When travelling to a foreign country, you’d mostly expect your trip to be full of great experiences and adventure. But a lot of things can go wrong when you are thousands of miles away from home. A travel insurance policy is a smart way to prepare for the unexpected. But with so many insurers now offering travel insurance, how will you pick the best? By comparing them based on the points listed below-

1. Maximum Sum Insured

Just like other types of insurance policies, travel insurance also comes with a maximum sum insured. It is up to this amount that your foreign trip will be covered in case if anything goes wrong. Consider factors like your age, health condition, trip duration, and the country you are visiting to get an idea about how much coverage you might need.

Based on this, you can then compare travel insurance online and select one that offers the best value for your money.

2. Inclusions and Exclusions

You should also check what is included and excluded in the policy. Make sure that you go with a policy that at least covers things like medical emergency, hospitalization, loss/delay of baggage, loss of travel documents, trip cancellation/delay, and repatriation expenses.

Also, check the exclusions carefully to ensure that the insurance is not excluding something that you might need coverage for.

3. Claim Filing and Settlement Process

You should also check the claim filing and settlement process of the insurer so that you are prepared to file a claim in case if you suffer from an emergency during your foreign trip. The claim filing and settlement process should be simple and hassle-free with minimum documentation.

The claim filing facility should be available 24x7, and the insurer should preferably have a 24x7 support department that can be contacted from any part of the world.

4. Policy Premium

Most travellers generally only consider the premium while purchasing travel insurance. But while there is no denying that you should select a competitively priced insurance, it is not wise to overlook the points listed above just because you are getting a policy at a cheap price.

Try to maintain a balance between all the factors so that you can get feature-packed travel insurance from a reputable insurer at a competitive price.

Selecting the Best Travel Insurance

Comparison is an effective way to select a travel insurance policy amid the plethora of options now available online. But it is also very important to know the factors you should watch out for when comparing insurance online.

Focus on the points listed in this post, and you are sure to select a travel insurance policy that best suits your requirements.

Click here to know more about travel insurance.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



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