270% increase in sale of non-Covid,byte-size insurance cover in 10 months of 2022: TripMoney
MakeMyTrip’s fintech arm, TripMoney has recorded more than 270% increase in sale of non-COVID, byte-size insurance benefit covers against unexpected emergencies such as travel cancellation for any reason, loss of baggage or mobile device, identity documents theft, home burglary, medical exigency etc. when travelling, this year. Despite the popularity of international travel insurance, there is a noticeable increase in the selection of cover for domestic travel as well.
To cater to the growing demand for byte-sized travel insurance benefit plans, against unexpected travel hitches, TripMoney, together with its insurance partners has customized 10 distinguished insurance covers for hotel stay, domestic and international flight travellers on MakeMyTrip and Goibibo. These plans have been designed to enable quick and hassle-free claim settlement, in partnership with some of the trusted Insurance and InsurTech companies including Aditya Birla Health Insurance, Care Health Insurance, Reliance General Insurance, Tata AIG, and Cover Genius
Sharing his thoughts on the growing demand for non-COVID insurance plans, Sumit Agarwal, Senior Vice President, TripMoney, shared “The global health crisis has brought along a paradigm shift in the way people book travel, today. Travellers now actively seek covers that promise to secure their trip, their lives and of their loved ones, and other tangible assets, right at the time of making the booking. So, a travel insurance cover that often came as an after-thought to many a few years back –has now become an integral part of booking for both, domestic and international travellers. At TripMoney, our aim is to secure travellers against any sort of travel-related uncertainties while ensuring that these covers offer comprehensive yet affordable benefits for every type of traveller.”