NEW DELHI: Insurtech startup, InsuranceDekho, has expanded its product portfolio by providing travel insurance‘ on its on-line platform. InsuranceDekho has partnered with HDFC Ergo, Reliance General, Care, ICICI Lombard and Bajaj Allianz to supply travel insurance merchandise and is within the means of tying up with different insurers.
The platform provides curated travel plans for household and people, corporates and college students, with costs beginning at ₹552 and overlaying 198 nations, topic to phrases and situations which can fluctuate from insurer to insurer. The insurance policies present a variety of protection, relying on the plan chosen. However, nearly all of them embody vital covers like lack of passport, emergency medical bills, flight delay, lack of checked-in baggage, medical evacuation, amongst others, mentioned the agency.
Ankit Agrawal, Co-Founder and CEO of InsuranceDekho, mentioned, “In the post-COVID period, Indians are touring once more with worldwide travel rising at 76% YoY which has widened the marketplace for insurance suppliers. There is excessive digital adoption for travel insurance as at present greater than 33% Indian worldwide vacationers purchase insurance instantly from the insurance firm’s web sites, which makes this a horny phase for innovation and disruption. We are constructing InsuranceDekho as a one-stop store for all insurance options and diversified funding choices; that is one essential step in that route.”
India’s travel insurance market is estimated to be USD 892 Mn in 2022 and is anticipated to exceed $2 billion by 2027, rising at a CAGR of 17.6%.
InsuranceDekho additionally provides end-to-end digital journey for motor, well being, life, travel and pet insurance merchandise at present. The platform allows prospects to match totally different insurance insurance policies and provides them the perfect decisions and proposals primarily based on their requirement. The firm works with nearly all insurance suppliers and has direct integration with 45 insurance firms throughout India and provides greater than 300 insurance merchandise. InsuranceDekho intends to develop its portfolio by providing extra merchandise on its varied platforms in close to future, mentioned the agency.
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