Flight Delay Insurance
Flight delay insurance is important when you are travelling. Travelling is fraught with uncertainty. Your plans can get derailed due to a number of reasons such as strikes, uncertain weather, and flights that can get delayed or cancelled preventing you from travelling. These delays are stressful and can prove expensive because of increased expenditure in food, accommodation or medication.Flight Delay Insurance is focused on compensating a traveller for financial losses that occur as a result of the flight delay. This can include cab rides, meals, and accommodation.
- Trip delay something which is outside the traveller’s control. Your insurance lists the perils of travel delays in its policy
- Flight delay insurance takes effect after you started your trip i.e. en route or on your return journey.
- Trip delay is not the same thing as trip cancellation.
- There are risks of running out of cover on a long delay.
Saving Insurance
Saving insurance is an insurance plan that combines the benefits of life insurance coverage and investments. You secure you and your family’s future and create a corpus to meet your financial goals. Most saving insurance schemes offer you a fixed amount after maturity when your policy ends. Saving insurance is a great way to start your saving habit and is a structured plan that requires you to commit for the maturity period. These insurance plans have lower risks than ULIP.
China Taiping has three saving insurance plans allows their policyholders to choose between a 3 year, 8 years, and yearly payment scheme.
Domestic helper insurance
Domestic helper insurance is compulsory for foreign domestic helpers. The policy covers any work-related accidents or medical care expenses. The insurance is meant to protect the help and their families with lump-sum compensation in case they are permanently disabled or death due to an accident. Most companies offer a 14 or 26-month plan with the option of add-ons at different price structures.Benefits of Domestic helper insurance
- It protects your domestic help against theft or damage to their personal belongings.
- Covers agency fees should a replacement be needed in case of death or disability.
- It provides repartition costs to your domestic help or their family members in the event of death or permanent disability.
- Covers their wages during hospitalization.
- Outpatient expenses may be covered.
- Provides indemnity in case of third party liability for any damage committed by your domestic help.
- It protects your family in the event of theft committed by your domestic help
China Taiping has a comprehensive domestic helper insurance policy. Offering 24/7 personal accident coverage, reparation expenses, hospital and surgical expenses, wage reimbursement and security bond.
