5 Benefits of Purchasing a Travel Insurance Policy in Advance


Travel insurance policies are so important that certain countries have made it mandatory. Apart from providing a comprehensive cover against medical costs, a travel policy has several advantages. It is advised to always buy the policy well in advance. Here are some reasons why.

1. Coverage against trip cancellations

Regardless of meticulous planning, unforeseen situations like medical emergencies can lead to cancellation of the trip. A travel insurance policy will pay for such cancellations which save you from losing all the money spent on booking tickets in advance.

2. Coverage again stillness which occurs after buying the policy 

If you buy the policy and thereafter face an illness which becomes chronic and needs hospitalization, then such illnesses will get covered by the policy.

3. Modify coverage as needed 

After buying the policy, if you feel that a particular add-on will be suitable for enhancing the coverage, then you can do so by paying an additional premium.

4. Circumvent the possibility of not purchasing the cover altogether 

If you keep postponing to buy the coverage, you might forget to do so as the date draws closer. Buying a policy in advance can eliminate this situation.

5. Select from a myriad of choices 

There are many insurance providers in the market. So you are not short on choices. Choose a reputable travel insurance policy which offers serval features such as Bajaj Finserv.

Try to search for the right provider and book for the travel policy in advance as soon as you finish booking your air tickets. The earlier, the better. 

Comments

Post a Comment

Popular posts from this blog

Is Top-Up On Health Insurance Plan For You?

Image
Life is an unpredictable gamble. No one actually knows what’s going to happen in the next few hours leave alone the future. With rising inflation, it is becoming even more important to secure the future with an adequate health cover. Or, opt for a top up health insurance plan which stretches your cover and extends your threshold limit. This health top up cover can be booked for both corporate group policies and independent mediclaim policies.  How it works? Top up health plans follow a cost-sharing model and are functional in situations where the policyholder has to bear the cost of treatment which is more the deductible limit of their assured limit. When the limit of the insured person’s medical expenses reaches their cover limit the insurer can stop considering the additional treatment costs and this is the time when the top up plan comes into play. It takes care of the medical expenses which cross over the threshold limit of the existing plan. These top up plans offer complete ...
Read more

Must Know Facts About Third Party Insurance

Image
According to the Motor Vehicles Act of 1988, every vehicle plying on Indian roads must have a valid third party insurance. It has a number of benefits as it covers the legal and financial liabilities apart from providing personal accident cover up till the prescribed limit of the policy. To avail an insurance, you can visit the insurer or purchase the third party insurance online which will also help save a lot of money.  What is a Third Party Insurance? It is an insurance policy which kicks in in case of any unfortunate event wherein the insurer pays you for the legal and financial liabilities incurred due to the damages caused by your vehicle to a third party. What this entails is that if your car were to get involved in an accident with another vehicle and you are the one at fault, then any liabilities which you have to pay to the driver of the other car will be borne by your insurance company and paid on your behalf. Inclusions of Third Party Insurance If your car is insured un...
Read more

Critical Insurance: Things You Must Know About

Image
Critical insurance plan is one of the few types of health insurance plan available in India. The insurance provides coverage for medical treatment of critical ailments such as cancer, kidney failure, paralysis, a stroke and the like. This becomes absolutely essential for senior citizens above 70 years of age. Why is it necessary? A critical ailment can strike at any time, especially in case of elderlies. And as costs of medical treatments continue to increase, it becomes more important to devise ways to cope up with expenses of a critical illness diagnosis. Thus, a critical illness plan , which covers highly expensive medical problems such as the ones mentioned above, becomes absolutely essential. How to choose the best insurance plan? 1. Maximum coverage available:  First and foremost, check the coverage available. The medical inflation rate is likely to increase in the next couple of years and thus, your critical illness insurance cover should be in accordance. To be on the safe ...
Read more