Flight Accident Insurance Coverage: All You Need to Know

Flight Accident Insurance Coverage

A flight accident insurance policy covers the following events:

• Accidental Death: If the insured passenger dies, the nominee or beneficiary receives a lump sum amount as compensation.
• Medical Expenses: If the passenger gets injured or has a medical emergency while travelling, the flight insurance policy will cover medical expenses, including hospitalisation and surgery.
• Disability: A flight accident insurance policy will also offer financial cover for temporary or permanent disability sustained by the passenger while travelling.

Flight Accident Insurance Coverage: Commonly Asked Questions

1. What is the insurance payout given for a plane crash in India?

   As per the Montreal Convention 1999, an airline is liable to offer financial compensation for injuries or the death of the passenger while travelling on international flights. This compensation is paid per passenger through Special Drawing Rights (SDR), a supplementary international reserve asset and decided case by case.

2. Does travel insurance cover a plane crash?

   Yes. Many travel insurance providers offer coverage for a plane crash (Accidental death/disability). They offer financial compensation to survivors, helping them cover medical expenses, rehabilitation, and loss of wages. In the case of death, the next of kin receives compensation from the airline.

3. How much does flight insurance cost?

   A flight insurance premium varies based to several factors, such as trip duration, destination, and the insured's medical history. Visit your insurance provider's website and use the premium calculator to know your flight insurance cost.

4. Can you claim compensation for a plane crash?

   Yes, legal heirs of plane crash victims can submit a claim for financial compensation. The airline will process the claim after verifying essential documents, such as the death certificate, air ticket proof, and a court-issued legal heir certificate.

5. What is flight accident insurance?

   Flight accident insurance is usually offered as part of travel insurance. This insurance policy covers several air travel risks, including medical expenses, disability, and death. For example, if you get injured at the airport while waiting to board your flight, your flight accident insurance will cover the medical expenses.

6. What will flight insurance cover?

   A typical flight insurance policy provides financial protection to passengers from flight-related risks. Some common travel risks, such as injuries sustained while travelling, flight cancellations flight accidents, flight-hijacking, etc. are covered under a flight insurance policy.

7. How much does an airline pay for death in India per person?

   The compensation offered to air crash victims in India is governed by the Montreal Convention 1999. This payout is made in SDRs or Special Drawing Rights.

8. Who pays for a plane crash?

   For international flights, the airline is liable to pay compensation to the passengers or their next of kin as per the regulations of the Montreal Convention 1999 (MC99). Domestic airlines in India offer financial compensation in accordance with the Directorate General of Civil Aviation (DGCA) guidelines.

9. Do airlines have plane insurance?

   Yes. Commercial airlines often invest in comprehensive aviation insurance. With this insurance, airlines can get protection for crew personal accident cover, cargo liability, hull insurance, and passenger liability.

10. Does flight insurance cover death?

    Yes, flight accident insurance coverage provides financial protection to the policyholder in the event of flight-related accidents. In the event of death, the beneficiary will receive a lump-sum payment from the insurance provider.

11. Does flight insurance provide coverage for missed flights?

    Certain flight insurance policies provide reimbursement coverage for missed flights. However, coverage depends on the policy terms. A few common reasons for missing a flight are unexpected events, such as road accidents, strikes, vehicle breakdowns, and delays to connecting flights.

12. How do I get flight insurance?

    There are many travel insurance providers who offer flight insurance in India. In most cases, flight insurance is typically covered under comprehensive travel insurance plans.

13. How do I claim my flight insurance?

    Get in touch with the insurer and submit the documents to place a claim. Once verified and processed, you will receive the claim. You can also reach out to Policybazaar team if you have purchased your plan from here.

14. What happens if someone loses their life in a plane crash?

    When someone dies to a plane crash, a lump-sum compensation is paid to their beneficiary. The liability of this payout is borne by the insurance company and the airline. For example, the beneficiary may receive a lump sum compensation of INR 10 lakhs to INR 15 lakhs if the sum assured is INR 1,50,000.