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All You Need To Know About Travel Insurance Claims

10

Feb, 2012

All You Need To Know About Travel Insurance Claims

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Travel insurance is as important as any other travel accessory you would need while planning a trip overseas. Travel-related risks can be many and the cost of securing yourself against these risks is relatively small. For instance, if in an unfortunate event of hospitalization in a foreign country, the expenses can be huge. But if you have a travel insurance plan, the policy will take care of the financial burden of the illness. In addition to medical expenses, evacuation and repatriation, you can also make a claim on your travel […]

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What if I return before the last-day of my policy period (trip curtailment)?

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In case of an early return of the insured person, before the expiry of the travel insurance policy period, the company will refund the premium at the following rates, subject to no claims being incurred on the travel policy. Period of Risk Rate of Premium Retained by Company Above 50% of Policy Period 100% of Premium Between 40-50% of Policy Period 80% of Premium Between 30-40% of Policy Period 75% of Premium Between 20-30% of Policy Period 60% of Premium Policy inception-20% of Policy Period 50% of Premium The travel […]

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