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Buying
Guide

Tips for Buying Medical Insurance
Health Insurance


1. Be honest about your medical history at the time of buying a policy.

2. Start buying medical cover before you turn 40, as insurers generally don’t insist on a medical check-up for individuals below that age.

3. Don’t buy a very high cover in your early years, especially if you are in good medical shape. You can increase your cover with age.
4. If you plan to buy medical cover for other family members, taking it along with your policy will entitle you to a family discount.

5. If your employer is providing a good deal as compared to your personal one, go for it.
6. Always declare your existing ailments, never hide.

7. Before Buying, always check your household's current and projected health care needs.
8. Once you have determined what type of coverage you need, search for the best price and terms.
9. Always read the fine print, check for hidden costs.
10. Check the network hospitals. Try for nearest included hospital located.

11. Be familiar with the limitations on pre-existing conditions of each plan.
12. Always pay by cheque when buying a policy so that you have a record of your purchase.

13. Never make any payments to the agent, always to the insurance company.
14. Try to buy your policy online as there are chances that you will find it less expensive than the premium you pay to agent.
15. While choosing a medical insurance plan, always look at the benefits before the price. Take policies that allow maximum coverage for most serious medical conditions.
16. While going for health insurance policies, always buy policies that go with guaranteed renewable coverage, guaranteed to renew each year.
17. Always read the exclusion section of the policy carefully.
18. Always go to a licensed agent for buying.
19. Always select a reputable insurance company.
20. Three Fundamental principles of Insurance……flexibility in choosing insurance, cost of premiums, coverage offered and the benefits excluded.

Tips for buying Travel Insurance
Travel Insurance


1. Since the premium on a travel insurance policy increases with the duration of stay, take the policy only for the travel period. Buy cover for the minimal travel duration planned, and keep covering it along your journey.
2. Make sure you have the international helpline number for your travel insurance company, along with a copy of your policy, with you all the time.

3. Always consider medical coverage when travelling to another country.
4. If you are getting a policy for your family, make sure all members are included, as some policies have limit on the number of people.

5. Always tell your insurer of any pre-existing medical conditions that you have, or you may not be covered by the policy.
6. Always read the fine print of your medical coverage. Be sure it covers repatriation to your home country.

7. Always check whether the insurance requires you to pay for medical bills directly and then reimburse you, or insurance company will deal directly.
8. Your insurer needs to know if you will be driving abroad, so to give you the most adequate policy.
9. Never buy duplicate coverage as it does not double your benefit.
10. Before re-arranging flights in case you need to cut a trip short, always get your insurer's approval.

11. Purchase joint cover if you are travelling as a family, as it will be cheaper.
12. Understand the different policies for different travellers like a single-trip, worldwide, backpacker and annual.

13. When you decide to buy a policy, make sure you know what it doesn't cover.
14. Furthermore, you should check insurance coverage of your credit card. Your credit card might allow for some coverage if you purchase your airline ticket with it.

15. Make sure you know the reimbursement amount. Furthermore, check if all expensive items, you plan to take with you are covered.
16. Use the Internet to help you find a good deal on a policy, generally buying online is always cheaper.
17. Check prices, compare coverage and get the best quote.
18. Always buy policy from a travel insurance company.
19. Check to see if cancellation due to terrorist acts is covered.
20. Read carefully small print on your policy.
Tips for Buying Baggage Insurance
Baggage Insurance


1. Consider taking baggage insurance as part of your householders’ package policy, instead of as a standalone option as you will be eligible for a discount.

2. Always check which items are actually covered and how much you'll receive if you have to file a claim.

3. Figure out how much the policy will really pay if you need to file a claim.
4. Check the types of damage not covered. Usually, normal wear and tear and breaking of delicate articles are not covered.

5. Don’t over insure. Buy insurance in proportion to the expected value of your belongings, as your insurer will pay you on the basis of the estimated value of your lost baggage.
6. If you have taken insurance policy on your rental car, it may include some coverage for theft of or damage to items in the car, check it.

7. Airlines and other public transport companies usually have a limited liability for lost or damaged luggage, check it out.

8. Check your trip cancellation insurance as it often covers lost or damaged luggage.
9. Always read the fine print, check for hidden costs.
10. Never make any payments to the agent, always to the insurance company.

11. Try to buy your policy online as there are chances that you will find it less expensive than the premium you pay to agent.
12. Always read the exclusion section of the policy carefully.

13. Always go to a licensed agent for buying.
14. Always pay by cheque when buying a policy so that you have a record of your purchase.

15. Always select a reputable insurance company.

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