Take a fresh look at your lifestyle.

The Different Constituents That Impact Travel Insurance Premiums

Did you know that Japan is more prone to natural disasters like earthquakes and tsunamis, and therefore the premium rates on travel insurance in Japan are the highest among all of the countries in Asia?

You should be aware that the premiums for travel insurance to countries like Canada and the United States may be higher than for the South East Asian countries. This is because the cost of medical care in these countries is significantly higher than in South East Asian countries. Bajaj Allianz travel insurance is known to provide medical coverage at a reasonable premium amount.

Budgeting is the most crucial aspect of planning vacations, and part of this process should involve allocating money for insurance. Whether you are going to an international or an Indian destination, it is important to have a good idea of the factors that determine the amount of premium you may have to pay for your policy. The following are some of the most critical aspects that contribute to the overall cost of the premium that you pay for your travel insurance policy:

  1. Sum insured: The amount of coverage you purchase may have a direct bearing on the cost of the premium that you have to pay. When determining the amount of coverage you need, remember to consider the location.


Costs associated with your medical coverage would be a significant component of the amount of money protected by your travel insurance. For e.g. When travelling to Thailand, research the medical expenses over there and buy travel insurance for Thailand if deemed suitable. *

  • The type of insurance plans: The primary varieties of travel insurance plans include single-trip plans, multi-trip plans, student plans, senior citizen plans, and so on. Your choices would determine how much you would have to pay in premiums.


Check out the various Bajaj Allianz travel insurance plans available online and check out the premium for various options. This can help you better understand how the choices affect your premium. *

  • Coverage: You have the option to request additional coverage from your travel insurance policy. For instance, extend the coverage to include insurance for your home, protection against the dangers associated with adventure sports, insurance for expensive things and essential documents and files, etc. *
  • Duration of stay: The length of your stay could have a direct bearing on the cost of your premium, which may increase as the length of your stay increases. In case you decide to extend your stay, you may conveniently do a Bajaj Allianz travel insurance renewal process online when insured by Bajaj Allianz. *
  • Trip location: As was said earlier, your trip’s geographical location can impact the cost of the premium you pay for your travel insurance. *
  • Age and health: Your age and overall health could be significant factors when underwriting the policies that cover your vacation. For example, pre-existing diseases and conditions that have arisen as a result of substance misuse or alcoholism may not be covered by travel insurance. *

* Standard T&C Apply

It would be a wise decision to purchase travel insurance. Just remember to ensure you have performed an exhaustive analysis before selecting a travel insurance plan.

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.

Comments are closed.