Travel insurance at Bajaj Finserv Markets

1. ULTIMATE TRAVEL INSURANCE GUIDE What is Travel Insurance? Thinking of globe-trotting alone, seeking education abroad or planning a holiday with family? Safeguarding yourself and your family against the uncertainties of life is important. And that's what travel insurance does for you - take the stress out of travel! Reasons to buy Travel Insurance Deal with Medical Emergencies - With more than 4000 calls each year from our global partners, we have observed that medical crisis tops the list when it comes to travel related issues! Coverage against Flight Delays - In 2017, more than 1.1 million U.S. domestic flights were delayed and 2.4% cancelled. With the right insurance plan, get reimbursement anytime, anywhere. Coverage against Loss/ Delay of Baggage - In 2016, airlines across the world mishandled 21.6 million bags — they were lost or temporarily misplaced! A good travel insurance plan covers you against such mishaps. Country/Visa Requirements - Certain countries require travellers to have an insurance plan in place before embarking on trips. For students travelling abroad to study, having an insurance plan is a university mandate. Coverage against Man-Made/ Natural Calamities - With more than trillion dollars lost due to natural/man-made calamities, having an insurance plan when travelling to countries prone to such disasters is important. Coverage against Missed Flight/Trip Cancellation - Between January and April 2017, 5.12 lakh domestic passengers in India faced issues due to airline companies denying boarding, as well as flight cancellations and delays. Advantages of Buying a Travel Insurance Policy Travel insurance can often seem like an unnecessary and boring thing to buy before you take off to another country. The question that often pops up is – why spend money on something that may never happen? However, expensive holidays do come with surprises and these could be trip cancellations, medical emergencies, loss of possessions, etcetera. That’s why you should always consider buying a travel insurance policy before you prepare yourself to explore a new country. Below are some key points outlined to help you understand the advantages and importance of travel insurance. 1

2. Cancellations - Travel insurance will cover cancellation costs like accommodation, car hire and transport that you wouldn’t otherwise be able to recover from other sources like your tour operator. However, it’s important for you to read your policy and understand what exactly is covered in order to avoid any last minute confusion. Emergency Medical Expenses - Illness or injury can happen at moments when you least expect it. Imagine, you are abroad and you encounter an accident or fall terribly sick. In such situations, you will most likely have to pay for your treatment, which can be an expensive affair. This is where your travel insurance policy comes into play. It will not only pay for all your medical fees, but also arrange for transportation. Loss of Travel Documents and Personal Possessions - Some of the most annoying travel experiences involve losing your personal possessions like passports or baggage. With travel insurance you could cover the costs of all these problems, but you must check your policy thoroughly and read the clauses to get a better understanding. Student Medical Cover - If you are a student planning to go abroad for higher studies, you should definitely consider buying a student travel insurance plan. It covers your medical expenses and damage to laptop while you are studying in a foreign land. At Finserv Markets, you will find a plan that offers reimbursement of tuition fee in case of medical exigencies. Home Burglary Cover - When your entire family is going on an international vacation, then it’s important to keep your house protected. A family travel insurance plan covers unexpected events like a house break-in or a home burglary. When you buy travel insurance policy from Finserv Markets, you get a home burglary coverage of up to Rs. 3,00,000 which helps you travel in a new country without any worries. Activity Cover - When traveling abroad, most people love to participate in activities like jet skiing, bungee jumping, sky diving, etc. Though these activities sound exciting they do come with a lot of risks. Most travel insurance plans do not cover such activities. You could face heavy medical expenses in case you happen to get injured whilst participating in such activities. Whenever you go in for an online travel insurance policy, make sure to check for exclusions in your travel insurance plans as many plans may not cover you for things you need. It’s always advisable to read your travel policy thoroughly before you purchase it or seek an expert’s advice to avoid any confusion. Factors to Consider Before Buying a Travel Insurance Plan For several years in the past, people did not think of buying travel insurance before embarking on an international trip. However, considering the inconvenience one can suffer due to a misplaced bag or a lost passport, more and more people are realizing that travel insurance is required while traveling to another country. Today, travel insurance plans have become the need of the hour. Many insurance providers have started offering travel plans to ensure that travelers and tourists can enjoy every trip to the fullest. 2

3. Before you browse through all the available options and pick your travel insurance policy, there are a few important things to consider. 1.How Often Do I Travel? - Typically, individuals purchase a single insurance plan for every trip. However, since a lot of people travel a few times a month due to work, there are new travel insurance plans available that offer insurance for a longer time frame. Depending on how often you travel, you can choose to purchase a one-time policy or a long-term policy that will cover you for multiple trips. 2.How Long Is the Trip? - Logic dictates that the longer your trip is, the more cover you will need. Insurance providers will calculate an approximate per day cost and let you know the amount of coverage that you would need for your trip. Moreover, your premium will be directly dependent on the length of your trip. 3.Your age and any pre-existing medical conditions - As with most insurance policies, your age is one of the factors that the provider will consider before deciding on how much coverage you will need or what kind of premium you need to pay. The older you are, the more you’re likely to shell out. Additionally, if you have a pre-existing illness, there may be certain terms and conditions attached to your policy. The same will have an impact on your premium as well. 4.Where Am I Going? - If you’re traveling locally or within South Asia, your cover amount and premiums will be significantly lower than if you’re heading to America or Europe. This is simply because the cost of medical treatment or necessary items will be higher in European and American countries than in Asian nations. Once you’ve thought about the kind of cover you need, you can go ahead and browse for travel insurance plans online. Purchasing an online travel insurance policy with Finserv Markets is quick, easy and extremely convenient. With an insurance policy in your bag, you can head off on your next holiday with complete peace of mind. To get more travel insurance tips on how to buy travel insurance online and how to select travel insurance plans that are right for you, head to Finserv Markets today! Do’s and Don’ts that will Save Your Money on Travel Insurance For a little extra cost, a Travellers Insurance offers financial protection against various travel risks. However, given the heavy costs associated with travel (especially foreign travel), shelling out extra money for Travel Insurance can feel burdensome. But despite the extra costs, taking up Travel Insurance is unavoidable. Here are some do’s and don’ts that will help you save money on Travel Insurance: – Let’s start with the Do’s: 3

