Young generations prefer to travel to international destinations annually at least. In accordance with a survey, 90% of those travelers utilize their particular savings for overseas trips and don't consider travel cover. Quite surprisingly, here 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 most preferred travel destination among young Indian travelers; the 2nd and third places are held by US and UK.Let's have a consider the travel plans available and their prices for folks who favor these destinations. Let's start with Singapore.If you compare travel plans readily available for couples who wish to see UK, keeping the same criteria for trip duration, sum insured and age of the traveler, Religare provides the best plan. The premium of the plan is Rs. 1537. Travel care plan
For a visit in countries like Singapore, Thailand within Asia which has been the most truly effective travel destination of 2015, a couple has to pay even less for a journey insurance policy. In the event that you compare travel insurance plans that cover Asia, you are certain to get the lowest premium of Rs. 1218 from Explore Asia plan supplied by Religare.
The positive the main survey could be the increased awareness among Indian travelers. More than 90% of young generation knows the travel insurance which is a significant rise from last year's 80%. Among the major provider of travel insurance plans in India; ICICI Lombard underwritten an overall total travel insurance premium of Rs 100 previous year, one can expect the premium to increase by 5-10% in this year. The thing is not with the awareness; it is the possible lack of understanding about the huge benefits associated with these travel covers.
27% of the sum total respondents in the survey choose to not avail a travel insurance plan simply because they were under the wrong conception that such plans cover only accidents, loss in baggage and theft but don't provide medical coverage. This is definately not being the truth as the complete break-up of Titanium plan by HDFC ERGO shows extensive coverage for medical emergencies.
25% surveyed people didn't buy any travel plan since they thought such plans are costly but it's not so. The price of all plans for person mentioned here are about significantly less than Rs. 100 to less than Rs. 140 for every single day of a 10 days trip. Travel insurance policies for couples are even cheaper while they cost in the range of less than Rs. 65 each day per person to less than Rs. 125 daily 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 provides a lot in return. If you should be also a journey freak, you need to insure the sum total duration of the trip so that you can enjoy your holiday with complete peace of mind.
Did you realize that the expense of medical care when you're traveling could be extremely high? If you should be already covered under an employer health insurance plan or individual/family health insurance plan, you may think as possible travel without worries, but that's not always the case. Many HMOs, PPOs, and state medical health insurance programs do not cover you if you're not in the United States. Even if you are traveling within the U.S., you could face high charges because a healthcare facility or doctor you head to isn't in your local plan. Travel insurance is fairly inexpensive and bridges the period when you are away from home, providing you peace of mind. If something does happen, you almost certainly won't be spending money on the high cost of medical care out-of-pocket.
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