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Travel insurance is a must-have if you are travelling abroad for a vacation or business purpose. It is advisable to purchase a travel insurance policy 15-30 days before your trip commences.
Here are a few pointers to consider after purchasing a comprehensive travel insurance plan:
1. Relevant Documents - When you purchase a travel insurance plan, you will receive a policy document which will contain the details of your entire policy. The policy document comprises of your KYC details, document confirmation number, type of cover/plan chosen, policy number, features and benefits of your plan, inclusions and exclusion, rules and regulations to be followed, coverage effective dates, etc. In addition, it also contains the list of emergency contact numbers and claim intimation process in case you come across an emergency in a foreign/domestic country. The policy document is sent via email as well as in physical form to your registered residential address. It is advisable to carry a physical copy of your policy document while travelling abroad.
2. Review your Policy - Just like a normal insurance plan, a travel insurance plan also comes with a grace period. The grace period is a limited time period under which you can return the policy back to the insurer in case you are not satisfied with any of the conditions mentioned in the policy. The grace period is usually 15 days post the purchase of the policy. It is advisable that you review your travel insurance plan carefully and return it for a full refund in case you are not satisfied with what is offered to you. In short, make sure that you understand all the details of your travel insurance plan within the stipulated time frame.
3. Exclusions - Every travel insurance plan has a list of exclusions which are not entertained by the insurance provider. Read the exclusion section carefully as it will make you aware of the instances which are not covered by your travel plan in case of an emergency.
4. Claim Related Queries - If you have any claim related queries, you should contact the claims customer service department immediately. It is advisable to contact the insurance company immediately in case of an emergency. It is the insurer’s duty to provide assistance in case of a claim, advise you on the emergency situation, answer any queries related to the plan. Most of the insurers provide 24x7 phone call service.
In conclusion, it is advisable to compare different plans offered by insurers across India. A comparison will help get the best premium quotes available in the market and online mode will help you purchase the policy immediately. Once you receive the policy document go through it thoroughly to ensure that you have got what you paid for.