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Basic FAQs

Get the basics of travel insurance right.

Apnainsurance.com Research Bureau

14 Jan 2008

What if I do not buy any overseas travel insurance?

You are taking a big chance by not taking travel insurance when you travel, especially abroad. Travel insurance plans provide cover for the risk you may confront on a trip abroad that includes medical expenses, loss or delay of checked-in baggage, loss of passport, personal accident, and financial emergencies. Moreover, travel insurance is mandatory to get a visa for places such as the U.S.A, Canada, Europe, Australia, and New Zealand.

Now, think about the costs that you may have to bear in the event of an unfortunate incident. It will help you to know about the average cost of medical treatment in the U.S.A against the same in India.


What is a TPA?

TPA stands for Third Party Administrator. They handle insurance claims on behalf of the insurance company. They provide essential services such as cashless hospitalization and 24-hour client servicing.


If I purchase a policy online, how long does it take to receive the policy papers?

A travel insurance policy purchased online can be printed and used as a legally valid document if you need to file a claim. At any rate, you receive a hard copy from the insurance company, usually within seven working days.


What is a Network Hospital?

A Network Hospital is a hospital with which the insurance companies and Third Party Administrators (TPAs) enter into a Memorandum of Understanding, to enable cashless hospitalization for their insured clients.


What do I do if the trip is canceled?

You can cancel the policy and get a refund from the insurance company.


What do I do if my trip is postponed?

The previous policy will be canceled and a new policy will be issued by the insurance company.


How long does it take to get a new policy?

A few minutes. You can even purchase a policy online.


Can I purchase a travel policy online?

Yes you can, using net banking or credit cards. Most insurance companies provide you with the facility of purchasing a policy online and printing it. It works as a legally valid document, even at the time of making a claim.


Can I pay for my travel policy in installments?

Yes. A few companies allow you to purchase your policy online and pay using your credit card; the monthly installments get automatically charged on your credit card and is reflected in your monthly statement.


See Also:

Travel insurance FAQs on claims

Travel insurance FAQs on coverage

Tips to buy travel insurance

Travel insurance exclusions

Travel insurance groupings

Types of claim settlements

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