6 Tips to Purchase Travel Insurance When Travelling Outside India

Travelling abroad is exciting, but things can go wrong unexpectedly. If you fall ill or have an accident, medical costs can be sky-high abroad. For instance, a basic dental treatment costing around $300 in India could cost $3,000 in the USA. That’s where travel insurance comes in. 

An international travel insurance plan safeguards you from financial uncertainties and unexpected medical costs. It covers various situations, from lost baggage and trip interruptions to hospitalisation abroad, without the burden of upfront payments. 

But the question arises: How do you choose the right travel insurance? Here are some tips for buying travel insurance.

6 Things to Consider When Purchasing Travel Insurance

While planning your international trip, consider these travel insurance tips and tricks to choose the right policy:

1. Consider the Nature of Your Trip

The type of trip you’re planning significantly influences the kind of travel insurance you’ll need. Are you going on a relaxing beach vacation, a daring adventure holiday, or a business trip? Different activities carry different risks and might require specific coverage, such as adventure sports protection or equipment insurance.       

2. Align Coverage with Trip’s Duration

Another tip for buying travel insurance is to consider the duration of your trip. Some insurance policies limit coverage length, so it’s important to make sure that the policy you select matches the duration of your journey. Additionally, if you’re a frequent traveller, consider whether you require single-trip coverage or a multi-trip policy.

3. Consider Your Medical History

Be transparent about any pre-existing medical conditions to your insurer to ensure they are covered. Some policies might not cover specific health issues or require a higher premium for coverage. Being upfront will help you avoid any surprises when making a claim.  

Also, ensure your policy includes coverage for medical emergencies and evacuation, as healthcare costs abroad can be exorbitant.  

4. Review Norms and Regulations at the Destination

Different countries have varying regulations and norms regarding travel insurance. Some destinations may require proof of adequate travel insurance for entry or visa issuance. Research the requirements of your destination country and ensure that your travel insurance policy meets the necessary criteria.  

5. Evaluate Insurer’s Reputation

When selecting a travel insurance provider, consider their reputation, financial strength, and customer service. Opt for insurance companies with a proven track record of handling claims efficiently and providing reliable emergency assistance. Read customer reviews and check industry ratings to make an informed decision.

6. Compare Your Options

Don’t settle for the first travel insurance policy you come across. Instead, take the time to compare options from different providers. Consider factors such as coverage limits, deductibles, exclusions, and premiums on platforms like PhonePe. This thorough comparison allows you to find the best policy for your requirements and budget.

How to Purchase Travel Insurance in India?

Here’s a step-by-step process on how to purchase travel insurance online:

• Visit your preferred insurance provider’s website.
• Go to the insurance section and select Travel Insurance.
• Click on ‘Get a Quote’.
• Enter the destination country, travel dates, and number of travellers.
• Browse through the available plans and select one that suits your needs.
• Provide the policy buyer and travellers’ details.
• Declare any pre-existing health conditions.

Finally, carefully review the policy details, terms, and conditions, and purchase the travel insurance from the comfort of your home.

Overall Visa Process from India

Travelling abroad often requires obtaining a visa. There are generally two types of visa processes:

1. On-Arrival Visa

An on-arrival visa can be obtained upon arrival at the destination country’s point of entry, such as an airport or land border. This visa is usually granted for a limited period, from a few days to a few weeks, depending on the country’s regulations. Some countries that offer on-arrival visas to Indians include Thailand, Qatar, Maldives, and Sri Lanka.

2. Pre-Travel Visa

A pre-arrival visa, or a regular visa, must be obtained before travelling to the destination country. This typically involves submitting an application online or through the embassy or consulate of the destination country. Popular destinations requiring pre-travel visas include the United States, the United Kingdom, and Schengen countries in Europe.

Key Takeaways

Investing in travel insurance is a crucial part of trip planning. It helps protect your finances and ensures you’re covered for unexpected medical expenses and travel issues. Before you buy a policy, consider the above-mentioned travel insurance tips and tricks, like the nature of your trip, duration, medical background, local norms at your destination, and the insurer’s credibility. Considering these factors will help you select a plan that gives you the right coverage for your journey.