• 30
  Sep
  2009

• Annual multi-trip international travel insurance policies

  
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For travellers who frequently go abroad either for business or leisure, domestic insurance coverage is not sufficient. In addition, it would be difficult, time-consuming and also expensive to purchase international travel insurance policies for every trip.

This is the typical scenario under which people opt for annual multi-trip international travel insurance plans. Coverage is available for both families as well as groups. Individuals need to check the medical insurance benefits and evaluate whether the coverage benefits would suit all the members insured under a single plan. This is because group insurance policies offer uniform benefits for all the insured members of a single policy.

Most of the annual multi-trip insurance plans with worldwide coverage also offer benefits in the home country also. However, it is best to check with the insurance provider whether there are any specific restrictions for coverage in the homeland.

Annual multi-trip international travel insurance plans are typically beneficial for individuals, families or groups who travel abroad more than twice a year. Instead of buying individual single-trip policies for each travel, you can save a lot of money by buying comprehensive annual multi-trip policies.

• 29
  Sep
  2009

• Air Travel Insurance

  
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Air travel insurance is popularly known as flight insurance. This is a short term insurance policy providing accidental death and dismemberment benefit for the insured if he or she is mailed or killed during the flight boarding, travel or deplaning. The benefits of this policy are reimbursed to the beneficiary mentioned in the application form.

Air travel insurance should be purchased prior to travel departure and is valid till the insured deplanes the flight. This insurance plan can also be purchased as a part of a comprehensive blanket international travel insurance plan with health insurance, baggage cover and trip cancellation benefits.

Air travel insurance provides coverage only for commercial flights and not private aircrafts. The insurance reimbursement amount varies among different insurance providers. These policies are generally affordable with low premiums rates. You can also insure a family or a group under this short term insurance plan.

This policy can be instantly purchased in many international airports at automatic kiosks where you enter the details of your flight and pay with your credit card. It is generally a preferred option among travellers who make frequent international trips for business purposes.

• 23
  Sep
  2009

• Pre-existing medical conditions - an overview

  
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Pre-existing medical conditions refer to those illness, injuries or medical disorders that exist at the time of applying for an international insurance policy. Interestingly, if you witness some symptoms of a health disorder even before the travel insurance policy comes into effect, even these symptoms fall into the pre-existing medical conditions.

It is vital to be open about the current health condition of the individual while applying for the international travel insurance as the insurance providers have the right to deny the claim at a later date if they find that the insured has hidden the fact.

The insurance providers generally insist that the individuals should get a certificate from the doctor about the fitness to travel while applying for international travel insurance with pre-existing medical conditions.

Many of the insurers exclude offering coverage benefits for such pre-existing conditions to discourage individuals to apply for insurance only when there is a medical emergency. Some of them offer coverage after a waiting period if the condition of the insured remains stable. However, the premiums charged are higher.

• 22
  Sep
  2009

• Trip Cancellation Insurance – Tips to buy

  
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While buying a trip cancellation insurance, you need to ensure that your advance un-utilized amount needs to be reimbursed to the maximum. This may include flight tickets, advanced travel package reservations, hotel accommodation bookings and other non-refundable deposits you incurred before travel.

Some of the plans also arrange for economy transport of the insured in case the trip gets interrupted in the middle.Look for the circumstances under which the insurance company would reimburse the financial losses in case of trip interruption and cancellation. If the claim does not fall under the specific valid coverage reasons, you claim may be rejected. “Cancel for any reason” benefit comes with lesser restrictions than “named peril” coverage where the reimbursement circumstances are pre-determined.

About 75 – 90% of the pre-paid deposits would be reimbursed.Look out for conditions under which pre-existing medical conditions would be waived. For example, if the trip cancellation insurance is purchased within 10 – 21 days of initial travel deposit, the insured may eligible for coverage of pre-existing medical conditions also!

Since there are no specific pre-defined industry standard benefits for the trip cancellation insurance policy, you need to specifically look into your coverage needs before purchasing such a policy.