14-11-2017 03:24 PM
An efficient will cover the following areas.
Medical emergencies: When you are in a foreign land, you are less likely to know any good health care centres. Also, the cost of treatments abroad is always going to be more than what it is in India. In countries such as USA and Canada, health care is very expensive and a hospitalisation incident can leave you bankrupt. In such cases, insurance policies come to your rescue. Your insurance provider will compensate all your medical expenses abroad.
Loss of baggage and personal belongings: In case you lose your baggage and other personal belongings during your trip, travel plan will compensate. And if you happen to lose important documents such as passport and visa, travel Insurance provider will arrange the duplicate documents for you.
Flight delay and cancellation: A little delay in flight schedule can jeopardise your entire trip. And most airlines do not provide any refund in such cases. These types of expenses are included in the travel insurance coverage.
Emergency evacuations: in extreme medical situations, evacuation to the home country is funded by the insurance company.
06-03-2018 01:12 PM
These are the types of Plan.
|Group Travel Insurance||Retail Travel Insurance||Student Travel Insurance|
|• Company Provided Plan||• Single Trip||• For Students Studying Abroad|
|• Annual Multi Trip|
|• Family Floater|
06-03-2018 01:44 PM
These are some of the basic coverages provided in Travel Insurance (brief about the coverages are also there)
Coverage’s in Details
Emergency Medical expenses
Covers medical costs incurred due to illness or accident including medically necessary and prescribed emergency evacuation. It covers outpatient, inpatient, medical aid, therapies and diagnostic tests as described in the policy schedule.
Emergency Medical Evacuation
Evacuation to the home country is covered up to the medical sum insured chosen
Repatriation of remains
Covers the funeral expenses or expenses of repatriating the remains back to India, in case of death of the insured overseas.
Emergency Dental Expenses
Covers acute anesthetic treatment of natural teeth
Pays a daily allowance as stated in the policy schedule in the event of hospitalization either due to sickness or accidents
Accidental Death and Permanent Total Disability (Common Carrier)
if the insured sustains Accidental Bodily Injury during the course of the journey while traveling in a common carrier such as rail, bus, tram, or aircraft; and such bodily injury results in death or permanent total disability.
Compensation paid in case of death or permanent total disability caused by an accident.
Compensation if the aircraft is delayed for more than 12 hours than the originally scheduled departure time.
Loss of Passport
Expenses incurred in obtaining a fresh or new passport.
Loss of Checked Baggage
Compensation for the permanent loss of checked-in baggage.
Delay of Checked Baggage
Compensation for reasonable expenses incurred for the purchase of toiletries, clothing, and medication due to the delay of checked-in baggage for more than 12 hours.
Compensation of damages to be paid to a third party, resulting from death, injury or damage to health or property caused involuntarily by the insured.
Financial Emergency Assistance
Insurance cover is provided in the event of the insured person getting into a financial emergency due to theft, pilferage, robbery or dacoity of his/her travel funds. A fixed sum is paid as emergency assistance up to the limits specified under the policy.
Pays for the cost of Hotel accommodation if the insured person sustains Bodily Injury or Sickness which directly and independently of all other causes results in a hospital stay as an in-patient and misses his/her flight back to the country of residence.
Hijack Distress Allowance
Insurance cover is provided in the event of the hijack of the air or sea common carrier in which the insured person is traveling whilst on the trip abroad during the Period of Insurance. An allowance will be paid for each day of the hijack up to the limits specified under the policy.
But with these coverages, there are some exclusions also.
I think for the clearer picture you should talk to Insurer.
06-03-2018 01:48 PM
Above are the coverages of Retail TravelInsurance Plan.
What are the coverages of Student Travel Insurance ???
06-03-2018 01:56 PM
I have details of the same check this table out. I have HDFC ERGO Student Travel Insurance's Coverages details, my son is studying abroad so I kept this table Handy.
|Student Suraksha – Student Overseas Travel Insurance|
|Accidental Death||Pays the family of the insured compensation in the case of loss of life in an accident.|
|Permanent Disablement||Pays compensation if the insured is permanently disabled in an accident.|
|Emergency Medical Expenses||Reimburses the insured for medical expenses incurred for an accident or an unexpected sickness. Medical Evacuation: Pay the actual costs or the total sum insured, stated in the schedule, whichever is lesser, for repatriating insured back to the country of residence. Body Repatriation: Pay the actual costs or the total sum insured stated in the schedule, whichever is lesser, for repatriating insured corpse to the country of residence.|
|Emergency Dental Treatment||Reimburses the insured for emergency dental expenses incurred for an injury or acute pain.|
|Loss of Passport||In the event that the passport belonging to the insured is lost, the insured is reimbursed the actual expenses incurred in obtaining a duplicate or fresh passport.|
|Loss of Checked Baggage||If baggage, personal documents or personal effects are checked onto a common carrier, the insured is reimbursed the cost of replacement for any damaged or lost articles.|
|Delay of Checked Baggage||Provides an amount for emergency purchases on account of delay in baggage.|
|Personal Liability||Pays a benefit for damages that an insured person is legally liable for as the result of a lawsuit for property damage being brought against the insured person. Also pays a benefit for medical expenses that an insured person is legally liable for as the result of a lawsuit for an accident caused by the insured person resulting in bodily injury to another person.|
|Bail Bond||Pays the bail amount for the insured on arrest or detention by police for a bail-able offense in the territory of travel.c|
|Study Interruption||Pays compensation in the event of interruption of study whilst abroad.|
|Sponsor Protection||Pays tuition fees to the insured in the event of accidental death of insured’s sponsor.|
|Compassionate Visit||Pays amount incurred to the insured in the event of compassionate Visit by one immediate family member.|
|Psychological Coverage*||Pays for treatment of mental and nervous disorders, including alcoholism and drug dependency.|
|Treatment for Expectant Mothers.*||Pays for in-patient medical expenses related to pregnancy after a waiting period of 10 months.|
|Screening and Examinations*||Pays for cancer screening and mammographic examinations on a recommendation from the physician.|
|Childcare Benefit*||Pays for hospital cash benefits of childcare.|
06-03-2018 02:00 PM
OH waohh these benefits are really good. I never knew there was so much on Travel Insurance, but how much do these cost?
How can I know? How to calculate?
06-03-2018 02:03 PM
Ohh that is absolutely easy.
You can calculate premium by clicking this link: http://bit.ly/2HbL0JA
or just call them on: 1800 2 700700 and they will help you.
07-03-2018 05:16 PM
Thanks for above information.
I tried to calculate the premium for my upcoming travel just to check how much does the travel insurance actually cost.
and it is not expensive at all.
I never bought Travel Insurance earlier but after knowing these coverages and the cost, I might buy now.