Buying directly from the insurer’s websiteThis is the easiest and most convenient way to buy travel insurance. Today, most insurers allow policyholders to buy the travel insurance plan of their choice directly from their websites. All you need to do is to visit the official portal of the insurer, browse the various policies, choose the one that best fits your needs, pay the premium and you are done.
Once you pay the premium for the policy, the softcopy is sent via email. It contains all the relevant details including your name, the premium paid, policy validity, inclusions, exclusions and the terms and conditions. The hard copy is sent to your registered address within a few days, mostly in a week. When you receive the hard copy, match it with the soft copy to ensure everything is alright.
Purchasing online from an insurance aggregatorThis is another easy way of purchasing a travel insurance plan. Insurance aggregators sell policies of different insurers. You can buy directly from the website on the aggregator by paying the applicable premium. A distinct advantage of buying from an aggregator is the ease of comparison. You can compare policies of different insurers and take your pick. Also, most aggregators have a dedicated team who help you understand the nitty-gritty of travel insurance. You can read reviews and articles and also talk with experts to have a comprehensive idea about the various aspects of a travel insurance policy.
Buy from an existing insurerIf you already have a different kind of policy from an insurer, you can check out if your existing insurer has a travel insurance offering or not. This is because in case it’s on offer, not only can you avail it at a discount, but the process also quickens as the insurer has all the relevant details about you.
All you need is to contact the insurer, check the offering, fill up the proposal form and pay the premium amount.
To sum upIrrespective of whether you buy a travel insurance plan directly from an insurer’s website, aggregator or your existing insurance company, make sure to read well the terms and conditions. Special attention must be given on exclusions and situations where your claim may not be entertained.
Knowing well the various clauses associated with the policy help you know when you should make a claim and the process to do so. Opt for a policy that offers you a comprehensive coverage during your trip.
Click here to know more about travel insurance.
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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