The unexpected onset of the pandemic had a number of negative effects on those who had made travel plans and reservations prior to the COVID-19 scenario. So the biggest error one could have made was to not purchase travel insurance.
Unfounded assumptions can result in a variety of problems. Many people believe that their travel insurance would cover any mishaps while travelling, but this is almost never the case. Before choosing a plan, the traveller must carefully review the benefits and exclusions of each.
One of the common errors individuals make is assuming they will receive the complete cash if they cancel their plan for any reason. Additionally, depending on the insurer and the chosen plans, the amount that an insured receives in the event of plan cancellation varies.
- Not purchasing from the proper source:
Particularly in light of the present pandemic crisis, reliability is the most important thing to take into account when choosing a travel insurance plan. If you don’t purchase from a reputable company, you can find yourself in a difficult scenario when filing a claim.
If these businesses manage the claim process independently, this needs to be confirmed. In the event of an emergency, will they offer customer service around the clock? Do they have a specialised support group to help clients in case of issues? You can take it into consideration and buy a travel insurance plan from Bajaj Allianz travel insurance if the answer to all of these questions is yes and the plan covers your intended needs.
- Purchasing last-minute travel insurance
Many people choose to purchase travel insurance at the last minute. The majority of people do it to prevent premium loss in the event that they are dubious about the trip. Another common error would be to acquire the plan too late, which might prevent you from taking advantage of all of the benefits of an earlier purchase. Therefore, if you have made holiday plans to Schengen countries in advance, you should choose to purchase travel insurance for Schengen countries rather than put it off till the last minute.
Bajaj Allianz travel insurance will typically remind you repeatedly to make sure that you read the terms and conditions document in its entirety. You can always contact the insurance provider again and request any form of clarification if you have any questions about something in the paperwork.
- Ignoring the terms and conditions
One of those errors that people have been making for a very long time is this one. People still make mistakes like this today by missing the full terms and conditions section, which is crucial for both the benefits and the quote for travel insurance. An insurance policy’s terms and conditions are typically lengthy documents. Nevertheless, it is one of the most important documents you will read while looking for an insurance policy.
- Hiding facts: Hiding facts is one of the most common errors that people make. It makes sense that people would not want to take any chances at all, given what is at stake. If you have been withholding or hiding any kind of crucial information from your insurance company, a lot of things could go wrong.
The conclusion
Before buying a bajaj travel insurance policy, make sure to carefully examine all the terms and features to prevent any unpleasant surprises when filing a claim. To prevent any issues in the future, one must also have any policy documents close to hand. Additionally, one should choose to purchase the insurance policy from a reputable and trustworthy insurance provider or an insurance broker to experience the benefits of travel insurance.
* Standard T&C Apply
** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.
# Visit the official website of IRDAI for further details.
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
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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.
