Did you know that more than 30 countries in the world have made it mandatory for travellers to buy travel insurance before visiting them? This is to ensure that travellers have protection in case of financial losses arising from possible medical emergencies or contingencies like loss of baggage, passport, and cancellation or delay of flights. Although travel insurance is not mandatory for all countries and is not mandatory in India, it is highly recommended for your peace of mind. If you’re travelling with colleagues or family, group travel insurance can be a good choice, instead of taking individual policies.
Why Choose Group Travel Insurance?
Group travel is a popular choice for families, friends, corporate teams, students, and social organisations and has gained traction in recent years. It not only saves costs, but also promises a more comfortable and enjoyable experience. When people are travelling together, they can negotiate better prices for travel, accommodation, and activities they may have planned for their trip. Yes, you can also save money on premiums when you opt for group travel insurance plans.
It’s cheaper and more convenient to choose group travel insurance than to take individual policies for every traveller. Also, the claims process is simpler, as there is a single point of contact for all members of the group travelling together.
What You Must Know About Group Travel Insurance
Here are some key features of group travel insurance plans:
Group insurance is available for a specific number of people. This is typically ten or more.
A single premium is charged for all group members.
Some policies do not offer coverage for travel to certain countries, especially high-risk regions.
Group travel insurance policies clearly outline the coverage limits, exclusions, and benefits available.
The policy will also clearly mention the names and details of the individuals covered under the plan and provides coverage to them. It does not cover others who may be travelling together but have opted out of the policy.
When the need arises, any member covered under the group travel insurance plan can make a claim up to the sum insured.
Such policies are valid for a specific trip and for a predefined time frame. Some insurance providers also offer easy renewal options and coverage for multiple trips.
Group travel insurance policies may include 24/7 assistance to provide support to covered individuals.
These plans typically have a list of network hospitals to provide cashless facilities in the event of medical emergencies.
The leading insurance providers in India offer customised group travel insurance plans, so you can choose the contingencies you wish to cover. There may be add-on cover for pre-existing medical conditions, continued hospitalisation that extends beyond the policy expiry date, and loss of personal belongings, such as of mobile phone, laptop, iPad, and e-reader.
Some insurers offer special group travel insurance policies plans for employees who travel frequently for meetings, conferences, and training sessions. Some are specifically designed for students, sporting teams or adventure travellers.
Whether you’re travelling within India or abroad, there’s always some degree of uncertainty even for carefully planned trips. Do check out group travel insurance plans to enjoy your journey without the stress of financial losses due to contingencies.
