Insuring domestic travellers will be the next thrust area for general insurance companies. Currently, the insurers’ travel portfolio primarily caters to international travellers from the country. They are now shifting the focus to domestic travellers as there is an increase in domestic traffic.
“We see the biggest opportunity in insuring trips within India. Our company is in the process of launching domestic travel insurance,” said Abhay Kumar, executive vice-president (retail underwriting) at IFFCO Tokio General Insurance. The insurer already has two overseas travel policies. It is also planning to widen the coverages of its existing products by introducing new features such as cancellation / curtailment of trips, among others.
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