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

ULIP Review: ProGrowth Super II

  If you are interested in a death cover that's just big enough, HDFC SL ProGrowth Super II is something worth a try. The beauty is it has something for everybody — you name the risk profile, the category is right up there. But do a SWOT analysis of the basket, and the gloss fades     HDFC SL ProGrowth Super II is a type-II unit-linked insurance plan ( ULIP ). Launched in September 2010, this is a small ticket-size scheme with multiple rider options and adequate death cover. It offers five investment options (funds) — one in each category of large-cap equity, mid-cap equity, balanced, debt and money market fund. COST STRUCTURE: ProGrowth Super II is reasonably priced, with the premium allocation charge lower than most others in the category. However, the scheme's mortality charge is almost 60% that of LIC mortality table for those investing early in life. This charge reduces with age. BENEFITS: Investors can choose a sum assured between 10-40 times the annualised premium...

Am you Required to E-file Tax Return?

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...

IDFC - Long term infrastructure bonds - Tranche 2

IDFC - Long term infrastructure bonds What are infrastructure bonds? In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (" Income Tax Act ") to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly. Long term infrastructure Bonds by IDFC IDFC issued an earlier tranche of these long term infrastructure bonds on November 12, 2010. This is the second public issue of long-te...

Section 80CCD

Top SIP Funds Online   Income tax deduction under section 80CCD Under Income Tax, TaxPayers have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides t axpayer deductions against investments made in specific sector s. Under Section 80CCD, an assessee is eligible to claim deductions against the contributions made to the National Pension Scheme or Atal Pension Yojana. Contributions made by an employer to National Pension Scheme are also eligible for deductions under the provisions of Section 80 CCD. In this article, we will take a look at the primary features of this section, the terms and conditions for claiming deductions, the eligibility to claim such deductions, and some of the commonly asked questions in this regard. There are two parts of Section 80CCD. Subsection 1 of this section refers to tax deductions for all assesses who are central government or state government employees, or self-employed or employed by any other employers. In...

Merger of Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Merger of Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund Tata Mutual Fund has decided to merge Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund, with effect from January 16, 2015.   Investors of Tata Indo-Global Infrastructure Fund can redeem/ switch out units from December 13, 2014 to January 12, 2015 without paying any exit load. For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300 Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- Invest Mutual Funds Online Invest Any Mutual Fund Online Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund A...
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