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Corporate Travel Insurance Policy

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Corporate Travel Insurance

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What’s in it for you?

Flight delay & cancellation cover

Medical expenses cover

SI options from 50000 USD to 5000000 USD

What is Corporate Travel Insurance?

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-

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

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

3) 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 Personal Accident

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

  • Medical Expenses and Medical Evacuation 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 Emergency Dental Pain Relief

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

  • Repatriation 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 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) 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 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 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 Hijack Cover

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

  • Trip Delay 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 Hospitalization Daily Allowance

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

  • Trip Cancellation 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 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 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 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 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!

    For the coverage details refer to the following section from the page.
    Section: What Does Our Travel Policy Cover?

Why Corporate Insurance?

Unique Features of Bajaj Allianz Corporate Travel Insurance

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

1. Bajaj Allianz offers customized plans with premiums that are light on your pocket.
2. You can travel in peace with all major travel risks being covered.
3. Loss of baggage, hospitalization costs and other incidental expenses are covered.
4. You can reach us from any country using our international toll-free phone number and fax number.
5. We are known for fast claim settlement, with minimal documentation requirements.

Frequently Asked Questions

Is there a limit on the number of days that I can avail of travel insurance cover in a year?

You can enjoy corporate travel cover for a maximum of 180 days in a year. Multiple trips can be covered in a year. The maximum duration of each trip that is covered is limited to 30, 45 or 60 days depending upon the plan you have chosen.

What is the Travel Companion Corporate Insurance Plan?

This is a comprehensive travel insurance plan that covers most of the risks associated with overseas travel. It covers corporate travellers within the age limit of 18 and 60.  

There are two variants of this plan:

Travel Companion Corporate Lite that offers you medical coverage up to USD 2,50,000

Travel Companion Corporate Plus that offers medical coverage up to USD 5,00,000

What is the Travel Elite Corporate Plan?

If you are a frequent flier, this is the plan for you! This plan is specially designed to cater to the needs of frequent travellers. It offers all the benefits of the Travel Companion Plan with a few additional benefits such Accidental Death and Disability Cover (Common Carrier).

There are two versions of this plan:

Travel Elite Corporate Lite and Travel Elite Corporate Plus- These are exclusive plans for the corporate traveller, with varying Sum Insured and premiums.

What is the Travel Prime Corporate Plan?

The Travel Prime Corporate Policy is a specially customized plan to take care of the needs of the corporate traveller. Any Indian citizen going abroad, who holds a valid Indian passport is eligible for this product. The age of the proposer should be between 18 years and 70 years. The plan covers medical eventualities including hospitalization and other related expenses, at a very economical premium.

Under the Travel Prime Corporate Policy, you get a variety of plans to choose from, depending upon the travel insurance cover that you need and the premium that you are comfortable with:

Travel Prime Corporate Lite USD 2,50,000
Travel Prime Corporate Plus USD 5,00,000
Travel Prime Corporate Maximum USD 10,00,000
Travel Prime Corporate Age Lite USD 50,000
Travel Prime Corporate Age plus USD 2,00,000

The Travel Prime Corporate Plan offers a policy period of 365 days with a maximum coverage of 180 days in a year. The trip duration can be 30, 45 or 60 days.

Do you have any business travel insurance for Senior Citizens?

Yes, we have the Bajaj Allianz Corporate Age Plan. This is a travel plan that is specifically meant to take care of the travel needs of senior citizens aged between 61 and 70 years. The plan will not cover pre-existing illnesses.

There are two plans to choose from, depending upon the insurance cover that you need:

Corporate Age Lite offering medical coverage up to USD 50,000

Corporate Age Elite offering medical coverage up to USD 2,00,000

What is the claim settlement process under the Corporate Travel Insurance?

There are two ways of registering the claim:

Online and Offline

For Online Claim Settlement, you need to register your claim on the Bajaj Allianz site and upload the relevant documents.

