Monthly Archives: June 2018

Mountains Traveling Insurance

in favor of walking, trekking, and climbing. Statistics show that a third of visitors to New South Wales are hikers, trekkers & climbers, while, in 2016, trekking and mountaineering hotspot Nepal was found to be the fastest growing travel destination for Americans and Australian’s overseas.

Do you yearn foradventure? Do you laugh in the face of vertigo? Trekking and climbing holidays could be for you, just remember to take out the proper adventure holiday travel Life insurance quotes before you go!

What Do Mountains Traveling Insurance Coverage?

While most mountains traveling insurance providers will insure you for holidays that go off the beaten track as well as activities such as abseiling scrambling and moderate climbing, there are general exclusions you need to pay attention when going on an adventureholiday.

You’ll Be Covered for Mountains Traveling Insurance Policy:

If you injure yourselfwhen taking part in any of these mountains activities or become ill, your Mountains Traveling small Insurance policy will cover your helicopter evacuation, medical expenses, and repatriation back to America or to Australia if you need it. In many cases, your Mountains Traveling Insurance policyalso pays the costs to fly a family member or friend to be with you in a hospital and escort you at home.

If severe by weather or another unforeseen event occurs(such like as a family emergency) and you can no longer go on your trip – any prepaid tours, travel and accommodation expenses will usually be covered by your insurer.

For your gear in case if it gets damaged or is stolen. That all your luggage and personal effects benefit single item have limits which could range anywhere from $1000- $2500. This includes items like your hiking boots, camping equipment, Gore-Tex jacket and sleeping bag etc and much more!

What Is Not Covered in Mountains Traveling Insurance Policy?

Trekking holidays need trekking mountains traveling insurance!Make sure you don’t start your trip without appropriate cover.

Climbing where ropes are required: The majority of Australian travel insurers do not cover for mountaineering, rock climbing, free climbing, canyoning, caving or any leisure activities were using ropes or climbing equipment is required and there is a noteworthy risk of bodily damage.

Gear left unattended that wasnot under your careorsupervision when it was stolen.

Pre-existing medical conditions that exist before you start your hike. For example, a previous knee surgery that stops you mid-trek would not be something typically insured.

Travel warnings already in the mass media: You can’t claim if you didn’t already have Mountains Traveling Insurance Policy when thewarningwas raised. For example, if you hear about an avalanchewarning in the mass media and then you decide to buy Mountains Traveling Insurance Policy, you couldn’t cancel your holiday and claim.

Where Can I Buy Cover If I Want To Use Ropes?

For Mountains Traveling Insurance Policy buys from Insure4Less rock climbing or from alpine travel insurancehave a good option for independent climbing parties to buy Mountains Traveling Insurance Policy. They cover for trekking with the use of ropes up to a max of 6,500 meters. You must know that you will unable to buy a Mountains Traveling Insurance Policy if you are already overseas or you are over 65 years of age.

World Nomads insurance companycover for climbing with the use of ropes � but you must be a professional and licensed guide or operator for it to be covered. 6,000 altitude limits may apply in Mountains Traveling Insurance Policy.

Insure and Goinsurance company does not have any specific exclusions regarding usage of ropes. However, you are not covered for hikes over 6,000 meter in high altitude.

Allianz Australia Insurance Limited new �High Attitude Adventure Pack�add-on now includes cover for rock climbing with the use of ropes & appropriate safety gear.

(Whilst insurers such as 1Cover, AIG, Budget Direct, Citibank,Cover more, First For Women, I trek, Virgin Money, TID, Sure Save etc may NOT cover you for climbing whenyou need to useropes, they do cover trekking, hiking, mountaineering in general Mountains Traveling Insurance Policy.

What is The Difference between Hiking, Trekking & Mountaineering?

The million dollars question is! Most tour guides will name the tracks based on the degree of health and body fitness needed, the amount of walking each day and type of terrain you will cover.

Mountaineering generally requires you to use mountains ropes, crampons and some other proper equipment, so these treks require a specialist cover that not all travel insurers service providers cover as standard.

Take a Walk on the Wild Side

Whether it is a gentle stroll in the foothills of Australia’s the Blue Mountains you are after or a multi-pitch Leviathan of an ice climb in the Himalayas of Nepal and K2 Mountains in Pakistan, there’s no end of trekking and climbing options at your disposal!

Veteran climbers may prefer a solo adventure, or to organize an expedition themselves.

Families will usually opt for a gentler adventure tailored to the needs of younger kids.

Relative novices benefit from group trips with expert guides who can ensure your safety and enjoyment throughout Mountains Traveling.

