Everyone craves vacations to enjoy some quality time with their loved ones and Indians are not any exception.
The outbound travel sector of India saw strong growth this year because international travel destinations are highly sought-after among Indians in 2015. travel insurance plans for seniors
Obstacles like inflation, skyrocketing ticket price and depreciation of rupee couldn't deter the wandering spirit of Indian travelers to travel around the world.
Over 60% of Indians remain unmoved by the depreciating rupee and are raring to travel.
However, the speed of availing travel insurance to safeguard the trip remains dismal among Indian travelers. blue cross travel insurance
Young generations like better to attend international destinations once a year a minimum of. consistent with a survey, 90% of those travelers make use of their savings for overseas trips and do not consider travel cover.
Quite surprisingly, this is often the mindset of young internet savvy generation as ICICI Lombard surveyed the age bracket of 25-35 among 1049 people across six metro cities in India who had international trips within the previous year.
The survey further reveals that Singapore is that the foremost preferred travel destination among young Indian travelers; the second and third places are held by the US and UK. travel insurance plans quotes
Let's take a glance at the travel plans available and their prices for people that favor these destinations. Let's start with Singapore.
Travel insurance plans available for Singapore trips
The following list of top 5 policy quotes in terms of lowest premium are for one 30 years oldster trying to hunt out one trip to Singapore.
The trip duration is 10 days and thus the chosen sum insured is US$ 500000. travel protection plan
Universal Sompo - Premium of Rs. 942
HDFC Ergo - Premium of Rs. 1015
Reliance - Premium of Rs. 1129
TATA AIG - Premium of Rs. 1234
Religare - Premium of Rs.1666
The lowest premium is Rs. 942 for a travel insurance plan for a ten days trip to any Asian country like Singapore, Thailand. this suggests one possesses to pay but Rs. 100 per day to form his trip safe and secure. Indian travelers must know that travel plans aren't only inexpensive but they also provide coverage for loss of luggage, passport, hijack, and even emergency treatment.
Travel Insurance plans available for UK trips
The following list of top 5 policy quotes in terms of lowest premium are for 1 person trying to hunt out one trip to the united kingdom. travel insurance plans prices
The trip duration is 10 days and thus the chosen sum insured is US$ 500000.
Universal Sompo - Premium of Rs. 942
Bajaj Allianz - Premium of Rs.991
HDFC Ergo - Premium of Rs. 1015
Reliance - Premium of Rs. 1129
Bajaj Allianz ( Travel Elite Platinum) - Premium of Rs. 1139
Universal Sompo provides rock bottom premiums. The premium of the travel insurance plan is additionally Rs. 942 for a ten days trip To UK.
Travel insurance policies for US trips
The following list of top 7 policy quotes in terms of lowest premium are for 1 person trying to hunt out one trip to the US. overseas travel insurance
The trip duration is 10 days and thus the chosen sum insured is US$ 500000.
Universal Sompo - Premium of Rs. 1344
HDFC Ergo - Premium of Rs. 1438
Bajaj Allianz - Premium of Rs.1441
IFFCO-TOKIO - Premium of Rs.1456
Bajaj Allianz ( Travel Elite Platinum) - Premium of Rs. 1658
TATA AIG - Premium of Rs. 1694
Reliance - Premium of Rs. 1783
The lowest premium is Rs. 1344 for a travel insurance plan for a ten days trip to the US.
Just imagine, you're getting all kinds of risks covered just by paying but Rs. 140 for every day of your trip. ntuc travel insurance plans
Best travel insurance plans in India in terms of luggage and medical coverage
The survey also made clear that 79% of individuals buy travel plans to hide medical emergencies. the safety of luggage is that the second most significant reason as 60% of individuals behind purchasing travel policy.
So let's determine the sole travel insurance plans in terms of medical emergency and luggage safety.
From the above list of travel policies for the US, two plans by Reliance and Bajaj Allianz look best in terms of luggage cover. great west life travel insurance
Reliance Travel care platinum provides US$1500 for the loss of checked baggage for a premium of Rs.1783.
The Travel Elite Premium plan by Bajaj Allianz provides US$ 1000 for a premium of Rs. 1658 for the loss of checked baggage.
To get the sole coverage for medical emergencies, the Titanium plan by HDFC ERGO is that the only. It primarily covers:
Emergency Medical Expenses
Permanent Disablement/accidental death
Hospital Cash
Loss of private Documents
Accidental Death
Loss of luggage
Financial Emergency Assistance
Personal Liability
What is the price of international travel policy for a couple?
According to the survey, 52% of travelers like better to possess trips with spouses. travel insurance plans may not cover losses
So, if these people can avail of an itinerary for visiting the US or UK or Singapore, what proportion do they need to pay?
Let's start with a US trip for 10 days for a sum insured of US$ 100000 covering 2 folks that are 30 and 28 years old.
Religare offers the sole plan which comes at a premium of Rs. 2407.
If you compare travel plans available for couples who wish to visit the united kingdom, keeping equivalent criteria for trip duration, the sum insured, and therefore the age of the traveler, Religare provides the sole plan. The premium of the plan is Rs. 1537. liberty travel insurance plans
For a visit in countries like Singapore, Thailand within Asia which has been the absolute best travel destination of 2015, a few of getting gotten to spend even less for a travel policy.
If you compare travel insurance plans that cover Asia, you'll get rock bottom premium of Rs. 1218 from Explore Asia plan provided by Religare.
The positive part of the survey is the increased awareness among Indian travelers. quite 90% of the young generation is conscious of travel insurance which may be an enormous rise from last year's 80%. travel insurance gold plan
one among the foremost providers of travel insurance plans in India; ICICI Lombard underwritten a whole travel premium of Rs 100 previous year, one can expect the premium to extend by 5-10% during this year.
The matter isn't with awareness; it's the shortage of understanding about the advantages related to these travel covers.
27% of the entire respondents within the survey like better to not avail of a travel insurance plan just because they were under the incorrect conception that such plans cover only accidents, loss of luggage, and theft but don't provide medical coverage. allianz travel insurance plan d
This is often faraway from being the reality because the whole break-up of the Titanium plan by HDFC ERGO shows extensive coverage for medical emergencies.
25% surveyed people didn't buy any itinerary because they thought such plans are costly but it is not so. the worth of all plans for the person mentioned here is about but Rs. 100 to but Rs.
140 for every day of a ten days trip.
Travel insurance policies for couples are even cheaper as they cost within the range of but Rs. 65 per day per person to but Rs. 125 per day per person for destinations a touch just like the US, UK, and every one country in Asia including popular destinations like Singapore, Thailand.
Indians wish to spend their holidays in international destinations. a world travel insurance plan doesn't cost much and offers tons reciprocally. allianz travel insurance plan e
If you're also a travel freak, you would like to verify the whole duration of the trip so that you'll enjoy your holiday with complete peace of mind.
Avishek Bhattacharjee has been related to the overall insurance sector in India for several years. travel insurance annual plans
He regularly comes up with informative and interesting articles to supply information about various insurance policies.
This write-up discusses the importance and benefits related to travel insurance plans in India. travel insurance best plans
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