Do you need travel Insurance for large groups?
Quite often groups travel overseas together. The groups could be traveling for varied reasons such as employees on training, groups of tourists holidaying, members of a missionary organisation, groups of students attending a sporting or academic event.
Since the regular domestic health insurance will usually not cover you outside your home country you can buy cheap Group travel insurance. International travel insurance is necessary since:
- A member can fall sick or get hurt.
- There may be a sudden need for emergency evacuation to a safer location or better medical facility
- Experience a loss of baggage or miss a flight during the travel
All of these situations can be expensive and logistically difficult when you are in a foreign country. It is important to have the support system provided by a reputed insurance plan. Group travel insurance plans are very affordable in the context of the overall international travel expense and should be purchased when traveling overseas.
Eligibility to enroll for a group travel policy
There should be a minimum of 5 travelers. Some policies require these to be five primary insured, so family groups only count as 1: mother, father, two kids = 1 primary insured.
Travelers may have different travel dates (start and end date of travel), but all policies for the group should be purchased at one time.
Advantages of group travel insurance vs individual travel insurance
Discounted rates: The group travel plans are cheaper when compared to individual travel insurance. There is usually a discount of about 10% or more in group travel policies when compared to individual travel insurance for the same destination.
Easier to manage: There is a common application form for all members of the group instead of individually filling application forms. There is a master policy for the whole group with individual ID cards for individual travelers.
Group travel insurance types
When you are traveling in a group of five or more, it is economical to buy Group travel insurance. Group travel plans are often more economical when compared to individual plans, they are also easier to manage as one common application is sufficient as opposed to individual insurance applications. The requirement for a group policy beyond having Five travelers is that all travellers have the same start and end date and that all travellers are eligible for the policy being purchased.
We work with several travel insurance providers and have experience in customising the insurance plan for your specific needs. Again since we work with many providers and given the volume of business we generate we can get very competitive prices for your group travel insurance.
Some of the common groups that we work with for whom group travel insurance plans are ideal are: