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.


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.


buy travel insurance as per your need

  • Easypolicy
  • 15 Jan 2014

Travel exposes you to a variety of risks and buying Travel Insurance can relieve you of the anxieties that can spoil the fun of travel or distract you from your focus. A typical insurance Policy would primarily cover you for the most common risks associated with a travel which include lost or delayed baggage, medical emergencies, trip cancellation or interruption, lost passport, Repatriation of remains, personal liability, and Accident and provide you with cash in case of emergencies. 

The needs of travelers vary and no single policy can entirely cover the unique risks that each traveler is exposed to. A 70 year old man is exposed to a different set of risks than a 30 year old man. A person traveling for adventure is exposed to an altogether different set of risks, when compared to a business traveler. A student traveling for education related purposes would need a different sort of Risk coverage. Hence, it is essential that when you opt for a, make sure you get adequate cover for the risks that you are most exposed to either because of your age, purpose of travel, duration of stay or your travel destination. 

Buying an insurance policy as per your need is a prudent decision, because you save on what you do not need and you spend on what you really need. Like if you are a young guy and medically fit, it is appropriate for you to buy a policy that gives you the minimal protection against medical emergencies, while you can look forward to have additional Coverage against a risk that you feel is specific to your travel purpose. A travel intended for adventure would require you to be specifically covered for the associated risks, as your normal policy is in most likelihood not going to cover those. 

If you are a frequent traveler and need to make trips every two months, it makes sense for you to have a single policy that provides multi-trip coverage. This will not only save you from the procedural hassles of buying it every time you travel, but will also cost you much less.

If you would be traveling abroad as a student, your medical coverage needs are likely to be more comprehensive than that of a normal business traveler or a tourist, hence you would need an insurance policy that give you the right protection. Such travel policies not only cover the general risks of travel, but also the unique risks that you would be exposed to as a student.

The travel insurance space in India has significantly evolved and companies offer tailor made or what you call custom designed policies. These policies ensure that you pay for only what you need.

Compare travel insurance online

Once you have made up your mind on what is your insurance need, log on to a trusted insurance comparison website to compare different travel insurance policies. Choose the best insurance plan that offers you coverage as per your need and is also competitively priced.