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Overseas Travel Insurance Plans - Costs Less and Offers More from nicholasknight's blog

Everyone craves for vacations to savor some quality time using their family members and Indians are no exception. The outbound travel sector of India saw a powerful 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 across the world. Over 60% of Indians remain unmoved by the depreciating rupee and are raring to go to travel. However, the rate of availing travel insurance to safeguard the trip remains dismal among Indian travelers.


Young generations prefer to travel to international destinations once a year at least. In accordance with a survey, 90% of those travelers utilize their very 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 generation of 25-35 among 1049 people across six metro cities in India who had 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 look at the travel plans available and their prices for many who favor these destinations. Let's begin with Singapore.If you compare travel plans readily available for couples who wish to visit UK, keeping the same criteria for trip duration, sum insured and age of the traveler, Religare provides the very best plan. The premium of the master plan is Rs. 1537.


For a vacation in countries like Singapore, Thailand within Asia that has been the most effective travel destination of 2015, a few has to pay even less for a vacation insurance policy. If you compare travel insurance plans that cover Asia, you will get the lowest premium of Rs. 1218 from Explore Asia plan supplied by Religare.  Travel care plan


The positive the main survey may be the increased awareness among Indian travelers. More than 90% of young generation understands 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 a total travel insurance premium of Rs 100 previous year, you can expect the premium to boost by 5-10% in this year. The thing is not with the awareness; it is having less understanding about the huge benefits associated with these travel covers.


27% of the full total respondents in the survey choose never to avail a vacation insurance plan since they were under the wrong conception that such plans cover only accidents, loss in baggage and theft but don't provide medical coverage. This really is far from being the facts 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 simply because they thought such plans are costly but it is not so. The buying price of all plans for person mentioned listed here are about significantly 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 while they cost in the number of less than Rs. 65 each day 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 pay their holidays in international destinations. An international travel insurance plan doesn't cost much and supplies a lot in return. If you're also a travel freak, you must insure the total duration of the trip so you can enjoy your holiday with complete peace of mind.


Did you know that the cost of medical care if you are traveling might be very high? If you should be already covered under an employer medical insurance plan or individual/family medical insurance plan, you might think as possible travel without worries, but that's not always the case. Many HMOs, PPOs, and state medical health 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 go to isn't in the local plan. Travel insurance is rather inexpensive and bridges that time if you are abroad, 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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