A person responsible for a group’s travel plans, a group of students going for studies to some foreign country and even the employers can purchase a Group Travel Policy. It can provide adequate travel insurance to friends, family, classmates, colleagues, etc. traveling together as a group.
Here are few groups/organizations who should buy the policy.
- By Employer for Employees: Employers can buy the cover for their employees traveling together or frequently to places.
- Travel Agents: While organizing group holidays (tours for institutions, family gatherings, product launches, etc.) the travel agency can buy insurance for the group.
- Organizing A Family Holiday: A family travel insurance policy will cover 2 adults and all your children. If you’re going with extended family, they must be insured as a separate adult.
- Event management companies: For specific events, if the company is also responsible for travel arrangements for the event; then the event management company should buy the policy covering the group of people they are responsible for.
- Students going for Foreign Studies: Students going to a foreign country can take up a group travel policy together, and be safe from the financial hardships caused due to loss of baggage,
The cover may typically include overseas emergency medical care and expenses, delays and cancellations, lost luggage, personal liability and much more. Some companies may even cover a group of up to 25 people.
A Case of taking Group Travel Policy
- Matrix Pvt. Ltd. is a software development company in Chennai. The marketing department of the company is going for a week’s holiday during Diwali to Jim Corbett National Park to get close to nature and wildlife. Due to an exceptional performance by the marketing team last quarter, this trip is an extra bonus given by the management to the team.
Since the trip has been organized by the company, the employer takes a wise decision to also get a group insurance travel policy for the employees. Hence in case of any theft or loss of any valuable item and document, or any medical emergencies, during the travel – the employees are covered and will be compensated the amount of loss.
- In another case, Abhay residing in Delhi is attending a close friend’s destination wedding in Goa during the upcoming long weekend next month. Being a close friend of the groom, he is in charge of getting the 8 college friends’ (residing in Delhi) travel bookings. He has chosen a single travel booking agency for the destination wedding to Goa.
Abhay has opted for the travel insurance cover as well for the group as offered by the travel agency. Hence, under a single policy, all the friends will be covered. Due to the group travel cover; all the friends for the entire duration of the trip to Goa and back to Delhi, for any baggage, documents, or currency loss.
Click here to know how to file a claim under Group Travel Insurance