As the number of overseas travellers continue to rise, travel insurances have become more and more ubiquitous. Many people, these days, prefer to have a financial backup to cover the uncertainties that are part and parcel of any journey.
However, as customers increasingly become used to the convenience of modern technology, going to an insurance company office may be considered a hassle. Fortunately, the internet offers both the insurer and the buyer an easy way out.
Several major insurance companies provide the option to buy travel insurance policies online. While this is convenient, do note that it is important to read up on every available plan before deciding which to purchase.
Buying insurance online may help you avoid being influenced by the sales talk of the insurance company representative but it also means that you have to do all the necessary research yourself. Carefully read the terms and conditions of the policies to know what is covered and what is not.
Below is a brief outline of the process of buying travel insurance policies online. Naturally, some details, like the terms and conditions of the plan and the required information might vary from insurer to insurer, but for the most part, this is the basic procedure.
Log on to the Website of Your Preferred Insurer
Assuming that you have scrutinised offers from different insurance companies and decided which would suit your requirements best, head to the insurer’s website. Find the link to travel insurances and click it.
In most cases, this will open up a dedicated page for travel insurances and provide you with relevant information. At this point, do note that in their haste to sell you the product, insurance companies may limit the information on this page to key benefits and attractive features.
Since you have already done your research and know the ins and outs of the product, find the link that says buy plan or something similar. This should take you to a page where the process of buying a travel insurance policy online begins.
Provide Policy and Travel Details
The first step to purchasing a travel insurance policy online is providing information about your journey and the kind of policy you wish to purchase. Details of the journey include your destination and travel period during which you require coverage.
The required information on the kind of product you wish to buy often comprise whether the policy is for an individual, family, or group, and if you require coverage for a single trip or for the whole year. Some insurers may also ask for the age of the travellers at this stage.
Select a Plan
The next step is to select a plan that matches your needs. Insurance companies often offer plans of varying degrees of coverage. If you have done your research, you might already have an idea of how much coverage you should opt for. Note that the options might vary between single and annual coverage.
Some insurance companies provide details of a selected plan in this page itself. While this is useful for a recheck, it would not be advisable to skip the initial research and depend solely on the information on this page.
The insurer might also provide you information on any add-on options that may be available. For example, depending on the insurer, you may be provided an option to buy a home-contents insurance policy specifically for the period you are travelling. Other options include coverage for pet-care if your return trips are delayed.
Provide Personal Details
Once you have chosen the plan, most of the hard work is done. The next step is to fill in your personal details in the relevant columns. This could include your name, ID number which could be NRIC, FIN, or passport number, date of birth, gender, phone number, and email address.
Some insurance companies provide certain special offers to their existing customers. For instance, if you already have a life or health insurance policy from the same insurer, you may be eligible for certain discounts. While this could be a decisive factor when it comes to finalising on a particular insurance company, try not to be too enticed by such offers to ignore the other benefits and exclusions.
Summary, Declaration, and Payment
This is usually the final stage of buying travel insurance online. The insurer might give you a summary of the information you have provided and the plan that you have selected. This will help you take a last look at what you are about to pay for.
You may also have to give your consent to the insurance company to use your information for providing the policy, by checking a box. As with every other data the insurance company provides, this too requires a thorough read to ensure you are aware of how your details may be used. Once this is done, you may be able to pay for the policy.
To sum up, the process of buying a travel insurance policy online is rather simple. Select the plan, provide your personal information and details of your trip and pay for the product. However, as a customer, your priority should be to read and understand every single detail about the policy you wish to purchase. This is necessary regardless of whether the policy is bought online or offline but perhaps more so in case of the former since you are not required to interact with anyone during the whole process. However, if anything is unclear at any point, be sure to contact the company and ask about it.