In case of Offline Claim Settlement, you can register the claim by dialling our toll free number 1800-209-5858

Cashless and Reimbursement Claims

For a cashless claim, you can intimate the company by call, mail or fax and share the policy details. Once the hospital submits the required documents, a guarantee of payment letter is sent to the hospital and the insured is treated free of charge.

For reimbursement claims, the customer needs to collect the required documents from the hospital and submit them to the company. If all the documents are in place, the claim is approved and payment is made by NEFT to the Indian bank account of the customer. In certain cases, you may be asked for additional documents.

What does corporate travel insurance typically cover?

Corporate travel insurance typically covers medical expenses, personal accidents, lost checked-in baggage, flight delays, trip cancellations, repatriation, emergency dental pain relief, and personal liability. It ensures that employees are financially protected during their business travels.

Are there any specific exclusions in corporate travel insurance policies?

Yes, corporate travel insurance policies often exclude pre-existing medical conditions, expenses incurred beyond the policy period, non-standard treatments, and losses due to negligence or failure to take reasonable precautions. It's important to read the policy terms carefully to understand all exclusions.

What are the procedures for filing a claim under corporate travel insurance?

To file a claim, notify the insurance provider immediately after an incident. Submit the required documentation, such as medical reports, police reports, and proof of travel. Once all documents are verified, the insurance company will review the claim and process the reimbursement or assistance.

How does the premium for a corporate travel insurance policy vary based on factors like duration and destination?

The premium for a corporate travel insurance policy can vary based on several factors, including the duration of the trip, the destination, the number of travellers, and the coverage limits selected. Higher-risk destinations and longer trip durations typically result in higher premiums.

Are there any additional benefits or perks included in corporate travel insurance policies?

Yes, many corporate travel insurance policies offer additional benefits such as emergency cash benefits, home burglary insurance, and golfer's hole-in-one cover. These perks provide added peace of mind and financial security for travellers during business trips.

Spreading Smiles Through Our Services

ABHIJEET DOIPHODE

Quick and easy, user friendly process to buy travel insurance.

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Very good website. Easily obtained policy in few steps.

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Quick and easy, user friendly process to buy travel insurance.

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What Does Our Travel Policy Cover?

 

Travel Companion is a basic travel plan that you should have whenever you are travelling internationally. It covers medical expenses of your family while abroad.

Here's what this plan offers:

 

Coverages Benefits in US $
Medical Expenses, Evacuationand Repatriation 50000
Emergency dental pain relief included in (I) above 500
Loss of Baggage (Checked)
Note: Per Baggage maximum 50 % and per item in the baggage 10 %.
250**
Delay of Baggage 100
Personal Accident
Only 50% of the Sum assured in respect of the death of the insured person below age of 18 years
10,000***
Loss of Passport 150
Personal Liability 2,000
**Per Baggage maximum 50 % and per item in the baggage 10 %. *** Only 50% of the Sum assured in respect of the death of the insured person below age of 18 years

This plan gives you much wider protection as compared to Travel Companion Plan. In addition to offering benefits offered by Travel Companion Plan, this plan also covers loss of checked baggage, hijack, emergency cash advance, etc.

Coverages Benefits in US $
Medical Expenses, Evacuation and Repatriation 50000
Emergency dental pain relief included in (I) above 500
Personal Accident
Note: Only 50% of the Sum assured in respect of the death of the insured person below age of 18 years
10,000**
AD & D Common Carrier 2,500
Loss of Checked Baggage
Note:Per Baggage maximum 50 % and per item in the baggage 10 %.
250**
Delay of Baggage 100
Loss of Passport 250
Hijack $50 per day to
maximum $ 300
Trip Delay $ 20 per 12 hrs to
max $ 120
Personal Liability 1,00,000
Emergency Cash Advance****
Note: Cash Advance would include delivery charges
500
Golfer's Hole-in-one 250
Trip Cancellation 500
Home Burglary Insurance Rs.1,00,000
Trip Curtailment 200
Hospitalization Daily Advance $25 per day to max $100
**Per Baggage maximum 50 % and per item in the baggage 10 %. *** Only 50% of the Sum assured in respect of the death of the insured person below age of 18 years**** Cash Advance would include delivery charges

Travel Prime Plan also offers similar coverage as Travel Elite Plan. However, in this plan, the coverage amount is much greater.

