Your kids are all grown up, you have fulfilled all your responsibilities and you are happily retired. This is the best time of your life as you now have all the freedom to fulfill your dreams and live your passions. After decades of hard work and hustle, this is the time to relax and enjoy the life to the fullest. One of the best ways to enjoy the twilight years is to travel the world. Explore new countries and experience their colorful and rich culture. Nothing is more rejuvenating than a sunbath at Bondi beach or hiking in the exotic Grand Canyon National Park. However, if you are stepping out of the country, going without travel insurance is not worth it. While getting reliable insurance is a good idea for everyone, travel insurance for senior citizens is extremely important. One of the prime reasons why travel insurance for the elderly is a must is because they are at a higher risk of falling ill, meeting an accident, or experiencing a health crisis.
Why Travel Insurance for the Elderly is Essential?
Irrespective of age, traveling is enjoyed by everyone. However, senior citizens, anyone who is above the age of 60, is considered more vulnerable to medical emergencies. This is true especially for those who are suffering from chronic medical conditions. While traveling, we indulge in several new activities and enjoy new food as we wish to explore the culture of the place we are visiting. However, all of this may result in unexpected events that we must always be prepared to tackle. Travel insurances for over 60s assure incredible traveling experience that can be enjoyed worry-free.
1.Majority of Health Insurance Discontinue Coverage While Traveling:
You may already have great health insurance. However, when traveling abroad, most of the health insurance policies may not provide coverage for accidents, illnesses, and other damages. In situations, where an unexpected injury takes place or require medical assistance, the health insurances may not be able to support for the thousands of dollars of the bill. Hence, travel insurance for senior citizens is a must.
2.High-Vulnerability to Medical Emergencies:
Travel insurance for over 60s people is considered imperative because they are either suffering from some chronic medical conditions or they are at a higher risk of falling sick. Therefore, travel insurance will ensure to provide support for unexpected high medical expenses in a foreign land. It is worth noting that medical costs in foreign lands are high. Though it depends on the destination of travel, the majority of popular travel places like Canada, USA, UK, Australia, and UAE have higher consultation charges than India that can burn a hole in the pocket.
3.Coverage for Medical Emergencies:
Unexpected tragedies can be nerve-racking but when it unfolds in unfamiliar places, it can be disturbing and distressing. This is where travel insurance plays a significant role. It eases out the challenges that come along with it with the vast variety of services included such as, cover for medical expenses, medical treatment, arrangements for medical evacuation, accident, cashless hospitalization, and death. Additionally, it provides coverage for pre-existing medical conditions. Though, the size of the cover depends on the place of travel and nature of the policy. Nevertheless, it acts like big support in a new place.
4.Ensures Pleasurable and Hassle-Free Travel:
Along with medical urgency, travel insurance for senior citizens ensure hassle-free vacation with many more benefits. In case of theft, loss of important documents, loss of baggage, and emergency requirement of cash can be sorted with the help of travel insurances. All you need is to do make a call to your provider and tell them about the assistance you need. The team of experts will provide the necessary solution and assistance.
5.Unexpected Cancellation of Tours:
These days, many travel insurances provide to cover the pre-paid costs like accommodation arrangements made in advance, taxi transfers, and a bus tour in the event of cancellation. Sometimes, it is difficult to recover these charges. This where travel insurances for elderly and general public come into play. However, it is important to be thorough with the policy terms and conditions.
Benefits of Senior Citizens Travel Insurance
Generally, insurance premiums of travel insurance for over 60s and above is higher but it is totally worth the investment. Considering the innumerable benefits of travel insurance for senior citizens, experts recommend it should not be ignored.
•Travel insurance for elderly provides security to you and your belongings.
•It provides coverage during the travel and stays period.
•Depending on the plan, it provides for financial support for an unexpected medical emergency as well as recurrence of the pre-existing one.
•Many of the travel insurance plans do not require medical examination for approval
•These plans provide assistance during the time of political unrest
•It makes arrangements for evacuation and repatriation.
•In case of delay in travel time, cancellation of the tour due to unforeseen events and loss of belongings are also tackled well under these plans.
Important Components of Travel Insurance for the Elderly
Whether you are looking for travel insurance for pensioners or anyone, the basic components remain the same that must be paid attention to.
Premium: The premium of the travel insurance depends on the selected sum assured, the age of the applicant, duration of stay, and destination of travel. Therefore, it is important to read through the policy services and the price before buying the plan. Features and benefits of the policy largely depend on the premium that is charged.
Coverage: Senior citizens are more vulnerable to falling sick in the foreign land. Other events can trigger the recurrence of pre-existing conditions. Therefore, it is imperative to find a plan that provides adequate medical coverage. Before making the purchase, make sure you compare the plans in the market.
Benefits: Along with medical coverage, travel insurance for the elderly must provide some travel-related benefits to tackle unexpected problems. This may cost a little higher premium, but it is always recommended to ensure these benefits are included in the policy.
Things to Keep in Mind Before Buying Travel Insurance for Senior Citizens
Duration of the Trip: It is one of the most important aspects of buying a senior citizens travel insurance because some insurance plans are limited to the duration of the trip.
Are you a frequent flyer: if you are a frequent flyer, it is best to buy yearly travel insurance which is much more affordable and convenient? It provides coverage for all the trips taken throughout the year.
Nature of the trip: If you are planning to indulge in some adventure activities, it is important to make sure that the plan you buy includes medical emergency, dental care, and accidents. However, there are some high-risk sports like skydiving and mountain climbing that are not covered under travel policies.
Thus, it can be concluded that travel insurance for senior citizens is imperative. This does not mean that younger people can neglect the benefits of getting holiday insurance. Regardless of age, travel insurance provides support to deal with the tragedies and challenges that may occur during the trips abroad.