Article

Group Travel Insurance
September 14 , 2012

Traditionally group travel plans were popular with corporate who bought them for their executives on foreign travel. When you are travelling with a big group for a family reunion or to a hideout with friends, a group travel insurance policy will come in handy to take care of the unanticipated cares that can ruin your holiday plans.

Whether on a business trip executives' expenses on medical treatment, flight cancellations or lost baggage can cost the company a big deal. The global rise social and political unrest has increased the risk of travel and non-travel peril in foreign trips. Corporate group travel policies are the most economical means to deal with these risks. These policies can be bought for single trip or multiple trips in a year. Companies might be willing to offer customized policies for corporate.

Standard policies cover medical expenses, checked baggage loss, baggage delay, loss of passport, personal liability and trip delay and cancellation expenses. Some might go on to cover accidental death and permanent disablement; there are others that cover pre-existing diseases in life-threatening emergencies.

Group travel insurance can also be purchased in case of non-corporate groups. In case of groups travelling to the same destination abroad, purchasing group travel insurance would be the best choice. Apollo Munich offers group travel policy for non-corporate groups of 20 or more people. This is suitable for a group of students on a foreign study trip or college industrial visit to a foreign country, friends travelling to attend a function abroad or families on international holiday. However it is highly advisable to first compare policies to learn if it is beneficial to buy policies individually or as a group for each situation before going in for any.

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