Under this plan, you get a wide range of policies from which you can have your pick. Each of the policies under this plan is customised to meet your specific needs.

Regardless of whether you’re 21 years of age or 70; a businessman or a student, you can find a policy that is best suited to you. For the various needs of the average traveller, we have dedicated solutions.

The Travel Prime Plan comes in three specialized variants as below:

  Silver Gold Platinum
Coverages Benefit in US$ Benefit in US$ Benefit in US$
Medical Expenses,Evacuation
and Repatriation
50,000 2,00,000 5,00,000
Emergency dental pain relief
included in (I) above
500 500 500
Personal Accident
Only 50% of the Sum assured in respect of the death of the insured person below age of 18
years
15,000*** 25,000*** 25,000***
AD & D Common Carrier 2,500 5,000 5000
Delay of Baggage 100 100 100
Loss of Checked Baggage
Per Baggage maximum 50 % and per item in the baggage 10 %.
500** 1,000** 1,000**
Hijack $50 per day to max $ 300 $60 per day to max $ 360 $60 per day to max $ 360
Trip Delay $ 20 per 12 hrs to max
$ 120
$ 30 per 12 hrs to max
$ 180
$ 30 per 12 hrs to max
$ 180
Personal Liability 1,00,000 2,00,000 2,00,000
Emergency Cash Advance****
Cash Advance would include delivery charges.
500 1,000 1,000
Golfer Hole-in-one 250 500 500
Trip Cancellation 500 1,000 1,000
Home Burglary Insurance Rs.1,00,000 Rs.2,00,000 Rs.3,00,000
Trip Curtailment 200 300 500
Hospitalization Daily Allowance $25 per day to max $100 $25 per day to max $125 $25 per day to max $150
Loss of Passport 250 250 250
**Per Baggage maximum 50 % and per item in the baggage 10 %. *** Only 50% of the Sum assured in respect of the death of the insured person below age of 18 years **** Cash Advance Would include delivery charges.

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

1) 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.

2) 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.

Claim Process for Corporate Travel Insurance

Filing a claim under corporate travel insurance is designed to be straightforward and hassle-free. The process typically involves

1) Notifying the insurance provider when an incident occurs.

2) The insured must then provide necessary documentation, such as medical reports, police reports (in case of theft or loss), and proof of travel.

3) Once all required documents are submitted, the insurance company will review the claim and process the reimbursement or assistance accordingly.

4) Keeping all relevant receipts and reports is important to ensure a smooth claims process.

WHAT ARE THE SITUATIONS IN WHICH I AM OR I WON’T BE COVERED?

  • Inclusions

  • Exclusions

Medical expenses, evacuation and repatriation

Loss and delay of baggage

Total coverage up to 180 days in a year

Personal liability

Daily hospitalization allowance

Personal accident cover

Loss of passport cover

Trip delay cover

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Pre-existing diseases

Medical expenses beyond the expiry of policy period

Experimental, unproven or non-standard treatment

Delay of baggage when the intended destination is in India

Loss caused by the Insured's failure to take reasonable steps to guard against the loss of the passport.

Treatment by any other system other than modern medicine

Loss or damage to the Insured's passport as a result of the confiscation or detention by customs, police or any other authority.

Loss which is not reported to the appropriate police authority within 24 hours of the discovery of the loss, and in respect of which an official report has not been obtained

Delay of baggage when the intended destination is in India.

Loss or damage to the insured's passport as a result of the confiscation or detention by customs, police or any other authority.

Loss which is not reported to the appropriate police authority within 24 hours of the discovery of the loss, and in respect of which an official report has not been obtained.

Loss caused by the insured's failure to take reasonable steps to guard against the loss of passport.

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MADANMOHAN GOVINDARAJULU

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Very user friendly and convenient. Appreciate Bajaj Allianz team a lot.

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Very nice services with affordable premium of Travel insurance

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I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

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