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To save money on #travelinsurance, look for a plan that includes all the benefits you need and leaves out the ones you don’t. When choosing a travel #insurance plan, consider all options because there is a wide range of policies out there for every type of trip and budget. Educating yourself on #travel #insurance gives you more cost effective options when choosing a plan, and ensures you get the most bang for your travel insurance buck. Let’s go through three of the most common types of travellers and which policy might be right for them. 1. The home body #traveller that is voyaging within #Canada and is just looking for coverage on trip cancellation/interruption and lost baggage. They should consider a non-medical plan. 💡 Do not forget about your Canada medical plan, provinces do not guarantee full coverages within inter-provincial agreements. 💡 2. Next, the seasoned traveller looking to plan multiple trips in a year, whether #domestic or #international. You can save a lot of money by opting for a multi-trip annual plan or a new Annual Flex plan that can cover you for 365 days. This allows you to pay a one-time fee for travel all year long. This plan is popular amongst retirees looking to explore multiple destinations. This plan also works great for the traveler looking to jump across for some shopping 🛒 , get gas⛽ or to watch a sporting event. 🥅 ⚾ 🏈 3. Lastly, the budgeted or that one dream trip traveller that is only looking for #coverage for one trip. They may have a few prepaid expenses but still need emergency medical and transportation benefits. A single trip policy would best suit this traveler. The best way to find out how much travel insurance would cost for your trip(s) is to get a personalized quote with a travel insurance #broker and compare different plans. It’s also important to note that if you have a travelling companion or you’re venturing with family, a bundle price could be the cheapest and best option for you. It’s important to #educate yourself and to be aware of all policy options so that you can get the best protection for the best price. This pivotal step in your trip booking process can save you an abundance of unnecessary time and money if emergency strikes. Stay tuned for more of my travel insurance insights! 🌎 ✈️

Travel Insurance Market: Global Industry Analysis and Forecast (2023-2029) Ge Info : https://shorturl.at/dlpNR Market Size and Growth: The travel insurance market was valued at USD 21.46 billion in 2022 and is expected to grow at a CAGR of 16% from 2022 to 2029, reaching nearly USD 21 billion by 2029. Market Drivers: Factors driving the growth of the travel insurance market include booming post-pandemic tourism demand, technological advancements, and increasing government regulations related to travel and insurance coverage. Segment Analysis: The market is segmented based on insurance coverage, distribution channels, and end-users. Single-trip travel insurance is the dominant segment, followed by annual multi-trip travel insurance. Insurance companies are the leading distribution channel, with banks expected to have the highest CAGR during the forecast period. #TravelInsurance #MarketTrends #InsuranceIndustry

Great & Insightful Article! Speaking from experience, it's true most of the clients purchase travel insurance for them to obtain visa on a particular country as it is mandatory to some of countries to have travel insurance package, instead travel insurance has potential benefits to travelers includes covering emergency medical expenses he/she is in abroad countries and more mentioned benefits as per article. In light of the partnership between NMB Bank Plc and Reliance Insurance Company (T) LTD on local travel insurance. Such partnerships also help bridge the knowledge gap around insurance. Press the link below https://lnkd.in/e5GP75hG This initiative (introduction of local travel insurance package) will surely set the stage for other insurers to follow suit, paving the way for increased financial security for Tanzanian travelers. Kudos to CRDB Insurance Company 🥂 Here are some insightful questions focused on the local travel insurance; 👉🏽Will the local travel insurance policy offer coverage for different modes of transport like buses, ferries, train and air travel or will it be tailored for one form of transportation initially? 👉🏽In case of natural disasters, such as floods or road blockages during the rainy season, will local travel insurance cover extended delays, cancellations, or alternative travel arrangements? All in All, This efforts brings us one step closer to a more secure and insured future for domestic travel in the country. Omary Aziz Wilson Mnzava Clevance Mbilinyi Robin Rwegoshora,MSc IAS

Recently, David Wallace, Allianz Partners New Zealand, sat down with Diana Clement from New Zealand Media & Entertainment (NZME) and discussed travel insurance for older travellers. The cost for travel insurance for older people isn't off the scale. To put the cost into perspective, one 81-year-old currently travelling for six weeks in Germany paid $1400 for their travel insurance. This premium included an additional premium of $147 to cover Parkinson's disease, which was a declared, assessed and approved pre-existing medical condition. This policy had unlimited medical cover, baggage, cancellation, and all the other regular risks covered by travel insurance. Given what can go wrong on trips, anyone who can't afford travel insurance can't afford to travel. Declaring, being assessed and paying the extra premium for a pre-existing medical condition is well worth it. Falling ill overseas can be a very costly business. The risk of not having travel insurance is too great, says David. An interesting, must read. https://lnkd.in/g3DEW2wB #AllianzPartners #Allianz #Travel #TravelInsurance #Medical

Travel Insurance and Assistance in Selected Global Markets 2024 International travel and tourism are key elements of the contemporary global economy, but the COVID-19 pandemic dramatically impacted both the travel sector and its associated insurance market, severely interrupting international and domestic travel and changing consumers’ perceptions of the need for travel cover. The pandemic also disrupted existing distribution relationships: travel trade organisations and airlines went out of business, new online-only competitors emerged, and many organisations reconsidered and revised their travel insurance offerings. Average policy prices have also risen, in response to increased claims from higher medical fees and higher travel prices, themselves fuelled by a rise in oil prices since 2021. We have published the first six reports in our Travel Insurance and Assistance in Selected Global Markets 2024 series. The studies investigating the market for stand-alone travel insurance and assistance in Australia, France, Germany, Spain, the UK and the US are now available for purchase on our website: https://lnkd.in/dGuT25a7

