Travel Insurance Premium Calculator
Travel Insurance Premium Calculator
No matter how carefully you plan your trip, how brilliant the destination is, or how luxurious your hotel is, your trip can go south very quickly in the absence of travel insurance. Therefore, one of the most important things you can do while planning a trip is to #ThinkAhead and purchase travel insurance.
Of course, before you purchase one, you need to look at plans and compare costs- and that’s where a travel insurance premium calculator comes in
What is a Travel Insurance Premium Calculator?
A travel insurance premium calculator lets you figure how much you need to pay for your insurance policy. With a wide variety of policies and features available, choosing a plan that’s right for you can be confusing. But a travel insurance calculator gives you an estimate of how much a particular plan can cost you inclusive of all the features you want, allowing you to pick one that is the most ideal for you and your family. The entire exercise takes just a couple of minutes and can be accessed at any time and from anywhere.
Benefits of a Travel Insurance Premium Calculator
There are some clear benefits of using a travel insurance premium calculator India.
Let’s see what they are:
1. Hassle-Free Experience: When you know how much a policy is going to cost, you can plan its cost ahead and avoid worrying about it closer to your trip.
2. Picking the Best Option: With a travel insurance calculator, you can compare between plans and pick one that offers the best benefits at a cost you can afford.
3. Plan your Trip Expenses: With a travel insurance premium calculator, you know exactly how much you will be spending on your insurance needs. This allows you to plan your budget for other travel expenses, such as hotel bookings, flight tickets, etc.
4. Eliminates the Middleman: Dealing with insurance agents can be tiring and time-consuming. Moreover, there could be hidden fees to cover the costs incurred by them. With an insurance calculator, you can compare travel insuranceplans, include add-ons and buy a plan that meets your requirements all by yourself.
How to Use a Travel Insurance Premium Calculator
Using a travel insurance calculator is very easy. All you need to do is follow these steps on the TATA AIG website:
Step 1 : Enter your Travel Destination, the travel start & end date.
Step 2 : Provide details such as the number of travellers, their date of birth and a mobile number for policy updates & servicing. If you are a frequent traveller, make sure you select the option for multiple trips.
Step 3 : Compare the plan options provided and choose the one suitable for your needs.
After you choose the option, make the payment through your preferred options for coverage during your trip.
Factors that Effect Travel Insurance Premium Cost
When picking a travel insurance policy, the following factors can play a crucial role in determining the premium value:
1. Your Age
Just as with life or health insurance, your age can affect the premium for travel insurance. The older you are, the higher your premium is likely to be.
2. Duration of Trip
The premium cost for longer trips is usually more. The chances of a mishap are higher during a longer trip, so you might be charged a higher premium.
Countries & Destination where the cost of living and medical expenses are high tend to have a direct impact in the premiums you pay. Moreover, political, economic, and sociological issues can also affect the travel insurance premium cost. Similarly, going to a country with a high rate of theft, accident, riot, etc. might mean that you will have to pay a higher premium.
Tata AIG's International Travel Insurance covers you to any destination you plan on traveling to
Tata AIG's Domestic Travel Insurance covers you for your travels within india's borders
4. Travel frequency
Based on how often you travel, you can pick a single trip plan or a multi-trip plan. The premiums, features, and add-ons for both would differ, but you might be able to get a lower quote if you travel frequently.
5. Sum Insured
A large sum Insured will naturally entail a higher premium, while a smaller sum Insured would cost less.
Using a travel insurance premium calculator online means that you can tick off an important part of your trip way ahead and reduce your stress. When you choose a plan, make sure you give the accurate details and choose the required coverage so that you can be covered as per your needs.