Travel Insured

MICE groups are increasingly becoming aware of the importance of insurance before they board a flight for a foreign destination for their meetings and conventions. MICEtalk spoke to Bajaj Allianz to find out what they can offer a business traveller. Vikramjeet Singh, Head-Travel Insurance, Bajaj Allianz General Insurance filled in the blanks...

Insurance for Loss of Checked Baggage

The Company will pay the Insured the sum assured with respect to the complete and permanent loss or destruction of the Insured’s Checked Baggage, save that the Company may, in its sole and absolute discretion, opt to reinstate or replace the Checked Baggage as an alternative to making payment to the Insured.

Conditions Apply

Upon discovering the loss of Checked Baggage, the Insured has to obtain a relevant property irregularity report from the Airline and submit the same to the Insurance Company/Claims Administrator in the event of a Claim. I. The Company’s liability to make payment shall

not arise until liability is admitted by the Airline. II. The company’s liability will be restricted to a maximum of 50 per cent of the sum assured per piece of baggage and 100 per cent of the sum insured for all pieces of checked in baggage put together. Any Claim for any item lost in respect of which the claim exceeds 6000/- (or other currency equivalent) must be supported by documentation evidencing the insured’s ownership of the same. In the absence of this, the maximum liability shall be restricted to 50 per cent of the cost of this item, subject to maximum

6000/III. In case of the same baggage being covered under any other insurance, this policy will contribute its rateable proportion. IV. The Company’s payment to the Insured will be reduced by any sum for which the Airline is liable to make payment. V. Self-carried baggage is excluded from the policy coverage VI. Partial destruction of baggage or missing of contents from the baggage is not covered under the policy.

VII. The Company shall be under no liability to make payment hereunder in respect of any Claim for valuables.

Insurance for Delay of Checked Baggage

The Company will pay the Insured the sum assured with respect of the Insured’s emergency purchase of toiletries, medication and clothing to replace those contained in Checked Baggage, the arrival of which is delayed by more than 12 hours beyond the time of the Insured’s arrival at the intended destination outside of India.

Conditions Apply

I. Delay of baggage when the intended destination is in India II. The Insured must obtain written non-delivery confirmation from the Airline along with the period of delay. This must be submitted in the event of a Claim. III. In case of more than one claim during the insured journey, the Company’s liability in all claim put together will be restricted to the original Sum Insured.

Insurance for Loss of Passport

In the event of the Insured’s loss of his passport, the Company will pay the Insured the Sum Assured towards expenses necessarily incurred by the Insured in obtaining a duplicate or fresh passport.

Conditions Apply

The Company shall be under no liability to make payment for: I. Loss or damage to the Insured’s passport as a result of confiscation or detention by customs, police or any other authority II. Loss which is not reported to the appropriate police authority within 24 hours of the discovery of the loss, III. Loss caused by the Insured’s failure to take reasonable steps to guard against the loss of passport.

Insurance against Hijack cover

For each 24 hour period the insured is detained by hijackers following hi-jacking of any aircraft in which the insured is traveling, the Company will pay the sum specified in the ‘cover’ subject to the maximum limit specified at the time of taking the cover.

Insurance against Trip Delay

If the aircraft on which the insured is booked to travel from India is delayed beyond 12 hours than the original scheduled departure time, the Company will pay the predetermined amount for every 12 hours delay in excess of 12 hours, subject to the maximum amount mentioned in the policy.

Conditions Apply

The company will not pay… I. For any departure which is delayed as a result

of the insured or any other person who have

Insurance as DailyAllowance for Hospitalisation

Following hospitalisation of the insured named in the Schedule of the policy due to an accident or illness covered under the policy, a daily allowance as specified in the schedule shall be paid by the Company under this policy. For this purpose, a day will be reckoned as continuous 24 hours.

Insurance in case of Accidental Death & Disability (Common Carrier)

The policy will pay the sum insured (predetermined) in addition to the sum insured specified under the personal accident section if the insured sustains accidental bodily injury during the course of the insured journey while travelling in a common carrier such as rail, bus, tram or aircraft and such bodily injury is within 12 months of the date upon which it was sustained the sole and direct cause of the Insured’s death or loss of two eyes and/or loss of two limbs or loss of one limb and one eye.

Insurance against Missed Connection

If the aircraft on which the insured is booked to travel from India is delayed beyond 12 hours than the original scheduled arrival time at the destination of the connecting flight resulting in the insured missing the connecting flight, the company will pay the predetermined sum towards missed connection. For a claim to be admissible under this section, it is a condition precedent to liability that the claim is admissible under Trip Delay.

Laptop Insurance

If the insured incurs a loss due to damage to or theft of his/her Laptop during the journey abroad and within the policy period, the Company will indemnify the insured the predetermined sum.

Conditions Apply

I. Insurance company will not play for any electrical or mechanical breakdown of the laptop II. For any loss of softwares or data in the laptop and any consequential loss III. For any loss as a result of any action taken by

customs department. Claim Settlement: The claim shall be settled at Market Value of the Laptop before the loss, which will be arrived at by depreciating the value by 25 per cent per annum. arranged to travel with failing to check-in correctly as required by the airlines II. For any delayed departure caused by strike or industrial action known to exist or was anticipated at the time the trip was booked III. If the aircraft is taken out of service on the instructions of the Civil Aviation Authority or similar authority