Yonder Travel Insurance, a helpful site for comparing travel insurance options, has uncovered some interesting trends for summer 2024 that I want to share. More travelers are prioritizing flexibility in their plans due to increased travel risks, such as unexpected cancellations. Cancel for Any Reason (CFAR) policies, which allow travelers to cancel for any reason and get some money back, have become really popular, with a 92% increase compared to last year. This is because people want peace of mind with their bookings, especially given global uncertainties. Yonder also found out that travelers are choosing shorter trips this year, which shows an increased desire for quick getaways rather than long vacations. And if you're curious about where people are heading, top destinations for this summer include Portugal, Brazil, Japan, South Africa, and Italy. Read more: https://lnkd.in/grES7GZY #PRNewsWire #TravelInsurance #SummerTravel #Summer2024 #TravelTrends #TravelSafety #VacationPlanning #TravelTips

The peace of mind that comes with having Travel Insurance is not comparable to the cost one pays for it. The cost of travel insurance is practically insignificant. So for those who haven't yet thought of purchasing one for their travels before should definitely consider one for their upcoming vacations or business trips. There are many options available from covering a single trip to annual travel policies. #peaceofmind #travel #insurance

In this iPMI Global plans and products review, we explore the Pacific Cross International, Bon Voyage Travel Insurance Plan. With the end of year holiday season upon us, Pacific Cross Insurance reports a high demand for round trip travel insurance plans. Travel insurance plans are important because they provide peace of mind for travellers by offering a variety of benefits, such as coverage for medical expenses, emergency assistance, and travel delays. Jean-Marc Herbet, Regional Business Development Officer at Pacific Cross told iPMI Global, "Bon Voyage Travel plan is ideal for International #travellers who need flexibility on their #travelinsurance benefits and length of #insurance required. From 5 days to 180 days of cover, Pacific Cross provides peace of mind for your next international trip. We price based on country of #departure, not country of #residence, meaning anyone can join going nearly anywhere in the world. We cover year on year over 5 million trips to roughly 90 destinations, and we pride ourselves to be an #insurer #sansfrontier." If you are an #insurancebroker that wishes to sell PCI travel insurance plans, please contact Jean-Marc Herbet, jeanmarc.herbet@pacificcross.com Read the complete article here: https://lnkd.in/etKSypw4

Is travel insurance still a must-have in a post-pandemic world? The answer might surprise you. Whether you’re planning a bucket-list adventure or a quick getaway, having the right protection could make or break your trip. From unexpected cancellations to those “what if” moments, travel insurance isn’t one-size-fits-all anymore. We’ve broken it all down for you—when it’s worth it, what to look for, and how to avoid the pitfalls. Check out our guide and tell us: Do you always buy travel insurance? Share your thoughts and tips on the site! #SmartTravel #TravelInsurance #TravelTips #ConsumerRights #TravelSafely #PostPandemicTravel #TravelPlanning

𝗪𝗵𝘆 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗧𝗿𝗮𝘃𝗲𝗹 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝘀 𝗠𝗼𝗿𝗲 𝗖𝗿𝘂𝗰𝗶𝗮𝗹 𝗧𝗵𝗮𝗻 𝗘𝘃𝗲𝗿 𝗳𝗼𝗿 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗮𝗻𝗱 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀! A global State of Market Survey has suggested business travel is set to soar in 2025. Business travel comes with the challenge of ensuring employees are adequately covered—especially with the ongoing issues surrounding NHS waiting lists. It is easy to run into difficulties when buying retail travel insurance due to pre-existing medical conditions. A retail travel insurance quote will include time consuming declarations that can still result in a declinature. This is where Corporate Travel Insurance becomes a game-changer. ☔ 𝗕𝗿𝗼𝗮𝗱𝗲𝗿 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲: Unlike retail travel insurance, Voyager Protect caters to a wider range of pre-existing medical conditions. With pre-existing medical conditions covered on a Fit–To–Fly basis. ✅ 𝗘𝗮𝘀𝗲 𝗼𝗳 𝗔𝗰𝗰𝗲𝘀𝘀: Declaration of medical conditions is not a requirement for employees or their family members under Voyager Protect meaning the process to obtaining insurance for both Business and Leisure trips is streamlined. 🌴 𝗟𝗲𝗶𝘀𝘂𝗿𝗲 𝗧𝗿𝗮𝘃𝗲𝗹 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀: Voyager Protect policies include coverage for leisure travel for employees and their families. This added benefit ensures that personal trips are protected under the same robust policy, providing extra value and convenience. 😊 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗪𝗲𝗹𝗹-𝗯𝗲𝗶𝗻𝗴: Offering this kind of insurance not only demonstrates care for employees’ health and safety but also boosts their confidence when traveling for work or leisure, knowing they have protection in place. In a time where health services are stretched and travel is essential for business growth, investing in corporate travel insurance to include leisure travel for employees is a more valuable benefit then ever. Contact Voyager Insurance Services Ltd to obtain a quote for your Corporate Clients today. #CorporateTravel #EmployeeWellbeing #TravelInsurance #LeisureTravel #BusinessContinuity #NHS #PreExistingConditions #Brokers #InsuranceBroker #InsuranceBrokers #EmployeeBenefits