Cover yourself from losses arising due to risks such as flight delays, cancellations and baggage loss with domestic travel insurance for as low as Rs 99 while booking air tickets online. These domestic travel insurance policies bundled with air tickets are customised especially for travel portals, such as Makemytrip.com and Yatra.com and airlines, offer good value for money.
Though only 15-20 per cent of customers booking tickets online opt for travel insurance. For premium as low as Rs 99, one gets risk coverage against flight delays, trip cancellation, medical emergency and baggage loss.
A basic policy offers personal accident cover, hospitalisation expenses in case of injury, loss of baggage and compensation for cancellations or delays.
“These policies are customised as per the requirements of the client after understanding the profile and geographical scope of travel of the customers. The inclusions and exclusions vary with the coverage offered to the clients,” said Amit Bhandari, vice-president – corporate solutions group, ICICI Lombard.
Such customised policies are better suited to occasional flyers, while frequent travellers should take travel policy that coverage risk for longer period of time and for multiple travels.
For example, ICICI Lombard General Insurance’s travel insurance for Rs 99 pays Rs 10,000 for baggage loss, Rs 3,000 for baggage delay and Rs 10,000 for trip cancellation and interruption.
Apollo Munich Health Insurance’s travel insurance for Yatra.com customers pays for medical expenses in case of treatment due to accidental injuries up to Rs 1,00,000, checked in baggage loss up to Rs 7,500 and return airfare and accommodation expenses for one immediate relative in case of traveller’s hospitalisation up to Rs 10,000 each, all for premium of Rs 111.
ICICI Lombard General Insurance has tied up with Ezeego, Akbar Travels, Jet Airways and Kingfisher Airlines. ICICI’s premium varies with respective partners. Tata AIG general insurance offer domestic travel insurance for Rs 129 to Yatra customers, covering for medical emergency up to Rs 5,00,000 and up to Rs 7,50,000 for accidental dealt and dismemberment, apart from flight delays, baggage loss and trip cancellation.
Like all insurance products, these policies also come with a conditions apply tag. Before taking up such product one must see the inclusions and exclusion under the policy to be sure of the scope of policy. To make each kind of claim, such as baggage loss, every insurance company has conditions which one must fulfil to be eligible for claim. The policy comes into effect on the day of travel. All the companies offer 30 days of cover or until the person returns to the destination of origin.