Family Travel Insurance policy also known as Family Floater provides a comprehensive cover for entire family (Up to 4 Children) going abroad on business or holiday trip under single policy and one premium. Unlike an individual policy, Sum Assured (Coverage Amount) is shared by all the family members.
This is very economical & good choice for Parents (below 60 years) visiting abroad. Even Additional adult family member can be covered under this policy.
Some of the Travel Insurance Plans even provide coverage for burglary and/or robbery for your Indian home while you are away for your trip.
For all ages between 6 months – 60 years. Max age of the eldest family member allowed is 60 years. Individual Policy needs to be issued for persons over 60 years.
Covers trips from as short as 7 days to max of 182 days.
Various coverage options are offered in the range of US$ 10,000 to US$ 250,000. Coverage option for US$ 10,000 is only available for Asia Plans.
Only Single trip per policy period is covered.
Up to 4 children can be covered. Max Age of the child allowed is 21 years.
Pre-existing ailments and maternity are generally excluded. There are few companies which provide coverage in case of life-threatening situations i.e. until the insured's heath is stable.
There is a Deductible/Policy Excess of US$ 50-100 depending upon the plans. This implies for any claim the first US $50-100 are to be borne by the insured.
Coverage includes Dental Treatment, Medical Evacuation, Repatriation, Baggage Loss/Delay, Trip Cancellation and Interruption, etc.
No Medical check-up is required.
Policy can be renewed if there is no claim in the expiring policy.
One Premium for the entire family and is calculated based upon your destination, Coverage Amount, Age of the eldest member and duration of Trip.
General Physical Checkup, pre-existing conditions, Vision (Eye Test, Eye Glasses, and Contact Lens), Pregnancy and Prenatal Care is not covered by any of the Plan. Besides these, there could be other exclusions which are mentioned in the policy wordings.
In order to make a claim, you need to contact the Insurer or Third Party Administrator (TPA) of the Insurance Company, which has tie-ups with network hospitals worldwide. TPA information is provided in the Insurance policy.