June 24, 2024

Carri Kennard

Explore New Wonders

What Factors Affect The Cost Of Travel Insurance?

What Factors Affect the Cost of Travel Insurance? | Allianz Global  Assistance

How We Calculate The Cost Of Travel Insurance

Only a few details are asked when you contact Bajaj Allianz International Travel Insurance for a personalised quote on travel insurance online. Only these two elements are considered when determining your costs for different plans:

1. Trip Cost: Your total trip expenses will play a part in determining the cost of travel insurance if your plan includes trip cancellation or trip interruption benefits. It makes sense: It costs much more to reimburse you for a Rs. 5,00,000 luxury safari than a Rs. 50,000 beach house rental if you submit a claim for a covered trip cancellation. Claims are subject to terms and conditions set forth under the travel insurance policy.

Make sure to enter trip costs when requesting a quote accurately. Any travel costs you accrue before your departure date are included in your total trip and hotel and airfare costs. 

2. Age: Like any insurance, the price of travel insurance online is determined by risk. Travel insurance costs increase with age because older travellers are more likely to experience health issues. However, this does not imply that older travellers cannot afford travel insurance. Find a plan that fits your budget by comparing quotes. Claims are subject to terms and conditions set forth under the travel insurance policy.

3. Travel Destination Impact: The cost of our Travel Insurance Policy varies based on your chosen travel destination. We offer two coverage options: “Worldwide including USA and Canada” and “Worldwide excluding USA and Canada.” This distinction is essential as healthcare costs and other factors differ between countries. By tailoring our coverage to specific destinations, we aim to provide you with a premium that aligns with the unique risks associated with your chosen place of travel. Download the travel insurance app to manage you policy.

4. Duration: The number of days you plan to spend at your destination, along with the chosen sum insured, significantly influences your premium amount. Whether it’s a short 7-day trip or an extensive 3-month adventure, our Travel Insurance Plans are designed to cover you. 

5. Sum Insured: The sum insured plays a pivotal role—the higher the medical coverage, the greater the premium. It’s crucial to assess your coverage needs carefully, ensuring that you choose a sum insured that provides adequate protection for your specific travel-related risks.

In conclusion, when obtaining a personalized quote for travel insurance online from Bajaj Allianz, accuracy in providing information about your age, travel destination, duration, and desired sum insured ensures that you receive a comprehensive and tailored plan. You can use a travel insurance app to manage you policy on the go.

By understanding the specific risks associated with age, destination, and travel duration, we ensure that our customers receive the right coverage at a fair and competitive price. As travelers embark on their journeys, our commitment is to offer not just financial protection but also peace of mind, allowing them to explore the world with confidence and security. 

Get insured anytime, anywhere! Check out Bajaj Allianz General Insurance website to learn more and download the app now.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.