Overseas Travel Service Supplier Insolvency. We shall reimburse the below stated expenses up to a maximum of the Sum Insured as mentioned in the Policy Schedule / Certificate of Insurance incurred by the Insured Person in case of pre booked tour by paying an advance with an Overseas Travel Service Provider located at the intended destination(s), provided the Overseas Travel Service Provider turns insolvent and the Insured Person does not get intended service.
a. We will pay the reasonable cost of such rearrangement but not exceeding the cost that the Insured Person has already incurred for intended journey and should be for the same standard of transportation and accommodation as was originally booked by the Insured Person for intended journey.
b. In case of cancellation of journey because of non-rearrangement of scheduled journey, We shall be liable only up to the extent of non-refundable cost of unused travels for which the Insured has already paid, including agent’s fee for such cancellation but limited to the amount of commission the agent had earned on pre-paid refundable amount of cancelled travel arrangements.
c. Any additional expenses necessarily incurred on returning to Insured Person’s home including reasonable hotel accommodation and transport expenses Our maximum total and cumulative liability to make payment under this Benefit is only in excess of the Deductible as specified in Policy Schedule / Certificate of Insurance. A Deductible as mentioned in the Policy Schedule / Certificate of Insurance shall be separately applicable for each and every claim made under this Benefit.
Overseas Travel Service Supplier Insolvency. Claim Form – completed and signed by the Insured.
Overseas Travel Service Supplier Insolvency. In the event of insolvency of an Event Organizer where the Trip is booked through an Event Organizer and such Event is consequently cancelled or does not take place, the Company shall pay or reimburse the below stated expenses incurred by the Insured Person, up to the limit of Sum Insured specified against this Benefit in the Policy Certificate: following the below procedure in the event of any occurrence or event giving rise to a claim under this Policy: • Provide immediate notice of such loss to the applicable Indian/Country of Origin authority as also expeditiously give or arrange for the applicable Indian/ Country of Origin authority to be provided with any and all information and documentation in respect of the claim and/or the Company's liability for it that may be requested by the Company or by the applicable Indian/ Country of Origin authority. • Provide the written police report to the applicable Indian/ Country of Origin authority. • Furnish all documents specified in Section 9 (Claim Documentation) of the Policy.
