Mumbai, India (CU)_ InsuranceDekho, an insurtech company, has added travel insurance to its online platform in order to expand its product line. InsuranceDekho has collaborated with HDFC Ergo, Reliance General, Care, ICICI Lombard, and Bajaj Allianz to offer travel insurance plans, and is in the process of building connections with more insurers. The travel insurance market in India is projected to be USD 892 million in 2022 and may surpass $2 billion by 2027, expanding at a CAGR of 17.6%.
The portal provides personalized travel plans for families, individuals, corporations, and students, covering 198 nations with prices beginning at INR 552. The subject of terms and conditions may vary between insurers. Depending on the plan you select, the policy may cover a variety of areas. According to the company, almost all of the plans offer essential coverage such as loss of passport, flight delay, loss of checked luggage, emergency medical bills, medical evacuation, and others.
According to Ankit Agrawal, Co-Founder and CEO of InsuranceDekho, “In the post-COVID era, Indians are traveling again with international travel growing at 76% YoY which has widened the market for insurance providers. There is high digital adoption for travel insurance as currently more than 33% Indian international travelers buy insurance directly from the insurance company’s websites, which makes this an attractive segment for innovation and disruption. We are building InsuranceDekho as a one-stop shop for all insurance solutions and diversified investment options; this is one crucial step in that direction.”
At present, InsuranceDekho offers a comprehensive internet experience for its selection of car, health, life, travel, and pet insurance products. The network enables users to compare various insurance products and offers them the optimal selection based on their needs. The company collaborates with nearly all insurance providers, has direct contact with 45 insurance firms across India, and offers over 300 insurance products. According to the company, InsuranceDekho plans to expand its product by providing extra merchandise on its multiple platforms in the near future.
Mumbai, India (CU)_ InsuranceDekho, an insurtech company, has added travel insurance to its online platform in order to expand its product line. InsuranceDekho has collaborated with HDFC Ergo, Reliance General, Care, ICICI Lombard, and Bajaj Allianz to offer travel insurance plans, and is in the process of building connections with more insurers. The travel insurance market in India is projected to be USD 892 million in 2022 and may surpass $2 billion by 2027, expanding at a CAGR of 17.6%.
The portal provides personalized travel plans for families, individuals, corporations, and students, covering 198 nations with prices beginning at INR 552. The subject of terms and conditions may vary between insurers. Depending on the plan you select, the policy may cover a variety of areas. According to the company, almost all of the plans offer essential coverage such as loss of passport, flight delay, loss of checked luggage, emergency medical bills, medical evacuation, and others.
According to Ankit Agrawal, Co-Founder and CEO of InsuranceDekho, “In the post-COVID era, Indians are traveling again with international travel growing at 76% YoY which has widened the market for insurance providers. There is high digital adoption for travel insurance as currently more than 33% Indian international travelers buy insurance directly from the insurance company’s websites, which makes this an attractive segment for innovation and disruption. We are building InsuranceDekho as a one-stop shop for all insurance solutions and diversified investment options; this is one crucial step in that direction.”
At present, InsuranceDekho offers a comprehensive internet experience for its selection of car, health, life, travel, and pet insurance products. The network enables users to compare various insurance products and offers them the optimal selection based on their needs. The company collaborates with nearly all insurance providers, has direct contact with 45 insurance firms across India, and offers over 300 insurance products. According to the company, InsuranceDekho plans to expand its product by providing extra merchandise on its multiple platforms in the near future.
