Overseas Travel Insurance Plan – Lower cost, more available

Everyone is eager to spend a holiday, spending time with their loved ones, and Indians are no exception. India’s outbound tourism industry has grown strongly this year, as Indians’ international tourism destinations were highly valued in 2015. Barriers such as inflation, soaring fares and depreciation of the rupee cannot stop the embarrassing spirit of Indian tourists traveling around. world. More than 60% of Indians are still overwhelmed by the devaluation of the rupee and want to travel.
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However, among Indian travelers, travel insurance costs to guarantee travel are still frustrating.

The younger generation goes to international destinations at least once a year. According to a survey, 90% of these travelers use their savings for overseas travel, regardless of travel insurance. Surprisingly, this is the mentality of the young Internet savvy generation, because ICICI Lombard conducted a 25-35 age group survey of 1,049 people in six metro cities in India, who had traveled internationally last year.
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The survey further shows that Singapore is the most popular tourist destination among young Indian travelers; the second and third place are held by the United States and the United Kingdom.

Let's take a look at the travel plans and prices that like these destinations. Let's start with Singapore.

Travel Insurance Plan for Singapore Travel

The top 5 policy quotes list for the following minimum premiums is for a 30-year-old looking for a single trip to Singapore.
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The duration of the trip is 10 days and the selected coverage is $500,000.

  1. Universal Sompo – Premium of Rs. 942
  2. HDFC Ergo – a premium to the rupee. 1015
  3. Trust – the premium of the rupee. 1129
  4. TATA AIG – a premium to the rupee. 1234
  5. Religare – Rs.1666

The premium minimum premium is Rs. 942 Travel Insurance Plan, 10 days for any Asian country such as Singapore, Thailand.
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This means that you must pay less than Rs per day. 100 to ensure his travel safety and safety . Indian travellers must be aware that travel plans are not only cheap, but they also provide insurance for lost luggage, passports, hijacking and even emergency treatment.
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Travel insurance plan available for travel in the UK

The list of the top 5 policy quotes for the following minimum premiums is for a person looking for a one-way trip to the UK. The duration of the trip is 10 days and the selected coverage is $500,000.

  1. Universal Sompo – Premium of Rs. 942
  2. Bajaj Allianz – Premium of Rs.991
  3. HDFC Ergo – a premium to the rupee. 1015
  4. Trust – the premium of the rupee. 1129
  5. Bajaj Allianz (Travel Elite Platinum Edition) – The premium of the rupee. 1139

Universal Sompo offers the lowest premium. The premium for the travel insurance plan is also rupee. 942 10 days of travel to the UK.
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Travel Insurance Policy for US Travel

The seven low premium policy quotations listed below are for one person looking for US travel. The duration of the trip is 10 days and the selected coverage is $500,000.

  1. Universal Sompo – Premium of Rs. 1344
  2. HDFC Ergo – a premium to the rupee. 1438
  3. Bajaj Allianz – Premium is 1,1441
  4. IFFCO-TOKIO – Premium is Rs.1456
  5. Bajaj Allianz (Travel Elite Platinum) – Premium. 1658
  6. TATA AIG – a premium to the rupee. 1694
  7. Trust – the premium of the rupee. 1783

The minimum premium is the rupee. The 1344 Travel Insurance Plan, a 10-day trip to the United States.

Imagine paying less than Rs. 140, all types of risks are available .

India's best travel insurance plan for baggage and medical insurance

The survey also made it clear that 79% of people purchase travel plans to respond to medical emergencies. Baggage safety is the second most important reason, with 60% purchasing travel insurance. So let us find the best travel insurance plan for medical emergencies and baggage safety.

From the list of US travel policies above, Reliance and Bajaj Allianz's two plans look the best in terms of baggage insurance.

Reliance Travel care Platinum offers $1,500 for lost checked baggage and a premium of 1783 rupees.

Bajaj Allianz's Travel Elite Premium program provides a $1,000 premium for checked baggage loss 1658.

HDFC ERGO's Titanium program is the best in order to get the best coverage for medical emergencies. It mainly includes:

  1. Emergency medical expenses
  2. Permanent disability/accidental death
  3. Hospital cash
  4. Personal document loss
  5. Accidental death
  6. Baggage loss
  7. Financial emergency assistance
  8. Individual Responsibility

What is the cost of a couple's international travel policy?

According to the survey, 52% of travelers like to travel with their spouses.

So, if these people can take advantage of travel plans to visit the US, UK or Singapore, how much do they have to pay?

Let's start a 10-day trip to the US with an insured amount of $100,000, covering two people aged 30 and 28.

Religare offers the best deals at a price higher than the rupee. 2407.

If you are more suitable for travel plans for couples wishing to visit the UK, maintaining the same travel time, insurance amount and traveler age criteria, Religare offers the best plan.

The premium for the program is the rupee. 1537.

For travel in Asian countries such as Singapore and Thailand, this is the preferred tourist destination in 2015, and a couple must pay less for travel insurance. If you compare travel insurance plans covering Asia, you will receive the lowest rupee premium. 1218 from the Exploreare program is provided by Religare.

The positive part of the survey is the increased awareness of Indian tourists. More than 90% of the younger generation realizes that travel insurance has increased significantly from last year's 80%. One of the main providers of the Indian travel insurance plan; ICICI Lombard's total travel insurance cost last year was 100 rupees, and it is expected that this year's premium will increase by 5-10%. The problem is not awareness; there is a lack of understanding of the benefits associated with these travel insurance.

Twenty-seven percent of the total respondents in the survey chose not to use the travel insurance plan simply because they mistakenly believe that these plans only cover accidents, baggage loss and theft, but do not provide health insurance. This is far from the truth, as the complete disintegration of the Titanium program by HDFC ERGO shows additional coverage of medical emergencies.

25% of the people surveyed did not purchase any travel plans because they thought the cost of such a plan was high, but it was not. The planned price for everyone mentioned here is about less than the rupee.

100 to less than rupee. Travel 10 days a day for 10 days. Couples’ travel insurance policies are even cheaper because they cost less than the rupee. Rs 65 per person per day, below Rs. The United States, the United Kingdom and all Asian countries, such as Singapore, Thailand and other popular destinations, 125 people per person per day.

Indians like to spend their holidays at international destinations. The international travel insurance plan does not cost too much and provides a lot of rewards. If you are also a travel mad, you should ensure the total time of travel so that you can enjoy your vacation with complete peace of mind.