Overseas travel travel plans – lower costs and other offers

Everyone wants a holiday to enjoy quality time with their loved ones and the Indians are no exception. The tourism industry in India has seen strong growth this year, as in 2015 the Indians were very popular international tourist destinations. Obstacles such as inflation, steep increases in ticket prices and depreciation of rupees could not deter the wandering spirit of Indian passengers traveling around the world. More than 60% of Indians remained dissatisfied with the depreciating rupee and rarely travel. However, the use of travel insurance to secure travel is still daunting among Indian travelers.

Younger generations prefer to travel to international destinations at least once a year. According to the survey, 90% of these passengers use their own savings on foreign trips and do not consider travel coverage. Surprisingly, this is the idea of ​​a young generation of savvy Internet, as the ICICI Lombard survey conducted a survey of 25-35 years between 1049 people across six subway cities in India who made international journeys last year.

The survey also reveals that Singapore is the most popular travel destination among young Indian travelers; the United States and the United Kingdom rank second and third.

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

Travel insurance plans available for excursions in Singapore

The following list of top 5 offers for the lowest premium is for one 30-year-old looking for the only way to Singapore. The length of the trip is 10 days and the sum insured is $ 500,000.

  1. Universal Sompo – Premium Rs. 942
  2. HDFC Ergo – Premium Rs. 1015
  3. Reliance – Premium Rs. 1129
  4. TATA AIG – Premium Rs. 1234
  5. Religare – Premium of R1666

The lowest premiums are Rs. 942 for a travel travel plan for a 10-day trip to any Asian country such as Singapore, Thailand. This means that one has to pay less than Rs. 100 per day to make his trip safe and secure . Indian travelers need to know that travel plans are not only cheap but also cover the loss of luggage, passports, kidnappings and even emergency treatment.

Travel insurance plans available for trips to the UK

The following list of top 5 offers for the lowest premium is for 1 person looking for the only way to the UK. The length of the trip is 10 days and the sum insured is $ 500,000.

  1. Universal Sompo – Premium Rs. 942
  2. Bajaj Allianz – Premium Rs.991
  3. HDFC Ergo – Premium Rs. 1015
  4. Reliance – Premium Rs. 1129
  5. Bajaj Allianz (Travel Elite Platinum) – Bonus Rs. 1139

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

Travel insurance for American trips

The following list of the best 7 offers for the lowest premium is for 1 person looking for the only way to the US. The length of the trip is 10 days and the sum insured is $ 500,000.

  1. Universal Sompo – Premium Rs. 1344
  2. HDFC Ergo – Premium Rs. 1438
  3. Bajaj Allianz – Premium of R44.1441
  4. IFFCO-TOKIO – R45.1466 premium
  5. Bajaj Allianz (Travel Elite Platinum) – Bonus Rs. 1658
  6. TATA AIG – Premium Rs. 1694
  7. Reliance – Premium Rs. 1783

The lowest premiums are Rs. 1344 for a 10-day travel plan to the US. Just imagine that all types of risks are covered by just paying less than Rs. 140 for each day of your trip .

Best travel travel plans in India in terms of luggage and health insurance

The survey also clarified that 79% of people buy a travel plan to cover medical emergencies. Luggage safety is the second most important reason because 60% of people are buying travel insurance. Let's find the best travel insurance plans in terms of medical emergency and luggage safety.

From the list of US travel policies listed above, the two Reliance and Bajaj Allianz plans in terms of luggage cover look best.

Reliance Travel Platinum Care provides $ 1500 for lost baggage for the Rs.1783 premium.

Travel Elite Premium from Bajaj Allianz provides $ 1,000 for R premium. 1658 for the loss of hold baggage .

For the best coverage of medical emergencies, the HDFC ERGO Titanium Plan is the best plan. These are mainly:

  1. Emergency medical expenses
  2. Permanent disability / accidental death
  3. Cash in the hospital
  4. Loss of identity documents
  5. Accidental death
  6. Loss of luggage
  7. Financial assistance in emergencies
  8. Personal responsibility

What are the costs of an international travel policy for a couple?

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

Let's start with an American trip for 10 days for an insured amount of $ 100,000, which covers 2 people aged 30 and 28.

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

If you compare travel plans available for couples wishing to visit the UK, while respecting the same travel time, insurance and traveler age criteria, Religare provides the best plan. Plan bonuses are Rs. 1537.

For a trip to countries like Singapore, Thailand in Asia, which was the best destination in 2015, the couple has to spend even less on travel insurance. If you compare travel insurance plans that cover Asia, you get the lowest premium of R. 1218 from Explore Asia Plan provided by Religare.

A positive part of the survey is the increased awareness of Indian travelers. More than 90% of the young generation is aware of travel insurance, which grew significantly by 80% compared to the previous year. One of the major travel insurance providers in India; In the previous year, ICICI Lombard concluded a total travel insurance premium of 100 Rs, which is expected to increase by 5-10% this year. The problem is not conscious; it is a misunderstanding of the benefits associated with these travel covers.

27% of the survey respondents decided not to use a travel insurance plan simply because it was wrong to think that these plans only cover accidents, loss of luggage and theft, but do not provide medical coverage. This is far from true, because the full distribution of the HDFC ERGO titanium plan shows extensive coverage of medical emergencies.

25% of people surveyed did not purchase any travel plan because they thought such plans were costly, but they did not. The cost of all plans for the people mentioned in this document is less than Rs. 100 to less than Rs. 140 for each day of the 10-day trip. Travel insurance for couples is even cheaper as it costs less than R. 65 per day per person to less than Rs. 125 per day per person for destinations like USA, UK and all countries in Asia, including popular destinations like Singapore, Thailand.

Indians like to spend their holidays in international destinations. International travel travel insurance doesn't cost much and offers a lot in return. If you are also a travel fool, you should insure the total travel time to enjoy your holiday with complete peace of mind.