Travel Insurance Plans Are a Lucky Charm Indeed

Everyone craves for vacations to take pleasure from some quality time making use of their family members and Indians are no exception. The outbound travel sector of India saw a strong growth in 2010 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 traveling 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 shield the trip remains dismal among Indian travelers.

Young generations prefer to visit to international destinations annually at least. Based on a survey, 90% of these travelers utilize their own savings for overseas trips and don't consider travel cover. Quite surprisingly, this is actually 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 earlier year.The survey further reveals that Singapore is the absolute most preferred travel destination among young Indian travelers; the next and third places are held by US and UK.Let's take a look at the travel plans available and their prices for folks who favor these destinations. Let's focus on Singapore.If you compare travel plans 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 most effective plan. The premium of the master plan is Rs. 1537.  Travel care plan

For a vacation in countries like Singapore, Thailand within Asia which includes been the top travel destination of 2015, a few has to spend even less for a journey insurance policy. If you compare travel insurance plans that cover Asia, you are certain to get the lowest premium of Rs. 1218 from Explore Asia plan provided by Religare.

The positive part of the survey is the increased awareness among Indian travelers. Significantly more than 90% of young generation is aware of the travel insurance which 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, you can expect the premium to boost by 5-10% in this year. The problem is not with the awareness; it is the possible lack of 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 simply because they were under the wrong conception that such plans cover only accidents, lack of baggage and theft but don't provide medical coverage. This really 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 since they thought such plans are costly but it is not so. The price tag on all plans for person mentioned listed here are about less than Rs. 100 to significantly 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 range of significantly less than Rs. 65 daily 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 invest their holidays in international destinations. An international travel insurance plan doesn't cost much and supplies a lot in return. If you are also a vacation freak, you ought to insure the sum 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 could be extremely high? If you're already covered under an employer medical insurance plan or individual/family medical insurance plan, you may think as you are able to travel without worries, but that is not always the case. Many HMOs, PPOs, and state medical insurance programs don't cover you if you should be not in the United States. Even though you are traveling within the U.S., you may face high charges because a medical facility or doctor you head to is not in your local plan. Travel insurance is rather inexpensive and bridges that point when you are overseas, giving you peace of mind. If something does happen, you most likely won't be paying for the high cost of medical care out-of-pocket.