/content/nivabupa/in/en/bank,/content/nivabupa/en/in/digital/home/app-form2,/content/nivabupa/en/in/digital/home/thank-you1,partner.nivabupa.com
/content/nivabupa/in/en/agent

Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
otp icon
OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
FIND MY PLAN

Group Travel Insurance for Organisations: What You Need to Know

Posted On : 21 February 2024, 2 Months Ago. Travel
Group Travel Insurance for Organisation: Overview and Coverages

Travelling is necessary for any business, whether meeting investors, visiting project plants, or perhaps even as a relaxation getaway in an offsite. For organisations and companies, getting insurance for the entire group is the best way to ensure all travelling members' safety and well-being. It is a cost-effective and convenient way of covering everyone in the group with a single policy.

 

Although organisations predominantly use this for business travel, it can apply to any kind of group, such as a school excursion or a backpacking trip with several non-related individuals.

 

In this article, we will explore what group travel insurance is, the coverages offered to group travellers, where to buy insurance for groups, and more.

 

What is Group Travel Insurance?

Group travel insurance is a type of travel insurance that offers protection to a group of travellers from risks arising from unexpected circumstances. From financial loss to medical emergencies, it provides all of the benefits of opting for insurance in a cheaper and more favourable way for an organisation. 

 

An insurance policy allows them to provide insurance coverage for all employees in one go, thus paying only one discounted premium rather than covering several single-trip policies.

 

What is the Travel Insurance Coverage Offered to Group Travellers?

Group travellers are offered all of the same coverages as the ones for individual travellers. These are the most common risks protected in the form of coverage by travel insurance for groups.

  • Delay or loss of checked-in baggage is a common risk, and this coverage offers reimbursement for the loss or partial compensation for delayed baggage.
  • Missing a connecting flight can result in loss of the cost of the flight or additional expenses. This coverage offers a reimbursement for the amount protecting you from financial loss.
  • Trip delay or cancellation is covered with reimbursement for the additional expenses or the flight, hotel, and other things mentioned in the policy document.
  • Emergency medical treatment is a necessary coverage. This offers the cost of hospitalisation, ambulance services, medical evacuation, etc. This is one of the core benefits of international travel insurance as domestic health insurance typically doesn’t carry forward overseas.
  • Loss of business equipment coverage is also essential as it offers protection if an employee loses business critical equipment in a foreign country.
  • Loss of essential documents coverage reimburses individuals for the cost of applying for a fresh passport or other covered documents if lost.
  • Personal accident coverage. Accidents don’t look for a time or a place to occur; this coverage offers the necessary coverage in case such a thing happens.
  • Third-party liability is a coverage offering protection from legal liability in case of accidental bodily injury or property damage.

 

What are some Factors to Consider when Buying Insurance for the Entire Group?

To understand how to choose the best travel insurance group, certain factors must be considered. Here are some of the key factors you should consider when purchasing travel insurance for groups:

 

1. Requirements

Understand your organisation’s requirements based on the coverages, destination country, number of people travelling, trip duration, etc., and then compare the policies offered

 

2. Exclusions

It is essential to understand the exclusions in the policy to ensure the claim request is allowed when needed.

 

3. Premium Price

Insurers offer a range of premium prices depending on the sum insured.

 

4. Claims Settlement ratio

When opting for an insurer, it is essential to consider their claims settlement ratio to determine whether they will approve your claim when required.

 

Conclusion

Offering unmatched convenience and cost-effectiveness for group travellers and affiliated organisations, Niva Bupa’s group travel insurance plans are an excellent option for travellers. It provides all the necessary and additional coverages to travellers, offering them peace of mind and ensuring their well-being.

 

Popular Searches : Health Insurance Company | Health Insurance | Health Insurance Articles | Critical Illness Insurance | Personal Accident Insurance | Mediclaim Policy | Individual Health Insurance | Family Health Insurance | GoActive Family Floater Plan | Health Companion Family Floater Plan | Health Premia Family Floater Plan | Health Pulse Family Floater Plan | Health Recharge Family Floater Plan | Heartbeat Family Floater Plan | Money Saver Family Floater Plan | Saral Suraksha Bima Family Floater Plan | Senior Citizen Family Floater Plan | Super Saver Family Floater Plan | Corona Kavach Family Floater Plan | Mediclaim | Hospital Cash Insurance | Cashless Health Insurance | Maternity Insurance Benefit | Travel Insurance

 

Covid Omicron | Coronavirus Health Insurance | Covid XE Variant | Norovirus

 

Health Insurance Schemes : Chief Ministers Comprehensive Health Insurance Scheme | Employee State Insurance Scheme

 

Travel Insurance Plans : International Travel Insurance | Student Travel Insurance | Travel Insurance USA | Travel Insurance Canada | Travel Insurance Thailand

 

Others Health Card | 80d Tax Saving | Ayushman Bharat

Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
otp icon
OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
FIND MY PLAN