Skip to main content

Travel Insurance Policy

Best SIP Funds to Invest Online 



While vacation may be a time to relax, things could take a serious downturn if you have a medical emergency or lose your passport or luggage. Though travel insurance can seem like another expense, without it, an unforeseen circumstance could end up causing havoc both financially and psychologically. Travel insurance is a simple way to protect your belongings and minimise losses.

Here is an all-inclusive guide on buying travel insurance and ensuring it covers all your travel plans.

A step-by-step guide to buying the right travel insurance

How can one find the best-value travel insurance policy? Easy, one may say. Just go to a price-comparison website and buy the cheapest one. But there is a catch. Price-comparison sites seem to be have a fascinating effect. Since they are so powerful and used by many people, there is an intense competition between companies to keep the price of their policies as low as possible to try to ensure that they appear close to the top results.

An important point to bear in mind about insurance is that travellers have different kinds of needs, depending on their age, value of their luggage, the type of travelling they do (there are endless limitations and exclusions relating to outdoor activities), how risk-averse they are and how often they like to travel and so on.

Because of these variations, it is not possible to recommend one policy which will be a good purchase for all travellers. Instead please find below factors one should consider when buying a policy.

1. Multi-trip

Multi-trip policies cover all trips one undertakes in a calendar year, with limits on the length of each trip. Whether it is cheaper to buy separate policies for each trip or one depends on how much travelling you intend to do in a year. If one undertakes three or four trips a year, one would save with a multi-trip cover. The other significant advantage of a multi-trip insurance policy is that you are covered continuously throughout the year and don't have to shop for a new policy each time you travel.

2. Medical history

If one has a medical history in terms of a serious disease or condition, or if you smoke or consume alcohol on a regular basis, the premium goes up. A life threatening pre-existing illness is mostly not covered under a regular travel insurance policy provided one buys an add-on for the same policy. In most cases, policy for elderly people attracts higher premium due to the age factor.

3. Destination

If your trip destination is known to be a high-risk zone or is famous for various adventure activities, the premium goes up as you are perceived to be in a risky area.

4. Covering expensive gear

Most travel policies have a per-item value limit but make sure it's high enough to cover all your gear, or choose an insurance policy that allows you to increase the limit. Another option is to contact your home contents insurance company and check if you can get them insured as portable valuable goods.

5. Cancellation policy

It's no fun if you fall ill just before you leave and can't go on your trip. Many unexpected problems can come up. Not all insurance policies cover cancellation of accommodation and flights, so please read the policy wording relevant to you very carefully.




SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds

For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

Popular posts from this blog

Tata Mutual Fund

Being a part of the Tata group, the fund has the backing of a very trusted brand name with strong retail connect. While the current CEO has done an excellent job in leveraging the Tata brand name to AMC's advantage, it is ironic that this was just not capitalised on at the start. Incorporated in 1995, Tata Mutual Fund remained an 'also-ran' fund house for around eight years. Till March 2003, it had a little over Rs 1,000 crore in assets and 19 AMCs were ahead of it. But soon after that the equation changed. It was the fastest growing fund house in 2004 and 2005. During these two years, it aggressively launched six equity funds, two debt funds and one MIP. The fund house as of now stands at No. 8 in terms of asset size. This fund house has a lot to offer by way of choice. And, it also has a number of well performing schemes. Tata Pure Equity, Tata Equity PE and Tata Infrastructure are all good funds. It also has quite a few good debt funds. The funds of Tata AMC are known to...

UTI Mutual Fund

Even though only a few of UTI’s funds are great performers, this public sector fund house has many advantages that its rivals do not. It has a huge base of retail equity investors and a vast distribution network. As a business, it looks stronger than ever, especially in the aftermath of credit crunch. UTI is, by a large margin, the most profitable fund company in the country. This is not surprising, since managing equity funds is more profitable than debt. Its conservative approach and stable parentage is likely to make it look more attractive to investors in times to come. UTI’s big problem is the dragging performance that many of its equity funds suffer from. In recent times, the management has made a concerted effort to improve performance. However, these moves have coincided with a disastrous phase in the stock markets and that has made it impossible to judge whether the overhaul will eventually be a success. UTI’s top performers are a few index funds, some hybrid funds and its inf...

Salary planning Article

1. The salary (basic + DA) should be low. The rest should come by way of such allowances on which the employer pays FBT and you don't pay any tax thereon. 2. Interest paid on housing loan is deductible u/s 24 up to Rs 1.5 lakh (Rs 150,000) on self-occupied property and without any limit on a commercial or rented house. 3. The repayment of housing loan from specified sources is also deductible irrespective of whether the house is self-occupied or given on rent within the overall ceiling of Rs 1 lakh of Sec. 80C. 4. Where the accommodation provided to the employee is taken on lease by the employer, the perk value is the actual amount of lease rental or 20 per cent of the salary, whichever is lower. Understandably, if the house belongs to a family member who is at a low or nil tax zone the family benefits. Yes, the maximum benefit accrues when the rent is over 20 per cent of the salary. 5. A chauffeur driven motor car provided by the employer has no perk value. True, the company would...

8 Investing Strategy

The stock market ‘meltdown’ witnessed since the start of 2005 (notwithstanding the recent marginal recovery) has once again brought to the forefront an inherent weakness existent in our markets. This is the fact that FIIs, indisputably and almost entirely, dominate the Indian stock market sentiments and consequently the market movements. In this article, we make an attempt to list down a few points that would aid an investor in mitigating the risks and curtailing the losses during times of volatility as large investors (read FIIs) enter and exit stocks. Read on Manage greed/fear: This is an important point, which every investor must keep in mind owing to its great influencing ability in equity investment decisions. This point simply means that in a bull run - control the greed factor, which could entice you, the investor, to compromise with your investment principles. By this we mean that while an investor could get lured into investing in penny and small-cap stocks owing to their eye-...

Debt Funds - Check The Expiry Date

This time we give you an insight into something that most debt fund investors would be unaware of, the Average Portfolio Maturity. As we all know, debt funds invest in bonds and securities. These instruments mature over a certain period of time, which is called maturity. The maturity is the length of time till the principal amount is returned to the security-holder or bond-holder. A debt fund invests in a number of such instruments and each of these instruments would be having different maturity times. Hence, the fund calculates a weighted average maturity, which would give a fair idea of the fund's maturity period. For example, if a fund owns three bonds of 2-year (Rs 30,000), 3-year (Rs 10,000) and 5-year (Rs 20,000) maturities, its weighted average maturity would be 3.17 years. What is the big deal about average maturity then, you may ask. Well, knowing a fund's average maturity is important because it tells you how sensitive a fund is to the change in interest rates. It is ...
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