How to Calculate Premium for a Travel Insurance Policy?-travel-insurance

It goes without saying that a travel holiday insurance policy is a must when travelling. Travel policy offers protection from unforeseen contingencies during travel such as a medical emergency (travel health insurance), loss of passport, loss of checked-in baggage, trip cancellation etc. allowing a pleasant, worry-free travel experience. But how much does it cost? What is the premium for a travel policy for your specific trip? Internet-based online tools known as a travel insurance premium calculator gives you a tentative idea of the cost of travel policy. It provides an approximate figure when required particulars are keyed in helping one budget for a trip. One has to provide destination details. It has several options under this section – whether one is travelling to Europe/Schengen country or US/Canada etc. One is also required to mention whether insurance is required for a single trip or multiple trips. Details of the number of travellers for whom insurance is required and tentative travel dates are to be given. It next asks for personal details of travellers like their gender, date of birth, annual family income, city of origin etc. Finally, after filling in all these details, the travel insurance premium calculator displays the approximate premium amount that one will have to pay for a travel policy for the desired destination and travel dates. It also facilitates in travel plan comparison and procuring the best travel policy from a host of insurance providers. Claims Process for Travel Insurance It is important to get a comprehensive travel insurance cover before commencing travel. One should opt for features that will cover likely travel related contingencies specific to one’s travel. This will prevent disappointment later when filing for travel insurance claim. Always carry the main policy document when travelling. It is advisable to have photocopies of the document handy in case one loses the original copy. Keeping a PDF soft copy of the document is also a good idea. One can store it online, in email, on a pen drive or computer or on the mobile phone. In case of an emergency during travel, one should call or email the travel insurer to understand the claims process including supporting documents required specific to one’s case. The insurer’s contact number – customer care number (generally a toll-free number) and email address are always clearly mentioned on the policy document. One may have to call the contact number of their international partner if travelling abroad. One is then required to send supporting documents to the insurer by post, fax or email. Relevant documents like passport with immigration stamp, claims form, copy of policy, original bills and receipts, police report (if applicable), personal identity proof should be kept handy. Upon submission of claim including all required documentation and proof, it is assessed by a surveyor appointed by the insurance company and processed accordingly. Compare Travel Insurance Online PolicyBazaar provides you with a quick and reliable online platform to compare travel insurance quotes offered by leading general insurance companies in India. You can instantly view and compare travel insurance premium with assured assistance in unforeseen situations, such as trip delay or cancellation, loss of complete or part of checked-in baggage, etc. Compare travel insurance online at PolicyBazaar and enjoy the following benefits: Easy travel plan comparison. Make an informed choice by getting quotes for travel policies online. Avoid confusion and find the plan that suits your specific requirement. Travel plan comparison and assess to features and benefits of various plans side by side. Save money and time. Buy hassle-free and instantly. Guaranteed safety and peace of mind.