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The following covers are usually available under travel
insurance though the combination may vary.
- Medical expenses with or without cashless facility (most
travel insurance products offer cashless facility)
- Personal accident
- Loss of baggage
- Delay in baggage arrival
- Loss of passport
- Travel delay
- Repatriation
- Transportation of dead body etc.
6. Group insurance
In group insurance, schemes are offered by insurance companies
to provide certain classes of individuals, the benefit of insurance
coverage at moderate cost.
Groups consist of persons who assemble together with a
commonality of purpose or engaging in a common activity.
Examples of groups are employees of an organization,
depositors, account holders or borrowers of a bank, members of
a particular community, members of a professional group or
association etc.
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