Travel Insurance Plans on PolicyBazaar#1
- Individuals
- Sr. Citizens
- Students
What is Corporate Travel Insurance?
These policies The corporate travel insurance sector is flooded with various travel insurance plans. The question is- how does one figure out which one is the best? Every employer wants to be at the top of his game. Business seminars and conferences offer perfect opportunities for marketing and networking. While business trips are an important aspect of professional life, procuring corporate travel insurance has its own perks.
Benefits and Features of Corporate Travel Insurance in India
Take a look at what makes CT insurance plan a must-have. Mentioned below are the benefits and features of corporate travel insurance in India.
-
Baggage Loss/Delay
Any loss of baggage or delay of baggage is covered.
-
Healthcare Expenses
Any healthcare expenses while you are on a trip are covered.
-
Dental Expenses
As a result of an accident, any expenses incurred in dental surgery are covered.
-
Personal Accident Cover
In case you meet with an accident, personal accident benefit will be provided.
-
Legal Liability
Coverage for legal liability is provided in case of any bodily injury or property damage caused to a third-party
What is Covered/ What is Not Covered?
Covered in policy
Knowing what your travel insurance plan will cover. These are listed as 'inclusions' in all insurance policy wordings.
Overseas Corporate Travel Insurance Inclusions
-
A health emergency due to an illness or accident while on a business trip.
-
If the insured person needs to be evacuated on medical grounds.
-
In case of the insured’s death- repatriation of mortal remains.
-
In case the trip is interrupted/ canceled due to negligence on the part of the airlines or reasons beyond control.
-
Accidental death benefit or injury or temporary disability/permanent disability due to an accident.
-
International funeral expenses (if required).
-
Loss or damage of travel documents.
-
Delay, damage or loss of personal belongings and luggage.
-
If the checked-in luggage is delayed for 12 hours or more, then a replacement will be provided for basic necessities like clothes, toiletries, etc.
-
Robbery and theft.
-
Missing the connecting flight due to airline’s goof up.
-
Trip delay due to bad weather.
-
Hijack-distress benefit.
-
Insurers offer coverage against maternity related expenses in case the trip is taken within the first 3 months of pregnancy. But, the same might not be covered in the second and the third trimesters.
Not Covered in policy
Here are the exclusions of overseas corporate travel insurance.
-
Pre-existing illnesses.
-
Routine physical check-up.
-
Self-inflicted injury or sickness.
-
Suicide or Attempt to suicide.
-
Treatment for mental disorders arising from stress, anxiety, nervousness, depression etc.
-
Voluntary exposure to needless peril.
-
Involvement in any illegal or criminal activity.
-
Loss/damage to the passport due to detention or confiscation by customs officials or police.
-
Loss or damage which isn’t reported to police authority within 24 hours.
-
Passport loss due to failure in taking safety measures to guard it.
Add-on Covers for Corporate Travel Insurance Policies
Here are the additional insurance covers that can be opted to fulfil various corporate travel insurance needs.
-
Pre-existing Illness Cover
It covers pre-existing cardiac problems, asthma, hypertension, diabetes etc. that won’t otherwise be covered in a basic corporate travel insurance plan.
-
Participation in Adventurous Sports/Activities
Participation in any adventure sports or activity such as sea sports, mountaineering, fast biking, etc. that exposes the insured to various risks can be covered.
-
High-Risk Countries
Any trips taken to countries listed as high-risk due to war, natural disasters, terrorist activities etc. can be covered.
Claim Process for Corporate Travel Insurance
-
Whenever there is a travel-related emergency, the insured person must intimate his/her insurance provider as soon as possible. Corporate travel insurance providers offer 24*7 claim assistance. The insured can inform the insurance provider via their toll-free helpline, email or SMS.
-
The insured must download the claim form from the official website of the insurance provider, duly fill it, attach necessary documents, and send it to the address mentioned in the form. For quick claim settlement, make sure that the documents you attach are relevant and valid.
Travel insurance companies
Aditya Birla
Bajaj General
Care
Cholamandalam MS
Digit
Future Generali
HDFC ERGO General
ICICI Lombard
IFFCO Tokio
IndusInd General
National Insurance
New India Assurance
Niva Bupa
Oriental
Royal Sundaram
SBI General
Shriram General
Star
Tata AIG
United India
Universal Sompo
Zurich Kotak
