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Thread: How to increase the Sum Insured of my Travel Insurance?

  1. #1
    NewBie
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    Question How to increase the Sum Insured of my Travel Insurance?

    My father has multiple trip overseas travel insurance for amount of $ 50,000, which is valid till 31 Jan 2017. My father would like to increase the Sum Insured from $ 50,000 to $ 150,000. Could you please share the process for the same. Or do I need to buy an new travel insurance plan?




  2. #2
    Moderator Rahul's Avatar
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    Quote Originally Posted by Vipul View Post
    My father has multiple trip overseas travel insurance for amount of $ 50,000, which is valid till 31 Jan 2017. My father would like to increase the Sum Insured from $ 50,000 to $ 150,000. Could you please share the process for the same. Or do I need to buy an new travel insurance plan?
    If you have not made any claim on your existing policy, you can request the present insurance company to increase the Sum Insured. They may ask you to request via an application or may request you to fill the proposal form again.

    In both cases you need to submit:
    1- your existing policy document,
    2- original passport and
    3- additional premium amount.

    And most important your father needs to be present in India at the time any such request.
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  3. #3
    NewBie
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    Thanks for your reply but why insurance company need the passport. When we are in India?

  4. #4
    NewBie
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    When you are going to trip or a vacation buying travel insurance is the wisest thing to do.Sum insured refers to the maximum coverage you are entitled to under a specific benefit.it will have some of the major benefits:
    Medical benefits
    Trip interruptions
    Trip cancellation
    Baggage loss
    Baggage theft
    As you have asked increased the sum insured from
    $50,000 to $ 150,000 then each specific travel plan will have its sum insured.And that the benefits will be to the intend what the country you visits. suppose if you are visiting some country medical costs will be more expensive the sum insured is higher. The higher sum insured leads to an increase in the premium you pay.


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