“Hello Lawyer, Because I plan to travel to Phu Quoc island, I contacted travel companies to get advice on tour prices and travel policies at those travel agencies. The travel company asked me to buy domestic travel insurance. So what is domestic travel insurance? I hope a lawyer can answer it for me. I sincerely thank you.” Thank you for sending us your question. It’s not just health insurance that many people know and participate in; Today, there is a type of insurance that is receiving a lot of attention from the traveling community that is domestic and foreign travel insurance. To be able to learn about the issue, today, LSX Lawfirm will give you an article about “What is travel insurance in Vietnam?“, as follows:
Legal grounds
Law on Insurance Business 2000 as amended; supplement 2010
What is insurance?
Insurance is a guarantee by contract; accordingly, the insurer will only pay or compensate materially when an event occurs as agreed by the parties; or as prescribed by law on the basis of the premium paid by the insured. The payment or indemnification is represented by a contract between the insurance organization; and the insurer.
Insurance acts as a method of setting up a monetary fund (insurance fund); to compensate for damage caused by risks (natural disasters, accidents, etc.); or due to events related to human life (death events, illness…).
Types of current insurance in Vietnam
Insurance is divided into 3 main types:
– Life insurance includes the following types of insurance: Life insurance; Term life insurance; Term insurance; Mixed insurance; Periodic payment insurance; Investment-linked insurance; Pension insurance.
– Non-life insurance includes Property insurance and damage insurance; Insurance of goods transported by road, sea, inland waterway, railway, and air; Aviation insurance; Motor vehicle insurance; Fire insurance; Hull insurance and shipowner’s civil liability; Liability insurance; Insurance for credit and financial risks; Business Loss Insurance; Agricultural insurance.
– Health insurance includes: Personal accident insurance; Health Insurance;
In there:
- Life Insurance: A type of insurance that covers the life or death of the insured.
- Term life insurance: An insurance service in which the insured lives up to a certain period of time, whereby the insurer must pay the insurance premiums to the beneficiaries if the insured still lives to the end of his life. the term agreed in the insurance contract.
- Term life insurance: An insurance service for the death of the insured within a certain period, whereby the insurer must pay the insurance premiums to the beneficiary if the insured dies within the specified period. agreed in the insurance contract.
- Mixed insurance: An insurance business that combines term insurance and term insurance.
- Whole life insurance: An insurance business that covers the death of the insured at any time during his or her life.
- Periodic payment insurance: An insurance business in case the insured lives up to a certain term; After that time limit, the insurance enterprise must periodically pay insurance premiums to the beneficiaries as agreed in the insurance contract.
- Non-life insurance: A type of property insurance, civil liability, and other insurance operations that are not part of life insurance.
- Retirement insurance: An insurance service in case the insured reaches the specified age and the insurance enterprise pays the insurance premiums as agreed in the insurance contract.
- Health insurance: A type of insurance for the insured person’s injury, accident, illness, disease, or health care paid for by the insurer as agreed in the insurance contract. dangerous.
What is domestic travel insurance?
Domestic travel insurance, also known as domestic travel insurance; is a form of health insurance. In the event that when traveling in your country, you accidentally die due to an accident, illness, permanent disability, incident, or expenses incurred during the trip, the domestic travel insurance will cover the person who is traveling abroad. insured.
Normally, when customers go on tour, most of the price of the tour from the travel company is included with travel insurance for each customer. Depending on the regulations and the nature of the tour, there will be different domestic travel insurance rates, thereby leading to different compensation levels for accidents.
Subjects participating in domestic travel insurance are Vietnamese citizens, usually aged from 6 weeks to 85 years old traveling within the territory of Vietnam with forms such as hotel stay, swimming, and sightseeing. , vacation, mountain climbing, etc. Those who travel adventure or participate in professional competitions such as adventure climbing, windsurfing, boxing, etc., will often have to buy an additional package to expand the range. Insurance pays when there is a risk.
Note: Regarding the age, depending on the insurance companies, there will be separate regulations then.
Example: Bao Minh Insurance Company stipulates Subjects covered by travel insurance:
– Firstly, Low age click to register for travel insurance: 12 months old
– Secondly, The highest age for men to apply for travel insurance: is 80 years old
– Thirdly, The highest age for women to apply for travel insurance: is 75 years old
Why should we pay domestic travel insurance?
Why should we pay domestic travel insurance? No one knows what will happen in the future; problems and risks may arise at any time even though there are preventive measures such as flight delays; loss of personal papers, illness, accident, etc., especially when you are in a foreign country. When you buy travel insurance, you will enjoy the following benefits:
- Protect your family and yourself against risks: There are many risks that occur during travel; and work in other countries such as sickness, disease, accident, etc. Travel insurance will cover the cost; support to fix the problem in the best way for you.
