Travel Insurance Blogs

Travelling is an exciting adventure that allows us to explore new destinations, experience different cultures, and create lifelong memories. However, planning a trip requires careful consideration, especially when it comes to managing your finances and ensuring your safety.

In this article, we will discuss four must-know money-saving travelling tips and highlight the importance of travel insurance as a must-have. So, let’s dive in!

Budget Travelling: 5 Important Money-Saving Tips

#1. Plan and Book in Advance

One of the best ways to save money on your travels is to plan and book in advance. Airlines, hotels, and even tourist attractions often offer discounted rates for early bookings. By taking advantage of these deals, you can significantly reduce your travel expenses. Additionally, planning ahead gives you the flexibility to compare prices and choose the most affordable options.

#2. Travel During Off-Peak Seasons

Another effective money-saving tip is to travel during off-peak seasons. Popular tourist destinations tend to be more expensive during peak times, such as school holidays or major events. By opting for less crowded periods, you can often find better deals on accommodation, flights, and even local attractions. Not only will this save you money, but you’ll also get to enjoy a more relaxed and authentic experience.

#3. Use Price Comparison Websites

When booking flights, hotels, or rental cars, it’s crucial to compare prices across different platforms. Price comparison websites can help you find the best deals and discounts available. These websites aggregate information from various travel providers, allowing you to make an informed decision based on price, quality, and customer reviews. Always remember to read the terms and conditions carefully before making any reservations.

#4. Embrace Local Cuisine and Transportation

Food and transportation can be significant expenses while travelling. To save money, consider trying local cuisine instead of eating at touristy restaurants. Street food stalls and local markets often offer delicious and authentic meals at a fraction of the cost. Similarly, opt for public transportation or explore the city on foot instead of relying on taxis or expensive tours. Not only will you save money, but you’ll also get a chance to immerse yourself in the local culture.

#5. Don’t Forget Travel Insurance

Now that we’ve covered money-saving tips, it’s essential to discuss the importance of travel insurance. Travel insurance provides financial protection and peace of mind in case of unexpected events during your trip. Here are some key benefits:

• Hospitalization resulting from accidental injury or sickness: If you require medical treatment while travelling, travel insurance can cover the expenses, including hospital stays, medications, and emergency medical evacuation if necessary.
• Flight Cancellation: In the event of a flight cancellation or delay, travel insurance can reimburse you for the costs incurred, such as alternative transportation and accommodation arrangements.
• Loss or theft of Baggage: Losing your baggage can be a nightmare, but travel insurance can provide compensation for lost or stolen belongings, helping you recover the financial loss.
• Loss or theft of Passport: If your passport gets lost or stolen,  can cover the expenses involved in obtaining a new one, including emergency travel documents and passport replacement fees.
• Trip Cancellation: Sometimes unforeseen circumstances may force you to cancel your trip. With travel insurance, you can receive a refund for pre-paid expenses, such as flights and accommodation, ensuring that you don’t lose your hard-earned money.
• Home Burglary Insurance: It is a type of insurance that keeps your home protected while you’re away from home. It helps you in case someone breaks into your house and takes or damages your things. If you have this add-on insurance, the company will give you money for the items that were stolen or damaged during the burglary, but it only applies if the incident occurred in your home in India.
• Compassionate Visit: During your travel, if you get injured or sick and need to stay in the hospital, this insurance covers the cost of bringing a close family member to be with you. The doctor must confirm in writing that your family member’s presence is necessary, and the insurance company needs to approve it. They will reimburse the actual cost of a basic flight ticket for your family member to travel directly to you. However, the reimbursement amount cannot exceed the maximum coverage limit of the insurance policy. In this case, “family member” refers to your spouse, parents, siblings, and in-laws. This benefit is only applicable if your hospitalization is covered under the Medical Expenses and Medical Evacuation section of the policy.

