Reading a Travel Insurance Policy Prior to purchasing it is Vital
Travel insurance policy comprises a document. This document contains the details of the travel insurance plan that you have selected. It is usual for the agents of an insurance company to tell you about the features of the plan being provided. These features may give you the impression that you are purchasing the best travel insurance policy in India. However, as Hello Policy has informed, reading all the documents related to the policy can be vital. By doing so, you can check whether or not the features discussed are indeed being provided.
Reading to Ensure All the Details of Travel Insurance It is usual for an insurer to describe the features of a travel
insurance plan to a buyer. There can be a few instances wherein the insurer may describe certain features that may not be a part of the plan. When a buyer purchases the policy without going through the written documents relating to it, complete satisfaction may not be achieved. To ensure that you do not invest in a policy that doesn't fulfill what has been promised, going through the complete documents will be suggested.
Key Things to Check in Travel Insurance Policy's Documents
Among the providers of the best travel insurance policy in India, Hello Policy has expressed that when you read the policy's document, certain things should be doubly checked. These can be inclusive of premiums, add-ons, Sum Assured, etc.
1. Sum Assured
Insurance companies promise to provide Sum Assured to the insured person. This is the sum that is received when the insured person passes away. The sum being verbally promised needs to be the same in the documents of the travel insurance you buy. Thus, checking that this amount is the same is of much significance to avoid disputes in the future.
2. Premium
Discrepancies have been observed in a few cases with respect to premium. This is the amount paid by a travel insurance policyholder. While the insurance agent or company may have mentioned a lower premium, the written documents may be comprising a higher premium. To avoid discrepancies relating to the same, the amount of the premium is the next thing that should be checked.
Along with the amount of the premium, it will be helpful to check whether its frequency is monthly, quarterly, or yearly. The companies known for the best travel insurance policy in India opine that ensuring this frequency will keep the policyholder informed. Thus, when the premium needs to be paid, the policyholder will already be aware of the time of payment.
3. Additional Costs/Add-ons IT HAS BEEN SUGGESTED BY CERTAIN INSURANCE COMPANIES THAT TRAVEL INSURANCE CAN BE INCLUSIVE OF ADDITIONAL COSTS. IT I S POSSIBLE THAT A DISTRIBUTOR OR INSURANCE AGENT MAY NOT DESCRIBE EVERY FEATURE OF THE POLICY. THEREFORE, IT WILL BE WISE TO GO THROUGH ALL THE DOCUMENTS OF THE TRAVEL INSURANCE PLAN TO LOOK FOR ANY ADDITIONAL COSTS. IN CASE YOU HAVE OPTED FOR ANY ADD-ONS, CHECKING THEIR COSTS WILL BE SUGGESTED.
4. Other Features/Rules IN ADDITION TO CHECKING THE SUGGESTED THINGS, YOU SHOULD CONFIRM THAT NO FEATURE OR RULE MENTIONED IN THE POLICY CAUSES YOU ANY FORM OF INCONVENIENCE. BY CONFIRMING THIS, YOU WILL ESCAPE ANY DIFFICULTIES RELATING TO THE CHOSEN TRAVEL INSURANCE IN THE FUTURE.
Everything Considered
TO ENSURE THAT YOU ARE PURCHASING THE BEST TRAVEL INSURANCE POLICY IN INDIA, CHECKING ITS DOCUMENTS BEFOREHAND I S VITAL. THIS HELPS YOU CONFIRM THE COSTS INVOLVED IN THE POLICY. ALSO, ANY FEATURES THAT SEEM UNCLEAR CAN BE DISCUSSED PRIOR TO THE FINAL PURCHASE