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Travellers opt for short trips, but exotic places: ICICI Lombard General

Higher frequency claims were reported in check-in baggage delay, trip delay and passport delay

May 28, 2013 1:51 IST | India Infoline News Service
Dental treatment and medical inpatient (hospitalisation) expenses make up the maximum claims filed by Indian travellers who buy overseas travel insurance, according to ICICI Lombard General Insurance said.

Higher frequency claims were reported in check-in baggage delay, trip delay and passport delay, the private insurer’s analysis of its travel claims has found.
The most visited destinations among Indians include the US, UK, Canada, Australia  and Middle East. Indians usually travel for business as well as leisure.

The new covers in travel insurance include political unrest, catastrophic disasters, medical cover against pre-existing disease, handbag cover and cover for home contents during travel.

The demand from domestic travellers is "very poor", the report added. On Indian travellers’ behaviour this season, the analysis noted that they are opting for "shorter trips, but more exotic locations".

ICICI Lombard garners 45% of the annual travel insurance business between April and June, which is regarded as the peak travel period.

Travel insurance is purchase predominantly in international travel.

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