Travel Insurance
Travel Insurance
Travelling involves
adventure and exploration as you explore new places. It also involves a break
from daily life and a change of pace whether you travel for leisure or for
business. Though travelling is fun, it is fraught with uncertainties. You can
face different types of contingencies when you travel. When such contingencies
occur, they not only cause inconvenience and emotional trauma, they also incur
financial losses. These financial losses can be taken care of by a travel
insurance policy. The policy covers the different types of travel-related
contingencies which you might face on your trip and compensates you for the
loss that you suffer.
Overview
of ICICI Lombard travel insurance
ICICI Lombard General
Insurance Company is a reputed name in the general insurance industry. The
company offers different types of general insurance policies and travel
insurance is also a product category offered by the company. ICICI Lombard
travel insurance plans cover international trips taken for business or leisure.
The policies provide an exhaustive scope of coverage, both inbuilt as well as
optional, which make your trips financially secured against possible
contingencies. You can choose a policy as per your coverage needs and also
cover all family members travelling with you.
Why
choose ICICI Lombard travel insurance?
ICICI Lombard travel
insurance plans have the following features and benefits which make them a good
fit for your travel insurance needs.
1. ICICI Lombard travel
insurance policies provide you with the benefit of cashless hospitalisation
anywhere in the world. This allows you to take convenient medical assistance in
case of injuries or illnesses suffered during your trip
2. Different types of
policies have been designed for different travelling needs ensuring that you
find the most suitable policy for your trip
3. Coverage is allowed
up to USD 500,000 under ICICI Lombard travel insurance which is an optimal
coverage level for expected financial contingencies
4. No pre-entrance
health check-ups are required until 85 years of age to buy ICICI Lombard travel
insurance plans
5. You can also extend
your policy if your travel gets extended due to unavoidable reasons
Types
of ICICI Lombard travel insurance plans
The list of travel
insurance policies offered by ICICI Lombard and their features and coverage
benefits are discussed below –
1.
ICICI Lombard International Travel Insurance Plan
This travel insurance
plan covers international trips taken anywhere in the world. You can buy this
policy for Schengen travel, for travelling to any country except the USA and
Canada and also for travelling worldwide including USA and Canada. The salient
features of the policy are as follows –
a. The plan has an
extensive scope of coverage where almost all possible types of financial
contingencies are covered
b. There are three plan
variants which are Silver, Gold and Platinum. The sum insured and the coverage
features depend on the plan variant that you choose
c. There are a range of
value-added services which you can avail if you have dependents in India when
you travel
d. You can pay the
premium on a per-day coverage basis if your trip duration is for more than 7
days
e. You can avail
coverage for up to 360 days in a year as the policy allows you to extend an
existing coverage by up to 180 days
Coverage
benefits of ICICI Lombard International Travel Insurance Plan
The International
Travel Insurance plan covers the following types of contingencies –
a. Cost of medical
treatments and evacuation
b. Repatriation of
mortal remains
c. Daily allowance
benefit per day of hospitalisation if you are hospitalised for more than two
days
d. Cost of dental
treatments incurred due to an injury
e. Coverage against
accidental death and permanent total or partial disablement
f. Personal liability
cover if you cause any harm or damage to another individual
g. Coverage against
accidental death when travelling in a common carrier
h. Complete loss of
checked-in-baggage
i. Cost of evacuation
due to political risks and catastrophes
j. Coverage for
compassionate visit by your family member if you are hospitalised for more than
5 days
k. Delay in receiving
the checked-in-baggage by more than 6 hours
l. Loss of passport
m. Trip cancellation or
interruption due to unavoidable reasons
n. Delay of your trip
o. Bounced booking costs
p. Emergency cash advance
if you lose your travel funds
q. Emergency extension
of hotel stay due to delay of trip because of unavoidable causes
r. Loss of baggage and
personal belongings
s. Missed flight
connections
t. Allowance payable in
case of hijack of the travelling vessel for more than 12 hours
u. Return airfare cost
of an unaccompanied minor
v. Cost of home
insurance for protection of home against fire, burglary and other natural
calamities in case of your absence
Eligibility
conditions of ICICI Lombard International Travel Insurance Plan
|
Entry
age |
3
months to 70 years |
|
Sum
assured |
USD
50,000 to USD 500,000 |
|
Coverage
duration |
Up
to 180 days + extension allowed for up to 180 days |
2.
ICICI Lombard Senior Citizen Travel Insurance Plan
This travel insurance
policy is designed specifically for older individuals who are going on a trip.
Individuals aged 71 years onwards can be covered under the policy. The features
of the plan are as follows –
a.
Sum
insured of up to USD 50,000 can be availed by senior citizens
b.
The
policy would also cover senior citizen spouse travelling together with the
proposer
c.
