Tips to Follow When Buying Travel Insurance for Singapore
Singapore, in the last few years, has become one of the most sought-after holiday destinations, especially for Indian travelers. Singapore is an extremely well planned and clean country. It has something for everyone. There are tall buildings, some amazing architectural marvels like Marina Bay, a calm Sentosa Island, and you can have some fun and frolic at the Universal Studios or indulge in retail therapy at Orchard Road. When travelling to Singapore, a travel insurance plan is a must as it will cover you against any emergencies and let you completely focus on enjoying a fantastic holiday. Travel insurance will cover you against any hospital bills and also for any interruption or cancellation of the trip, and emergency cash advance, apart from some other important benefits.
What Tips Should You Follow When Buying Travel Insurance?
When buying travel insurance for Singapore, there are some important tips which must be kept in mind.
Understand the Policy
There are various terms in a travel insurance plan which might be confusing for a layman. Thus, it is important to understand and read the policy carefully and know the exact coverage and exclusions and have a basic understanding of some other aspects like deductibles. A good and thorough knowledge of the policy will help you avoid any problems when on a holiday.
Thorough Knowledge of Exclusions
There are many people who buy travel insurance as a mere formality and do not pay any heed to the coverage provided. It is a must to read the policy and know the coverage and not just buy the cheapest policy possible. The exclusions and inclusions of a travel insurance policy are a must as there is no point of travel insurance if you are stranded in another country. Some plans have restrictions on activities etc. and thus, this must be checked and if needed, an add-on cover must be taken.
Check Medical Costs
One of the main emergencies that one wants coverage for is a medical one. Singapore has high medical costs and one must be careful to have a high sum insured so that there is adequate coverage. Just to save money, being under insured is not advisable, as in case there is an emergency, you will end up spending a lot of your savings.
Understanding the claim process of your insurer is a must as this is what will be needed in case of an unanticipated situation. A simple claim process is a must and what is more important is to be clear on how to go about things. Ensure that all the personal details mentioned while taking the plan are correct, as incorrect details can result in claim rejection. Having the right toll-free numbers handy and knowing other formalities, is a must when buying a travel insurance plan.
Singapore is a beautiful country with lots to do. However, any emergency has the potential to ruin a holiday. The main idea of a travel insurance policy is to have a stress-free holiday. Thus, keeping these tips in mind and getting a good and comprehensive policy is a must.
The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.