4. Go through the Policy Before Buying one - Unexpected costs are the last thing you need when you are travelling. So make sure to read the fine prints of your Travel Insurance policy which lists out the inclusions and exclusions. If you have bought Overseas or Foreign Travel Insurance, ensure that it covers the cost of medical emergencies abroad. Compare Policy Quotes - If you want to get the best coverage at the best price, it is important to compare Travel Insurance policies before buying one. Settle for a policy that offers a wide coverage at a reasonable price. Do not, however, consider price as the primary criteria while comparing Travel Insurance policies as the extent of coverage is more important. Buy Travel Insurance as Soon as You Book Your Trip - The prices of Travel Insurance generally shoot up as your date of travel edges closer. Hence, it best to buy Travel Insurance as soon as you make reservations for your trip. Let’s Have a Look at The Don’ts: - If you’re a Frequent Traveller, Don’t Pay for Single Trip Plan - People often make the mistake of taking Travel Insurance for a single trip when they are planning to make multiple trips in a year. If you are a frequent traveller, opt for an annual Travel Insurance policy to save costs. Don’t Forget to Mention Your Medical Conditions, If Any: - If you don’t disclose pre- existing medical conditions which existed before the coverage period, your Travel Insurance may not cover any expense related to the treatment of that condition. So make sure to disclose any such medical conditions before buying a Travel Insurance policy. Don’t Just Cling on to Free Insurance - At times, the Travel Insurance plans offered by banks and credit cards provide limited coverage. So make sure to go through the fine prints of the document of the free travel policy thoroughly. If you feel the coverage is inadequate, you should opt for an additional Travel Insurance plan to be on the safer side. There’s no denying the fact that the peace of mind offered by Travel Insurance is indeed worth every penny spent on it. While you can surely save money on Travel Insurance by following these tips, don’t save money at the cost of proper coverage. Inadequate coverage for a low cost is as good as no Travel Insurance. With a Bajaj Travel Insurance policy, you get the best of both worlds i.e. a wide coverage at a reasonable cost. So don’t think twice, buy Bajaj Travel Insurance online from Finserv Markets and enjoy your vacations to the fullest no matter what! 4 Tips to Avoid Travel Insurance Claim Rejection The primary purpose of buying a Traveller’s Insurance is ensuring that you receive monetary compensation for unexpected financial losses that could occur during a trip. Overseas or foreign travel insurance plans are quite expensive and not being able to claim the same can cause a great deal of disappointment. Here are four useful tips that will help you avoid travel insurance claim rejections: – 4

5. Waiting Too Long to File a Claim - Most of the travel insurance providers require you to inform them of any claims within 24hours of the incident. Failing which, your claim could be rejected. For instance, if you fell ill during a trip and had to seek treatment abroad, you must inform your insurance provider immediately via phone call or website. However, if you file for a claim after returning from the trip and are not able to produce any proof of your treatment abroad, your claim will be rejected. Avoid Exaggerating - At times, policyholders attempt to exaggerate the details of an illness, injury, theft or loss, in a bid to get some more money from the insurance company. However, insurance companies scrutinize every detail meticulously. If the insurance company finds out that you have overstated any incident in your claim application, it will be rejected immediately. So, don’t go overboard, be honest while filing a claim and make sure to furnish enough proof to support your claim. Claiming Without Understanding the Policy Limit - Every travel insurance policy comes with a claim limit for each type of coverage. If you apply for a claim beyond this limit, your claim will be rejected, or you may only be reimbursed partially. So, if you are packing for a trip, avoid including expensive items like jewellery or expensive gadgets as the entire cost may not be reimbursed in case of baggage theft or loss. Also, it’s a good idea to document your bag contents with images and receipts. Failing to Provide Adequate Documentation- When you apply for a travel insurance claim, it’s imperative to support your claim amount with adequate documentation. Supporting documents such as medical bills, boarding pass, flight details etc. have to be submitted with the claim. The list of documents required for a claim is generally mentioned in the policy documents. Hence, read your travel insurance policy documents carefully to know the supporting documents required for successful claim settlement. If you follow these tips, you will surely be able to file your travel insurance claims successfully. However, it’s important understand the policy wordings and the claim process beforehand in order to avoid disappointment later. With Bajaj Travel Insurance Plans, you can always be assured of quick and hassle-free claim process thanks to their in-house claim settlement. To buy or know more about Bajaj Allianz Travel Insurance Claims visit Finserv Markets now! 5