Best Group Travel Insurance Plans In India
- DetailsWritten by PolicyBazaar -
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Updated date : 28 April 2020
A vacation, an overseas study trip, a travel for medicinal services, an official trip – all these are the regular types of travel taken by people across the globe. From choosing the place to booking the flight ticket(s); from choosing the best hotel for a pleasant stay to marking off things to do at the destination; listing out things to take from home and to get from the place of visit, all these are a part of a successful and memorable trip.
When a lot of preparations are going into planning a trip, what goes into planning your safety during a trip? What most people do while booking their travel tickets is uncheck the little checkbox offering travel insurance at the ticketing page, thinking that a travel insurance policy plan will not be of much use.. This could be due to the overconfidence that they have been to so many places, so many times and nothing unexpected ever happened. Well, there is a beginning point for everything right? There indeed is.
What if the tickets of your next family trip got cancelled due to some technical issue? You would have to purchase a new set of tickets to execute your vacation plan? This is where travel insurance comes in play and you get to save the cost of new tickets. Travel insurance also ensures that your trip goes hassle-free by offering compensation against medical expenses, lost luggage, visitor charges, and even overseas funeral expenses if such a situation arises unexpectedly. It is better to be safe than regret at a later stage. So, a travel insurance plan is not an additional expense; it is a way of securing yourself against unnecessary expenses. Travel insurance is something that protects you from potential emergencies right from the day your trip starts to the end date of the trip. Under travel insurance policies of India, there are other policies like student travel insurance, corporate insurance for business trips, family travel insurance for holidays, senior citizen travel insurance for people above 60 years of age, single/multi trip insurance etc.
Usually, group insurance policies are taken by organizations and provide coverage to the organization’s employees. A group travel policy offers coverage and protection to anyone travelling from that organization on a business trip or an official trip. There are different group travel insurance policies for domestic and international trips and the premium to be paid is subject to the policy type and coverage offered. Group travel insurance policies are available for single as well as for multiple trips in a year.
If needed, medical coverage option is also there for additional protection, which is a great way to ensuring financial protection for all employees. Thanks to the Internet, we have a wide variety of insurance products to choose from. A thorough comparison of various insurance policies is the best way to choose the best group travel insurance.
Emergency medical costs, accident or medical deportation, hijack, calamities or cancellation of trip are few of the factors covered by group travel insurance. On the other hand, a few factors that won’t be covered are cancellation via the tour operator, any war activities, and charges due to pre-existing illnesses, sport injuries, maternity and child birth, injuries under the influence of alcohol or other non-permissible drugs, loss of baggage due to carelessness.
Having knowledge of these inclusions and exclusions will be the right way to go about while filing a claim against losses so there is no confusion regarding claim settlement. Prepare a detailed list of items you will be carrying while going on a trip and coming back. If possible, have photos and receipt copies of the things purchased, as it would facilitate you when filing claim in case of theft or damage.
What is Most Important when Choosing a Group Travel Insurance?
Group travel insurance should have an even more detailed analysis because this plan offers protection to your company’s employees. Here are a few factors that should be kept in mind before getting a group travel insurance plan.
- 100 percent trip cancellation coverage should be offered by your insurance provider. This can be claimed or fixed at the time of the insurance policy purchase. Or, the percentage of cancellation coverage that you would get can also be clarified with the insurer. Confirming the charge or refund percentage would avoid unnecessary tension in case of last minute cancellation.
- Certain insurers offer up to 150% trip interruption coverage, which can also be clarified at the time of policy purchase. You can also talk to a few other travel insurance companies to get the best percentage cover.
- Look at the claim settlement ratio (CSR) of the company before choosing a group travel insurance policy. This would give you a clear idea of how soon your claim would be cleared. A high CSR means that you would get your claim settled sooner or later.
- Comparing two to three policies well and choosing the one that offers you the best premium rates and jaw-dropping discounts for not making any claim in a year would help you choose the best group travel insurance for your valuable employees. Giving the best to its employees is the ultimate aim of any If it can provide the best compensation to its employees by providing them with the best, the employees also deliver their best in the workplace.
Best Group Travel Insurance Plans in India
Here is a list of the best group travel insurance plans available in India:
Religare Group Explore
Religare Group Explore is a travel insurance policy for a group of people who are travelling abroad together. This policy only provides medical coverage to the insured members of the group that includes hospitalization expenses and day care treatments. However, the group members can extend the policy coverage by buying optional covers, such as passport loss, medical evacuation, personal accident, emergency cash advance, personal liability, trip cancellation, bounce booking, etc. This policy offers individual & floater cover and can be purchased for single as well as multiple trips.