- Handle problems that arise at the airport: Your flight may be delayed, or canceled by weather influences, or flight schedule. In this case, travel insurance will help you solve the problem quickly.
- Handling paperwork problems: Many customers lost their passports or visas; important personal documents while abroad, travel insurance will cover costs such as applying for a new passport or travel document; hotel expenses in the process of applying for documents,…
- Emergency support: In case of emergency such as emergency, medical transportation, etc., travel insurance will call for means of transportation such as an ambulance, or plane, … to ensure customers’ safety.
With the above benefits, considering buying travel insurance is a way to help you travel with peace of mind against unforeseen risks then.
How much does domestic travel insurance cost?
So How much does domestic travel insurance cost? There is currently no specific regulation on how much it costs to pay for domestic travel insurance; the cost of domestic travel insurance will depend on which insurance company you buy domestic travel insurance at; and depending on the needs, purposes, and interests of customers, there will be different prices then.
Currently, the domestic travel insurance premium ranges from 1,500 VND/person/day to 4,500 VND/person/day. For international tourists, it will be 1.5-2 USD/person/day then. In addition, this fee depends on the destination, time as well as additional requirements of the customer and insurance surcharge.
The coverage of domestic travel insurance when you have an accident?
Currently, there is no specific regulation on the coverage of domestic travel insurance when you have an accident; the payment of domestic travel insurance when you have an accident; depends on what type of travel insurance you buy and how much it covers; that you agree to when signing a contract to buy domestic travel insurance at an insurance company.
Example: Domestic travel insurance policy of Bao Minh Insurance company:
| 1. Product name | Domestic tourist insurance |
| 2. Operation code | IL |
| 3. Subject of insurance | Human |
| 4. Insured person | People who go on vacation, swim, climb mountains or stay at hotels and guest houses within the territory of Vietnam |
| 5. Coverage | – Death or bodily injury due to an accident. Death due to illness or unexpected illness during the insurance period. Death or bodily injury caused by the insured’s actions to save lives, save the State’s and people’s property and participate in combating illegal actions. |
| 6. Not under insurance responsibility | – The Insured intentionally violates the laws and regulations of the travel agency, and the local government owes tourism.- Intentional act of the insured, the legal heir.- Affected effects of alcohol, beer, drugs, or other similar stimulants.- Treatment or use of drugs that are not prescribed by medicine or doctors.- War. |
| 7. Insurance exclusions | – Accident: Death due to an accident covered by the insurance will pay the full amount stated in the insurance policy or insurance certificate. In case of injury or accident, the insurance premium will be paid.- In case of sickness or disease: If you die due to illness or disease covered by the insurance coverage, you will pay 50% of the amount stated in the insurance contract. |
| 8. Insurance period | – Trip insurance: Effective from the start of the trip and ends when the trip is completed according to the time and place stated in the contract.- Insurance at the hotel: Effective from the time the Insured Person completes the check-in procedure at the hotel until 12 o’clock on the insurance termination date stated in the Insurance Certificate. control the ticket to enter the tourist area and end right when exiting the ticket control door then. |
And
Thus, for Bao Minh insurance, the reimbursement rate is recorded as follows:
In case of an accident: Death due to an accident covered by the insurance will pay the full amount stated in the policy or certificate of insurance.
In case of illness or disease: Death due to illness or disease is covered by the insurance coverage, and 50% of the amount stated in the insurance policy will be paid.
Consulting service of LSX Lawfirm
Above is LSX Lawfirm’s advice on the content of the problem “What is travel insurance in Vietnam?”. And all the above knowledge to use in work and life. If you have any questions and need more advice and help, please contact the hotline for the reception. Lawyer X is a place that provides reputable and fast business services at reasonable prices. Customers will be extremely satisfied when using our services.
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Related questions
The following cases will not be compensated by domestic travel insurance:
– Firstly, Violating the laws, regulations, and rules of the travel agency and the local government where the tourist is located.
– Secondly, if The insured person uses alcohol; drugs, or other stimulants when there is a risk, insurance companies will not be responsible for compensation.
– Thirdly, War
– Finally, The insured person treats or uses drugs not as directed by the treating doctors – Willful acts of the insured or legal heirs
Those who go sightseeing, relax, swim, travel or stay at hotels and guest houses within the territory of Vietnam. In case of the Insured Person survey, explore race car, horse racing, boat racing, compete professionally in sports: football, boxing, mountain climbing, windsurfing, etc., insurance is only provided on condition. have paid additional insurance premiums as prescribed then.
Package 1: 20 million VND Payment fee: 3,000 VND/day.
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