ICICI Lombard General Insurance Company has entered into a deal with Air India Express to provide travel insurance to the domestic and international passengers flying with Air India Express.
Travellers flying Air India Express can now avail of the discounted group insurance rates that ICICI Lombard has offered to Air India Express. Expenses arising out of flight cancellations, lost luggage, trip delays,loss of luggage, loss of passport etc is covered under a 15 day policy from the date of travel. The interesting bit here is that NON-PLANNED hospitalisation is also covered even though the disease might have been pre-existing. This is the risky element for the insurer as we have heard of certain cases where the insured does a planned hospitalisation in specialised hospitals in Western Europe and US and tries to pass off the expenses as a non-planned emergency hospitalisation.
While every risk can be priced, let us hope that travel insurance for Air India Express passengers is not a sure event, given the recent history of cancelled flights of Air India and its sister concerns!