Everyone craves for vacations to enjoy some quality time with their nearest and dearest and Indians are no exception. The outbound travel industry of India saw a strong growth this year because global travel destinations are tremendously sought-after among Indians in 2015. Obstacles like inflation, skyrocketing ticket cost and depreciation of rupee could not deter the drifting spirit of Indian travelers to travel around the world. Over 60 percent of Indians remain unmoved from the depreciating rupee and are raring to go to travel. However, the speed of availing travel insurance to safeguard the trip is still gloomy one of Indian travelers.
Young generations prefer to visit international destinations after per year at least. According to a survey, 90% of these travelers make use of their own savings for overseas trips and do not consider travel pay. Quite surprisingly, this is the mindset of young online savvy generation as ICICI Lombard conducted the poll in the age group of 25-35 among 1049 individuals across six metro cities in India who had international trips in the previous calendar year.
The survey further shows that Singapore is the most favorite travel destination amongst young Indian travelers; the third and second places are held by US and UK.
Let us take a look at the travel plans available and their costs for those who favor these destinations. Let us begin with Singapore.
Travel insurance programs available for Singapore excursions
The next listing of top 5 policy quotes in terms of cheapest premium are for one 30 years old man looking for a solitary trip to Singapore. The trip length is 10 days and the selected amount insured is US$ 500000.
TATA AIG – Premium of Rs. 1234
Religare – Premium of Rs.1666
The lowest premium will be Rs. 942 to get a travel insurance plan to get a 10 days trip to any Asian country such as Singapore, Thailand. This implies one has to spend less than Rs. 100 daily to make his trip secured and safe. Indian travellers should know that travel programs aren’t only cheap but they also offer coverage for loss of luggage, passport, hijack and even crisis therapy.
Travel Insurance strategies available for UK excursions
The next listing of top 5 coverage quotes in terms of lowest top are for 1 individual looking for a single trip to UK. The trip duration is 10 times and the chosen amount insured is US$ 500000.
Reliance – Premium of Rs. 1129
Bajaj Allianz ( Travel Elite Platinum) – Premium of Rs. 1139
Universal Sompo supplies the cheapest premium. The premium of travel insurance program can also be Rs. 942 to get a 10 days trip To UK.
Travel insurance policies for US trips
The next list of high 7 policy quotations in terms of lowest top are for 1 person looking for a single trip to US. The trip duration is 10 days and the selected amount insured is US$ 500000.
Universal Sompo – Premium of Rs. 1344
HDFC Ergo – Premium of Rs. 1438
Bajaj Allianz – Premium of Rs.1441
IFFCO-TOKIO – Premium of Rs.1456
Bajaj Allianz ( Travel Elite Platinum) – Premium of Rs. 1658
TATA AIG – Premium of Rs. 1694
Reliance – Premium of Rs. 1783