Tag Archives: travel insurance

Emphasising the need for travel insurance and why it is a must for every journey, CA Krishnan R, Director & CEO, Unimoni Financial Services said, “Travel insurance is the best companion to take along when you embark on a journey inside the country or abroad. It will protect you from unexpected troubles and pitfalls like medical emergencies, trip cancellations, luggage loss, and several other unpleasant events. Policies are available for all kinds of travellers and age-groups such as solo travellers, group travellers, explorers, adventurers, senior citizens, and children.” International Travel Unlike domestic travel, international voyage makes it mandatory to buy travel insurance as you are exploring a foreign land which is generally an unfamiliar territory. It bails you out from all kinds of emergency situations and troubles which can’t be predicted or avoided in normal circumstances. Domestic Travel Insurers cover domestic travel, too, which makes the journey safe, secure and enjoyable. It helps you to overcome unpleasant incidents and circumstances such as emergency hospitalization, loss of luggage, theft, loss of personal belongings/ valuables, and trip cancellations that emerge unexpectedly. Travel insurance policies are of different types: 1) Single Trip Insurance If you go for a single trip, the travel insurance will provide you protection for a certain period of time – normally, from the starting date to the return date. It protects you from things that could go wrong during the trip. These include illness, accidents, blockades, flight cancellation, trip cancellation, baggage loss and more. 2) Multi-Trip Insurance If you are a frequent flyer, especially for business purpose, then multi-trip travel insurance comes handy for you. It helps you save a lot of time, energy and money by combining all …

As per Policybazaar.com, there has been a 3-4% increase in booking travel insurance policies for trips exceeding 45 days in April 2024. Manas Kapoor, Business Head of Travel Insurance, Policybazaar.com, said, “Coverage for loss of baggage, trip cancellation, adventure sports, and pre-existing illness are high in demand add-ons for travel insurance.”  

In today’s fast-paced world of travel, unexpected disruptions can quickly turn a dream trip into a nightmare. While travel insurance is a common safeguard, its true value lies in adapting to the unique needs of modern adventurers. Enter the latest offering from TATA AIG’s- TRAVEL GUARD PLUS, redefining travel insurance with significant tech improvements and innovative features tailored to enhance every aspect of the journey. Enhanced Travel Experience: Beyond Coverage TATA AIG’s latest product transcends conventional travel insurance. It offers the unique perk of upgrading to business class in case of flight disruptions. Picture the seamless transition, ensuring uninterrupted journeys amidst unexpected hiccups. It has also introduced smaller trip bands ranging from 0-4 days. With this plan, TATA AIG also introduced upgraded medical insurance plans with higher coverage options: a High Medical Sum Insured plan offering USD 750,000 and USD 1,000,000, a Senior Plus plan with up to $100,000 coverage, and a Super Senior plan with up to $50,000 coverage. Enhanced benefits include expanded pre-existing condition coverage up to $20,000, with premiums linked to the chosen medical Sum Insured (2-6%), now exclusively covering life-threatening conditions. Instant Gratification: Redefining Flight Disruptions Flight delays or cancellations often lead to frustration. However, with TATA AIG’s enhanced travel insurance, travellers gain instant gratification through real-time and immediate compensation. This ground-breaking feature sets a new standard in the insurance industry, which not only eases financial burdens but also transforms delays into opportunities for enhanced travel experiences. For example, in the event of a flight delay, our proactive system tracks the flight’s status. As soon as the delay exceeds the chosen deductible time, compensation is promptly credited to the insured party. Personalized Support: Every Step of …

Atlys to conduct webinar on the new international travel insurance, exclusively designed for travel agents like you. Join for an insightful session that will revolutionize the way you protect your clients and boost your business on 11 July, Tuesday, at 3 pm. For more info contact 9650399935 or karan@atlys.com  

IRCTC has partnered with Bharti AXA General insurance company to provide free-of-cost travel insurance to customers who book air tickets through the IRCTC’s air ticketing website. IRCTC Air is set to offer free air travel insurance worth up to Rs 50 lakh for the customers. It is a first-of-its-kind initiative and the travel insurance will provide passengers with financial protection against accidental deaths as well as total permanent disability, according to a statement by IRCTC. The premium for the insurance will be borne by IRCTC to secure the passengers from any untoward incident during any journey. The aim behind this partnership is to make air travel hassle-free. The travel insurance cover will be for both one-way trips and round trips of air travel, when booked on the IRCTC air ticketing portal.

BookMyForex, a marketplace for retail foreign exchange and private remittances, will now offer travel insurance that caters to a wide range of customers with different demographic profiles, purpose of travel, etc. Sudarshan Motwani, CEO & Co-founder, BookMyForex said “Travel insurance is an extremely important aspect of planning a trip, which, unfortunately, often gets neglected as travellers are not fully aware of its numerous benefits. Travellers should choose a travel insurance plan that suits their interests well. At BookMyForex, apart from foreign exchange available at the best rates, travellers would be facilitated with an assortment of travel insurance plans which cover a wide gamut of parameters. Through our customised products catering to different individuals’ needs and preferences, we provide the most impeccable travel insurance plans so that you remain calm and enjoy your travel worry-free while we remain on the lookout for your well-being.” BookMyForex as an IRDA authorised agent offers two types of travel insurance plans- Travel Prime Coverage and Travel Elite, which comes with three categories Travel Elite Silver, Travel Elite Gold and Travel Elite Platinum and caters to all age groups, corporates and families etc.

TrawellTag Cover-More has partnered with Yatra.com as it establishes itself in the e-commerce segment. TrawellTag Cover-More India Founder & CEO, Dev Karvat, said “We will now provide our travel insurance and global assistance services to Yatra customers opting for both domestic and overseas travel. The association enables us to provide customised benefits for both leisure and corporate travellers. Our business model for Yatra.com focuses on changing customer needs and forecasted travel risks. The backbone of this model is a one-of-its kind software IMPULSE, an analytics engine that collects a feed of traveller data from the booking platform and crunches this in real time to generate customised offers for the travellers. With ease of integration, this cloud hosted tool customizes travel protection products with an exceptional speed of customer data processing.” Dhruv Shringi, Co-founder & CEO, Yatra.com said: “TrawellTag Cover-More was a natural choice as we share a common commitment; creating the most convenient travel experience for our customers. They bring along with them an impressive product range and technical know-how, more than a decade of domain expertise and a global presence which extends their service offering worldwide.”