Bharti AXA Travel Assure – Group Overseas Travel Insurance
Bharti AXA’s Travel Assure is a travel insurance policy meant for groups of people travelling together outside India. This overseas travel insurance provides coverage for emergency medical expenses, daily hospital allowance, political risk & catastrophe evacuation, compassionate visit, passport & documents loss, personal accident, trip delay and personal liability amongst others. It also offers unique covers such as loss of gadget, mugging benefit, loss of international driving license, etc. to the insured members. The policy is available for a single trip as well as for multi-trips.
Tata AIG Group Travel Secure
Tata AIG Group Travel Secure is the travel insurance plans available for people travelling together in a group. It covers a variety of unforeseen situation that the group members may face while travelling abroad, including accidental death, baggage loss/ delay, medical expenses, passport loss, trip delay/ cancellation, home protection, etc.. It also offers new-age covers including identity theft, loss wallet and key replacement to the insured group. The policy provides worldwide coverage and comes with lifelong renewability.
HDFC ERGO Group Travel Insurance
HDFC ERGO provides group travel insurance policy that covers a group of people or employees of a company from emergency medical expenses and accidents while travelling abroad. It covers permanent disability and deaths following an accident overseas. It also comprises of an annual multi-trip policy designed for groups that need to travel outside India quite often. The policy comes with frequent flyer interruption facility that covers any travel interruption if the trip was booked using a known frequent flyer programme. This facility includes return airfare cost, legal assistance and emergency hotel extension. HDFC ERGO Group Travel Insurance comes with optional covers such as accidental hospitalization, flight delay, trip cancellation, baggage loss/ delay, etc.
Bajaj Allianz Group Business Traveller’s Insurance
Group Business Traveller’s insurance by Bajaj Allianz covers all the members of a business group travelling together. It protects the group members from unfavourable situations, including personal accident, flight hijack, trip delay, check-in baggage loss/ delay, trip cancellation, missed connecting flight and passport loss. The group can also opt for emergency medical expenses, personal liability, pre-existing illness, loss of personal belongings, staff replacement, etc as optional covers.
Universal Sompo Travel Worldwide
Universal Sompo offers Travel Worldwide plan which is its international travel insurance policy for individuals as well as for groups. It covers the insured group against several uncertainties faced while travelling abroad. The coverage includes emergency medical expenses, personal accident, emergency dental expenses, trip delay, flight hijack, financial emergency assistance, personal liability, check-in baggage delay/ loss, passport loss and missed connection flights. The policy offered instantly and come in multiple plan variants to suit your needs.
IFFCO Tokio Travel Protector
IFFCO Tokio Travel Insurance comes with Travel Protector plan that provides comprehensive coverage to people travelling overseas in a group. Under this plan, all the members of the insured group are covered against exigencies, such as medical expenses, check-in baggage delay/ loss, passport loss, personal accident, daily hospital allowance, financial emergency assistance, flight hijack, dental expenses and personal liability. You can choose for worldwide coverage that may include or exclude the USA and Canada. The plan also comes in five variants to allow you the choose the best coverage as per your travel needs.
HDFC ERGO Health Group Travel Insurance
HDFC ERGO Health offers group travel insurance to people who are travelling in a group to the same destination. It aims to makes group trips hassle-free by providing coverage for emergency medical expenses, trip cancellation or delay, medical evacuation & repatriation, baggage loss and trip interruption amongst others. Applicants up to the age of 70 years are not required to undergo any medical tests to purchase this policy. This policy protects the insured group from any travel, medical or non-travel emergency causing inconvenience to the members of the group.
Aditya Birla Group Activ Travel
Group Activ Travel plan by Aditya Birla provides comprehensive coverage to people of all ages travelling in a group. It offers coverage against any medical emergencies faced by any member of the group while travelling. However, they can also get coverage for a variety of travel-related exigencies, including passport loss, trip cancellation and baggage loss. by buying them as optional covers. The policy can be customized as per group needs and is available for a single trip as well as for multiple trips. It also comes with few new-age covers, such as mugging cover, lifestyle support post-accident, emergency home visit, etc.
Cholamandalam Group Domestic Trip Insurance
Cholamandalam offers group travel policies to groups of people travelling together within India. This domestic travel insurance for groups provides coverage for contingencies including check-in baggage loss, flight delay as well as flight cancellation. Loss of check-in baggage cover is applicable only if there has been total or permanent loss of the luggage. If needed, the policy is also up for renewals, provided all the terms and conditions of the policy are met.
Group travel insurance is the best way for an organisation to cut the travel costs of their employees. Travel insurance policies in India cover a wide variety of unfavourable scenarios, which protects both the company and its employees financially. By choosing the best group travel insurance, the company can also make sure that its employees get only the best of the coverage and benefits.
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