—

In conclusion, as you embark on your next travel adventure, remember to prioritize both your financial well-being and your safety. Implement the money-saving tips shared in this blog, plan ahead, and make informed decisions. And above all, don’t forget to invest in travel insurance from a trusted insurance consultant like Elephant.in. By doing so, you’ll not only save money but also have the peace of mind to fully immerse yourself in the wonders of the world.

Bon voyage!

EL/02/23-24/89

Are Adventure Activities Covered In Your Travel Insurance Plan

Travelling is a passion for many people. Some like to discover new places with their scenic beauty while some love to explore new cultures. Some travel lovers like to taste different flavours attached to different cultures and some are passionate shoppers. Every aspect of travelling is so much exciting and full of adventures, that if one loves to travel, he is sure to get so many new and thrilling experiences during their trip. 

But we cannot ignore the bunch of risks and losses associated with it. Experts stress overtaking some basic precautions to avoid any kind of unlikely incidents. Travelling can be local, domestic, or even any abroad location. But who likes to experience any kind of unpleasant incidents while their trips. 

What is Travel Insurance

Most people, before travelling, plan their trips and their stays, etc through travel agents. The agencies that help in the total travel planning- from tickets, hotels, dining, and places to visit, charge a good amount but sort out the complicating researches and bookings that can take a lot of effort and time. The travel agents are then responsible for the availability of tickets, hotel rooms, and conveyance if needed. 

But nowadays many travel agencies, as well as insurance companies, provide travel policies that cover the insurance regarding the costs and any type of losses that occurred during the trip. It is very helpful for a person who is planning multiple destinations and wants to be safe and tension-free regarding the schedule, and all the planning aspects of travel.

Most of the companies that sell tickets for different domestic as well as foreign destinations, provide an option to the customers to buy a travel insurance cover also. They offer a number of plans and covers with a range of pricing that covers different types of insurance coverage. These insurance policies cover a lot of losses like damages related to baggage, medical covers, accident covers, or even death covers. 

The insurance providers can also offer compensation for the passport loss and reschedule the cancelled flights. You don’t have to worry about the cost and availability planning. The insurance covers all these aspects without any worry.

The Claims Regarding the Travel

The insurance covers are available in a range of costing and benefits depending upon the plans and destinations also. The covers can be for one person, or a family even. Some travel agencies have compulsory insurance covers that include in the booking process. But some are those who have the option available with or without the insurance cover. 

The cost can be variable for different companies according to their costs and benefits provided. One who is going to buy the insurance policy should read the cover statements and the manual documents very carefully before the travel starts. Many agencies provide covers on an annual basis or trip-wise. Some travel insurances are also provided by credit card if bought through them.

Insurance Plans to Cover the Adventure Activities

Most of the trips with destinations abroad are purposefully planned to experience the adventures of exciting activities like bungee jumping, ice-skating, mountaineering, river-rafting, etc. most the young travellers love the excitement of these kinds of adventures. But the point is that the risks associated with adventure are also bigger. 

Sports-based travels should be well planned and covered by travel insurance. The insurance covers for adventurous trips are different so the travellers need to check the options or discuss the travel plans and the type of covers needed, with the insurance providers. 

The sports activities with higher risks include paragliding, surfing, skydiving, trekking, etc., not all insurance covers the benefits associated with the sports activities. So the travellers should ensure their travel insurance claims to cover the medical as well as other risk factors covered in their plans.

If you are thinking about why it is essential to have travel insurance, you are on the right page. We have got you covered by covering some tips and telling you how to prevent it from losing. Lost luggage happens, and it sucks, but it doesn’t have to be the end of the world. Complaints of lost luggage have indeed dropped considerably over the last several years, but that doesn’t mean it doesn’t still happen. Sure, you could refuse to check a bag and vow to travel only with a carry-on, but that won’t work for all passengers,

Tips to prevent losing your luggage on a foreign trip:

1. Give yourself some time to connect

This is the first step to learning why it is essential to have travel insurance. You need to ensure you have plenty of time built into your itinerary to go from your arrival and departure gates if your trip involves a connecting flight. Your bag may not have adequate time to make the connection, and nobody wants to hang around the airport longer than necessary, but if you cut it too close.

