- Proposed Insurance is valid from the date of commencement of the overseas trip till the date of return to India or 15 days from the date of commencement of trip, whichever is earlier.
- Instant online policy
- Policy covers pre-existing diseases under life-threatening situations*
ICICI Lombard GIC Ltd., the country’s largest private sector General Insurance Company has collaborated with Air India Express, to provide unique travel insurance solutions at cost effective rates to overseas and domestic travelers. The association would enable customers to take advantage of Group Travel Insurance (Overseas) being valid for a period as short as 15 days or return to the -India, whichever is earlier. With this recent online offering, ICICI Lombard has once again succeeded in launching an innovative product and service by leveraging technology.
The policy ensures that customers traveling abroad will be secure against possible risks during their travel. The policy covers a host of situations such as medical expenses caused by Hospitalization arising out of Accidents, loss from Trip Delay, Loss or Delay of Checked-in Baggage, Loss of Passport and much more.
The Insurance policy can be purchased on the airline website www.airindiaexpress.in simultaneously while booking flight tickets. The e-policy is issued instantaneously without any paperwork with immediate confirmation via email and sms.
Talking about the tie up, Neelesh Garg, Executive Director, ICICI Lombard General Insurance said, “We are committed to delivering unique and convenient risk management solutions to our customers. Our partnership with Air India Express brings together a comprehensive, cost effective travel insurance cover at the time of ticket purchase along with the ease of instant online policy issuance. The product coverage has been carefully designed to meet the needs of Air India Express’ guests and has a convenient claims settlement process. “
ICICI Lombard’s efficient claims settlement processes enables customers of Air India Express to register their claims easily on the ICICI Lombard 24x7 toll free Help Line number: 1800 2666 in India and on + 91 22 6787 2010 from anywhere else in the world. The company has also tied up with Europ Assistance, leading global assistance provider to ensure hassle free claim settlement.
The policy offers:
- Medical Cover - This covers the expenses incurred by the insured during hospitalization for availing immediate medical assistance required on account of any illness contracted or injury sustained whilst on a trip abroad.
- Personal Accident - Personal Accident compensates the insured in the event of the insured meeting with an accident during the policy period that results in his death or Permanent Total Disablement.
- Loss of Passport - In the event that the passport belonging to the insured is lost whilst on trip abroad, the Company will reimburse the insured for actual expenses necessarily and reasonably incurred in connection with obtaining a duplicate or fresh passport.
- Loss of Checked-In Baggage - This covers the compensation for permanent loss of Checked-In baggage In case of loss of single Checked- In Baggage being part of more than one Checked-In Baggage, Company’s liability will be restricted to 50% of the Sum Insured.
- Delay of Checked-In Baggage - Fixed allowance equal to the sum insured will be paid in case there is a delay in receipt of complete Checked-In Baggage beyond a period of 12 hours.
- Trip Delay - Reimbursement of reasonable expenses incurred, if trip is delayed for more than 6 hours due to Terrorism, cancellation or rescheduling of flights by Common Carrier, or any natural peril like Earthquake, Flood, Storm, etc,
*Conditions Apply
About ICICI Lombard General Insurance Company Ltd.
ICICI Lombard GIC Ltd. is a 74:26 joint venture between ICICI Bank Limited, India’s second largest bank with consolidated total assets of over USD 100 billion at March 31, 2010 and Fairfax Financial Holdings Limited, a Canada based USD 30 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.
ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs. 3,694.7 crore for the year ended March 31, 2010. The company issued over 44 lakh policies and settled over 62 lakh claims and has a claim disposal ratio of 96% (percentage of claims settled against claims reported) as on March 31, 2010. The company has 4,201 employees and 315 branches as on November 30, 2010.
The company has been assigned a domestic rating of ‘iAAA’ by ICRA (an associate of Moody’s Investors Service) for highest claim paying ability and a fundamentally strong position, for the fifth consecutive year. The company has recently received ‘NASSCOM – CNBC TV18 IT User Award 2010’ for Best Technology Implementation in the Insurance Sector. It has been awarded CNBC Awaaz Consumer Award 2010 for being the ‘most preferred brand’ in the General Insurance category. ICICI Lombard Auto Insurance has been rated highest in customer satisfaction by J.D. Power Asia Pacific in India among 11 auto insurance providers. The company has been conferred the Golden Peacock- Eco Innovation Award of 2009 for weather insurance and the Customer and Brand Loyalty award in the ‘Insurance Sector - Non-Life’ at the 3rd Loyalty awards, 2010. It was awarded the ‘General Insurance Company of the Year’ at the 11th Asia Insurance Industry Awards. The company also won the NDTV Profit Business Leadership Award 2007 and was adjudged as the most Customer Responsive Company in the Insurance category at the Economic Times Avaya GlobalConnect Customer Responsiveness Award 2006. It has the Gold Shield for ‘Excellence in Financial Reporting’ by the ICAI (Institute of Chartered Accountants of India) for the year ended March 31, 2006.
ICICI Lombard allows instant policy issuance and renewal through its website www.icicilombard.com for all retail insurance products including Car Insurance, Health Insurance, Travel Insurance, Two Wheeler Insurance and Home Insurance. There are multiple payment options available including internet banking, credit card, debit card and cash card.
For more details about the company, log on to the website www.icicilombard.com
