Travel insurance covers medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while travelling overseas. In India, until recently travel insurances were highly disregarded. The increasing trend of flight disappearances and flight accidents has lead to a higher demand for travel insurances lately. If you are to experience an unexpected medical emergency while abroad, travel insurance will help you deal with the hospitalization and its expenses. Travel insurance can be purchased at the time of booking. If you are a frequent traveler a ‘multi-trip’ policy can be obtained for unlimited number of trips within a set time frame.
Whether you are taking a family vacation or a business trip, insuring your travel with Shriram Travel Insurance will protect you from unforeseen financial strains.
Shriram General Insurance is a 74:26 Joint Venture between Shriram Capital Ltd. and Sanlam limited, a South African financial service provider. Shriram Group is an Indian corporation established in 1974. They have their head office in Chennai, Tamil Nadu. The focus of this insurance company is to address growing consumer needs, nurturing young talent and bringing an indigenous technology platform while serving to the under-served segments of the economy. True to its promise, today 90% of the company’s 10.2 million customer base, come under the purview of the under-served. The company offers products like motor insurance, business insurance, fire insurance, etc. It is a brand which holds the trust of its customers for well over 3 decades with its simple and affordable insurance plans. Shriram General Insurance has been awarded ‘Excellence in Growth’ by the India Insurance Awards for two consecutive terms in 2011 and 2012. It has a growth record of 40% CAGR in its last 7 years of operation.
Keeping up with the technological advancements Shriram General Insurance has introduced the online purchase feature. One can simply buy insurance in a hassle free manner from the comfort of your own home. You don’t have to wait at the insurance company office for purchase or renewal of policies. You can read the policy details online and decide a plan that suits your needs. On payment of the premium you can download your policy document in a matter of seconds. This online feature has made the lives of millions of policy holders simple. You can also initiate a claim and be updated of your claim status online. Renewal of existing policies can also be done online.
The following are the highlights of the policy which give it an edge over other private insurance providers in the industry.
The age group eligible for this policy is between 90 days old and 65 years old. The eligible duration of travel ranges from a minimum of 1 day to a maximum of 180 days.
The insurance company offers to cover losses and expenses sustained by the insured in the following scenarios.
Shriram Travel Insurance is specifically designed to suit the requirements of an individual undertaking overseas travel for holiday, leisure and / or business purposes. There are 3 plans for you to choose from this policy namely Shri Travel, Shri Travel Plus, Shri Travel Elite.
This is a basic plan under Shriram Travel Insurance Policy. It has two tiers of premium, one for countries excluding USA and Canada and the other for all countries. This plan has low rates of premium. The insurance coverage does not extend to the following
This plan includes a medical cover of US$ 100,000. This plan provides covers for a moderate premium. It extends its cover to Trip Cancellation and interruption, Travel Delay, bail bond and trip curtailment. Exclusions under this plan
This is the highest range of plan under the policy and the premium is comparatively higher. It offers the maximum medical cover of US$ 200,000. It has a wide coverage of facilities
General exclusions under the policy
The insurance company will not be liable to indemnify losses sustained by insured in the following circumstances.
Infants from the age of 3 months all the way to adults of the age 70 years are covered under the travel insurance policy. This plan covers those trips that are outside of India. The purpose of travel of any individual needs to be stated while taking the policy as this plan does not cover immigration or students traveling for education.
Royal Sundaram Travel Insurance plan does not cover an individual under these following headings -
Treatments related to pregnancy.
Mental disorder treatments.
If the purpose for traveling is for treatment.
Any travel that is undertaken against doctor’s advice.
Any treatment that could have been postponed till the policyholder returns to India.
The coverage of the plan will not be provided to the policyholder if his/her home in India is unoccupied for more than 90 days.
If the home is a building of Kutcha construction
The plan does not cover for the consumption of alcohol or drugs.
Any unlawful act.
For any disputes between family members, friends or traveling companions.
Disabilities that are caused due to contamination of radiation are not covered under this plan.
Any disability because of strokes, fits or convulsions.
Self injury or self harm is not covered under this plan.
Accidents that are caused through dangerous activities like rafting, gliding etc.
Any baggage that contains perishable goods are not covered under the plan.
Delay in trip due to custom officials.
The delay in baggage after the policyholder has arrived in India.
Travel documents are confiscated by custom officials from the policyholder.
Purchasing of travel insurance from Royal Sundaram General Insurance is one of the easiest online processes. An individual needs to follow a certain series of steps.
Anyone who wishes to get an online travel insurance first needs to visit the Royal Sundaram online website and click on the link that brings them to the travel insurance section of the website.
The details of an individual such as the name, contact etc need to be filled up. Other details such like trip details and the details travelers needs need to also be filled out. On this information, the premium for the travel insurance is calculated.
The quote ID will be created for the Travel Insurance online will be provided after the premium is calculated. Another page for additional information will pop-up after this step. This page asks for information such as the passport number, for illnesses of the passenger and the details of nominee etc.
The communication details and the address of the traveler needs to be provided to the insurance company. Once all the details are filled in, a page displaying all the information will be presented. This page is present in order for the traveler/policyholder to check if the filled in information is correct of not. Once the information is verified, the policyholder can proceed to buy the insurance.
You can make a claim by following this simple procedure:
Their efficient and trained claims management team will ensure hassle free and prompt claim settlement which gets you in control instantaneously. So next time you are travelling overseas make sure you insure your travel to tackle unforeseen circumstances that threaten your medical, legal and financial setup. Enjoy your overseas trips without worrying about coping with any unforeseen circumstances.