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Wednesday, 17 May, 2017, 17 : 21 PM [IST]

BookMyForex ventures into travel insurance segment

BookMyForex, a marketplace for retail foreign exchange and private remittances, now ensures that travellers do not have to go through such ordeals. Its latest offering includes travel insurance plans that cater to a wide range of customers with different demographic profiles, purpose of travel etc.

Sudarshan Motwani, CEO and Co-founder, BookMyForex said, “Travel insurance is an extremely important aspect of planning a trip, which, unfortunately, often gets neglected as travellers are not fully aware of its numerous benefits. At BookMyForex, apart from foreign exchange available at the best rates, travellers would be facilitated with an assortment of travel insurance plans which cover a wide gamut of parameters.”

BookMyForex as an IRDA authorised agent offers two types of travel insurance plans-Travel Prime Coverage and Travel Elite. Travel Prime Superage plan is for travellers in the age band of 71-90+ years. This comprehensive plan includes expense borne due to travel delays and hijacks to emergency cash benefits. Losses of up to USD 50,000 can be covered under this plan.

Similarly, the other product is named Travel Elite plan which comes with three categories Travel Elite Silver, Travel Elite Gold and Travel Elite Platinum and caters to all age groups, corporate and family parties etc.
 
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