Skip to main content

Overseas Travel Insurance


Overseas travel insurance can provide that comfort and remove worries from your travel kit.

Why Travel Insurance:

Travel insurance covers expenses due to unexpected medical emergencies while abroad as well as non-medical contingencies like loss of passport or checked baggage, trip delay/trip cancellation/trip curtailment and many more. Travel insurance is also available for students who pursue studies abroad and is often a long-term cover customised to their special needs to ensure insurance protection throughout their term.


   The cost or the premium is a small fraction of the total travel-related expenditure. While in some European countries, especially for Schengen visa, it is mandatory to have travel insurance for granting of visa, there are some who do not insist on such insurance. But don't forget that apart from visa purpose/formalities, travel insurance is also useful in unexpected medical emergencies and non-medical contingencies.

How To Choose Travel Insurance:

A rule of thumb is that the insurer should be a registered insurance company with a good brand name and track record like claim-settlement record, claims' process, toll-free facilities in overseas location, promised covers included in the policy schedule and the network of tie ups with the facilitators abroad for handling any emergency.


   Also, choose travel insurance as per your need like a family floater if you are travelling with your family, a frequent multi-trip policy if you travel frequently or a senior citizen plan if you are a senior citizen. Country-specific travel plan like Travel Asia from Bajaj Allianz is also available so that you need not pay higher premium as applicable for the US or the UK.

Benefits Of Travel Insurance:

Benefits of travel insurance depend on the type of emergency you encounter.


   Travel-related hazards are increasing day by day. More and more people are flying overseas for business, office exigencies, shopping, sightseeing, adventure or vacations. However, the fact is that you are in an unfamiliar territory and without your near and dear ones to take care of you in case of some emergency.

 
   In case you need urgent medical help, then you should get prompt and the best possible medical attention. The apprehension of expensive medical treatment with limited forex in your pocket weighs heavy on your mind besides the concern that you are in an unfamiliar territory.

Buying Travel Insurance:

Buying a travel insurance product is as easy as buying your travel ticket. Most of the insurers have tied-up with ticketing platforms like Galileo, Amadeus etc to ensure that the policy is issued along with your ticket. You can also buy it from the insurer's online site which is simple and hassle-free.

 

Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...

What is Financial Freedom?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     There were many things common between our Freedom fighters. All had the Single vision (Free India), common goal (independence) and had a disciplined and focused approach. They were ready to do anything and everything and had made so many sacrifices to see India free . But the road to freedom was not easy .They had faced lot many hardships, went to jail so many times and even confronted physical and mental torture from the British. There was one more thing which proved to be an advantage to our fighters that most of them were professional lawyers. The knowledge of legal issues and its impact on our country at large has helped them counter various bills and proposed new laws by the then government. It is due to their continuous effort that we are able to achieve the goal of Independent Indi...

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now