Everyone craves for vacations to savor some quality time with their loved ones and Indians are no exception. The outbound travel sector of India saw a robust growth this year 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 travel across 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 shield the trip is still dismal among Indian travelers. Travel care plan
Young generations prefer traveling to international destinations once a year at least. According to a survey, 90% of these 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 bracket 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 probably 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 those who favor these destinations. Let’s begin with Singapore.If you compare travel plans readily available for couples who wish to see UK, keeping the exact same criteria for trip duration, sum insured and age of the traveler, Religare provides the most effective plan. The premium of the plan is Rs. 1537.
For a visit in countries like Singapore, Thailand within Asia that has been the very best travel destination of 2015, a few has to pay even less for a journey insurance policy. If you compare travel insurance plans that cover Asia, you can get the best premium of Rs. 1218 from Explore Asia plan supplied by Religare.
The positive part of the survey could be the increased awareness among Indian travelers. A lot 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 problem is not with the awareness; it is having less understanding about the huge benefits associated with your travel covers.
27% of the total respondents in the survey choose not to avail a journey 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 really is far from being the reality as the whole 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 is not so. The price of all plans for person mentioned listed below are about 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 because they cost in the range of significantly less than Rs. 65 daily per person to less than Rs. 125 each day per person for destinations like US, UK and all countries in Asia including popular destinations like Singapore, Thailand.Indians love to spend their holidays in international destinations. An international travel insurance plan doesn’t cost much and offers a lot in return. If you are also a travel freak, you must insure the total duration of the trip so that you can enjoy your holiday with complete peace of mind.
Did you realize that the cost of medical care when you’re traveling might be extremely high? If you are already covered under an employer health insurance plan or individual/family medical insurance plan, you may be thinking that you could travel without worries, but that is not necessarily the case. Many HMOs, PPOs, and state medical insurance programs don’t cover you if you’re not in the United States. Even though 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 rather inexpensive and bridges that point when you are abroad, giving you peace of mind. If something does happen, you most likely will not be investing in the high cost of medical care out-of-pocket.