Travel coverage is now available on the internet platform of insurtech company insurancedekho, broadening its product line. To provide travel insurance products, insurancedekho has partnered with hdfc ergo, reliance general, care, icici lombard, and bajaj allianz, and is presently in the procedure of forming relationships with additional insurers.
The platform covers 198 nations with pricing starting at rs. 552 within the provide curated tour plans for family, individual, corporate or college students. The subject of terms and conditions may additionally vary from insurer to insurer. The policy covers a extensive range of regions but relies upon on the plan you pick. But, almost all of them include important covers like loss of passport, flight delay, loss of checked-in luggage, emergency medical expenses, medical evacuation, amongst others, stated the firm.
Ankit agrawal, co-founder and ceo of insurancedekho, said, “within the post-covid generation, indians are travelling again with international travel developing at 76% yoy which has widened the marketplace for insurance vendors. There is high digital adoption for travel coverage as currently more than 33% indian global travelers purchase insurance directly from the coverage corporation’s websites, which makes this an attractive section for innovation and disruption. We are building insurancedekho as a one-stop shop for all insurance solutions and various investment options; that is one important step in that course.”
India’s travel insurance market is estimated to be USD 892 Mn in 2022 and is expected to exceed $2 billion by 2027, growing at a CAGR of 17.6%.
Currently, insurancedekho additionally offers a complete digital journey for its line of auto, health, life, travel, and pet coverage products. The platform enables clients to healthy unique insurance policies and affords them the proper selection on the requirement foundation. The company works with nearly all coverage providers and has direct integration with 45 insurance organizations all through india and affords more than 300 insurance merchandise.
The firm said that InsuranceDekho intends to develop its portfolio by offering extra merchandise on its various platforms in the near future.