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Understanding The Misnomer: Individual Travel Insurance Plans Renewal

Author: Rimita Desai
by Rimita Desai
Posted: Oct 27, 2016

Individual travel insurance which people generally ignore or people generally buy because of regulatory compliances of the country they are visiting. Though the idea is very simple and the value around it augmented but travelers generally ignore the value of buying one till the time they face a problem. As an individual traveler into a different country or in his domestic homeland might face a lot of problem which you have solve individually but with a travel policy in hand things can be very easy.

The individual travel plans becomes more effective once you have a planned itinerary in place. A planned itinerary can help you to claim for all forms of cover that is available in the policy but if things are not planned you might not be able to take the full benefit. All the insurance plans are generally one time plans which mean the cover is limited to the period for which you would be travelling but comes with two variants.

So if you travel once in a period of 365 days you can opt for a single trip policy but in case if you are a business traveler and you travel multiple times during the period of 1 year you can possibly opt for a multi trip policy. If you look at the present context, buy travel insurance online India have now become a super easy process with the help of online portal from insurers and insurance comparison websites like myinsurancebazaar.com In either of the scenario if you follow the same trend every year whether the same policy stays active for you every time by renewing it every time. This may be question which is bit tricky. When we are talking about individual travel insurance and its renewal, the concept is bit different compared to other types of insurance.

Like in a life insurance you can take one policy and take it for a term of 30 years and continue the policy for the period by renewing it every year and the value of the sum assured remains same over the period or you can get some additional sum assured free of cost as an incentive from the insurer. But in case of individual travel insurance renewal the concept is quite different.

Through online mode the Renew Individual Travel Insurance Plans has becomes super easy You generally don’t renew the policy next time when you travel but you buy a new online.The reasons behind it that the costs which are covered under it keep on changing with travel seasons and tourism traffic. The cost may also vary in case the travel is not planned. So in case of individual travel insurance the term renewal is a misnomer because every time you end up buying a new policy but makes sure you always buy one.

About the Author

Buy Travel Insurance Online, from some of the largest insurance companies in India At myInsurancebazaar.com. You can compare premium & Buy Insurance Online Here.

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Author: Rimita Desai

Rimita Desai

Member since: Oct 29, 2015
Published articles: 67

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