Supported Travel Insurance Pricing Calculations by Softrip

Owned by Oz Akman
Nov 10, 2023
1 min read

In this article we will provide details of the types of Pricing Calculations Softrip supports when selling Travel Insurance.

Based on Percentage: Softrip has the ability to calculate the Travel Insurance based on Percentage of per person pricing.

Example: If the Travel Insurance is setup to be based on 10% of the and Cart value is at $5000 in total, Per Person Pricing is $2500, the Insurance pricing will be $250 per person.

 

Based on Pricing: Insurance is calculated based on the which bracket of pricing.

Example: If the Travel insurance is setup where if the per person price falls between $0-$1000 Price of Insurance is $50 per person, where if the per person price falls between $1001-$2000 price of insurance will be $60 per person.

 

Based on Passenger Age: Insurance calculated based on the age of the passenger.

Example: Passenger 1 is 50 years old where Travel Insurance will be priced at $40 per person, where passenger 2 is 45 years old, the Travel Insurance will be for $35.

 

Based on Location of passenger: Insurance is calculated based on where the passenger resides within the United States:

 

Based on Combination of multiple parameters: Softrip supports the calculation of Travel Insurance based on number of combinations based on.

  • Pricing + Age of Passenger + Passenger Location

  • Percental + Age of Passenger + Passenger Location

 

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