BookMyForex, a marketplace for retail foreign exchange and private remittances on Tuesday disclosed its agenda to offer travel insurance plans to ease travelers' experience, catering to a wide range of customers with different demographic profiles, purpose of travel and so on.
With the roll-out of this service, BookMyForex aims to strengthen its stance as the one-stop destination for those travelling abroad.
"Travel insurance is an extremely important aspect of planning a trip, which, unfortunately, often gets neglected as travelers are not fully aware of its numerous benefits. Travelers should choose a travel insurance plan that suits their interests well. At BookMyForex, apart from foreign exchange available at the best rates, travelers would be facilitated with an assortment of travel insurance plans which cover a wide gamut of parameters," said Sudarshan Motwani, CEO and Co-founder, BookMyForex.
As an agent authorised by the Insurance Regulatory and Development Authority of India (IRDA), BookMyForex offers two types of travel insurance plans-Travel Prime Coverage and Travel Elite.
Travel Prime Coverage plans include Travel Prime Superage, for travelers in the age band of 71-90 and above, this comprehensive plan includes expense borne due to travel delays, hijacks to emergency cash benefits. Losses of up to USD 50,000 can be covered through this plan.
Furthermore, plans such as Travel Prime Age, provide insurance benefits to those people within the age bracket of 61-70 years. It further has five categories-Silver (USD 50,000), Gold (USD 200,000), Platinum (USD 500,000), Super Platinum (USD 700,000) and Maximum (USD 10,00,000).
Corporate multi-trip policy involves complete medical and health cover provided to the international business traveller, with five categories such as Lite (USD 250,000), Plus (USD 500,000), Maximum(USD 10,00,000), Age Lite ( age band 61-70, USD 50,000), and Age Plus (Age band 61-70 years, USD 200,000).
The 'Family Policy' covers the entire family (self and spouse-above 60 with two children below 21) and comes in two propositions- Standard (USD 50,000) and Silver (USD 100,000).
Student Policy is customised for students travelling abroad for studies. It caters to the medical and other fundamental necessities that a student might face while studying abroad. Based on premium sum insured and certain other criteria, there are six options to choose from under this student travel insurance plan - Silver (USD 100,000), Gold (USD 200,000), Platinum(USD 300,000), Super Gold (USD 500,000), Super Platinum (USD 750,000) and Maximum(USD 1 million).
Travel Elite plan comes with three categories-Travel Elite Silver, Travel Elite Gold and Travel Elite Platinum and caters to all age groups, corporate and family parties.
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