Here’s All That You Should Know about Group Travel Insurance Policy

Posted on: Feb 21, 2022 | | Written by:

Here’s All That You Should Know about Group Travel Insurance Policy

Published on February 22, 2022. EST READ TIME: 3 minutes

We often travel in a group to a particular destination who may be your colleagues, members of a club or a group of friends. At that time, you can consider buying a group travel insurance policy. This comprehensive travel insurance policy covers a large group of people who might not necessarily be related to each other but are travelling together. A group travel insurance policy covers a group of individuals against various travel-related contingencies. The policy comes with a single sum insured and covers the entire group travelling together.

Features of a Group Travel Insurance Policy

• A group travel policy has a single premium charged for the plan. The amount can be paid either by the members, group leader or partly by both.

• If the group members contribute to the premium payment, the entire premium amount is collected and paid to the insurer in one single installment.

• If the need arises, any member can claim on the policy up to the sum insured of the plan.

• The policy comes with a single sum insured, covering all group members travelling together on a floater basis.

• You can buy group travel policies for both domestic and foreign trips.

• Group travel policies generally only cover a single trip for a specified time duration.

• Even if you claim the policy, the group travel plan remains in effect until the trip completion date,

• Based on the plan, the entry and exit age of the insured members might be restricted.

• These plans are generally cheaper when compared to individual travel plans.

• For Schengen countries, it is mandatory to purchase a group travel insurance policy to avail of a travel visa.

Different Coverages of a Group Travel Insurance Policy

• Medical Emergency Expense:

The policy covers all your medical expenses spent due to a sudden illness or an accident while on the trip, such as ambulance costs, treatment expenses, doctor's consultations, medicines, etc. This type of coverage is especially beneficial when travelling in a group with children or senior citizens.

• Trip Cancellation/Postponement:

There are high chances of trip cancellation or postponements when you're travelling with many people. A group travel insurance policy provides cover against such situations. Under specific conditions, you can claim the money spent on an advanced flight booking or hotel bookings, pre-paid activities, etc.

• Baggage Loss/Delay:

With this coverage, the insurer provides an amount for emergency purchases if there is a delay in you getting your baggage. Also, if your baggage gets lost, you get paid for replacing lost baggage, personal documents or personal effects.

• Hijacking:

The insurer Pays a benefit for every 6 hours the insured is held on a hijacked common carrier.

Benefits of a group travel insurance policy

• Low Premium:

Premiums are relatively lower in group travel insurance plans than individual policies for individual members. Hence, this policy is more affordable and worth buying, so they deal with the financial burden brought about by travel contingencies.

• Peace of Mind:

A group travel policy offers excellent peace of mind as most unforeseen emergencies during the trip, which might inconvenience the whole group, are taken care of.

• Convenience:

Sudden emergencies can disrupt the trip for the entire group travelling together. In such cases, a comprehensive group travel policy covers the financial expenses, sparing the group head.

Exclusions on Group Travel Insurance Plans

• Cancellation of the trip either by the travel agent or due to unwanted situations such as war, civil unrest, riots, etc.

• Any kind of medical complications due to pre-existing illnesses.

• Expenses related to maternity and childbirth during the trip are not covered.

• Congenital disabilities or mental disorders.

• Medical complications or injuries caused by indulging in hazardous activities or adventure sports.

Conclusion

Next time you plan a trip with your friends or family or travel in a group, it is advisable to buy a group travel insurance policy to help you save some money on premiums. It is advisable to go for an HDFC ERGO group travel insurance policy that provides coverage for accidents, sickness, loss, and even medical attention in an emergency while travelling.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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