| Group Travel Insurance |
| Written by Nancy Sinatra | |
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Traveling and insurance, may not seem an appropriate combination, but it does make sense, when the numerous risks related to traveling are taken into consideration and group health insurance comes into play. Life is so unpredictable that one has to be alert at all times, while traveling or otherwise. Accidents, illness, money or luggage loss, delayed or canceled flights and in worst cases terrorist attacks, are some of the problems, which are out of our control. Though we cannot totally avoid these circumstances, but taking some precautionary measures can surely decrease their effect. Thus, to avoid the unnecessary and uninvited expenditures, you should consider taking a travel insurance plan.
Traveling can be exciting and rewarding proposition especially, if you are accompanied with a group of people. But it should also be understood that the dangers or risks while traveling with a group can get doubled, especially if you traveling in a foreign country. In that case, taking a group travel insurance plan is what you need to consider. To avail the benefits of group travel insurance plan, you should have at least 5 members in your group. You should also keep in mind that the coverage area of the plans differ from company to company, thus clarifying each and every clause is necessary, before finalizing a group travel insurance plan. It should cover the following features: • Personal accident or injuries in car/train/air accidents. • Daily allowance in case of hospitalization. • Death due to an accident or terrorist attack. • Hijack distress allowance. • Emergency financial assistance. • Health problems during travel. • Loss of personal or business items, like money, passport, etc., at airport/hotel/or anywhere else. • Losses due to delayed or canceled flights, for any reason, be it bad weather or a terrorist attack. • Trip delay due to any factor, be it missing connecting flights, or delay due to some security reasons. • Personal Liability. By covering all the above points, you get two plans in one, travel accident insurance plus flight travel insurance. Not only does it help in reducing the unexpected and unplanned medical but also non-medical expenses, thus relieves all tensions one usually has while traveling. Traveling with a group of people always brings emotional support, when faced with troublesome circumstances. Taking group travel insurance is also beneficial as it brings down the premium rates, which makes it more affordable than taking an individual travel insurance plan. The climatic conditions, food and general law and order are usually different from your home country, which should also be considered while deciding the features of your group travel health insurance plan. Almost all companies cover the preexisting medical problems while offering you group travel medical insurance. \Most of the insurance companies specify a time period, called the “look-back period” during which any treatment of preexisting health conditions would be excluded, usually the time period considered is three years prior to the effective date of the policy. In other words, this means that expenses resulting from medical conditions that were treated within the last three years from the policy effective date would not be covered. One of the reasons why you must take group travel health insurance plan, while traveling with your family, a group of friends, or office colleagues, is the expensive medical treatment abroad. Instead of shelling a lot of money there, your insurance plan will take care of all your needs and unnecessary expenses. Also, some of the popular tourist destinations like European countries; Australia, New Zealand, Canada and the US make it mandatory for visitors to take travel insurance first. Even if you are on an official tour, you should get the travel insurance done, to avoid any future troubles. There are many single as well as multiple travel insurance plans, being offered by insurance institutions to make use of the increased mobility of people. The duration of a long stay travel insurance plan is 3 to 18 months and is thus an ideal option for those who plan to take long trips with family or friends. Now days, we see many companies offering travel packages for the employees and their families. In such a case, the company should make arrangements for the travel insurance of its employees and their families. By considering all the possibilities of dangers that you may face during traveling, an individual or group travel insurance plan, takes off the tensions from your shoulders and lets you have maximum fun out of your visit. Although some credit cards also provide travel insurance to its customers, but it is usually limited to coverage for car rental damage and flight accidents. Most of the credit cards do not offer any coverage for travel medical expenses, evacuation costs or trip cancellation costs, thus it is advisable to take a proper travel insurance plan, to be prepared for any circumstance. |
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