Overseas travel insurance plans – cost less and offer more

Everyone wants holidays to enjoy some quality time with their loved ones and Indians are no exception. The outgoing travel sector in India saw robust growth this year because international travel destinations are highly sought after by Indians in 2015. Barriers such as inflation, skyrocketing fare and depreciation of rupees could not deter the Indian travelers migrating spirit to travel around the world. Over 60% of Indians remain untouched by the depreciating rupee and are excited to travel. However, the speed of using travel insurance to protect the journey is still gloomy among Indian travelers.

Young generations prefer to travel to international destinations once a year. According to a survey, 90% of these travelers use their own savings for overseas travel and do not consider travel expenses. It is quite surprising that this is the idea of ​​the young Internet-based generation when ICICI Lombard conducted the survey in the 25-35 age group among 1049 people across six subway stations in India, which had international tours in the previous year.

The investigation further reveals that Singapore is the most preferred destination among young Indian travelers; The second and third place is of US and UK.

Let's take a look at the available travel plans and their prices for those who favor these destinations. Let's start with Singapore.

Travel Insurance Plans Available for Singapore Tours

The following list of top 5 policies for the lowest prize is for a 30 year old looking for a single trip to Singapore. The duration of the trip is 10 days and the chosen insured amount is US $ 500,000.

  1. Universal Sompo – Premium off Rs. 942

  2. HDFC Ergo – Premium of Rs. 1015

  3. Reliance – Premium or Rs. 1129

  4. TATA AIG – Premium of Rs. 1234

  5. Religare – Premium at Rs.1666

The lowest prize is Rs. 942 for a travel insurance plan for a 10 day trip to an Asian country like Singapore, Thailand. This means paying less than Rs. 100 per day to make the trip safe and secure . Indian travelers must know that travel plans are not only cheap but they also cover loss of baggage, passports, hijacking and even relief.

Travel Insurance Plans Available For UK Trips

The following list of top 5 policy quotes with regard to the lowest prize is for 1 person looking for a single trip to the UK. The duration of the trip is 10 days and the chosen insured amount is US $ 500,000.

  1. Universal Sompo – Premium off Rs. 942

  2. Bajaj Allianz – Premium by Rs.991

  3. HDFC Ergo – Premium of Rs. 1015

  4. Reliance – Premium or Rs. 1129

  5. Bajaj Allianz (Travel Elite Platinum) – Premium off Rs. 1139

Universal Sompo gives the lowest prize. The premium on travel insurance is also Rs. 942 for a 10 day trip to the UK.

Travel Insurance for American Travel

The following list of top 7 policy guides for the lowest prize is for 1 person looking for a single trip to the OS. The duration of the trip is 10 days and the chosen insured amount is US $ 500,000.

  1. Universal Sompo – Premium off Rs. 1344

  2. HDFC Ergo – Premium of Rs. 1438

  3. Bajaj Allianz – Premium at Rs.1441

  4. IFFCO-TOKIO – Premium at Rs.1456

  5. Bajaj Allianz (Travel Elite Platinum) – Premium off Rs. 1658

  6. TATA AIG – Premium of Rs. 1694

  7. Reliance – Premium or Rs. 1783

The lowest prize is Rs. 1344 for a travel insurance plan for a 10 day trip to the United States. Imagine that you get all types of risks covered by just paying less than Rs. 140 for each day of your trip .

Best travel insurance plans in India with regard to baggage and medical coverage

The survey also showed that 79% people purchase travel plans to cover medical emergencies. Safety luggage is the second most important reason for 60% of people traveling to travel insurance. So let's find out the best travel insurance plans with regard to medical emergency and baggage safety.

From the above list of travel policies for the United States, two plans of Reliance and Bajaj Allianz look best in relation to luggage coverage.

Reliance Travel Care Platinum delivers US $ 1500 for lost baggage loss at a prize of Rs.1783.

Travel Elite Premium Plan by Bajaj Allianz provides $ 1000 for a prize on Rs. 1658 for lost baggage loss .

For the best coverage for acute emergencies, the HDF ERHA Titanium Plan is the best. It primarily covers:

  1. Emergency Medical Expenses

  2. Permanent Invalidity / Unintended Death

  3. Hospital Cash

  4. Lost personal documents

  5. Random death

  6. Loss of luggage

  7. Financial Aid

  8. Personal Responsibility

What does the international travel policy cost for a couple?

According to the survey, 52% of travelers prefer to travel with spouses. So if these people can use a itinerary to visit the United States or the UK or Singapore, how much should they pay?

Let's start with US tour for 10 days for an insurance sum of US $ 100,000, covering 2 people aged 30 and 28 years old.

Religare offers the best plan that comes to a prize at Rs. 2407.

If you compare travel plans available to couples wishing to visit Britain by keeping the same criteria for the travel period, insurance sum and traveling age, Religare gives the best plan. The prize of the plan is Rs. 1537.

For a trip in countries such as Singapore, Thailand in Asia, which has been the biggest destination in 2015, a couple must spend even less for a travel insurance. If you compare travel insurance plans covering Asia, you get the lowest prize on R & D. 1218 from Explore Asia's Plan from Religare.

The positive part of the study is the increased awareness among Indian travelers. More than 90% of the young generation is aware of travel insurance, which is a significant increase from last year's 80%. One of the largest providers of travel insurance plans in India; ICICI Lombard had a total travel insurance premium of Rs 100 last year, one can expect the premium to increase by 5-10% this year. The problem is not with consciousness; It is the lack of understanding of the benefits associated with these travel covers.

27% of respondents in the survey chose not to use a travel insurance plan simply because they were wrongly aware that such plans only cover accidents, loss of luggage and theft but do not provide medical coverage. This is far from the truth as the complete division of the Titanium plan from HDFC ERGO shows comprehensive coverage for medical emergencies.

25% surveyed people did not buy any travel plans because they thought such plans are expensive, but it is not so. The price of all plans for the person mentioned here is about less than Rs. 100 to less than Rs. 140 for each day for a 10 day trip. Travel insurance for couples is even cheaper as they cost less than Rs. 65 per Day by Day Person to under Rs. 125 per Day by Day Person for destinations such as the United States, Great Britain and all countries in Asia, including popular destinations like Singapore, Thailand.

Indians love spending their holiday in international destinations. An international travel insurance plan does not cost much and provides a lot in return. If you are also a travel freak, you must insure the total duration of the trip, so you can enjoy your vacation with complete peace of mind.



Source by Avishek Bhattacharjee