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Foreign travel insurance plans – costs less and offers more

Everyone wants a vacation to enjoy quality time with their loved ones, and Indians are no exception. The sector of tourist trips to India this year has experienced significant growth as international tourist destinations are very popular among Indians in 2015. Obstacles, such as inflation, rising ticket prices and the depreciation of the rupee, could not deter the wandering spirit of Indian travelers to travel. the world. More than 60% of Indians remain unaffected by the destructive rupee and seek to go on a journey. However, for Indian travelers, the travel insurance rate for travel safety still remains sad.

The younger generations prefer to travel to international destinations at least once a year. According to the survey, 90% of such travelers use their own savings for foreign travel and do not take into account travel coverage. Surprisingly, this is the understanding of the young savvy generation when ICICI Lombard conducted a survey in the 25-35 age group among 1,049 people from India’s six metro cities who had international travel the previous year.

In addition, the survey shows that among young Indian travelers, Singapore is the most preferred travel destination; the second and third places are occupied by the USA and the Great Britain.

Let’s take a look at the affordable travel plans and their prices for those who prefer these destinations. Let’s start with Singapore.

Travel insurance plans are available for trips to Singapore

The following is a list of the top 5 policy proposals in terms of the lowest award – for a 30-year-old man looking for a single trip to Singapore. The duration of the trip is 10 days, and the selected sum insured is $ 500,000.

  1. Universal Sompo – Award Rs. 942

  2. HDFC Ergo – Premium Rs. 1015

  3. Reliance – Rs. 1129

  4. TATA AIG – Rupee Award. 1234

  5. Religare – Prize Rs.1666

The lowest premium is Rs. 942 for a travel insurance plan for a 10-day trip to any Asian country, such as Singapore, Thailand. That is, you need to pay less than a rupee. 100 a day to make your trip safe and secure. Indian travelers should know that travel plans are not only inexpensive, but they also provide coverage for lost luggage, passport, theft and even an ambulance.

Travel insurance plans are available for travel to the UK

The following list of the top 5 policy offers in terms of the lowest premium is for 1 person looking for a single trip to the UK. The duration of the trip is 10 days, and the selected sum insured is $ 500,000.

  1. Universal Sompo – Award Rs. 942

  2. Bajaj Allianz – Award Rs.991

  3. HDFC Ergo – Premium Rs. 1015

  4. Reliance – Rs. 1129

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

Universal Sompo provides the lowest premium. The travel insurance plan for insurance is also Rs. 942 for a 10-day trip to the UK.

Travel insurance policy for travel to the United States

The following is a list of the top 7 policy proposals in terms of the lowest premium – for 1 person looking for one trip to the US. The duration of the trip is 10 days, and the selected sum insured is $ 500,000.

  1. Universal Sompo – Award Rs. 1344

  2. HDFC Ergo – Premium Rs. 1438

  3. Bajaj Allianz – Award Rs.1441

  4. IFFCO-TOKIO – Rs.1456 Award

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

  6. TATA AIG – Rupee Award. 1694

  7. Reliance – Rs. 1783

The lowest premium is Rs. 1344 for a 10-day trip insurance plan to the United States. Imagine that you get all kinds of risks covered by a payment less than Rs. 140 for each day of your trip.

The best travel insurance plans in India in terms of luggage and medical coverage

The survey found that 79% of people buy a travel plan to provide medical emergencies. Baggage security is the second most important reason when 60% of people fall behind in buying a policy. So let’s find out the best travel insurance plans in terms of ambulance and luggage security.

From the above list of U.S. travel policies, the two plans of Reliance and Baja Allianz look best in terms of baggage.

The Reliance Travel care dam provides $ 1,500 for the loss of checked baggage for a premium of Rs.1783.

The premium elite plan of Premium Bajaj Allianz provides $ 1,000 for a premium of Rs. 1658 for the loss of checked baggage.

For the best emergency coverage, the Titanium HDFC ERGO plan is the best. Primarily it covers:

  1. The cost of emergency medical care

  2. Permanent disability / accidental death

  3. Hospital cash register

  4. Loss of personal documents

  5. Accidental death

  6. Loss of luggage

  7. Emergency financial assistance

  8. Personal responsibility

How much is the international travel policy for a couple?

According to the survey, 52% of travelers prefer to travel with a couple. So if these people can take advantage of a travel plan to visit the US or the UK or Singapore, how much do they have to pay?

Let’s start with a 10-day trip to the U.S. for an insurance sum of $ 100,000 covering 2 people who are 30 and 28 years old.

Religare offers the best plan that comes with a premium Rs. 2407

If you compare travel plans for couples wishing to visit the UK, while maintaining the same criteria for travel duration, sum insured and traveler’s age, Religare offers the best plan. The prize of this plan is Rs. 1537

To travel to countries such as Singapore, Thailand to Asia, which became a major travel destination in 2015, the couple has to spend even less money on a travel insurance policy. If you compare insurance plans covering Asia, you will get the lowest premium of Rs. 1218 From the plan of study of Asia provided by Religare.

A positive part of the survey is the awareness raising among Indian travelers. More than 90% of the younger generation is aware of travel insurance, which has increased significantly compared to last year’s 80%. One of the major providers of travel insurance plans in India; Last year, ICICI Lombard concluded a total travel insurance premium of Rs 100, and the premium can be expected to increase by 5-10% this year. The problem is not in the mind; it is a lack of understanding of the benefits associated with these travels.

27% of respondents chose not to take advantage of a travel insurance plan simply because they were wrong when such plans only cover accidents, luggage loss and theft, but do not provide medical coverage. This is far from true, as the complete breakthrough of the Titanium HDFC ERGO plan shows extensive coverage on emergencies.

25% of respondents did not buy any travel plan because they thought such plans were expensive, but this is not the case. The cost of all the plans mentioned here is about below Rs. From 100 to less than Rs. 140 for each day of the 10-day trip. Travel insurance policies for a couple are even cheaper as they cost in the range of less than in rupees. 65 per day per person less than Rs. 125 per day per person for destinations such as the US, UK and all Asian countries, including popular destinations such as Singapore, Thailand.

Indians love to spend holidays in international destinations. An international travel insurance plan doesn’t cost much and offers a lot in return. If you are also a traveler, you should ensure the total duration of the trip so that you can enjoy the holiday with complete peace of mind.