Overseas travel insurance – Types and benefits offered

Travel insurance is among the several key features which you need to consider when planning a either a pleasure or a business trip overseas. This is because your travel insurance will warrant security in an unknown, foreign country when faced with any kind of crisis.

Depending on your requirement and the duration of your trip, you can easily select from among the following insurance covers:

Plans for single round trip: This insurance policy is applicable for a one-time return trip. You may buy this overseas travel insurance policy for a maximum of 180 days and extend it for additional 180 days. under this policy, the premium rate has a slab-based structure wherein you pay a fixed amount for the first 7 days post which payment is on a per day basis. This means that an extension will not dent your travel costs.

Plans for multi-trip: Perfect for frequent fliers, this type of plan allows you to enjoy several trips in a year of fixed duration. With this policy, you do not have to worry about extensions and while the payment of one-time travel insurance premium adds to the convenience.

salt and pepper plan: Designed for senior citizens aged between 71-85 years, this policy offers coverage for a maximum of 180 days. Under this policy, the slab based rate is applicable post which payment is on a per day basis. Thus senior citizens do not lose their hard earned money in case of an extension in their travel plans.

Buying any of the above listed overseas travel insurance is extremely easy and can be accomplished online within a few minutes. With the online mode of purchase, you need not complete any paperwork. Your policy is authorised immediately and you can easily take a printout for use as a legally valid document.

These insurance policies are extremely important from the point of view of medical benefits offered. Keeping in mind the cost of health care in a foreign land, it is wise to look for a travel insurance policy which is comprehensive in case you suffer a health condition which makes hospitalisation important. With such a policy, you can avail get access to premium quality health care under the insurance company’s network of health care providers. With this facility, you can avail of cashless claim by getting in touch with the third party administrator (TPA) in that region. The TPA will process your claim and direct you to the nearest hospital under the network so that you can get the best possible health care.

Several other benefits like loss of passport , loss of checked-in baggage , emergency cash provision are also covered by these policies which ensure hassle-free trip to a foreign country.