Monday, June 14, 2010

Travel Insurance travel needs end here

What is travel insurance?

Travel Insurance is a type of insurance policy designed to protect your health, loss of belongings including passport, delays etc. when you usually travel abroad. It provides peace of mind for you and your family while on your vacation since these unforeseen expenses can often be very large and you may not be in a position to quickly arrange for funds.

Why do I need Travel Insurance?

One usually travels abroad for two reasons- a pleasure trip or a business trip. You do not want anything to ruin your hard earned holiday or your crucial business meeting. But there is a possibility of some unexpected occurrence no matter how perfect the planning is. Unfortunate events such as baggage loss, passport loss, a medical emergency or an accident can affect you. Having Overseas Travel Insurance protects you from all such perils. It ensures that in the unknown foreign land you are not left stranded in any kind of an emergency.

Can I buy Overseas Travel Insurance If I am traveling on an immigrant visa?

Yes, you can buy Overseas Travel Insurance even if you are traveling on an immigrant visa.

What is a TPA?

TPA stands for Third Party Administrator. It is an organization that facilitates cashless medical services, taking care of the hassles of payments in case of medical emergencies. They also provide the necessary information to deal with any claim related queries.

Will my charges be paid directly to the hospital or do I need to pay the bill first and then claim from the company?

It depends on the type of policy you have - if you have the cashless hospitalization cover, you can intimate the insurer or TPA, who will then make the required payments directly to the hospital. Otherwise, you will need to make the payments, and then submit your insurance claim. You will then be reimbursed after your claim has been validated.

Do I need to show an I-Card to get admitted in a hospital that will provide cashless treatment?

No. All you need to show is your passport number and the policy number.

Is loss of passport covered under the travel policy?

Yes, most insurance companies provide cover for the loss of passport. If your policy doesn't include it, you can purchase it as an additional cover. The insurance company will reimburse you for expenses incurred while getting a duplicate or temporary passport.

Are there any restrictions on the hospital where the treatment should be taken?

There are no restrictions on the hospital where you should be treated; the only regulation is that the hospital should be registered under the local jurisdiction.

Is travel insurance provided for domestic travel as well?

Yes. Some companies offer travel insurance for domestic journeys as well. Typically, it provides you with cover for personal accident, ambulance charges, accidental hospitalization, carriage of remains, baggage loss, and home burglary.

Artha Financial Services Ltd., popularly called as Artha Money is financially powered by The Times of India Group. Artha Money is positioned as India’s leading financial supermarket and a one stop solution for a gamut of Personal Finance Solutions across India. We offer a wide array of services including Insurance, Property Services, Equity Trading, Mutual Funds, Loans, etc from leading Banks and Financial Institutions. The company has a presence across Delhi NCR, Maharashtra, Tamil Nadu, Karnataka, Andhra Pradesh and Kerala.

We provide our customers an enriching experience through a winning combination of high tech with high touch distribution, an unprecedented choice of money management solutions in addition to unbiased and transparent guidance and unbeatable convenience.

1. Multi-product, multi-brand proposition - it is our endeavor to provide our customers with the widest choice of financial products and services available in the country. We are constantly forging partnerships and innovating on our offerings to give our customers a complete and enriching experience.
2. A hybrid distribution model - we provide our customers a "high-touch" experience through our own branch network coupled with the internet, alternate channels and remote channels such as phone to ensure that they can access us depending on their specific needs at any particular time.
3. A talented human resource pool - Artha Money treasures a great talent pool, where all employees share common values of Integrity, Passion and Commitment.
A Marketing focused organization - At Artha Money we have a very robust marketing focus that ensures that the organization never loses sight of targeting the right customer at the right time.
4. State-of-the art technological framework - The focus has been on new age and superior technology that will lend success to our business model and ensure that our products are extremely robust and successful.

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