Travel Insurance

Myriad offers to finance you, in case your day does not turn out the way you want it to. Travel is an adventure and a risk as well and it is good to be careful. Insure your trip so that you enjoy it to the maximum. This article informs you on:

• What is travel insurance?
• Who can opt for travel insurance?
• Who can benefit out of travel insurance?

Are you adventurous? Are you a sport enthusiast? Are you a globe trotter? Or are you just a business person travelling for a deal? No matter what you are; a business traveller or a leisure traveller; you are now safer with a myriad offers to finance you in case your day does not turn out the way you want it to. Travel is an adventure and a risk as well and it is good to be careful. Insure your trip so that you enjoy it to the maximum.Cheap travel insurance would involve the type of travel and the travel insurance policy you are opting for

Travel insurance is a means to minimise the financial risks that can occur due to

• Trip Cancellation/Interruption
• Medical emergency
• Events like delay or missed departure
• Delayed arrival or Loss of baggage
• Passport loss and legal expenses
• Bankruptcy, Loss of cash, or valuables
• Pre existing medical condition

Travel Safe -- Travel Peacefully

What type of traveller are you?

• single trip/multiple trip
• short trip /long trip
• one time/frequent
• tourist/adventure sport

Whatever be the type of traveller, you plan your vacation and see that nothing untoward happens. Travel insurance sold by a travel insurance company acts as a back up for the unforseen. The cover you get in insurance is varied. The basic being trip ticket reimbursement and medical expenses. Ticket expenses are reimbursed if the trip is cancelled, trip interrupted due to ill health or loss/serious condition of family member, trip delayed and baggage delayed. Medical plan takes care of all medical expenses for injury including hospitalization during travel.

The various other specialized package plans are for particular types of travelers

Students Plan

This plan covers for a week, semester or even a year of travel. Sometimes covered in groups other times if you are in a gap year. Some plans cater specifically to students studying abroad. Basic plan plus the additional you reqire determine your premium.

Backpackers Plan

This is designed for individual travelers who travel extensively. These usually pack up all their belongings in a bag pack and travel and hence the name backpackers insurance. Some of the trips are trekking and road related as well. You need to have a look carefully at the coverage before choosing a provider.

Over 65 plan

This plan is for senior citizens who travel around the world. The premiums for this plan are rather high as senior citizens are more likely to fall ill and make claims.

Annual Plan

Businessmen and others who travel frequently during the year can opt for the annual plan/multi trip plan. Allianz Travel Insurance is one of the insurance services that can provide a wide range of coverage options to travel overseas with beneficial terms.

Family Plan

Your toddler may get some infection or disease during travel and you may have to cancel travel. This plan provides for eventualities of the family during travel. Group Plan This plan is for various types of groups. A club may take its members for a tour. A tour is made by your civic,church, youth or any other organisation. This is either for motor tour or for a tour outside the country as well. This plan covers young and old as well.

Extreme Sports

Most travel packages do not provide risk cover for the sports like bunjee jumping, jetskiing, jetboating, parascending( a parasail attached behind a boat), white water rafting, windsurfing, yatch racing and scuba diving. Some Travel insurance companies give it as a separate packages at extra costs. They give a list of hazardous activities and the premium the charge in case you involve in any of these hardous acitivities during travel. Adventure sports, martial arts fall under this category.

Ski/snowboarding Plan

This specially caters to winter sports that is promoted by many hotels and resorts in mountainous regions covered with snow. The plan covers eventualities that may occur during trips to these place.

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