A trip effects coverage is beneficial for travellers, those who make multiple business trips, or study tours and others, as it offers coverage against several risks like flight cancellations, theft or lost luggage. While you may not be able to prevent such unforeseen circumstances, with the help of this coverage you can prevent financial losses.
With a Personal Trip Effects Coverage by Bajaj Finserv, get coverage against accidental damage or theft of luggage, loss of money/cheque, and additional losses incurred while replacing the lost passport during the trip.
Personal Trip Effects Coverage offers financial protection up to Rs. 1.15 lakh at just Rs. 349 per annum. Make the payment from any of your preferred online payment modes.
Here’s what’s covered under this plan:
• Personal items
Get coverage against loss, theft or accidental damage caused to your personal luggage, personal effects and personal papers.
• Monetary loss
The plan offers coverage against loss or theft of your money and cheque(s).
• Additional losses
You can get coverage against expenses incurred for additional travel and accommodation, which are necessary, in case you are in process of getting a replacement of your lost or stolen passport while travelling abroad.
Here are some of the exclusions under the plan:
Damages caused to third party and any of their liabilities
No additional losses or damages incurred will be covered, other than the money you withdrew from your account.
Damages and/or liabilities that happened before or after the covered robbery period
The plan will not cover the charges for emergency first aid for any person who is not covered under the plan
Here are the terms and conditions of the plan:
The coverage of your trip under this plan begins when you leave your place of residence to commence the trip and shall terminate with whichever of the following occurs first:
a) Time taken to return to your place of residence on completion of your trip; or
b) Expiry of policy
In any event, the coverage will not begin 24 hours prior to the booked departure time and will cease to exist only after 24 hours from the actual time of your return.
With respect to a one-way trip, the coverage will terminate with whichever of the following occurs first:
a) Time taken to arrive at the destination; or
b) Expiry of the policy
Items left in an unattended motor vehicle
The luggage, money, and personal papers left in an unattended motor vehicle (fitted with an alarm) will be covered, if the items are in the car trunk at the time of theft.
Reimbursement for covered itemm
The reimbursement amount is limited to the maximum sum insured under as replacement cost of the covered item.
Here are the steps to apply for the plan:
To raise a claim, you can reach out to the insurer in the following ways:
For theft claims, you need to report the incident to an appropriate police authority within 6 hours of discovery.
For loss or damage claims, you need to report the incident to an appropriate authority within 6 hours of discovery and get an official report (and specifically for claims arising against or on common carriers and in hotels)
Here are the documents required for processing the claim:
• Duly filled and signed claim form
• Police report
• Incident report (description of items lost and details of loss)
• Vouchers in support of replaced luggage
• Vouchers in support of reasonable additional travel and accommodation expenses incurred, necessary for getting a replacement of lost/stolen passport while abroad.
• Any other document requirement stated by claim examiner
Returning the claims form
The claim form and accompanying documents must be returned to us within 3 days of making the original claim.
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