Corporate Travel Insurance Policy

What is Corporate Travel Insurance Policy

Corporate Travel Insurance is a specialised policy designed to protect employees who travel for business purposes. This insurance covers unforeseen events during business trips, including medical emergencies, flight delays, baggage loss, etc. The main objective of corporate travel insurance is to ensure that businesses can safeguard their employees against the financial impact of travel-related issues, allowing them to focus on their work without worrying about potential risks.

Benefits and Features of Corporate Travel Insurance in India

Corporate travel insurance in India offers a comprehensive range of benefits and features crafted to fit the specific demands of business travellers.

Key benefits include-

- Coverage for medical expenses and emergency medical evacuation, which ensures that employees receive the necessary medical attention abroad.

- The policy also covers personal accidents, loss of checked-in baggage, and trip delays, providing financial protection in various scenarios.

- Additionally, it includes repatriation services, emergency dental pain relief, and personal liability coverage, making it an essential safety net for corporate travellers.

Why Corporate Travel Insurance?

Business or Pleasure? You’ve probably been asked that question on arrival at an international airport hundreds of times now. If your response is mostly the former, then Corporate Travel Insurance is for you. Mergers, acquisitions and collaborations make the business world go round. As businesses look to expand their presence in foreign markets, corporate travel insurance protects you, as a busy executive, from common travel related risks. Overseas business travel can be a joyful experience but carries certain inherent risks. There may be missed connections, baggage loss, loss of passport, medical emergencies and third party claims that can upset your applecart. A good travel insurance plan can come in handy at such times. What if you could travel the world without worrying about something going wrong? That is exactly what Bajaj Allianz has to offer. Our Corporate Travel Insurance Policies are designed to take care of all your travel woes. We, at Bajaj Allianz, take care of almost all the risks associated with overseas travel. Bajaj Allianz Corporate Travel Insurance is a comprehensive Travel Insurance Policy that can fit any budget. It covers medical conditions and eventualities. Hospitalisation expenses and other incidental costs can also be easily managed with our Corporate Travel Insurance.

Coverage Under Bajaj Allianz Corporate Travel Insurance

The Corporate Travel Insurance plan offers extensive coverage and covers the following:

Personal Accident

Death or permanent total disability due to an accident is covered under the plan.

Medical Expenses and Medical Evacuation

Medical expenses incurred due to illness or injuries during overseas travel are covered. In case you need emergency medical care and need to be evacuated to India, the cost will be covered under the Corporate Travel Insurance.

Emergency Dental Pain Relief

The cost of treating emergency dental pain is covered up to the insured amount.

Repatriation

In case of the unfortunate demise of the insured during business travel, the cost of transporting the mortal remains back to India will be covered under the plan.

Loss of Checked-in Baggage

Any complete and permanent loss of checked-in baggage will be covered under the travel insurance policy.

Accidental Death and Disability (Common Carrier)

Death or permanent total disability caused due to bodily injury while travelling in a common carrier such as trams, rail, buses or aircraft will be covered.

Loss of Passport

In case you lose your passport while on overseas travel, the cost of procuring a duplicate passport will be covered.

Personal Liability

The insurance covers any third party claim arising due to bodily injury or damage to property inadvertently caused by the insured.

Hijack Cover

In the event you are a victim of a hijack, the maximum amount specified in the Schedule will be paid.

Trip Delay

One instance of trip delay will be covered by us during the policy period, either while leaving India or coming back into the country.

Hospitalization Daily Allowance

In case of hospitalization, you get a daily allowance, provided the conditions mentioned under the medical section are met.

Trip Cancellation

In case the trip gets cancelled due to unavoidable circumstances, you will be covered for the accommodation and travel charges that you may have incurred. Only one event of trip cancellation will be compensated during the policy period.  Any loss you suffer due to trip curtailment will also be covered.

Delay of Checked-in Baggage

In case your baggage is delayed beyond 12 hours, you will be covered for expenses incurred in buying toiletry, emergency medication and clothing.

Home Burglary Insurance

The plan also carries burglary insurance on the insured’s home in India. Any loss due to actual or attempted burglary during the travel period will be compensated.

Emergency Cash Benefit

In case you require cash due to emergencies such as theft, mugging or theft of baggage, we will be at your service, with the emergency cash facility.

Golfers Hole-in-one

If you are an avid golfer, there is great news for you! If you win a Hole-in one on any United States Golfers’ Association recognised golf course abroad, the celebration will be on us! 

Unique Features of Bajaj Allianz Corporate Travel Insurance

There are many reasons why you should buy a Corporate Travel Plan from us:

- Bajaj Allianz offers customized plans with premiums that are light on your pocket.

- You can travel in peace with all major travel risks being covered.

- Loss of baggage, hospitalization costs and other incidental expenses are covered.

- You can reach us from any country using our international toll-free phone number and fax number.

- We are known for fast claim settlement, with minimal documentation requirements.

Why Choose Bajaj Allianz General Insurance Company for Business Travel Insurance?

Bajaj Allianz General Insurance Company stands out as a reliable partner for corporate travel needs. With a focus on delivering comprehensive protection and seamless support, here’s why businesses trust Bajaj Allianz General Insurance Company for their travel insurance:

Comprehensive Coverage:

Protects against a range of risks, including medical emergencies, trip cancellations, and check-in baggage loss, ensuring complete peace of mind.

Customised Solutions:

Offers tailored plans to meet the unique requirements of businesses and corporate travellers.

Competitive Pricing:

Provides cost-effective policies without compromising on coverage, making it a smart choice for companies.

Global Assistance Network:

Ensures 24/7 support across the world, offering prompt help during emergencies.

Swift Claim Settlement:

Backed by an experienced team, claims are processed efficiently, minimising disruptions for corporate clients.

Add-On Covers For Corporate Travel Insurance Policies

Several add-on covers are available to enhance the protection provided by standard corporate travel insurance. These add-ons can be customised based on the business's and its employees' specific needs. Popular add-ons include

- Hijack cover, which provides compensation in the event of a hijacking, and trip cancellation cover, which reimburses the costs incurred due to unexpected trip cancellations.

- Other add-ons may include home burglary insurance, which covers losses due to burglary at the insured's home while travelling, and emergency cash benefit, offering immediate financial assistance in emergencies.