impact of several incidents that can disturb your holiday.

While most of us are aware about the availability of travel insurance policies, surprisingly many of us mistake this product to be offering cover only for flight delays, cancellations and lost baggage.

In reality, a travel insurance policy offers a much wider spectrum of coverage.

Medical emergencies 

In case of an emergency medical treatment, your travel insurance policy can reimburse the expenses incurred on the treatment. You can also avail of cashless facility at network hospitals. A noteworthy point here is that pre-existing diseases are also covered in case of emergency and life threatening situations. In addition, one is not required to undergo medical check up till the age of 85 years.

Medical Assistance

This part of the travel insurance policy can assist you in getting immediate medical help for transfer to a hospital in case of an accident when abroad.

Trip cancellation

Your policy can also compensate for any financial loss resulting due to cancellation or cutting short a trip abroad.

Accident cover

This feature provides insurance to the policyholder’s family, in case of his/her unfortunate demise or a permanent total or partial disability such as loss of a limb or loss of eyesight. In addition to the above covers, a travel insurance policy offers many other benefits that not only you but your wife, your parents or any other family member back home can avail of. Insurance firms, nowadays, offer value added services like medical concierge, automotive assistance, lifestyle services e.g. gifts or flower delivery assistance, home movers assistance, plumbing or electrical assistance.

While choosing the right travel insurance policy based on your needs is important, it is equally critical that you keep a few things handy so as not to face inconvenience at the time of claiming the cover after an unforeseen event.

While travelling abroad, you should ensure that you have the customer service numbers

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