I have heard that hsbc premier gives a free travel insurance. What exactly does it cover and what the insured amount?
Yes they provide travel insurance air accident cover up to INR 1 crore. Medical emergency coverage. Lost baggage and trip delay compensation.
The eligibility for a HSBC premier card is to be a premier banking customer of the HSBC bank.
When you sign up or become eligible for the HSBC premier banking, there is an onboarding call and your relationship advisor will walk you through the travel insurance eligibility and will sign up for the same according to your passport details.
If your relationship advisor has not done the same, you could visit https://workplace.aviva.co.uk/hsbc/travel/travel-proof-of-insurance/ and sign up using details on your passport. Once you fill the form, you will get an email with the documents of your insurance policy.
If for some reason, your details on the passpost do not match to the details on your account or you do not get the email, you should get in touch with your relationship advisor.
The travel insurance provided on the hsbc premier account or credit card is great and comprehensive, however, it does come with some terms and conditions. One of them is the maximum duration of your trip can not exceed 31 days. So if you are looking at this to be your only option for the long duration trips and stays, then you might need to look for some alternatives…
True that, but how many of us, who are indian tax residents, going to frequent trips longer than 31 days? There might be some instances, where we can look for other insurance providers.
Yes, the HSBC Premier Credit Card includes complimentary travel insurance, and the benefits that you will get:
Coverage up to ₹1 crore for Air accident
Coverage for overseas medical emergencies.
Compensation for delays, cancellations, and missed connections for trip.
Insurance against lost luggage or passports.
Coverage for stolen or damaged items purchased with the card.
for a smooth claiming process of the travel insurance from your HSBC Credit Card, make sure to keep receipts, flight details, and supporting documents