How to Choose Your Family Travel Insurance Plan

Everyone craves for vacations to enjoy some quality time with their family members and Indians are no exception. The outbound travel sector of India saw a strong growth this season because international travel destinations are highly sought-after among Indians in 2015. Obstacles like inflation, skyrocketing ticket price and depreciation of rupee couldn't deter the wandering spirit of Indian travelers to visit round the world. Over 60% of Indians remain unmoved by the depreciating rupee and are raring to attend travel. However, the rate of availing travel insurance to guard the trip remains dismal among Indian travelers.

Young generations prefer to travel to international destinations once a year at least. Based on a survey, 90% of the travelers take advantage of their own savings for overseas trips and don't consider travel cover. Quite surprisingly, this is the mindset of young internet savvy generation as ICICI Lombard conducted the survey in the generation of 25-35 among 1049 people across six metro cities in India who'd international trips in the last year.The survey further reveals that Singapore is the absolute most preferred travel destination among young Indian travelers; the next and third places are held by US and UK.Let's have a look at the travel plans available and their prices for people who favor these destinations. Let's focus on Singapore.If you compare travel plans available for couples who wish to see UK, keeping exactly the same criteria for trip duration, sum insured and age of the traveler, Religare provides the very best plan. The premium of the program is Rs. 1537.  Travel care plan

For a vacation in countries like Singapore, Thailand within Asia which has been the utmost effective travel destination of 2015, a couple has to invest even less for a journey insurance policy. In the event that you compare travel insurance plans that cover Asia, you will get the best premium of Rs. 1218 from Explore Asia plan given by Religare.

The positive the main survey is the increased awareness among Indian travelers. More than 90% of young generation is aware of the travel insurance which is really a significant rise from last year's 80%. One of many major provider of travel insurance plans in India; ICICI Lombard underwritten a total travel insurance premium of Rs 100 previous year, it's possible to expect the premium to improve by 5-10% in this year. The issue is not with the awareness; it's having less understanding about the huge benefits associated with these travel covers.

27% of the total respondents in the survey choose never to avail a vacation insurance plan since they were beneath the wrong conception that such plans cover only accidents, loss of baggage and theft but don't provide medical coverage. This is far from being the truth as the entire break-up of Titanium plan by HDFC ERGO shows extensive coverage for medical emergencies.

25% surveyed people didn't buy any travel plan simply because they thought such plans are costly but it's not so. The buying price of all plans for person mentioned here are about significantly less than Rs. 100 to significantly less than Rs. 140 for every day of a 10 days trip. Travel insurance policies for couples are even cheaper because they cost in the number of significantly less than Rs. 65 daily per person to significantly less than Rs. 125 per day per person for destinations like US, UK and all countries in Asia including popular destinations like Singapore, Thailand.Indians love to invest their holidays in international destinations. An international travel insurance plan doesn't cost much and offers a lot in return. If you should be also a journey freak, you should insure the sum total duration of the trip so that you can enjoy your holiday with complete peace of mind.

Did you understand that the cost of medical care when you are traveling could possibly be extremely high? If you should be already covered under an employer medical health insurance plan or individual/family health insurance plan, you might think that you can travel without worries, but that is not always the case. Many HMOs, PPOs, and state health insurance programs don't cover you if you're not in the United States. Even although you are traveling within the U.S., you may face high charges because a healthcare facility or doctor you go to is not in your neighborhood plan. Travel insurance is fairly inexpensive and bridges that time if you are overseas, providing you peace of mind. If something does happen, you most likely won't be paying for the high cost of medical care out-of-pocket.


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