Cholamandalam MS General Insurance (Chola MS), a Chennai-based private general insurance company, today announced the launch of its new overseas travel insurance product - Chola Travel Insurance. The policy coverage includes adventure sports like bungee jumping, parasailing, paragliding, deep-sea walk, trekking etc to cater to the growing demand of holiday seekers. Door-to-door coverage for Personal Accident, from the residence to international airport and back, is another first-of-its-kind benefit offered to the Indian overseas traveler. This policy follows a ‘per day’ pricing model, which is another product highlight.
Mr. Arun Agarwal, Managing Director, Cholamandalam MS General Insurance says, “Cholamandalam MS aims to provide customers a well-researched portfolio of products designed to suit their growing insurance needs. In line with this objective, we have launched our all-new travel insurance product with a host of coverage features that are critical to the travel needs of today’s overseas traveler. Our new overseas travel product reiterates our concerted effort on meeting these customer needs with value for money propositions.”
Chola Travel Insurance brings with it the added benefit of a newly defined geographical scope - Asia Pacific (excluding Japan), as a result of which, travel cover to say Australia or Singapore is now more competitive in price, as against the industry practice of charging a price applicable for the ‘Excluding US-Canada’ category for these destinations.
Another highlight is the coverage for cruise travel and one-way immigration travel with no additional charge.
The benefits of the policy include cashless settlement of hospitalization claims abroad, coverage upto 70 years without medical check-up, online policy issuance, maximum coverage upto 360 days by extension, special family plans with children covered upto the age of 25 years and annual multi-trip plans.
The product comes under two variants – the cost-effective ‘Silver’ and comprehensive ‘Gold’ to suit specific customer needs at both ends of the spectrum.
More: businesswireindia.com
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Cholamandalam MS General Insurance (Chola MS), a Chennai-based private general insurance company, today announced the launch of its new overseas travel insurance product - Chola Travel Insurance. The policy coverage includes adventure sports like bungee jumping, parasailing, paragliding, deep-sea walk, trekking etc to cater to the growing demand of holiday seekers. Door-to-door coverage for Personal Accident, from the residence to international airport and back, is another first-of-its-kind benefit offered to the Indian overseas traveler. This policy follows a ‘per day’ pricing model, which is another product highlight.
Mr. Arun Agarwal, Managing Director, Cholamandalam MS General Insurance says, “Cholamandalam MS aims to
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