The annual declaration travel policy is an insurance policy issued to
a company, which ensures that all staff, sub-contractors, or guests
who travel for the company are easily insured without having to
obtain quotes or make payments for every trip. The company also
benefits from cost-effective rates, higher levels of cover, more
comprehensive policy wording, and no excesses payable on claims.
The company is able to purchase, upfront, a specified number of travel days for a 12-month period.
This is based on the specific needs and travel patterns of the travellers. A daily cost is quoted.
Each time an individual travels for business, the number of days is logged on TIC’s website via a user-friendly client platform.
If the company exhausts the initial upfront estimate, it is possible to buy more days at any time during the year.
After 12 months, TIC provides a reconciliation to compare how many days were travelled to how many days were purchased and, if the travel days exceed the purchased days, an premium notification is raised for the difference.
After accepting the quotation, allow at least one working day for
the policy to be loaded. TIC will send you an premium notification so that the
deposit premium can be paid and once that is received, the policy
will be active and the system will be open for declarations.
Yes. These declarations can be issued by your nominated travel
consultant, and TIC will facilitate communication on your behalf
as soon as we have the relevant contact details.
A username and password will be given to the person who is
nominated to issue declarations on behalf of the company. Each
time an employee travels for business, the nominated person
simply goes online and enters the dates of travel, destination, and
The policy is automatically generated, along with
a visa letter to the relevant consulate to confirm cover. There is
no need to obtain quotes and make payments for each individual
The policy is in place for a 12-month period, during which all trips
can be declared online prior to departure.
After 11 months, TIC
will send an invitation to renew the policy for a further 12-month
TIC will also compare the number of travel days logged
online with the number of days purchased upfront.
If the travel
days exceed the purchased days a premium notification will be raised for the