When you are travelling abroad, it is essential to have travel insurance coverage taken beforehand. While people don’t hesitate to buy home insurance, health insurance, and car insurance, they surely hesitate when applying for international travel insurance.
With the policy, you are financially protecting yourself from unforeseen events that take place on foreign lands. Also, in case you happen to cancel your trip before leaving, you will get refund.
Hence, whether you take the travel insurance online or in-person, it is essential to have one under your name. However, there are many questions and misconceptions surrounding it, and we have answered them for you.
Before we begin, let us first understand what a the policy is.
What Is Travel Insurance?
During a trip abroad, if things unexpectedly go haywire, a the policy comes in handy. Whether you lose/damage your luggage, fall ill, injure yourself, or miss your flight, it will take care of everything.
The policy is designed to cover expenses for unforeseen events and accidents when you are on a trip.
Is Travel Insurance Just Another Health Insurance?
No! In fact, it is so much more than a regular health insurance policy. However, your policy includes a medical component in it that takes care of medical expenses when you are travelling.
Moreover, travel insurance cover includes trip cancellation, trip interruptions, loss/damage of your luggage, and emergency transportation to and from the nearest hospital.
So, it is like health insurance? Will it allow me to see a doctor whenever I want?
Know for a fact that your policy cannot be used as a replacement for health insurance. It is basically for medical emergencies when travelling. If you want to see a doctor for a physical examination or to fix a new crown on your tooth, you are on your own!
Will my travel insurance cover an illness I already possess?
Your travel insurance policy will not cover any pre-existing illness. If you happen to get sick while travelling, you surely are covered. But if you need medical attention for a pre-existing ailment that you knew of beforehand, then you will have to pay for it.
On the other hand, if you fall sick under one policy and try to extend it to another new policy, most insurance providers will consider your illness as a pre-existing condition. Hence, it won’t be covered under your new travel policy.
Buy Travel Insurance Online
Today, almost everything is available on the Internet. So, you might as well buy it online. Also, certain policies come with geographical restrictions. Hence, it is recommended that you go through the terms and conditions of the policy before purchasing one.
Are you looking for a travel insurance policy?
Get in touch with us at Finserv MARKETS. With Bajaj Allianz Travel Insurance plans available on Finserv MARKETS, you can benefit from features like hassle-free settlements, 24×7 assistance, and extensive coverage. Also, it provides a fast-online process wherein you require minimal documentation.
So, why wait? Apply for Bajaj Allianz Travel Insurance with Finserv MARKETS, right away!
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