Website design By BotEap.comIn recent years, technology has advanced by leaps and bounds. There has been a great improvement in the automotive industry. Although a relatively small part of the Indian population owns a car, the percentage is slowly increasing. At the same time, a much larger part of the population owns at least some kind of vehicle. Many of those who cannot afford a car own vehicles such as a scooter, motorcycle, etc.
With the growth of the Indian middle class and relatively affordable travel rates, traveling has become easier. More and more people have started to roam the world. This requires a higher demand for travel insurance. This is because no event is error free. Luggage can be lost, flights and trains, accidents are not unheard of. Unfortunately, not everyone can afford this along with their travel expenses. Traveling internationally can be especially expensive, and international travel insurance is even more so.

Website design By BotEap.comOn the other hand, car insurance is one of the most popular insurance policies that are opted for in India. This is because it is mandatory. Anyone who owns a car needs an insurance policy. As a result, buying a car comes with many other costs. Their insurance policies are extremely expensive and can discourage people from buying a car altogether. In 2007, less than 1% of the population of India owned a car. However, the rapid increase in the population of car owners shows the increase in investment in this insurance policy. This can be seen as 4.7% of the population of India owned a car / jeep / van in 2013.

Website design By BotEap.comToday, in emphasizing advancement, we must also look at people. We need to discover better ways to help them. Investing in auto and international travel insurance is often the necessary deterrent to prevent people from buying vehicles or traveling abroad. As a result, to facilitate the growth of such policies, it is important to make them more advantageous.

Website design By BotEap.comBecause why would people invest in an extremely expensive travel insurance policy? It is true that errors are not unheard of, but they are not extremely common either. Many may consider it a waste of money. But there would also be some among them who have regretted this decision. Almost everything in most places abroad, from hotel stays to public transportation, is more expensive.

Website design By BotEap.comTherefore, to encourage people to spend on such useful policies, we must make an effort. Making such policies tax-friendly allows people to discern their advantages. The hesitation they suffer in spending can be avoided in the benefits that the policy proposes. This would benefit the people themselves, as such policies offer valuable support.

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