ICICI Lombard General Insurance, India's largest private sector general insurance company, has launched a new travel insurance product International Travel Insurance. The policy provides overseas medical insurance along with coverage for all trip related risks. It caters to the needs of not only international travellers but also the insured’s family back home, while he is travelling.
International Travel Insurance provides coverage on a host of medical and non-medical expenses that the policyholder may incur while travelling abroad. The company’s tie-up with US' United Health Care (UHC) helps take care of the insured's bill settlement directly while enabling the insured to avail cashless hospitalisation across a wide network of hospitals.
| Product features |
| No medical check-up up to age 85 |
| Pre-existing diseases included in emergency, life-threatening situations |
| Insured’s family at home gets a bundle of services like medical concierge, automotive assistance, lifestyle services like gifts or flower delivery, home movers assistance |
| Cover for hand baggage (in addition to check-in baggage) |
| In case of trip extension or flight delay, expenses for accommodation· covered |
| Also covers political risk and catastrophic evacuation, emergency financial assistance, compassionate visit, personal accident, personal liability cover, home insurance cover |
Other benefits include cover pertaining to political risk and catastrophic evacuation, emergency financial assistance, compassionate visit, personal accident, personal liability cover, home insurance cover.
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This policy will provide insurance to traveller’s up to the age of 85 years without any medical check-up. This policy provides value added assistance services for the insured’s dependents in India. These include services pertaining to medical concierge, automotive assistance and lifestyle related amongst others offering additional convenience. Catering to the needs of frequent travellers, the policy also provides option of a multi-trip policy. One can purchase the policy online also.
Sanjay Datta, chief – underwriting & claims, ICICI Lombard said, “Today, travel insurance is not restricted to trip related coverage but caters to a host of other benefits as well. In line with our customer centric approach, the new product is a comprehensive solution for trip related coverage along with medical and other value added benefits.”
Premium for a 36-year old travelling to the US for 10 days will be Rs 1,000 for $100,000 (Rs 50-55 lakh) cover. There is a special Asia plan for those travelling to neighbouring country. For a 36-year old the Asia plan will charge a premium of Rs 300-400 as the medical costs are lower in Asia.
