Cover Story
Better Safe than Sorry:
Insure Before Travelling
There is a range of products available in the market to insure against the risks
and perils that come with the travel. Suyash Desai lists out details of travel
policies that can come to your aid in an emergency
ICICI Lombard Travel
Insurance
Products offered:
1. Single Trip Insurance Policy
Coverage
2. Gold Multi Trips
Policies include:
Total loss of checked-in baggage
(including handbag)
Personal accident
Medical benefits (including
evacuation cost)
Loss of passport
Emergency cash advance
Missed flight connection
Political risk and catastrophe
evacuation
Policies exclude:
Claim due to pre-existing
medical condition/ailment
whether declared or undeclared
Addiction to alcohol and drugs
Mental disorder and depression
Venereal diseases
Sexually transmitted diseases
like HIV/AIDS
Radiation (nuclear weapons-
induced)
Sporting activities
Expenses arising out of loss of
valuables, money, tickets etc
The Costs:
Total premium for the sum
insured of $250,000 is `2,297
Total premium for the sum
insured of $100,000 is `2,002
Total premium for the sum
insured of $50,000 is `1,203
(The above package is calculated for a
38
single traveller in the three months-50
years age group, inclusive of taxes. The
premium is calculated for a trip to the
US and Canada.)
Bajaj Allianz Travel
Insurance
Products offered:
1. For Individuals
2. For Family
3. For Students
4. For Senior Citizens
5. For Domestic Travel
Policies include:
Medical expenses (individual
and family)
Loss/delay of checked baggage
Cashless service for medical
expenses abroad
Loss of passport
Emergency cash advance
Automatic claim settlement
service for customers through
one-stop platform,Travel Ezee
Home burglary insurance
Policies exclude:
Pre-existing medical condition/
ailment whether declared or
undeclared
Routine physical or other
examination
Medical expenses beyond the
expiry of the policy period
Suicide, attempted suicide or
wilful, self-inflicted injury
Mental disorder and anxiety
Venereal disease, alcoholism or
drugs abuse
Manual work, hazardous
occupation or engaging in any
Outlook Money April 2018 www.outlookmoney.com
criminal or illegal act
Pregnancy, miscarriage, abortion,
among others
The Costs
For 25 years male, total premium
for the sum insured of $500,000
for Travel Prime plan is `1,668
and Travel Elite plan is `1,539
For 25 years male, total premium
for the sum insured of $200,000
for Travel Prime plan is `1,426
and Travel Elite plan is `1,289
For 25 years male, total premium
for the sum insured of $50,000 for
Travel Prime plan is `1,257 and
Travel Elite plan is `1,115
(The above is exclusive of taxes.
Worldwide tour includes the US and
Canada)
Tata AIG Travel Insurance
Products offered:
1. Travel Guard
2. Asia Travel Guard
3. Domestic Travel Guard
4. Student Guard - Overseas Health
Insurance Plan
Policies include:
Compensation for lost baggage
Compensation to buy essentials, if
baggage arrival is delayed
Compensation on burglary or
attempted burglary
Reimbursement for duplicate or
new passport
Distress allowance for every 24-
hour period, if flight is detained by
hijackers
Compensation for accidental
death or injury during the trip