Packing For A Climbing Or Trekking Trip to Mountains Travelling:

You must follow before buying Mountains Traveling Insurance Policy

Hiking Boots: A tough, durable but comfortable set of hiking boots is an absolute must for any trip to Mountains Traveling.

Sunblock: Do not underestimate how long you could be spending in the sun. Take enough sunblock to cover you for the whole trek in Mountains Traveling.

Layers: Bring clothing in layers rather than one big coat or jacket. Layers can be easily donned or shed as the temperature changes in Mountains Traveling.

Road-tested backpack: Before Mountains Traveling you and your backpack are going to become well acquainted. Make sure you’ve tested it to make sure it is comfortable first.

Dry pack: Your Mountains Traveling don’t want your belongings ruined by a freak rainstorm? Invest in a good quality dry pack.

Flip flops: You’re not going to be hiking all the time Mountains Traveling and when you’re not, your feet will be glad of the rest.

Sturdy water bottle: For Mountains Traveling you need to stay hydrated, so a reusable water bottle is an important item.

Sleeping bag and mat: Mountains Traveling need a good sleeping bag. If you’re going to be camping outdoors, a sleeping bag and sleeping mat will keep you warm and comfortable at Mountains Traveling.

Different Premium Payment Modes Available In Life Insurance

Affordable premiums are definitely one of the most important features of an insurance plan, however it should also have a balanced share of benefits to offer as well. Here in this article we discuss the basic types of premiums and some of the common modes of payments available with the life insurance plans in market.

Types of life insurance premiums:

There are basically two types of premium payments namely single premium and regular premiums. At the time of opting for the plan, every policyholder would be explained in brief by the insurance agent or company about these two terms in particular. These two types of premiums are determined by the quantum of payment and the frequency decided by the person insured. Single premiums require a lump sum payment to be made by the insured at the time of entry while in regular premiums, he/she will be required to makes payments on a monthly, quarterly, half-yearly, or yearly basis. Both single premium and regular premium plans have their own benefits, yet the former proves to be more efficient when considering the total cost involved. The below example illustrates the basic difference between the two types of premiums.

A 32 year old woman pays a yearly premium of Rs.13,000 for 10 years on her life insurance policy, that offers survival benefits of Rs.2,00,000 on maturity. Going by this mode of payment, she will pay a total amount of Rs.1,30,000 by the end of the term period. However, the same plan comes with an option for single premium whereby a person is required to pay a lump sum amount of Rs.90,000 at the time of enrollment. In the second instance, the person insured can save up to Rs.40,000 on premiums. Taking into account the time value of money and rate of inflation, lump sum payments can often supersede the benefits of regular premiums. But again, making payments in one go may not be feasible for many customers and it is finally on their part to choose the type of payment after evaluating budgetary requirements. Therefore, make sure that you opt for the single premium mode only if you can afford the same without straining your finances.

Premium paying frequency:

Under regular premium mode, policyholders are required to pay premiums throughout the term period, while for some policies, the premium term is less than the policy term. For example, if your purchase a policy that offers life insurance coverage for 10 years, you can either choose to pay the premium for the entire length of the plan or choose a reduced payment term of 7 or 8 years. As a general rule of thumb, the number of installments is directly proportional to the sum insured, ie.,higher the sum insured more the number of installments. Once you have chosen the regular payment option, you then need to decide the frequency of premium payments which is either monthly, quarterly, semi-annually, or annually. Your premium payment term is also linked to the surrender value of the policy. Generally, a life insurance plan acquires surrender value after completion of 2 premium years. So in case you surrender your policy after the first year, you will not be eligible for the same.

Different method of paying your insurance premiums:

Gone are the days when one had to wait in long queues at the branch counters to deposit life insurance premiums. Going in line with the digital advancements of today, even insurance companies have launched apps and web platforms to offer a comprehensive range of services online. Given below are some of the most common methods of insurance premium payments:

Insurance agents – An insurance agent visiting your home to collect premiums was a common scene in early days, when private companies had only started to secure a foothold in the Indian insurance industry. Even with the changed times and latest digital enhancements, you can always get in touch with a collection agent of your insurer to come and collect your payments.

Mobile wallets – Post demonetization, the importance of mobile payments have increased so rapidly that a number of e-wallet companies have entered the market within a short span. The e-wallets offer a lot of facilities ranging from booking a ticket to paying off your monthly bills. Some of the mobile wallets have linked up with the insurance companies to facilitate fast and convenient premium payments for policyholders.

Online payments – As already mentioned, you can simply login to the insurer’s website and pay your premiums through internet banking, credit cards, or debit cards

Standing instruction on credit card – You can give a standing instruction to your insurance company to deduct the premium amount on your behalf. You just have to submit an application for the same along with the details of your credit card.