Tag Archive | "Travel Insurance"

Plan Your Trip With Best Travel Plan

  • Easypolicy
  • 16 May 2014

Whether you are traveling for business, leisure or adventure buying Travel Insurance is a must. With a travel insurance, you are Assured that any contingency related to travel can be managed effectively. Travel related emergency include loss of passport, medical illness, loss of baggage and trip cancellation/interruption. While planning for travel, you generally do not realize the importance of being prepared for these contingencies as all you have in mind are pleasant thoughts about an exciting stay and journey ahead.

Travel insurance does not cost you much and it really pays you off as you can travel with the needed peace of mind. In the event you experience an illness or meet with an Accident in a foreign country the cost of medical intervention is so high that it can rob you off for all of your bank balance. In some situations, you may fall short of the required money to meet the medical expenditure and this may be a very precarious situation to be in. Hence, it makes sense to buy travel insurance before you move on with your travel plans. 

But buying any travel plan is not enough as it is also important that you buy only what you need and also all what you need to be covered for. By asking a few questions to yourself and being a bit prudent, you can be assured that you are covered for what you need and you are not overpaying as well.

What is the purpose of my travel?

Depending upon your purpose, you can choose an appropriate travel insurance policy. If it is adventure make sure that you buy additional cover to be secure against any potential risks of adventure activities that you are likely to be involved in. If the purpose is business and you need to travel frequently it is best that you buy multi trip insurance rather than a single trip travel policy. A multi trip Policy will cost you less and comes with fewer hassles than buying a single trip policy every time you move.

What should be the medical cover?

Depending upon the country you are traveling you should choose an appropriately sized medical cover. In countries like US and Canada, the cost of medical treatment is unusually high than most other countries. Hence, it is paramount that you choose a higher cover while traveling to these countries.

What are my personal risks?

If you are elderly and have some Pre-existing diseases, it is best that you buy a larger medical cover and also include cover for pre-existing diseases for some special situations. Besides, if you think you want to feel secure about your personal assets in India while you may be abroad you can choose to buy an additional cover that includes burglary and fire insurance for the duration you might be traveling.

Is my Insurance Agent offering me the best deal?

Once you have decided on your Coverage needs, make it a point to compare the premiums offered by various insurance companies for the same cover. An online comparison is the easiest way to choose the best travel insurance plan for your needs.


ways to get the best travel plan

  • Easypolicy
  • 04 Mar 2014

Buying the best Travel Insurance plan is not just about getting it cheapest, but rather getting all what is necessary at the best price. If cost is the only criteria, buyers are always better off not buying it all!

We know the importance of a travel plan as it can save us from the tensed moments and a feeling of helplessness when we are stuck by an adversity like medical illness, trip cancellation or loss of passport, while we are traveling abroad.

An online comparison site is obviously one of the efficient ways to select the cheapest available travel insurance but you have to be mindful that you are not just carried away by the quoted prices. It is equally important for you to spare some time to check that the travel insurance benefits are comparable across various policies. It does not make sense to compromise on your Coverage for the sake of getting a cheaper policy. If you are really looking to save costs without compromising on coverage you should be aware of these options and important checks.

1)  Multi Trip Travel Insurance – When you know you are likely to travel a couple of times during the year, it makes sense to buy a multi-trip insurance plan. In many cases, if you are likely to travel even twice a year, you may opt for a multi-trip insurance. There are some minor differences in the coverage conditions with regard to the length of stay and you need to be aware of these before you make a choice.

2)  A Family Floater PlanIf you are traveling with your entire family for a trip abroad, think about buying a travel plan that covers your entire family, rather than buying individual policies for each member. Such a plan would cost you less than buying individual policies and more importantly the effective protection from various travel related risks is not compromised. Such a plan has restriction on the number of persons and the age of a person who can be included as part of the plan. Be sure to check these before you buy one.

3)  Be Sure to Check the Excess Amount – Before being lured by the attractive Premium rates, it is important that you take a note of the excess or compulsory Deductible offered between plans. The excess or compulsory deductible is a fixed amount that the Insured has to pay out of pocket before the insurance company would pay for the rest of the Claim amount.


single trip travel insurance – how good is it?

  • Easypolicy
  • 04 Mar 2014

Travel insurance is an integral part of your purchase if you are planning for a trip abroad. There is no doubt that it has come to be the saviour for travellers on numerous occasions, right from when baggage may have been lost, flights may have been delayed, or money may have gone missing. The question, however, remains if one should go in for multi-trip travel insurance, or single trip travel insurance. Here is a gist of things that you need to know about what these entities mean to travellers.

The multi-trip Travel Insurance is popular as the annual option; in this case, you would be covered with travel insurance for as long as one year, with a maximum period of one or two months’ travel at a stretch. During this period, you would be covered for all aspects of your travel, as in the case of overseas travel medical insurance.

The single trip option, on the other hand, covers you for just one trip; you would still be covered for a maximum duration of 12 months that your trip could be extended to. However, if your trip were to get extended beyond the specified duration of 12 months, all it takes is to go in for an extension of the duration of your single trip travel insurance, which could be done online from wherever you may be.

Another aspect of difference between the two lies in withdrawal. If you were to withdraw your annual or multi-trip travel insurance before the period, the calculation of Premium would be as if you had purchased single trip travel insurance. That is because of the nature of your insurance, where any duration of less than one year would automatically convert it into single-trip.

Which one should you go for, when it comes to choosing between the two?

The answer depends on your circumstances and the kind of travel that you have been planning for. With the single trip option, you could plan a travel that is as long as a year’s time; however, that would be applicable only if you are not a frequent traveller. If, on the other hand, you do travel more than once, multi-trip travel insurance would be a better option, since the premium that you would pay would work out less than what you may have to shell out for many single trip options.
For those travellers who would have their partners going with them, it may be wise to get single-trip travel insurance for them too. The cover would automatically extend to dependent children who may be included in the travel.