How to Buy Family Travel Insurance Online & Offline?

Why Do You Need Family Travel Insurance?

Be it a trip abroad or within the country, we all are prone to everyday risks that come along with traveling. Especially when traveling with our family, we must understand their needs and the problems that may affect them while traveling.

For example, if your old parents are accompanying you during a trip, the chances of them needing travel assistance or emergency medical checkup are higher than others. Sometimes, even young children may fall sick because of something they ate; or simply because of an injury while playing during the vacation.

In such cases, a family floater travel insurance plan is extremely useful as it covers not just you but also your dependents. This can be bought at a very minimal cost and go a long way if at all you find yourself in a financial pickle.

Family travel insurance plans cover a lot of things: the policy will pay for any sudden medical expenses while you’re on a trip or for any hotel bookings cancellation that leaves you in a lurch.

Things to Remember Before Buying Family Travel Insurance

If you’re going outside India, most countries abroad require international travel insurance for you and your family. However, many people are quickly realizing the importance of having domestic travel insurance too.

From unfortunate road accidents to loss of a wallet, a family floater pack comes at a small price. Thus, make sure you keep these points in mind before deciding upon a plan:

1. Policy Period

There are a variety of plans available in the market; from single trips to year-long travel plans, you must choose your policy accordingly. Especially in the case of a single-trip plan, you should ascertain the policy duration which can cover for any delays or extra days of your trip if need be.

2. Pre-existing Medical Conditions

Every policy requires that you inform them about any pre-existing ailments before you buy it. Usually, travel plans do not provide coverage benefits for many pre-existing medical conditions unless they are life-threatening. In the case of senior citizens accompanying you, you may need to go for a pre-policy checkup so that they are eligible for the family floater travel plan.

3. Benefits Offered

Make sure that you ask about the policy's exact coverage, along with the maximum number of dependents it will provide benefits to. Not only this, the benefits differ from one policy to another. Some policies may provide you compensation for delayed flights, while some may not. There may also be a limit on some expenses; something you should be aware of.

4. Family Members Covered

Some policies restrict the number of dependents to four, namely the spouse and two minor children. But many travel insurance policies in India provide an additional premium for each extra dependent. There are special plans for old parents so that they too can join you in the fun and travel care-free with everyone!  

5. Deductibles

It is very important to know about all the deductible amounts that come with your policy's various covers. In case of a claim, there's a specified amount that must be paid by you (the insured) before you are reimbursed by the insurer. These limits are predetermined and should be read carefully.

6. Claim Procedure

Most importantly, make sure that you compare different travel insurance plans for families and have a proper idea about their reputation, their claim-settlement ratio as well as the steps and time they require to settle claims. This can be done by comparing different family travel insurance plans on Policybazaar.com where you can read about the right plans that you can choose from.

7. Premium Rates

You should stick to your budget and settle for a premium amount that offers you the most benefits. Don't forget that the premium rates will differ with a lot of factors, some of them being:

• Age of travelers
• Number of travelers
• Destination of travel
• Any preexisting health conditions
• Duration of travel and many more

8. Optional Add-ons

If at all you feel the family floater plan you’re buying doesn’t meet your expectations, then you should either opt for another plan or supplement it with additional covers that can be bought at some extra premium. These help you customize your plans as per everyone’s needs and sometimes even save you some money!

How to Buy Travel Insurance for Your Family?

There are many ways to buy a family travel insurance plan these days. It can be easily bought online or by visiting the local office of the insurer. The process has been briefly explained below:

Online

You can do so by visiting the official website of Policybazaar Insurance Brokers Private Limited. Alternatively, you can also visit the official website of the insurer you have finalized.

• Visit the insurer’s official website and go to the ‘Travel Insurance’ section
• Select the type of plan you need; for eample, if international or domestic family travel insurance plan, etc.
• Provide important details (name, number of travelers, age, etc.)
• The premium will be calculated based on the details you fill in
• Once the summary page is displayed, verify the details and pay for the policy

You can easily make the payment through different means, including net banking, wallets, UPI, etc. depending on your insurer’s facilities.

Offline

You can use the branch locator to find the nearest office of the desired insurance provider or through an insurance agent. On visiting the local office, all you need to do is to fill up the proposal form provided and submit it. You can also call the insurer on their toll-free number and request details to proceed further.

What are the Benefits of Family Travel Insurance?

Other than peace of mind and financial safety, these are some of the most common benefits of a family travel insurance plan:

• Travel-related contingencies like loss of passport and other important travel documents
• Delay, loss, or theft of baggage
• Delayed or canceled flights, trains, etc. depending on the policy
• Any medical emergency that may require urgent treatment
• Medical evacuation and repatriation back to insured's home in case of demise
• Additional expenses due to sudden cancellations or delay
• Travel assistance in case of senior citizens or other emergencies
• 24X7 assistance worldwide
• The facility of cashless and paperless reimbursements

Other than these, there are a plethora of optional covers that are offered by different insurers. Some of them include home burglary insurance, emergency cash allowance, personal liability, hijack allowance, and many more.

To Conclude,

Traveling should be a relaxing and happy experience. It’s an important part of any family and must be treated so. Make sure you buy family travel insurance plan before heading out for your next vacation!