Travel Insurance Premium Calculator

What is the Travel Insurance Premium Calculator?

A travel insurance premium calculator helps you figure out how much money (premium) you need to pay for your travel insurance plan. Since there are a variety of policies and add-ons available in India, there can't be a flat price for those products. Your needs and budget also play an important role, which can make it difficult for you to get an estimate of your travel insurance cost.

By using a travel insurance calculator, you will have a cost estimate for the plan you choose. This particular plan will include all the benefits you want, allowing you to select those options that will be ideal for you and any co-travellers. You can calculate the premium in just a couple of minutes or less, thanks to this calculator.

Benefits of Travel Insurance Premium Calculator

Travel insurance premium calculator helps you find accurate information within a few minutes, letting you make an informed decision. With the help of a travel insurance cost calculator, you can compare various travel insurance quotes and zero in on the best travel insurance policy that suits your budget and other requirements.

Why Use Policybazaar Premium Calculator for Travel Insurance?

While planning any trip a travel checklist is important, right from packing all the essentials to having a travel itinerary you plan for every possible aspect so that you have a memorable trip. However, uncertainties do not come knocking. Here are some advantages of a policybazaar premium calculator while buying travel insurance:

• Hassle-free: With the help of the calculator, you can plan ahead and buy the policy you want instead of settling for anything else without any worrying.
• Pick the Right Policy Available: You can easily compare different plans thanks to the travel insurance premium calculator and know which one offers you the most at the same price.
• Plan Expenses Effectively: Once you're sure about the expenses of your insurance, you can focus on other things to prepare your trip, according to your budget.
• No need for the Middleman: So many people can't find enough time to meet travel insurance consultants or agents. Thanks to the calculator, you can not only compare plans but also learn about any additional charges, like hidden fees, add-on charges, etc. All this can be done in a few minutes without anyone's assistance!

Therefore, secure your trip with a travel insurance policy. A travel insurance premium calculator takes into consideration all the subtleties related to your trip to give you an estimate of the premium of the selected travel insurance policy.

What Does Travel Insurance Premium Mean?

While buying any travel insurance policy, the price or fees that you end up paying are referred to as a travel insurance premium.

There's a very popular saying that if you cannot afford to buy a travel insurance policy, then you cannot afford to travel. The money you pay for your travel insurance plan is called a travel insurance premium.

Travel insurance policy is prudent as it protects you from any unwanted financial expense that, may incur due to any unforeseen event while you are travelling. Any medical or travel-related issues can easily ruin your trip. Therefore, regardless of whether you are travelling for a short period or a longer period, do not take off without a comprehensive travel insurance policy.

While buying travel insurance policy choose different coverages, which is important such as loss of passport, loss of checked-in baggage, medical expenses, trip curtailment/ cancellation, personal liability and much more.

What's more, many insurers also offer a range of add-ons with travel insurance plans. These add-ons cover situations that are otherwise not covered by a plan. But here's the catch- this additional coverage costs you an additional premium, which will increase your overall premium for travel insurance.

In simple words, the cost you pay to the travel insurance provider while buying a travel insurance policy is known as the travel insurance premium.

How is the Travel Insurance Premium Calculator Useful?

Whether buying a domestic travel insurance policy or overseas, it's always good to know how much your travel insurance premium will cost you.

The thought is to avail the maximum coverage as per the requirement at the minimal cost possible. However, that does not imply that you should buy the cheapest travel insurance policy. Usually, such plans only offer minimal coverage for the cost you pay.

It is better to buy travel insurance online and use a travel insurance premium calculator, which will help you to be aware and know in advance of the travel insurance premium cost that you will have to bear when buying the plan. Here are some other advantages of using a travel insurance premium calculator online:

• Get to know the travel insurance estimate premium that you will have to bear before purchasing travel insurance
• Get to compare travel insurance coverage and premium cost provided by various travel insurance providers in one place
• The travel insurance premium calculator is an online tool, so you do not need to visit the insurer physically
• Ease of accessing any information related to the travel insurance coverage and premium rate at any point in time from anywhere
• In case you wish to remove or add any cover, you can do so and witness the change in the premium
• Last but not least, it helps you to choose the best travel insurance policy without compromising your budget

What Factors Affect Travel Insurance Premium?

Now, let us have a quick understanding of the factors which affect the travel insurance premium listed below:

1. Age of the Traveller

   In case you are unaware of this fact, the age of the traveller does play an important role in determining the travel insurance premium. The travel insurance premium for a senior citizen would be higher compared to a college-going individual.

2. Travel Destination

   The travel insurance premium also differs from one destination to the other. For instance, the travel insurance premium for the USA will be different from that of Malaysia and so on. Expensive countries will automatically cost you more travel insurance premiums.

3. Trip Duration

   The duration of your trip also affects the premium of your travel insurance policy. Various travel insurance plans are offered depending upon the duration of the trip, based on which the travel insurance premium also varies.

4. Trip Frequency

   Travel insurance premium depends on your trip duration, but if you are a frequent traveller thenen the total cost of all your individual travel insurance policies may cost more than an annual plan. . If you are travelling to a destination frequently, you can avail multi-trip travel insurance policy. If you are travelling to the destination for once you can opt for a single-trip travel insurance policy.

5. Coverage Opted

   Travel insurance coverage is the most important aspect of your travel insurance policy. The cover you opt for will provide you with security for the same during your trip. Remember, the greater the coverage the higher will be the premium of your travel insurance.

6. Travel Insurance Add-on Covers

   An add-on cover essentially enhances your travel insurance policy as it provides an extra layer of protection. Add-on covers come with an additional price, which increases your travel insurance premium.

7. Sum Insured

   In case you do not know, the sum insured amount you opt for has a direct impact on the travel insurance premium. Clearly, the higher the sum insured, the more you will have to pay for the travel insurance premium.

How to Use the Travel Insurance Premium Calculator by Policybazaar?

Policybazaar provides a travel insurance premium calculator and helps you buy a travel insurance policy in India.

Sitting at the comfort of your home or from your office, you can easily compare travel insurance premiums on Policybazaar.com

How to Use the Travel Insurance Calculator?

The following are the steps to use Policybazaar's travel insurance premium calculator, which is easy and customer-friendly:

• Browse the website of Policybazaar
• Next, select travel insurance
• Complete the required information asked in the travel insurance calculator, such as the age of the traveller, the destination travelling and the date of travel
• Choose if you will be travelling for a single or multiple trips
• Mention your medical condition (if any)
• Click on the 'proceed' tab
• Submit your personal details- Name, Mobile Number & Email
• Click on the 'Get Free Quotes' tab

You will get travel insurance premium rates from different travel insurance providers

You can easily collate the premiums charged by the different travel insurance policies calculated by the travel insurance premium calculator.