Group Travel Insurance Plans In India

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 a good 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 good premium rates and jaw-dropping discounts for not making any claim in a year would help you choose group travel insurance for your valuable employees. Giving the right to its employees is the ultimate aim of any If it can provide good compensation to its employees by providing them with the right travel insurance.

Group Travel Insurance Plans in India

Here is a list of group travel insurance plans available in India:

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.

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.

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.

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. 

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.

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.

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 to choose the right coverage as per your travel needs.

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.

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.

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.

Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Parting Words

Group travel insurance is the right 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 group travel insurance, the company can also make sure that its employees get the right coverage and benefits.