2. Luggage Tags Are a Good Idea:

But if yours does not, make it a priority to attach one before departing; most luggage will already have some sort of ID tag dangling off the handle. It is easier to determine the exact location of your bag with tags with unique QR codes or embedded microchips. Experts at travel insurance India advise you to include only your email address and telephone number on your bag.

3. Place Your Itinerary and Contact Info Inside Your Bag:

Besides having your travel insurance in India, you can also include a printed copy of your complete travel itinerary inside and contact information inside your bag, on top, where it’s easy to spot. That way, airline staff won’t have too much sleuthing to do should they need to forward your lost bag to you.

4. Check-in Early to Avoid Luggage Being Delayed or Lost:

Baggage is undoubtedly a biggie, along with the reasons why the airlines suggest passengers arrive several hours before departure. It takes some time for baggage handlers to transport all those bags from the check-in drop off all the way over to the aeroplane.

You can also include travel insurance cover in your luggage, so there is no much confusion.

5. Consider Shipping Your Luggage:

If you have travel insurance cover, you can indeed include this option as airlines offer some protections when bags are lost, but collecting on a claim against your carrier can require a lot of time and energy.

6. Take a Pic, and It will Last Longer:

When you lose a bag, the airline will ask you to complete an itemized list of your bag’s contents, along with the monetary value of each item. If you just want photographic evidence, snap a quick pic of your bag’s content if your memory isn’t as sharp as it once was.

One of the best ways to secure your family from various health issues is health insurance. But as per studies, less than one-fifth of Indians take advantage of health insurance plans. Even travel health insurance is essential. The only reason 70% of healthcare costs are borne by Indians from whatever savings they possess is because of hesitation and indecisiveness to invest in the right policy. Experts say that senior citizens suffer the most, as neither do they have health insurance nor keep enough savings to meet medical needs.

Some myths about travel health insurance are:

1. My parents are healthy, and they do not need health insurance

As people grow old, their body becomes fragile and become susceptible to various illness. Many medical studies have proved that an old-aged person’s health is as delicate as a child’s. You must be extremely careful about your parents’ health and take the necessary precautions to keep them healthy. It is paramount that you buy medical insurance for them. Even if your parents (who are senior citizens) show no sign of any health issues right now, their condition can change quickly.

2. Family Floater Insurance Policy will offer enough cover

When it comes to buying domestic travel insurance in India, people say a family floater insurance policy generally covers all the family members, including parents, spouse, and children but here, if you make any claim because of illness to any of your family members, the sum insured is reduced, which means there will be only limited coverage for the elderly members of your family. It is best to buy separate health insurance for elderly family members to avoid all situations.

3. Senior citizen health insurance is expensive

Ideally, people buy health insurance domestic travel insurance in India and cover the treatment expenses that they may incur in the future. You can safeguard your savings and finances today so that you can provide the best medical care and treatment to your parents in the future. Undoubtedly, the cost of medical insurance for senior citizens is slightly higher than the cost of insurance for non-senior citizens, but it is not extremely expensive.

4. The senior citizens in my family have medical conditions; they cannot be covered under health insurance:

It is one of the most common misconceptions people have about senior citizen health insurance and Travel Insurance for Seniors. The majority of people avoid buying health insurance for the family elder most, mainly because they believe that their pre-existing illness would not be covered under the plan. You can get a health cover for your parents if the insurer you choose is willing to cover the pre-existing disease. You need to ensure that you thoroughly research the insurance companies that provide coverage for pre-existing conditions before approaching the insurance.

Hence, as you know all the myths regarding Travel Insurance for Seniors, make sure that you make an informed buying decision.