A travel policy serves the purpose of keeping you protected. Travel policies cover risks during travel, such as loss of passport and personal belonging cover, loss of checked-in baggage etc. Having these risks covered ensures an additional layer of protection against financial loss. It also protects against any loss incurred due to the covid-19 pandemic.
If you are one of those people who must travel even during an outbreak like the coronavirus, you should buy travel insurance online. But in that case, will you be able to obtain one? Will your current policy be effective? We respond to these and other queries for both existing and potential policyholders.
Travel insurance policies typically have exclusions or don’t cover specific circumstances. These include visiting a nation that has been designated a war zone, is undergoing civil disturbance, or is suffering political unrest. Medical and other travel-related expenses won’t be covered in such circumstances. There is also a list of nations where travel insurance is not offered.
Existing policyholders in China or traveling to China after an advisory is issued will be covered for OPD and hospitalization expenses under travel health insurance. *
The policy will not apply if a person travels to a country with health or political advisory issued by the Indian government, local government, or WHO.
What if you become ill while travelling? You will receive coverage if you go to another nation and contract a disease while in transit. You will be protected if you rent an infection while leaving for another country or in transit.*
What if you need to postpone or cancel your trip? Likely, your insurer will only pay your loss from cancelled tickets if you decide to postpone or cancel your trip to prevent the risk of contracting the illness.*
Depending on how frequently you travel, you can buy travel insurance online for a multi-trip or single-trip policy.*
In the event of a single-trip coverage, insurers typically ask you for information about the nation or region you plan to visit. Most insurers might turn down your request for a new travel insurance policy for a trip to China in the current climate.
In light of a government recommendation, we have advised against issuing new policies to China, Hong Kong, and Macau to protect the safety of travelling members and to prevent travel to coronavirus-affected nations. If you need to travel in an emergency and decide to get insurance, the application will be reviewed by underwriters. This will go on until the warning is revoked. Make sure you compare travel insurance before buying.
A travel insurance premium calculator is a convenient tool you can utilise online to check the coverage needed based on your requirements.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.