At present, no private insurance player is offering overseas travel insurance for senior citizens aged between 71-85 years.
Public sector insurers also do not offer coverage beyond 80 years of age.
The policy will meet the needs of approximately one lakh senior citizens every year who are mainly traveling overseas to the US, Europe and Middle East, an ICICI Lombard release said.
Kartik Jain, head, marketing, ICICI Lombard General Insurance, said:
