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What is a Comprehensive Family Travel Insurance Policy?

By Finserv MARKETS - Jul 29,2019
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Family Travel Insurance.


Family vacations are meant to take away the stress and worries of everyday life and to create memories of a lifetime. As you pack your bags, you don’t want to be constantly worried about all the things that could go wrong during your trip, do you? This is where a comprehensive family travel insurance plan comes to your rescue. A comprehensive family travel policy covers the entire family, instead of just one individual for the sum insured during the course of travel and only one premium has to be paid for such a policy are now planning more and more international vacations.

In addition, 20% of Indians book their vacations online, a big shift from the traditional travel agents, and this number is only growing. It has also been claimed that travelers spend quality time planning the vacations and try to include unconventional experiences and activities; browsing across over 30 websites before making a decision.

With cookie-cutter itineraries becoming a thing of the past, never before has it been more important to make provision for all the possible emergencies and expenses that may arise.

A comprehensive plan safeguards you and your family from possible risks and uncertainties that may occur during your travel period at an international destination. A comprehensive family travel policy covers your entire family for all medical eventualities for just a fraction of the amount you would otherwise incur.

Why opt for a Comprehensive Family Travel Insurance for a family vacation?

Purchasing an individual policy for each member of the family can be prohibitive in terms of cost, the time and effort you’ll spend sourcing the cover. Choosing a family travel policy ensures that the entire family is covered for medical emergencies abroad and provides floater benefit to individual family members. The policy usually covers self & spouse up to 60 years of age and two kids below the age of 21 years.

When should I take out family travel insurance?

We’d suggest you take a family travel policy as soon as you’ve booked your holiday for the plan to able to compensate you, should you choose to cancel your trip.

What all is covered?

A great family insurance deal can offer protection for:

1.Trip Cancellation

The Bajaj Allianz family travel insurance policy available on Finserv MARKETS reimburses you for pre-paid, non-refundable expenses should you cancel your trip before departure.

2.Emergency Medical Expenses and Hospitalization

This involves travel insurance coverage for medical facilities across the spectrum of day care procedures to a daily allowance for hospitalization.

3.Trip Delay per 12 Hours

If your flight is delayed, the trip delay coverage under the policy comes to your rescue by providing reimbursement for the ancillary expenses like an extra night in a hotel or a meal.

4.Home Burglary Coverage

You don’t have to worry about your home getting burgled while you’re away as such incidents are also covered under the policy up to Rs 3,00,000.

5.Medical Evacuation and Repatriation

The policy includes provision for transport facilities to the nearest hospital or transport to the country of residence in the event of medical exigency. Dental treatments up to $500 are also covered under this policy.

6.Baggage Coverage/Loss of Passport

This includes reimbursement if your luggage is lost, stolen or damaged; and money to buy essential items until delayed bags arrive which can be a toiletry kit or a change of clothes, and funds to procure a duplicate passport.

7.Emergency Cash Advance

Many travel insurance policies offer assistance in facilitating the provision of emergency cash to be insured during incidents like theft/burglary/hold-ups.

8.Coverage against Eventualities

If extraordinary circumstances occur, this policy still has you covered. Whether the aircraft is detained by hijackers, or if an unfortunate death occurs, the policy will cover for such eventualities too.

In order to file a claim against a family travel insurance policy, you just need to call the helpline number provided by your insurance company to notify your losses and to understand the coverage and the travel insurance claim process. Take note of all documentation required, get it all together to be authorized and emailed for seeking claims. Once surveyor’s assessment is done, due process will take place.


A family travel insurance is quickly becoming a checklist item for your vacation plans; whether it is a peaceful beachside stroll or a hiking trek, the insurance serves you alike. With a vast array of plans to choose from at Finserv MARKETS, you can now rest easy and travel carefree.

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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522