Group travel insurance benefits
Travelling abroad in a group offer holidaymakers many advantages, the most valuable of all is the purchasing power of a large group of people travelling together. The buying power of a group of holidaymakers means savings in money when booking flight tickets, hotel accommodation, tours as well as travel insurance policies. Group travel insurance policies are offered by leading providers such as Regent, Hollard and Travel Insurance Consultants (TIC).
Group travel insurance policies are offered to groups travelling in numbers of 10 and more together to the same destination and in the same time period in order to receive maximum benefit of lower premiums and other advantages. Savings in premiums are gained when compared to single travel insurance policies.
There are a number of reasons South African travellers opt for travel insurance when going abroad. A number one reason is – simply not wanting to bear the huge costs that arise out of travel emergencies. And it is not just medical expenses that can place undue financial pressure on travellers unfortunate enough to need it. Having to evacuate due to a natural disaster, lost luggage, missed flights, being victims of theft, can all bring about devastating financial losses to travellers who do not have the extra cash to cover these losses. Holiday travel insurance means not having to worry about unplanned for situations.
South African travellers most suited to benefit from group travel insurance policies include:
• families travelling together
• student groups
• missionaries
Travellers should be in a healthy physical condition to travel.
What the group travel insurance policy offers:
• emergency medical assistance costs up to the value of R25 million
• travellers in a group aged 69 years and younger are covered
• maximum duration of group travel insurance with TIC is 365 days
Children do not share cover on this policy.
Key benefits under the Group travel insurance
• R25 000 000 in emergency medical assistance (covers Schengen visa)
• R200 000 for pre-existing medical conditions
• R100 000 for personal accident cover
• R2 000 000 for personal liability cover
• R15 000 for travel supplier insolvency cover (airlines, coaches, trains, etc.)
• Compensation for missed connections and flight cancellations
• Covered for baggage delays
• Access to a 24 hour helpline
What travellers should know about travel insurance
Travellers should meet all the conditions stipulated by travel insurance providers. Failure to heed the rules of a policy may mean having your claim rejected by the insurer.
Any person travelling against the advice of a medical practitioner will not be covered by a travel insurance provider.
The benefits and exclusions of group travel insurance policies vary from insurer to insurer. When shopping around, it is important to take note of the differences in both benefits and exclusions. Not knowing what the exclusions are for each category of cover may leave you frustrated when your claim made during an insured journey is nullified.
For groups of less than 10 people travellers can select either budget travel insurance, Schengen visa travel insurance or leisure travel insurance. Call Easy Travel Insurance on 010 211 4858 for all your group travel insurance needs.
