Outlook Money Outlook Money, April 2018 | Page 40

Cover Story Better Safe than Sorry: Insure Before Travelling There is a range of products available in the market to insure against the risks and perils that come with the travel. Suyash Desai lists out details of travel policies that can come to your aid in an emergency ICICI Lombard Travel Insurance Products offered: 1. Single Trip Insurance Policy Coverage 2. Gold Multi Trips Policies include: Total loss of checked-in baggage (including handbag) Personal accident Medical benefits (including evacuation cost) Loss of passport Emergency cash advance Missed flight connection Political risk and catastrophe evacuation Policies exclude: Claim due to pre-existing medical condition/ailment whether declared or undeclared Addiction to alcohol and drugs Mental disorder and depression Venereal diseases Sexually transmitted diseases like HIV/AIDS Radiation (nuclear weapons- induced) Sporting activities Expenses arising out of loss of valuables, money, tickets etc The Costs: Total premium for the sum insured of $250,000 is `2,297 Total premium for the sum insured of $100,000 is `2,002 Total premium for the sum insured of $50,000 is `1,203 (The above package is calculated for a 38 single traveller in the three months-50 years age group, inclusive of taxes. The premium is calculated for a trip to the US and Canada.) Bajaj Allianz Travel Insurance Products offered: 1. For Individuals 2. For Family 3. For Students 4. For Senior Citizens 5. For Domestic Travel Policies include: Medical expenses (individual and family) Loss/delay of checked baggage Cashless service for medical expenses abroad Loss of passport Emergency cash advance Automatic claim settlement service for customers through one-stop platform,Travel Ezee Home burglary insurance Policies exclude: Pre-existing medical condition/ ailment whether declared or undeclared Routine physical or other examination Medical expenses beyond the expiry of the policy period Suicide, attempted suicide or wilful, self-inflicted injury Mental disorder and anxiety Venereal disease, alcoholism or drugs abuse Manual work, hazardous occupation or engaging in any Outlook Money April 2018 www.outlookmoney.com criminal or illegal act Pregnancy, miscarriage, abortion, among others The Costs For 25 years male, total premium for the sum insured of $500,000 for Travel Prime plan is `1,668 and Travel Elite plan is `1,539 For 25 years male, total premium for the sum insured of $200,000 for Travel Prime plan is `1,426 and Travel Elite plan is `1,289 For 25 years male, total premium for the sum insured of $50,000 for Travel Prime plan is `1,257 and Travel Elite plan is `1,115 (The above is exclusive of taxes. Worldwide tour includes the US and Canada) Tata AIG Travel Insurance Products offered: 1. Travel Guard 2. Asia Travel Guard 3. Domestic Travel Guard 4. Student Guard - Overseas Health Insurance Plan Policies include: Compensation for lost baggage Compensation to buy essentials, if baggage arrival is delayed Compensation on burglary or attempted burglary Reimbursement for duplicate or new passport Distress allowance for every 24- hour period, if flight is detained by hijackers Compensation for accidental death or injury during the trip