Family Travel Insurance

Features and Benefits of Family Travel Insurance Policy:

Following are some of the important features and benefits that Family Travel Insurance offers:

• Medical attention in many countries can be extremely expensive without insurance. All the expenses related to medical emergencies of any of the family members will be covered under this one scheme. Everything from illnesses, bodily injury, hospitalization, the expense of a family member travelling to visit an ailing family member, emergency medical evacuation back to India, the expense of transporting the mortal remains of an insured family member or the burial overseas etc. will be covered with policy.
• Compensation for death/permanent disability caused by an accident while travelling in a common carrier.
• It is not only an annoying but an expensive affair if your trip gets delayed. Family Travel Insurance makes sure that all such expenses are covered.
• Compared to individual travel insurance schemes, having one policy for the entire family will reduce the premium that you must pay because most insurance companies include children from 3 months to 21 years. Further it is much more convenient to get a single policy rather than multiple policies for each member.
• Purchasing insurance individually for family members can be much more expensive than getting the single Family travel insurance scheme which covers the entire family.
• Hiccups like baggage loss/delay, losing travel documents etc. will be smoother with a good family travel insurance in place. The cost of getting a new passport will be covered. The expenses due to delayed/cancelled flight is also covered, as is the cost of missing a connecting flight because of it.
• If your house back home gets robbed while you are travelling abroad, this scheme will cover the expenses incurred.
• In the unlikely event of a hijack also you will be given allowance.
• If you happen to lose your money while travelling, you will be offered emergency funds by most insurance companies.
• Many insurance companies let you customize your policy to fit your family’s needs. Trips as short as four days can be covered. Also, there are policies offered for everything from annual, round-trip, single-trip and multi-trip policies.
• You can opt for additional coverage (For medical evacuation, repatriation, personal accident etc. ) to feel even safer.
• Majority of insurers now offer other facilities like cashless claims, minimal documentation, online renewal, international assistance and competitive premium rates for family travel insurance.

Please note that the points described are the common features and benefits offered by most insurance companies. However, each company may have different inclusions/exclusions which must be read and understood before purchase.

Best Family Travel Insurance Policies by Travel Insurance Companies in India :

1. Reliance General Travel Insurance
2. Apollo Munich Travel Plans
3. SBI General Travel Insurance
4. ICICI Lombard Travel Insurance Plans
5. Bharti AXA Travel Plans
6. Oriental Insurance Travel Insurance
7. Max Bupa Travel Insurance
8. Cholamandalam Travel Insurance Plans
9. Future Generali Travel Plans
10. HDFC Ergo Travel Insurance Plans
11. IFFCO Tokio Travel Insurance Plans
12. National Insurance Travel Insurance
13. New India Assurance Travel Insurance
14. Royal Sundaram Travel Insurance

Family Travel Insurance Eligibility:

The criteria for eligibility of a overseas family travel insurance india differs from company to company. However, most insurance companies offer the policy for families with members between 3 months and 65 years. If a family member is over 65 years they may have to go for an Individual Policy. The policy you are offered will depend on factors such as your destination, how long the trip is, the medical condition of family members etc.

Exclusions of Family Travel Insurance India:

Although it varies from company to company, these are some of the common exclusions of most Family Travel Insurance policies:

1. Pre-existing conditions and related complications including mental disorders, HIV/AIDs etc.
2. acts of war/terrorism
3. suicide attempts/self-inflicted injuries
4. not adhering to medical advice
5. effects of drugs/alcohol use
6. involvement in criminal acts as well as injuries caused by participation in hazardous activities
7. Theft/loss of baggage that is not reported to local police authorities
8. Damage/partial loss for checked-in baggage.

Family Travel Insurance claim process:

1. Make sure that you inform the local authorities if your belongings are stolen or other such instances. Your insurance company may ask for the details of the police report.
2. You may either call or email the insurance company. Most companies have a 24/7 hotline number that you can reach in case of emergencies. The number to reach the insurance company is usually a toll free number and differs if you are calling from India or abroad. Make sure that you have these numbers on you at all times while travelling.
3. A service representative will talk to you about your situation and brief you about the next steps to be taken. You will be emailed/faxed a claims form.
4. You will be told which documents you will require for the procedure of claiming the insurance amount, depending on the nature of the issue. For example, flight delay, medical emergency, theft of your belongings etc.
5. All the supporting documents will have to be sent to the company by e-mail or fax.
6. Once the documents are assessed, your claim may be approved.
7. If you have purchased your insurance plan from Bajaj Allianz for example, the process of claiming involves you informing the company as soon as the problem arises. If, for example, you have been admitted in the hospital, a representative from Bajaj Allianz will have to talk to a hospital personnel and arrange for direct billing. Outpatient medical care billing will vary from case to case. The number to contact Bajaj Allianz from abroad varies from country to country.