Where can I get the Best deal for International Group Travel Insurance in India?
January 22, 2009 · Print This Article
Paanchvi Paas asked:
I am a Operations Manager at a Travel Management Company in India. We regularly have groups travelling abroad for Meetings, Incentive Rewards Program, Conferences and Events. This sector being fiercely price driven has very low margins. While I was going through the cost sheet we found that the Travel Insurance we were buying was not giving us any discounts, though the group was a big as 120 members.
Is there a Company/Provider in India which provides Group rates for all group sizes from 20 to 1000? Please provide contacts of such a service provider. Would be of great help.
sexy vacation
I am a Operations Manager at a Travel Management Company in India. We regularly have groups travelling abroad for Meetings, Incentive Rewards Program, Conferences and Events. This sector being fiercely price driven has very low margins. While I was going through the cost sheet we found that the Travel Insurance we were buying was not giving us any discounts, though the group was a big as 120 members.
Is there a Company/Provider in India which provides Group rates for all group sizes from 20 to 1000? Please provide contacts of such a service provider. Would be of great help.
sexy vacation
If you are a group of more than 5 people and are looking for a low cost international travel insurance which provides you adequate coverage at the same time saves you more than 60% of the Average Cost, this is something which will interest you.
You may be a Cultural Group going abroad or an Incentive Group Travel Management Company taking a large group abroad. We guarantee you large savings.
Due to intense competition margins are dropping in the Group Travel Business. At the same time, you being a long term player do not want to compromise on quality of service at the cost of higher margins. So you book the best of the hotels and services for your group.
So how do you manage the margins???
How this works:
We are a consolidator and purchase bulk travel days for our large list of customers. This gives us a fantastic PER DAY rates. We stock these days with us.
Now, whenever you have a group, we sell these to you at per day costs.
Let us explain you with an example - and you would be floored.
Say you are travelling in a group of 100 people to Egypt for 4 nights - You need a Travel Insurance for say 5 days.
Now, the average cost of a normal individual travel insurance of $50000 coverage will cost you Rs. 600 per person.
For 100 people this works out to be Rs. 60000/-
In our scheme you actually pay only 100 X 5 X Rs. 40 = Rs. 20000!!!
So you get a whopping more than 60% of straight savings without compromising on quality and safety of your group members.
The policy has quite a comprehensive coverage on
Medical Insurance of $50000/$100 Deductible
Medical Repatriation & Evacuation $25000
Standard Coverages on
Personal Accident of $ 25000
Loss of Baggage and Personal Documents $300
Checked Baggage Loss $1000/single item $150
Baggage Delay $100/12 hours
Personal Liability $ 100000
To get more details on this exciting opportunity - you can email at with details of your company, group details and contact details.
there are alot of company those provide group travel insurance,please check the feature and crediblity of some company and select one according your requirement
I’m a broker and I find coverage for Fortune 500 companies and when the plan doesn’t exist I negotiate for the company to have the policy created. If you can deal in US dollars (which are cheap by the way) then I can help you out.
The best value I believe you will ind is TravelEx, you can get a free quote here..
The Royal Bank have a good travel insurance plan.