Irdai pitches for standard travel insurance covers

| Dec 29, 2020, 01:50:27 PM | TOI.in
  • Share
In a bid to simplify travel insurance and expand its reach in the country, regulator Irdai on Monday issued guidelines for insurers to come up with standard travel policies to be offered from April 1, 2021. These covers will have common benefits and wordings across products launched by different insurance players. According to the exposure draft, insurers will be allowed to launch five standard travel insurance plan variants under domestic travel and four plan variants under overseas category. The exposure draft spells out the coverage and exclusions under domestic and overseas travel insurance.

Top Viral Videos