Things to Know About Buying Family Travel Insurance

We all want adventures in life, especially the ones that are set in an exotic foreign location. But unfortunately, not all adventures are fun, and some can involve losing your baggage, undergoing a medical emergency, or the cancellation of tickets. This is where family travel insurance steps in. It provides a cover to make sure that such incidents don’t come in the way of your experience. It is crucial that you invest in a policy before embarking on your vacation. In fact, most countries don’t issue a visa without valid travel insurance in place.Family travel insurance is an insurance cover for the entire family travelling together to a foreign country. At times, it is also referred to as a family floater plan, wherein a single premium needs to be paid to insure the entire family.

1. Loss of passport or visa
2. Missed, delayed, or cancelled flights
3. Loss of baggage
4. Cancellation or extension of the hotel stay
5. Medical emergencies resulting in hospitalization or evacuation

There are many more situations that can be discussed with your insurance company and added to your plan.

You can buy an insurance policy by researching an insurance aggregator website or reaching out to an insurance company. Airlines also provide travel insurance as an add-on while booking flight tickets.

These are a few things that you can do to be completely sure of your plan.

1. Compare: Once you have narrowed down a couple of travel policies, compare them in detail. Check the added benefits and premiums. Your insurance plan should also be offered by a recognized provider that is accepted by visa authorities.
2. List your requirements: Narrow down on the details of the trip that you want to be covered under the plan. Consider the number of travelers, their age, any pre-existing ailments, the activities you shall be embarking on during your travels and any other relevant details. Make sure that your policy covers your requirements.
3. Understand the exclusions: Pay special attention to the list of things that are excluded. It may be possible that your policy might not cover missed flights or cashless hospitalization. If you want to add such details to your plan, you may have to pay a little more towards your premium.

Family travel insurance is the most important document that guarantees your mental peace during foreign travels. However, before you invest in a family travel plan, read through the terms and conditions to understand the features and stipulations. It is important that the plan suits your purpose and is not just another thing to tick off your visa checklist.

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.