When it comes to travelling, it's best to go the extra mile, especially where your financial stability is concerned. And that's why group travel insurance is critical for a group of people who have decided to go travelling together. In India, several insurance companies offer Group Travel Insurance policies to groups such as families, friends, corporate employees, or other organisations.
Features of Group Travel Insurance in India
Here are some key features and benefits of Group Travel Insurance in India:
Coverage: Group Travel Insurance provides coverage for a range of risks such as trip cancellation, medical emergencies, accidental injury or death, loss of baggage or passport, flight delays or cancellations, and more.
Benefits: In the event of a covered risk, the insurance company pays a predetermined sum insured to the insured person or their nominee.
Exclusions: Group Travel Insurance policies may have some exclusions, such as injuries due to adventure sports or self-harm, pre-existing medical conditions, and more.
Audience: The most popular types of Group Travel Insurance policies s include corporate Group Travel Insurance, student Group Travel Insurance, tour Group Travel Insurance, family Group Travel Insurance, and Senior Citizen Group Travel Insurance. The type of policy that is sold the most depends on various factors such as the purpose of the trip, the duration of travel, and the number of travellers.
Affordable Premiums: The premiums for Group Travel Insurance policies in India typically range from Rs. 100 to Rs. 500 per person per day, depending on the coverage offered and the number of travellers in the group.
Handling of Claims: The group policyholder, such as a company, school, or travel agency, typically assists the group members in claiming a Group Travel Insurance policy. The policyholder is responsible for purchasing the policy on behalf of the group members and ensuring that the group members are aware of the coverage and claims process.
Benefits of Group Travel Insurance
Advantages for Employee - Employees travelling on business trips or as part of a company-sponsored group have the advantage of medical coverage, trip cancellation coverage, 24hrs emergency assistance, etc.
Employer Benefit – Safeguards employees against unfortunate events but it also shows that the employer cares about their needs resulting in overall employee satisfaction.
Specific Groups covered under Group Travel Insurance
Group Travel Insurance is beneficial for any group of people who are travelling together. It can be a family travelling for a vacation, a group of friends on a trip, or corporate employees on a business trip. Here are some specific groups who may find Group Travel Insurance particularly beneficial:
Families: Group Travel Insurance can provide coverage for parents and children travelling together, protecting them against a range of risks such as trip cancellation, medical emergencies, and loss of baggage.
Corporate Employees: Companies can purchase Group Travel Insurance for their employees who are travelling on business trips. It provides coverage for medical emergencies, travel delays, and other risks that impact their work.
Students: Group Travel Insurance is beneficial for students travelling abroad for study or research. It can provide coverage for medical emergencies, evacuations, and other risks that may arise during the trip.
Tour Groups: Group Travel Insurance can provide coverage for tour groups travelling to different destinations. It can offer protection against a range of risks that can impact the trip, such as trip cancellation, flight delays, and medical emergencies.
Adventure Groups: Group Travel Insurance is beneficial for adventure groups travelling for activities such as hiking, mountaineering, or skiing. It can provide coverage for accidental injury or death and medical emergencies that may arise during the trip.
Conclusion
Group Travel Insurance is beneficial for any group of people travelling together, providing coverage and protection against a range of risks that can impact the trip. It is important to carefully read the terms and conditions of the policy and choose the right coverage based on the personal and financial needs of the group. Group Travel offers a convenient and cost-effective way to protect the group against the financial impact of unexpected events while travelling together.
