When you buy a Travel insurance plan, There are certain factors you need to look into before deciding the right cover. It is important and advisable to understand your needs. Let us look at important factors that determine the coverage amount:-

Where am i going?

The destination that you are travelling is the most important factor to consider before buying a travel insurance policy. Medical cover is the main feature one needs to consider while opting for a travel insurance policy. Medical cost in certain countries is significantly costlier. It is important to decide the sum insured on the basis of the country you are travelling to.

The premium for countries like usa, uk, australia, canada, etc. Are higher as the cost for medical is higher.

Duration of the visit?

When you travel to a foreign land it means you might be staying for a longer period. Longer stay means you end up paying a higher premium. In case you have planned to stay for a period of 15-30 days then you can opt for a single trip travel plan. However, if you are a frequent traveler, then opt for an annual multi-trip to save some money. An annual multi-trip is valid for a year and covers any number of trips with a duration of 30-40days per trip.

The purpose of your trip?

When you are on a holiday are you the one who just wants to sleep, eat and sightseeing types or want to do some adventurous activities, is something you need to decide before opting for a travel plan. It is important to know the purpose your trip and accordingly plan for buying one.

Age:

Age plays an important factor while buying a cover. If there is a senior citizen who is travelling abroad, it is advisable to buy a cover which offers pre-existing illness in special situations and higher sum insured.

While buying a travel insurance plan, you need to understand your needs and the location you are travelling. Usually, a cover between $1.5lac to 2.5lac is an adequate amount for buying a travel insurance policy.