Coverage
is available for the entire trip duration
Coverage
benefits of ICICI Lombard Senior Citizen Travel Insurance Plan
The Senior Citizen
policy covers the following contingencies suffered when on an international
trip –
a. Medical treatments
and medical evacuation
b. Repatriation of
remains if the insured dies on the trip
c. Total loss or delay
of checked-in-baggage
d. Cost incurred due to
loss of passport
e. Personal liability
cover for causing harm to any individual or causing property damage while on
the trip
f. Personal accident
cover against accidental death and permanent disability
g. Hijack distress
allowance if the transportation vessel is hijacked and the hijack continues for
more than 12 hours. The allowance is paid as a daily benefit for up to seven
days
h. Emergency cash
advance if you lose your wallet or money when travelling
i. Cancellation or
interruption of the trip
j. Missed flight connection
k. Delay of the trip
l. Evacuation to your
residence country due to political instability or catastrophe
Eligibility
conditions of ICICI Lombard Senior Citizen Travel Insurance Plan
|
Entry
age |
71
years to 85 years |
|
Sum
insured |
USD
25,000 to USD 50,000 |
|
Policy
duration |
Up
to 180 days + extendable by another 180 days |
3.
ICICI Lombard Gold Multi-Trip Plan
This is an annual
international travel insurance policy which covers multiple trips taken within
the year. You can take innumerable trips in a year and coverage would be
allowed for each trip. This policy is suitable for frequent travellers and
businessmen who travel frequently for work related purposes. Multi-trip
policies prove more convenient than buying individual single trip policies for
frequent travels and they are cheaper too. Let’s understand the main features
of Gold Multi-trip Plan offered by ICICI Lombard for frequent travellers –
a.
Sum
insured of up to USD 500,000 is available under the policy
b.
There
are three options to choose from where the options allow 30 days, 45 days and
60 days as the maximum trip duration per trip
c.
The
scope of coverage is optimal and the plan also allows individuals to opt for a
desired coverage level
Coverage
benefits of ICICI Lombard Gold Multi-Trip Plan
The Gold Multi-Trip
Plan provides coverage for the following –
a. Cashless medical
treatments and evacuation
b. Repatriation of
mortal remains if the insured dies while on the trip
c. Dental treatments
undertaken due to an injury
d. Delay or loss of
checked-in-baggage
e. Personal legal
liability faced when a third party is physically injured or when a property belonging
to another individual is damaged by you
f. Loss of your passport
g. Coverage against
accidental death and permanent total and partial disability
h. A daily allowance
payable in case of hijack of the mode of transport which you use. This
allowance is payable if the hijack continues beyond 12 hours. Moreover, the
allowance would be paid for up to a period of 7 days
i. Emergency cash
advance in case you lose your travel funds
j. Interruption of an
ongoing trip or cancellation of the trip altogether
k. Missed flight connection
l. Evacuation due to any
type of catastrophe or political risk
m. Coverage against
accidental death suffered when travelling in a common carrier
Eligibility
conditions of ICICI Lombard Gold Multi-Trip Plan
|
Sum
insured |
USD
100,000, USD 250,000 and USD 500,000 |
|
Trip
duration |
One
year Maximum
coverage for each trip – 30 days, 45 days or 60 days as selected by the
insured |
4.
ICICI Lombard Asia Travel Insurance Plan
This is a continent
specific policy which covers trips taken within Asia itself like Thailand,
China, UAE, etc. The salient features of the plan are as follows –
a. Countries covered
under the policy include Pakistan, Bangladesh, Nepal, Bhutan, Sri Lanka, Thailand,
Korea, Philippines, Saudi Arabia, etc.
b. The scope of coverage
allowed by the plan is comprehensive
c. You can also include
your family members under the scope of coverage of the policy
Coverage
benefits of ICICI Lombard Asia Travel Insurance Plan
Coverage under Asia
Plan includes the following features –
a.
Coverage
for cashless medical treatments including medical evacuation if required
b.
Repatriation
of mortal remains if the insured dies while on the trip
c.
Cost
of dental treatments which are undertaken due to an injury
d.
Complete
loss of the checked-in-baggage
e.
Delay
of the checked-in-baggage by more than 6 hours
f.
Loss
of passport
g.
Personal
liability incurred when an individual is physically hurt or when an
individual’s property is damaged by you
h.
Accidental
death or permanent partial or total disability suffered
i.
Hijack
distress allowance payable per day of hijack for a maximum of 7 days
j.
Emergency
cash advance if you lose your cash
k.
Costs
incurred on trip cancellation or interruption
l.
Missed
flight connection
m. Costs incurred on
delay of your trip
n.
Cost
of evacuation done due to political risks of catastrophic events
o.
Coverage
against accidental death suffered when travelling in a common carrier
Eligibility
conditions of ICICI Lombard Asia Travel Insurance Plan
|
Sum
insured |
USD
25,000 |
|
Coverage
duration |
180
days + extendable for another 180 days |
Exclusions
under ICICI Lombard travel insurance plans
Though ICICI Lombard
travel insurance plans provide a comprehensive scope of coverage for medical
and non-medical contingencies, there are many instances which are not covered
under the plans. These instances are called policy exclusions and some common cases
of exclusions under all types of ICICI Lombard travel insurance plans are as
follows –
a.
