What is travel insurance?
The main objective of travel insurance is to provide financial protection and assistance to travelers who face various risks and emergencies during their trips. Travel insurance can cover medical expenses, personal accident, trip cancellation or interruption, baggage loss or delay, passport loss, and more. Travel insurance can also offer 24/7 customer service and guidance in case of any problems or queries during the trip. Travel insurance can help travelers save money, time, and hassle in case of unforeseen events that may ruin their travel plans. It can also give them peace of mind and confidence to enjoy their trip. 😊😊
Why travel insurance is requires ?
Travel insurance is required because it can protect you from various risks and emergencies that may occur while travelling. Some of the reasons why travel insurance is a must are:
- It can cover your medical expenses, personal accident, and emergency medical transportation in case you get sick or injured during your trip.
- It can reimburse you for your prepaid, nonrefundable trip costs if you have to cancel or interrupt your trip due to a covered reason, such as illness, injury, death, natural disaster, etc, we are always loosing our money in this way.
- It can compensate you for your loss or delay of baggage, passport, or personal belongings, as well as provide assistance in finding a replacement or issuing a new one, baggage delay, loose, damaged happened with 10% passenger everyday, we can compensate with good amount of money.
- It can provide you with 24/7 customer service and guidance in case of any problems or queries during your trip, they will silently follow you every where.😊
COUNTRIES WHERE TRAVEL INSURANCE IS MANDATORY:
Even though international travel insurance is not mandatory to visit abroad, it is recommended that you secure a policy to safeguard your interests. In a foreign land, where you are unknown to everybody and where people are reluctant to help you, having something to protect you is essential. But most of airlines request for travel insurance.
Hence, recommend you to buy the appropriate travel insurance policy. Having said that, there are some countries which necessitate that every non-citizen is secured with a travel insurance policy. Without submitting the insurance confirmation, you may not get a visa for these countries.
● Schengen Countries
● United Arab Emirates
● United States of America
Type of travel insurance available in the market?
There are different types of travel insurance, depending on your needs and preferences. Some of the common types are:
- Domestic travel insurance:
- This covers trips within India, and provides medical and financial aid for emergencies, loss of baggage, delay and cancellation of the trip, etc, competition amount is 50,000 INR to 1lack as per your lifestyle and requirements.
- International travel insurance: This covers trips outside India, and provides coverage for medical emergencies, 24/7 assistance, accident or injury, death and disability, repatriation, etc. There are also specific plans for different regions and countries, such as Schengen travel insurance and Asia travel insurance, competition amount will starting from $50,000 to more as per your requirement.
- Student travel insurance: This is designed for students who are travelling abroad for their education. It covers sudden medical or financial emergencies, as well as tuition fees, study interruption, sponsor protection, etc, it is very essential as students always travelling with less money in there hands.
- Family travel insurance: This covers all direct family members of the policyholder, and provides accidental costs, hospital allowance, and loss of baggage. It is suitable for family vacations and trips.
- Senior citizen travel insurance:
- This is for people in the age group of 61-70 years, and provides comprehensive coverage for medical services, healthcare facilities, and pre-existing conditions. It also offers higher sum insured options and lower premium rates.
- Group travel insurance: This covers a group of 20 or more people and provides similar benefits as single trip travel insurance. It is cost-effective and based on the age of the travellers. It is ideal for corporate trips, school trips, or group tours.😊
Difference between single trips travel insurance and multi trips travel insurance:
Single trip and multi-trip travel insurance are two types of travel insurance that cover different scenarios and durations of travel. Here are some of the main differences between them:
- Single trip travel insurance covers you for one trip only, from the time you leave your home country until the time you return. It does not matter how many destinations you visit during that trip, as long as you do not exceed the maximum number of days allowed by your policy. Single trip travel insurance is suitable for occasional travelers or those who need to travel for a longer period of time (up to 180 days).
- Multi-trip travel insurance covers you for multiple trips within a year, as long as each trip does not exceed a certain number of days (usually 30 or 45 days). You can travel to different countries and regions, as long as they are included in your policy. Multi-trip travel insurance is suitable for frequent travelers or those who need to travel for shorter periods of time.
Some of the benefits and drawbacks of each type of travel insurance are:
- Single trip travel insurance is usually cheaper than multi-trip travel insurance, if you only travel once or twice a year. It also offers more flexibility in choosing the coverage and duration of your policy, depending on your needs and preferences. However, single trip travel insurance may not be cost-effective if you travel more than twice a year, or if you travel with your family or a group of people. It also does not cover adventurous or risky activities, such as bungee jumping or climbing, or any accidents caused by illegal drugs or alcohol.
