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How Far in Advance Can Travel Insurance Be Booked?

By Finserv MARKETS - May 16,2019
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How Far in Advance Can Travel Insurance be Booked?

Traveller’s Insurance is an essential prerequisite of travel, especially if you are travelling abroad. Some people prefer to buy their insurance plan right after booking their flights, while others prefer to buy it just before leaving for the trip. Now, one might ask, when is the right time to book a policy or how far in advance can you book travel insurance? Read on to find out.

Foreign travel or vacations can be quite expensive. Right from flight tickets to accommodation, everything needs to book well in advance for a smooth travel experience. Naturally, when you have made such heavy investments for your travel, it only makes sense to do everything in your power to protect it. Hence, it is wise to buy overseas or foreign policy well in advance for added safety from unforeseen financial losses. Most policies can be booked up to 60 days in advance from the date of journey. What’s more, booking travel insurance has its advantages like: –

Cancellation Protection

Trip cancellation is one of the most common causes of travel policy claims. Cancelling or delaying a vacation means, you will suffer huge losses even before leaving. However, by purchasing a travel insurance policy in advance, you’ll be able to get the trip cancellation benefit and avoid losses. Hence, the sooner you buy the policy, the safer you are from unexpected losses.

Protection Against Unforeseen Events

When you buy a travel insurance policy, the risks of travel are transferred to the insurance provider. Depending on the type of policy you buy, various types of risks will be covered. Make it a point to read the fine prints of your policy carefully to know what’s covered under your plan before buying.

Medical Protection

Most plans cover illnesses and injuries occurring from the time of buying an insurance plan. So if you had to delay or cancel your trip due to a sudden illness or injury, or sickness of a close family member, your travel insurance covers the cost up to the maximum limit stated in the policy document.

So, what is the best time to buy one? The ideal time to buy travellers insurance is soon after you do the bookings and pay for your much awaited vacation, especially if your trip is non-refundable. Buying travel policy in advance is advantageous as, the earlier you book, the sooner you are protected from unforeseen losses. So don’t procrastinate, secure your dream vacation well in advance online!

With Finserv MARKETS, buying a policy is a quick and hassle-free process. Buy Insurance Plans and enjoy exclusive benefits like hassle-free claim settlement, 10000+ network hospitals around the globe, highest emergency cash benefits, 24×7 on-call support and much more. To buy or know more about Bajaj Travel Insurance Plans visit Finserv MARKETS.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment, and exclusive EMI store, all under one roof- anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522