Everyone craves for vacations to savor some quality time making use of their loved ones and Indians are no exception. The outbound travel sector of India saw a robust 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 travel across the world. Over 60% of Indians remain unmoved by the depreciating rupee and are raring to visit travel. However, the rate of availing travel insurance to shield the trip continues to be dismal among Indian travelers.
Young generations prefer to visit to international destinations once a year at least. In accordance with a survey, 90% of the travelers make use of 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 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 next and third places are held by US and UK.Let's have a consider the travel plans available and their prices for many who favor these destinations. Let's start with Singapore.If you compare travel plans readily available for couples who wish to visit 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 program is Rs. 1537. Travel care plan
For a visit in countries like Singapore, Thailand within Asia which has been the most effective travel destination of 2015, a couple has to invest even less for a travel insurance policy. If you compare travel insurance plans that cover Asia, you can get the lowest premium of Rs. 1218 from Explore Asia plan given by Religare.
The positive the main survey could be the increased awareness among Indian travelers. More than 90% of young generation understands 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 an overall total travel insurance premium of Rs 100 previous year, you can expect the premium to increase by 5-10% in this year. The thing is not with the awareness; it's 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 journey insurance plan simply because they were under the wrong conception that such plans cover only accidents, loss of baggage and theft but don't provide medical coverage. That is definately not being the facts 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 because they thought such plans are costly but it is not so. The price of all plans for person mentioned listed below are about significantly less than Rs. 100 to less than Rs. 140 for every day of a 10 days trip. Travel insurance policies for couples are even cheaper while they cost in the number of significantly less than Rs. 65 each day per person to significantly 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 spend 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 travel freak, you should insure the full total duration of the trip so you can enjoy your holiday with complete peace of mind.
Did you know that the expense of medical care if you are traveling could possibly be extremely high? If you are already covered under an employer medical health insurance plan or individual/family medical insurance plan, you may think that you can 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 are 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 head to is not in your local plan. Travel insurance is pretty inexpensive and bridges the period when you're abroad, providing you peace of mind. If something does happen, you almost certainly will not be spending money on the high cost of health care out-of-pocket.