QIC’s take on travel insurance & its benefits
Mr. Ali Al Fadala, Senior Deputy Group President and CEO of QIC Group states, “Travel inconveniences big or small could ruin your well planned vacation. Purchasing travel insurance gives you the confidence and preparedness to handle unforeseen inconveniences in a smart way so that you do not spoil your holiday. After all, you would rather be safe than sorry and not be stuck with a big hospital bill!”
Purchasing travel insurance can be confusing, especially for first time buyers. To make your selection process simpler, here are a few tips which can help you understand what your travel insurance covers and what it does not.
Check your passport in time.
Your travel insurance policy will cover your trip expenses if your passport is lost or stolen, but it would not cover for expenses which you may incur if your passport is not valid! To avoid such situations, check the validity of your passport especially if you use your passport infrequently. It is natural to forget when it is due for expiry.
Make sure you have enough time between flights.
When we see a promotional offer on travel destinations, we book flights instantly to avail the offer and often miss taking into account important details like short intervals between connecting flights or may even miscalculate time differences between connecting flights. We can by mistake book the wrong outbound or return flight. Travel insurance is accident insurance. It is there to protect you in case of emergency and, if need be, can get you home in a hurry but would not pay for wrong bookings. To avoid such situations, make sure to double check your calendar before making reservations or bookings.
Know the covers of your travel insurance.
It offers much more than just medical protection.You might get through your entire trip without breaking your leg while walking on the wet tiles at the spa, but if you do land up in a hospital after indulging in some street gourmet, you could receive a big medical bill that would not be good for your finances, especially if you’re travelling on a budget.
Make sure to nametag your belongings.
Before you leave for your much awaited vacation, make sure that you label your luggage and keep digital copies and printed copies of your tickets, visas and passport. And, do carry maps and make note of your hotel’s telephone number. If you know what to do when the worst happens, it can save you time and money and can even rescue your vacation from turning into a disaster.
About Qatar Insurance Company:
Qatar Insurance Company (QIC) is a publicly listed composite insurer with a consistent performance history of 50 years and an underwriting footprint across the Middle East, Africa and Asia. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one of the highest rated insurers in the Gulf region with a rating of A/Stable from Standard & Poor’s and A (Excellent) from A.M. Best. In terms of profitability and market capitalization, QIC is also the largest insurance company in the MENA region. It is listed on the Qatar Exchange and has a market capitalization of USD 4 billion.
For further information on QIC, please visit: www.qatarinsurance.com.