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Bharti AXA gets into travel insurance market


Bharti AXA General Insurance has entered into the travel insurance market in India launching SmartTraveller, an international travel insurance policy for individuals, families and students. The policy offers two plans with the first catering to individuals and families through a variant, annual Multi Trip International travel insurance plan and covers geographies including USA and Canada, Schengen (enlistment under way); Asia excluding Japan and worldwide including Japan.

The second plan is for students in the age group of 16 to 40 years and covers USA and Canada and rest of the world. The travel insurance policy can be purchased through the company’s website – www.bharti-axagi.co.in and a mobile application is being developed for the same.

Elaborating on the launch, Milind Chalisgaonkar, interim CEO and MD, Bharti AXA General Insurance stated, “The distinguishing factor of our policy is that the most basic version of our travel insurance products offers 11 or more benefits that equip travellers to manage nearly any problem they may face. Additionally, our partnership with AXA Assistance ensures that we provide seamless end-to-end claims assistance globally.”

Sharing her views, Rachna Sethi, CEO, AXA Assistance India said, “We manage over 30 global 24*7 alarm centres. One of such alarm centre is located in Delhi. This means that we are all the more equipped to render services to our Indian clients in their local language.” The company is currently looking at tying-up with travel agents, visa processors, corporate brokers, websites, among others to create product awareness and penetrate into the India market.

In 2014, the travel insurance market in India was pegged at Rs 450 crore growing at a rate of 15-20 per cent year-on-year.

Musafir Namah Bureau


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