The year 2020 saw all of us huddled indoors due to the COVID-19 pandemic. If anything, it ignited a fire in us to take every opportunity to travel. However, the year also helped us realize the importance of health and safety, and this is where travel insurance comes into the picture. Travel insurance protects us against unexpected financial liabilities that may arise during the course of your travel. It helps us relax and enjoy our travel stress-free, knowing we are indemnified against unexpected risks and accidents. Annual Report of India’s Insurance Regulatory and Development Authority for the year 2019-20 reveals that the total gross premium received amounted to Rs. 187.87 crores, which marked an increase in growth of business of about 62% as opposed to the year 2018-19.
Insurance service providers like Care Insurance offer numerous benefits to their travel insurance policyholders. Some of them include no per ailment limit or upper age limit, coverage for pre-existing diseases, business class upgrade during travel, cashless settlement, region-specific plans, per day rates as opposed to slabs, automatic doubling of the sum insured, etc. All these features not only afford protection during travel but also make sure that the travel is enjoyable for the policyholder.
Choosing from the many insurance service providers in the market is not an easy task. This is made easy by the travel insurance premium calculator. It provides you with information on the premium that best suits your needs in an instant. A travel insurance premium is dependent on various factors like age of the policyholder, pre-existing health conditions, duration of the trip, the destination of travel, add-on benefits, etc. A travel insurance premium calculator considers all these factors as it provides you with an approximate premium you will have to pay.
You can choose the right travel insurance plan without anybody else’s help using a travel insurance premium calculator. Given below are some other benefits of using a travel insurance calculator.
1. Set the budget for your trip
Travel insurance will cover the essential protection you need when you travel within the country or abroad. Using a travel insurance premium calculator, you will be able to determine the quantum of premium you should pay to get the cover you require. Once this amount is determined, you can figure out how much more money you would like to spend on the trip. As it is essential spending, determining the travel insurance premium first will give you a good sense of setting the rest of the budget.
2. Choose travel insurance plans easily
A travel insurance premium calculator helps you choose the travel insurance plan that is right for you in an instant. It will assess your needs and provide you with the approximate premium amount that will cover all your needs. This will allow you to easily narrow down your search and choose the plan that best suits you. Without a travel insurance premium calculator, you will be forced to go in blind and look through multiple insurance plans and choose one without being entirely sure that all your needs will be covered with the premium amount you have chosen to go with. Enjoy stress-free travel planning using a travel insurance premium calculator.
3. Compare different policies easily
A travel insurance premium calculator gives you information regarding premiums in an instant. You can use this tool to compare the premium amounts of different travel insurance plans. This will allow you to choose the travel insurance plan that best suits your budget and needs. Most people make the mistake of going with the first travel insurance plan they see simply because the task of comparing plans and premiums is cumbersome. However, with a travel insurance calculator, you will be able to conduct comparisons in just a fraction of the time taken otherwise and make a sound decision.