- Multi-trip travel insurance is usually more expensive than single trip travel insurance, but it can save you money and time if you travel more than twice a year. It also offers convenience and peace of mind, as you do not have to buy a new policy every time you travel. However, multi-trip travel insurance has some limitations, such as the maximum number of days per trip, the requirement of having primary health insurance in your home country, and the exclusion of trip cancellation or delay coverage. It also does not cover pre-existing medical conditions or any medical emergencies that occur in your home country.😊
Bajaj Allianz travel insurance:
Bajaj Allianz travel insurance is a type of insurance that covers various risks and emergencies that may occur while travelling abroad or within India in very less price compared to other insurance. Some of the benefits of Bajaj Allianz travel insurance are:
- It covers medical expenses, personal accident, loss or delay of baggage, passport loss, trip cancellation or interruption, and home burglary.
- It offers COVID-19 cover for international travellers.
- It has a fast and easy claim settlement process, with a 24/7 customer service and a missed call facility.
- It has different plans to suit different needs and budgets, such as Travel Companion, Travel Elite, and Travel Prime.
- It also has special features like Travel Trip Delay Delight, which automatically initiates payouts in case of flight delays. 😊
The eligibility criteria for Bajaj Allianz travel insurance depends on the type of plan you choose. some of the common criteria are:
- You must be an Indian citizen with a valid Indian passport.
- You must be travelling abroad or within India for a specific purpose and duration.
- You must be between 18 to 60 years of age for individual or family plans, and 70 years of age for senior citizen plans.
- You must have a valid visa for the destination country (if applicable).
The cost of Bajajallianz travel insurance depends on various factors, such as the type of plan, the duration of the trip, the destination, the age of the traveler, and the coverage options. the average cost of travel insurance is 5% to 6% of your trip cost. For example, for a $5,000 trip, the average travel insurance cost is $228, and the range of rates is from $154 for a basic policy up to $437 for a policy with generous coverage.😊
Bajajallianz’s travel insurance premium is the amount you pay to buy a travel insurance policy from Bajajallianz. The premium depends on various factors, such as the type of plan, the duration of the trip, the destination, the age of the traveler, and the coverage options. Bajajallianz offers different types of travel insurance plans, such as:
- Travel Companion Plan: This is a basic plan that covers medical expenses, personal accident, loss of baggage, passport loss, trip cancellation, and more. It has four variants: Silver, Gold, Platinum, and Diamond, with different sum insured and premium options. The premium starts as a example, 1692 INR – 3477 INR in one time for 10 days trip international travels.
- Travel Elite Plan: This is a comprehensive plan that covers all the benefits of the Travel Companion Plan, plus additional features like emergency cash advance, personal liability, hijack distress allowance, and more. It has four variants: Silver, Gold, Platinum, and Diamond, with different sum insured and premium options. The premium is starting from 620 INR onwards, for 50,000 $ competition 10 days insurance.
- Travel Prime Plan: This is a customized plan that covers specific needs of different travelers, such as senior citizens, students, frequent flyers, and corporate travelers. It has different sub-plans, such as Travel Prime Individual, Travel Prime Family, Travel Prime Student, Travel Prime Multi-Trip, and Travel Prime Corporate, with different sum insured and premium options.
- Bharat Bhraman Insurance Policy: This is a domestic travel insurance policy that covers trips within India, and provides medical and financial aid for emergencies, loss of baggage, delay and cancellation of the trip, etc. It has five different plans, based on the mode of transportation: Plan A for travel by e-commerce cabs only, Plan B for travel by bus only, Plan C for travel by train only, Plan D for travel by scheduled airlines only, and Plan E for travel by other modes/multiple modes of transport. Premium starts from 33 INR only for standard 30 years age people for compensation 50,000 INR it will increase a little as we added more adds on service.
- Pravasi Bharatiya Bima Yojana: This is a special travel insurance policy for Indian emigrants who are going abroad for employment. It covers accidental death, permanent disability, hospitalization, repatriation, legal expenses, maternity benefits, and family welfare benefits. It has two variants: Plan A with a sum insured of $25,000 and Plan B with a sum insured of $50,000.
- E Travel Value Policy: This is an online travel insurance policy that covers medical expenses, personal accident, loss of baggage, passport loss, trip cancellation, and more. It has three variants: Silver, Gold, and Platinum, with different sum insured and premium options.
