Travel insurance is critical to making sure that you have a smooth journey and make the most of it without facing any crisis. As the name suggests, Group Travel Insurance plan is a specialized plan designed for the whole group making the trip. With businesses becoming global, corporates are purchasing multi-trip group travel insurance plans. Travelers when traveling with friends and relatives prefer making combined bookings as it is easier and proves to be cheaper. Group Travel Insurance covers a troop of people together saving a lot of money, as everyone doesn’t need to purchase individual travel insurance policies.
What is Group Travel Insurance?
Travel insurance is critical to make sure that you have a smooth journey and make the most of it without facing any crisis. As the name suggests, Group Travel Insurance plan is a specialized plan designed for the whole group making the trip. With businesses becoming global, corporates are purchasing multi-trip group travel insurance plans. Travelers when traveling with friends and relatives prefer making combined bookings as it is easier and proves to be cheaper. Group Travel Insurance covers a troop of people together saving a lot of money, as everyone doesn’t need to purchase individual travel insurance policies.
Best Group Travel Plans In India
When you buy domestic travel insurance or international travel insurance, it is highly important that you comb through the fine print and understand what each product has to offer. Here are the best 5 Group Travel Plans in India can be purchased from the leading insurance providers Apollo Munich, Bajaj Allianz, HDFC ERGO, Royal Sundaram, TATA AIG. These plans have proven to be extensive and provide the essential cover for you when you travel with your group.
You may like to read : HDFC ERGO Travel Insurance Policy: An Overview
Key benefits of best group travel plans
While there are various factors that differentiate group travel insurance plan, there are certain key benefits that you must look for when you buy domestic travel insurance or even international travel insurance for a group. These key benefits are:
• Cover for medical emergencies
Medical emergencies can strike anyone anywhere, especially if the group has old age travelers. A good group travel insurance plan must provide coverage for expenses incurred in case of medical emergencies. Expenses such as the doctor’s fee, diagnostics tests charges, inpatient-outpatient care costs, hospitalization bills etc.
• Accidental cover
Best group travel insurance plans include ample compensation for death or permanent total disability resulting from the accident.
• Trip Cancellation
When traveling in a group, there is a high probability of changes or even cancellations. Make sure that you buy domestic travel insurance or international travel insurance that provides maximum claim amount to the group. This claim amount should at least cover the money spent for the vacation/trip if not more including the pre-paid activities and excursions.
• Flight delay
A good group travel insurance plan provides cover for the delay in flight or missing a connecting flight due to the carrier.
• Personal Accountability
Your group travel insurance plan must provide individual accountability cover in case a third party is harmed due to any involuntary actions of a group member.
• Cover for loss of baggage and key documents
Loss of baggage or key documents is a very common occurrence while traveling, especially in a large group as it makes harder to track each of the bags. Your group insurance plan must be enough to cover your belongings and key documents such as the passport.
• Distress allowance
Situations such as a flight hijacking or a natural calamity are very distressing. Make sure that your group travel insurance plan provides adequate distress allowance for all troop members. Another aspect to keep in mind is to include the natural calamities prone in the area you are traveling to.
• Repatriation of mortal remains
The group travel insurance plan covers expenses incurred in repatriating the mortal remains to the home country or cost of final rites in the traveling country.
• Group Rebate
One of the greatest benefits you get when you buy domestic travel insurance or international travel insurance for a group is it's affordable. While purchasing group insurance you pay a fraction of the total cost of individual travel insurance policies for all troop members.
• Simple and Hassle free Registration
Since it is a common travel insurance policy, there is no need to register and ensure complete paperwork for each group member. You only need to fill out a single form for the master policy, post that each traveler would be provided with his or her respective ID Cards.
Exclusions of a group travel insurance plan
Typically all insurance providers issue group travel insurance for all members of the same nationality.
• Pre-existing medical conditions
Most of the group travel insurance plans do not cover pre-existing medical conditions. Hence if any of the group members suffer from an ailment that may act up while on a trip such as asthma, allergies etc., make sure you purchase an extra cover to include such contingencies.
• Criminal Act
Group Travel insurance policies do not include damages or legal charges resulting from an illegal and criminal act. Also, acting under the influence of alcohol, drugs or un-prescribed narcotics is considered grounds for rejection of the claim.
Generally, group travel insurance can be purchased for those below the age of 65. For anyone above the age of 65, you might have to purchase a separate cover or include them in the group travel insurance plan at additional costs.
Just like any travel insurance, there are certain eligibility criteria for a group travel insurance plan.
1. All travelers must be part of the group.
2. The group members must of the same nationality.
3. The group must comprise of at least 5 members. Although this criterion can be adjusted subject to the insured and insurer’s discretion.
4. All members must depart and arrive on the same day.
When you buy group travel insurance make sure that the chosen plan meets the needs and requirements of all the group members. Additional cover can be purchased in case there are aspects or contingencies are not included under the policy. While this might seem an additional expense at the time of purchase but can actually save a lot when crisis strike.
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