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

ICICI Prudential Balanced Fund

 ICICI Prudential Balanced Fund scheme seeks to generate long-term capital appreciation and current income by investing in a portfolio that is investing in equities and related securities as well as fixed income and money market securities. The approximate allocation to equity would be in the range of 60-80 per cent with a minimum of 51 per cent, and the approximate debt allocation is 40-49 per cent, with a minimum of 20 per cent. An impressive show in the last couple of years has propelled this fund from a three-star to a four-star rating. The fund has traditionally featured a high equity allocation, hovering at well over 70 per cent, which is higher than the allocations of the peers. But in the last one year, the allocation has been moderated from 78-79 per cent levels to 66-67 per cent of the portfolio. ICICI Prudential Balanced Fund appears to practise some degree of tactical allocation based on market valuations. Within equities, well over two-thirds of the allocation is parked i...
Read more

Mutual Fund Review: Religare Tax Plan

Tax Plan is one of the better performing schemes from Religare Asset Management. Existing investors can redeem their investment after three years. But given the scheme's performance, they can continue to stay invested   Given the mandated lock-in period of three years, tax saving schemes give the fund manager the leeway to invest in ideas that may take time to nurture. Religare Tax Plan's investment ideas revolve around 'High Growth', which the fund manager has aimed to achieve by digging out promising stories/businesses in the mid-cap segment. Within the space, consumer staples has been the centre of attention for the last couple of years and can be seen as one of the key reasons for the scheme's outperformance as compared to the broader market. It has, however, tweaked its focus and reduced exposure in midcaps as they were commanding a high premium. The strategy seems to have worked as it returned a 22% gain last year. Religare Tax Plan has outperformed BSE 100...
Read more

Stock Dividend Yields

During a bull run, it’s very easy to ignore stocks with high dividend yields. After all, what could be more enticing than a growth stock? But in times of crisis, these boring ones tend to be the most sought after. The reason being that not only do dividends provide a cushion when the market is in the doldrums but such stocks also tend to fall less. The lure of dividend yield stocks is not easy to ignore. These stocks offer capital appreciation as well as cash payments. But logically, any company that pays a substantial portion of its earnings in dividends is reinvesting less and, therefore, would grow at a slower pace. So the trade-off is between higher dividend yields for lower earnings growth. On the other hand, companies with high growth potential and volatile earnings tend to pay less by way of dividends, if at all. Such companies would rather reinvest their earnings to sustain their growth. The capital appreciation of growth stocks is obviously higher than in dividend yield ones. ...
Read more

Women need to plan for Retirement

Plan for Retirement Online       Higher life expectancy, lower pay and fewer work years necessitate thorough planning.   Women have raced ahead of men in various fields but, when it comes to retirement planning, they tend to lag behind. Despite saving a higher proportion of their salary, compared to men, women generally do not take retirement planning seriously. Below are some of the reasons why they should: According to the United Nations Department of Economic and Social Affairs, in India, the life expectancy of women is 69 years and, of men, it's 66 years. Due to this, a woman will need an additional `55 lakh to manage her living expenses (see table).Besides, usually, women work fewer years compared to men to take care of children and family.Further, a recent study by Korn Ferry Hay Group shows that women in India earn 18.8% less than men. Not to mention, a higher life expectancy can also mean higher medical expenses as the likelihood of health ailments such as diabetes, high...
Read more

Tax Planning: Income tax and Section 80C

In order to encourage savings, the government gives tax breaks on certain financial products under Section 80C of the Income Tax Act. Investments made under such schemes are referred to as 80C investments. Under this section, you can invest a maximum of Rs l lakh and if you are in the highest tax bracket of 30%, you save a tax of Rs 30,000. The various investment options under this section include:   Provident Fund (PF) & Voluntary Provident Fund (VPF) Provident Fund is deducted directly from your salary by your employer. The deducted amount goes into a retirement account along with your employer's contribution. While employer's contribution is exempt from tax, your contribution (i.e., employee's contribution) is counted towards section 80C investments. You can also contribute additional amount through voluntary contributions (VPF). The current rate of interest is 8.5% per annum and interest earned is tax-free. Public Provident Fund (PPF) An account can be opened wi...
Read more
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