- Travel Assist Card: This is a travel assistance card that provides 24/7 emergency assistance, medical evacuation, repatriation, and other services. It has four variants: Bronze, Silver, Gold, and Platinum, with different sum insured and premium options.
- Travel ACE (International): This is an international travel insurance policy that covers medical expenses, personal accident, loss of baggage, passport loss, trip cancellation, and more. It has four variants: Silver, Gold, Platinum, and Diamond, with different sum insured and premium options. One time premium will starting from 1600- onwards for $ 50,000 premium for 10 days coverage. 😊
The claim process for Bajaj Allianz travel insurance is as follows:
- You can register your travel insurance claim online, by phone, or by email. You will need to provide your policy number, personal details, and a brief description of the incident.
- You can choose between cashless or reimbursement claim, depending on the type of emergency and the availability of network hospitals or service providers.
- For cashless claim, you will need to submit the minimal documents required by Bajaj Allianz, and they will verify them with the policy coverage. If your claim is approved, they will send a payment letter guarantee to the healthcare provider or the service provider within 2 working days. If your claim is denied, they will send you a denial letter and you can file a reimbursement claim later, this is the alternative option in Bajaj Allianz denied your claim.
- For reimbursement claim, you will need to collect all the original documents related to your hospitalization or expenses and submit them to Bajaj Allianz. They will carry out a verification of the documents and the policy coverage. If your claim is approved, they will release the payment via NEFT in an Indian bank account within 10 working days. If your claim is denied, they will send you a denial letter.😊
Renewal of policy:
To renew your Bajaj Allianz travel insurance policy, you can follow these steps:
- Visit the Bajaj Allianz website and go to your travel insurance policy page.
- Click on renew and read through the existing benefits along with identifying if you want to add other coverage benefits and update the policy.
- Pay for your policy using your preferred payment method.
- Download and save a copy of your policy.
Alternatively, you can also renew your policy by phone or email through your relationship manager like us. 😊
Details about Bajajallianz’s insurance company.
Bajaj Allianz General Insurance recorded a net profit of Rs 1,339 crore for the 2021-22 financial year, which was almost the same as the previous year’s profit of Rs 1,330 crore. The company also reported an underwriting profit of Rs 237 crore and a return on equity of 20.3% for the 2020-21 financial year. 😊
How to buy travel insurance?
Bajaj Allianz offers various travel insurance plans for domestic and international trips, covering different types of emergencies and benefits. You can buy Bajaj Allianz travel insurance online or offline, depending on your preference. Here are some steps to buy Bajaj Allianz travel insurance online:
Mail , message, WhatsApp your relationship manager your requirement, he will find the best insurance premium as per analytics all required data and aspects, and send you the policy quote over e mail, message.
- Enter the details of the trip, such as the number of travellers, travel date, destination country, etc.
- Fill in the personal details of the travellers, such as name, age, contact number, etc.
- A payment link will generate, Review the policy details and premium amount
- Make the payment online using a debit card, credit card, net banking, or other options
- Receive the policy document on your email or download it .
Alternatively, you can also buy Bajaj Allianz travel insurance offline by visiting their branch offices, contacting their agents or POSPs, or calling their phone number. 😊
TRAVEL INSURANCE POLICY EXCLUSIONS
Under all the types of travel insurance in India, the insured won’t get coverage under the following conditions/incidents/scenarios:
Substance Abuse: Alcohol or drugs.
Human-made situations: War, Civil war, Terrorism.
Medical Exclusions: HIV/AIDS, Alternative treatment, cosmetic treatment, pre-existing conditions or diseases, not following doctor’s medical advice, suicide or self-inflicted injury
Baggage or Passport: Loss of passport is not covered under the travel insurance in India when the same is left unattended. Also, if the baggage is shipped separately from the insured, there is no coverage.
The travel insurance policy won’t cover Injuries due to participation in adventure sports.
Find the details of the plane
In the above article I try to present some data about travel insurance and Bajajallianz’s insurance company, who provide low cost travel insurance compare to others, and there claims settlement rates is more then 90%. But this company offers only for Indian citizens.
If you want to make your trip or travel risk free, and want worrying free travel, want to know travel insurance, looking to buy insurance, please contact me in below mentioned address:( commercial purposes only)
Cell phone: 9679894447
E mail: firstname.lastname@example.org, email@example.com