You can purchase travel insurance at any time before the commencement of your journey. However, we advise that you get your travel insurance as soon as you book your reservations. This is because you will have ample time to go through your policies in case you wish to cancel and purchase an ideal one. Moreover, the sooner you purchase, the more benefits you are eligible to avail.
Yes, travel insurance is compulsory for international travel to countries such as:
The Insurance Regulatory and Development Authority of India (IRDAI), which is the governing body for all insurance companies in India, has made KYC a mandatory requirement for the purchase of travel insurance in India. The KYC mandates individuals to comply with regulatory requirements, verification and fraud prevention.
Universally, there is no age limit for travel insurance. However, the age factor comes into play because some insurance companies have an upper age limit, as it is one of the major factors impacting travel insurance premiums. Because the higher the age, the higher the premium.
Yes, travel insurance is refundable as long as travellers do not depart on their trip and must cancel their policy within the free look period. A free look period, also known as a money-back guarantee by some companies, is a boon that comes along with the purchase of travel insurance. During this period, you have 10 to 14 days to review your policy and decide whether you need it or not.
The procedure and documents required to claim travel insurance would vary depending on the policy, coverage, etc., which would be mentioned in your policy document. Mentioned below are a few points to simplify it.
Yes, travel insurance works as it allows you to protect yourself and your loved ones by providing financial assistance in case of unexpected, unfortunate and unforeseen events that may occur while travelling. Travel insurance is ideal for globetrotters who otherwise would not have peace of mind, as misfortune may strike anytime, anywhere while travelling.
Usually, the coverage period is from the day you commence your journey until you return home safely. However, the duration of your travel insurance also depends on the type of policy you purchase. Such as:
Depending on the insurer and the coverage you choose, travel insurance can cover a wide range of risks and unfortunate events that can occur while travelling. Such as:
