When 35-year-old Mukul was planning a holiday with his family, buying a travel policy was the first thing on his mind. The family of four was looking to spend quality time in Dubai, and Mukul was in a dilemma about whether family travel insurance plans cover individuals.
Mukul is not alone. Several others have the same question. While going on a trip, you may find it difficult to choose between travel insurance family vs individual plans. This blog will help you find the answer if you are facing a similar dilemma.
Do Family Travel Insurance Plans Cover Individuals?
The answer is yes. A family travel insurance plan covers all the individuals you mention as a family while buying the plan. This type of plan is similar to an individual travel insurance plan, the only difference being that it covers not one person but the entire family.
So, when you embark on a family trip, purchasing family travel insurance rather than individual plans is wise.
Benefits of Family Travel Policies and Coverage Details
Family travel insurance plans offer the same benefits and coverage as individual travel policies. In other words, individual
travel insurance benefits match family travel insurance. Some major advantages provided by a family travel insurance plan are as follows:
Coverage for the Entire Family
This plan covers all family members going on a trip. Instead of buying individual plans for every family member, you can opt for a single plan offering holistic coverage.
Buying individual travel policies for every family member can be relatively expensive. That is not the case with a family travel insurance plan, as every family member gets covered for a single premium.
Less Cumbersome
Imagine four of you are going on a vacation, and you have to buy individual travel policies for all. Not only is it cumbersome, but also frustrating. However, things are different with family travel insurance plans.
Based on your requirements, you can opt for a single plan with a few clicks online from the comfort of your home or office. Moreover, with Reliance General Insurance, your family members need not undergo any medical tests for policy issuance, further easing the buying process.
Option to Customise
Customisation is one of the major benefits of a family travel insurance policy. You can customise the policy according to the needs of your family. This gives you the freedom to decide the coverage scope of your policy while ensuring that the policy premium is well within your budget.
Our Reliance General Travel Care Policy can be taken for a duration of up to 180 days, and can be further extended till up to 365 days. So, with us, you can customise the policy duration based on your trip duration.
Coverage for Uncertainties During your Trip
A family travel insurance plan cushions you financially from eventualities that may arise during your trip. These include:
Medical emergencies
Medical emergencies often arrive unexpectedly, throwing the best-laid travel plans into disarray. When you are out on a trip, a medical contingency of a family member can be emotionally and financially draining. However, a family travel insurance plan helps you easily cover such costs.
Loss of important documents
Losing essential documents such as your passport or other travel documents during a trip can land you in a sticky situation, especially if you are on foreign soil. Getting duplicate documents can also be costly. However, a family travel insurance plan covers expenses for getting duplicate documents.
Also, the policy document can act as a proxy identity proof during emergencies. Before buying the policy, you must submit proof of your identity and address to the insurer. Without them, your insurer is unlikely to pass your application.
Lost or delayed baggage
Stories of lost or delayed baggage during trips are not new. You might have reached your destination, but your baggage is left behind. Even worse, it can get lost. A family travel policy helps you cover the expenses for the temporary refilling of lost items, which is especially necessary if you are travelling with kids or your parents.
Flight cancellations or delayed flights
Cancelled or delayed flights are a bane for any traveller. The wait can be frustrating, and booking the next flight could result in significant expenses. A family travel insurance plan helps you cover these costs to a large extent.
Expenses for trip cut-off
If you need to return home and cancel your trip, this insurance plan helps cover the costs of non-refundable reservations, helping you minimise losses to some extent. Note that the coverage offered by family travel insurance plans may differ across insurers. Reading the policy's terms and conditions is essential to avoid claim rejections later.
Important Things to Keep in Mind While Buying a Family Travel Policy
Keep in mind these things before buying a family travel policy:
Coverage Offered
See the coverage offered by the plan. If you are travelling somewhere where expenses can be high in case of eventualities, opting for a plan offering high coverage is prudent.
List of Exclusions
Go through the policy's list of exclusions. Exclusions are the circumstances under which your policy will not offer you coverage or entertain your claims.
Insurer's Claims Settlement Ratio
It is wise to buy a policy from an insurer offering a high claims settlement ratio. This increases the chances of your claims being passed.
Claim Settlement Process
Make sure you are aware of the insurer's claims settlement process. Talk to the concerned executives to know how to file a claim. Keep the numbers with you so you can reach out immediately when needed.
Wrapping it Up
As evident, family travel policies cover individuals and help you mitigate financial losses that may arise from eventualities during your trip. Reliance General Insurance offers cost-effective family travel insurance policies that are light on the pocket and offer you and your loved ones comprehensive coverage. Our family travel insurance plan offers benefits like trip delay or cancellation, personal accident, loss of passport, personal liability coverage and much more.
If you are planning a solo trip, it is equally important to secure it with travel insurance. You can buy an individual travel insurance policy with us for a solo trip to safeguard your travel from unpleasant surprises and for holistic coverage.
With Reliance General Travel Insurance plans, you can travel worry-free and create evergreen memories. Wish you a happy journey!
Frequently Asked Questions
Does family travel insurance cover the whole family?
Yes. The coverage for family members depends on the policy's terms and conditions. Generally, a family travel insurance plan covers all individuals mentioned as a family while buying the policy.
Which immediate family members can I cover with family travel insurance?
While the specifics may differ across policies and insurers, you can generally cover your married spouse and children. For more precise details, you can get in touch with the customer care support of your insurer.
What is the meaning of family floater travel insurance?
A family floater travel insurance is an exclusive policy that covers all members enrolled in the plan. The coverage is shared by all members of the family and they are not required to buy separate travel insurance plans.