Any
illness, diseases, injury or death suffered due to a pre-existing illness would
not be covered under ICICI Lombard travel insurance plans
b.
Accidents
suffered due to participation in hazardous activities or adventure sports are
not covered
c.
Claims
occurring either before the trip has started or after the trip has been
completed would not be covered
d.
Fraudulent
claims are not covered
e.
Accidents
suffered due to suicide, self-inflicted injuries, acts of criminal nature, etc.
are not covered under the plan
f.
Illnesses
or accidents suffered due to war, nuclear perils and war like situations would
not be covered
g.
If
you have an immigration visa, claims occurring after 90 days from the policy
start date would not be covered even if you have opted for a longer coverage
duration
h.
Travelling
against medical advice is not covered
i.
Travelling
only for the purpose of availing medical treatments would not be covered
j.
Pregnancy,
child birth and relevant costs would not be covered under ICICI Lombard travel
insurance plans
How
to apply for ICICI Lombard travel insurance?
You can buy ICICI
Lombard travel insurance through one of the following ways –
1.
By
visiting the nearest branch of ICICI Lombard
2.
By
contacting an ICICI Lombard general insurance agent
3.
Online
through the website of ICICI Lombard
The
first two modes of buying an ICICI Lombard travel insurance plan are offline
modes which require you to apply for the policy physically. If, however, you
want to buy the policy instantly without hassles, the online mode is more
suitable. You just have to select the type of travel insurance policy that you
need, fill in the travel details, calculate the premium, pay the premium online
and the policy would be issued instantly without any fuss. To buy, visithttps://www.icicilombard.com/travel-insurance,
choose the type of policy needed and proceed to provide your trip details.
Documents
required for buying ICICI Lombard travel insurance plans
To buy ICICI Lombard
travel insurance the following documents would be needed –
1.
Proposal
form
2.
Identity
proof of all the members who are being insured under the policy
3.
Age
proof of all the members who are being insured under the policy
4.
Confirmed
travel tickets
5.
Tour
visa
6.
Any
other documents if needed by the insurance company
How
to renew ICICI Lombard travel insurance plan?
If you want to renew
your ICICI Lombard travel insurance policy you would have to request the
company for such renewal. Submit your request in writing and the company would
allow you to renew the policy. You would have to pay the renewal premium for
renewing your coverage. Moreover, at the time of renewals, you can change the
sum insured if you like and the renewal premium would be calculated
accordingly.
How
to make a claim under the ICICI Lombard travel insurance plan?
In case of a claim,
the policyholder should follow the below-mentioned claim process for the
settlement of claims –
1.
The
Assistance Service Provider of the insurance company should be informed of the
claim immediately. The provider, then, guide the policyholder with the next
steps in the claim settlement procedure
2.
A
claim form should be filled and submitted to the Assistance Service Provider of
the insurance company stating the details of the claim
3.
All
the relevant documents should also be submitted to the ASP so that the claim
can be processed
4.
The
claim would, then, be assessed by the ASP of ICICI Lombard and settled at the
earliest
Documents
required for making a claim
To make a valid claim
under your ICICI Lombard travel insurance policy, the following documents would
be required –
a.
Policy
document
b.
Medical
reports, doctor’s reports, hospital bills, etc. in case of medical claims
c.
Police
report in case of liability and accident claims
d.
Proof
of loss suffered
e.
Any
other document as required by the insurance company
FAQ’s
What is the meaning of medical evacuation?
Medical evacuation
means bringing you back from your travelling destination to your home country
for medical treatments following an illness or injury suffered on the trip.
If I avail dental treatments, would the cost of such
treatments be covered?
Yes, dental treatments are covered under most travel
insurance policies offered by ICICI Lombard. However, such treatments should be
availed only because of suffering an injury. Self-elected treatments which are
cosmetic in nature would not be covered under travel insurance plans.
Do travel insurance plans have deductibles? What do
they mean?
Yes, travel insurance policies have deductibles under most
coverage features. Deductibles mean the limit of claim which is not paid by the
insurance company. If there is a deductible, claims exceeding the deductible
limit would be paid by ICICI Lombard. The deductible limit can be mentioned as
a period of time or as an absolute amount. If it is depicted as a period of
time, it means that if the contingency continues beyond the deductible time
frame, coverage would be provided. For instance, for baggage delay a deductible
of 6 hours is applicable. This means that the baggage delay would be covered
only if the delay exceeds 6 hours. In case of absolute deductible amounts,
however, claims exceeding the deductible are paid. So, if the deductible limit
is USD 1000 and the claim is USD 2000, ICICI Lombard would pay only USD 1000
while the deductible of USD 1000 would be paid by you.
Do travel insurance plans have any maturity benefit?
No, travel insurance plans have no
maturity benefit. If the policy matures, nothing is payable to the policyholder.
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