Young generations prefer traveling to international destinations one per year at least. In accordance with a survey, 90% of those travelers make use of their own 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 age group of 25-35 among 1049 people across six metro cities in India who'd international trips in the previous year.The survey further reveals that Singapore is the most preferred travel destination among young Indian travelers; the second and third places are held by US and UK.Let's take a go through the travel plans available and their prices for folks who favor these destinations. Let's begin with Singapore.If you compare travel plans designed for couples who wish to go to UK, keeping exactly 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.
For a vacation in countries like Singapore, Thailand within Asia that has been the top travel destination of 2015, a few 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 lowest premium of Rs. 1218 from Explore Asia plan given by Religare.
The positive part of the survey may be the increased awareness among Indian travelers. Significantly more than 90% of young generation is aware of the travel insurance which really is a significant rise from last year's 80%. One of the major provider of travel insurance plans in India; ICICI Lombard underwritten a complete travel insurance premium of Rs 100 previous year, it's possible to expect the premium to increase by 5-10% in this year. The thing is not with the awareness; it's the lack of understanding about the benefits associated with one of these travel covers.
27% of the full total respondents in the survey choose never to avail a journey insurance plan simply because they were underneath the wrong conception that such plans cover only accidents, lack of baggage and theft but don't provide medical coverage. This really is far from being the facts 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 because they thought such plans are costly but it's not so. The price of all plans for person mentioned listed here are about less than Rs. 100 to significantly less than Rs. 140 for each day of a 10 days trip. Travel insurance policies for couples are even cheaper because they cost in the product range of significantly less than Rs. 65 per day per person to 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 pay their holidays in international destinations. An international travel insurance plan doesn't cost much and provides a lot in return. If you're also a journey freak, you ought to insure the total duration of the trip so that you can enjoy your holiday with complete peace of mind.
Did you understand that the price of medical care if you are traveling might be extremely high? If you should be already covered under an employer medical insurance plan or individual/family medical health insurance plan, you may be thinking as you are able to travel without worries, but that's not necessarily the case. Many HMOs, PPOs, and state medical insurance programs do not cover you if you should be not in the United States. Even although you are traveling within the U.S., you might face high charges because a medical facility or doctor you visit is not in your local plan. Travel insurance is fairly inexpensive and bridges the period when you are abroad, providing you peace of mind. If something does happen, you probably won't be spending money on the high cost of healthcare out-of-pocket.
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