Corporate Travel Insurance

What is Corporate Travel Insur

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.

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.

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 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!

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

What Does Our Travel Policy Cover?

Travel Companion Plan

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.

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.

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

Inclusions

●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

Exclusions

●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.

Claim Process for Corporate Travel Insurance

Filing claims under corporate travel insurance with Bajaj Allianz General Insurance Company is designed to be a smooth and efficient process. Employees facing emergencies during business travel can access the 24/7 assistance helpline for immediate support, ensuring quick claim registration. Bajaj Allianz General Insurance Company prioritises transparency and convenience, making it easy for policyholders to submit claims.

Immediate Notification:

In case of an incident during business travel, contact Bajaj Allianz General Insurance Company’s 24/7 helpline through a missed call or visit the online claims portal to register the claim.

Submit Necessary Documents:

Provide relevant documents, including medical bills, police reports (in case of theft or loss), proof of trip delay, or any supporting evidence as required.

Verification:

The Bajaj Allianz General Insurance Company team will review the submitted documents to ensure completeness and accuracy.

Claim Processing:

Once verified, the claim is processed, and any additional details required will be communicated promptly.

Settlement:

Approved claims are settled quickly, ensuring minimal disruption to employees during their travel.

With a dedicated claims team, Bajaj Allianz General Insurance Company ensures timely settlements, minimising travel disruptions. This streamlined process reflects the company’s commitment to providing a stress-free experience, reinforcing the reliability of their business travel insurance policy for corporate clients.

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.

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 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.

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.