MASTER POLICY

A group corporate travel insurance policy is issued as a Master Policy which covers the employees of the business under its scope. The employer does not have to buy individual policies for each travelling employee. When an employee travels for business, the insurance company is informed of the same and the company issues a certificate for providing travel insurance to the employee.

REGION SPECIFIC PLANS

Group travel insurance policies can be categorized based on the regions that they cover. You can find specific plans for Schengen countries, Americas & Canada, worldwide including or excluding Americas & Canada as well as plans for the Asian region

FLEXIBLE COVERAGE LEVEL

The sum insured under group travel insurance policies is expressed in terms of US Dollars. You can avail coverage for a wide range of sum insured options which usually starts from USD 25,000 and goes as high as USD 500,000.

COVERAGE FOR MEDICAL EMERGENCIES

The most important feature of a group travel insurance plan is the coverage allowed for medical emergencies. If the employee falls ill or is injured while on the trip, the policy covers the cost of hospitalisation, treatments, medical evacuation, ambulance, dental treatments as well as medical repatriation.

TRIP RELATED COVER

Another important coverage offered by group travel insurance plans is the coverage for trip related contingencies. If the trip is extended, curtailed, or even cancelled for certain contingencies, the costs incurred due to such contingencies are compensated by the travel insurance plan.

PERSONAL ACCIDENT COVER

If the employee suffers accidental death or disablement while on the trip or while flying with a common carrier as a fare paying passenger, the policy pays a lump sum benefit to help the employee deal with the financial loss suffered due to such accidental contingency.

OPTIONAL ADD-ONS

Besides the important coverage benefits inbuilt in the group travel insurance policy, there are optional add-ons too. The employer can choose the relevant add-ons as per its need to enhance the scope of coverage of the policy. Common add-ons available with group travel insurance plans are as follows –

• Missed flight connection
• Loss of personal belongings
• Loss of important documents
• Flight delay
• Compassionate visit

A group travel insurance policy helps companies cover their financial liabilities when their employees suffer financial losses while travelling for business. The policies are offered for a year and cover multiple employees under one plan thereby giving the business umbrella coverage. The coverage of the plan is quite inclusive, and the business can choose to customize the policy through add-ons. So, if your business involves frequent travelling, invest in a group travel insurance policy, and get financial security in case of emergencies faced when travelling.