Irdai issues guidelines for a standard domestic travel insurance product

Rollout on July 1, five plans on offer depending on mode of travel

The Insurance Regulatory and Development Authority of India (Irdai) has come out with guidelines for a standard domestic travel insurance product, to be known as “Bharat Yatra Suraksha”. General and health insurers have to offer this product July 1 onwards. 

There are five plans under the product and the coverage is both benefit and indemnity-based. 

“Though there are a number of travel insurance products available in India, each product is distinct and the insuring public may find it difficult to choose an appropriate product. Therefore, a standard travel product is designed with uniform features of coverage, so as to make