Thomas Cook Launches New Insurance Product

ET&T Staff - Mumbai

Thomas Cook Insurance Services (I) Ltd, a 100 per cent subsidiary of Thomas Cook (India) Ltd, launched a new product - EmigrationCare to its existing portfolio of Travel Insurance products. It has also enhanced its original product TravelCare with new relevant features.

EmigrationCare fulfils the mandatory insurance requirements for persons migrating overseas on purpose of employment. The risk cover includes hospitalisation benefits, accidental death and dismemberment benefits and travel inconvenience as well as non-risk benefits of latitude membership and an AT&T post paid global calling card.

TravelCare the travel insurance which offered uncommon features like trip delay, hijack and legal bail bond and home burglary insurance has now been enhanced to include new features. TravelCare is the only insurance product in India that currently offers unique international cover such as trip curtailment and trip cancellation, money insurance (emergency cash advance) and dental insurance as well as automatic extension of policy up to seven days.

Also another first is that under TravelCare, Indian travellers can avail of a policy for upto 180 days up to the age of 70 as compared to the normal policies by others which are for 90 days and up to the age of 60 only. This is particularly beneficial for aged or retired parents who are visiting their children or professionals and consultants who need to stay for long duration overseas for work. “The Travel Industry is set for an upward trend and with most countries making insurance mandatory for visa purpose, the travel insurance segment holds vast opportunities. In today’s world and its constantly changing environment, we conscientiously endeavour to modify and upgrade our products to align it with emerging customer requirements. In fact Thomas Cook in its 160 years of existence has been offering innovative products which have been created to make travel easier for people around the world,” says Ashwini Kakkar, CEO and MD, Thomas Cook India Ltd.

The non-risk benefits included in the Thomas Cook Travel insurance products are Latitude membership, IAPA card and the AT & T card.

The Latitude membership provides the user with a world of useful recovery and discovery services such as assistance for lost or stolen documents, medical and legal emergency assistance, arrangements for flight bookings and transportation and interpretation and messaging assistance including booking theatre tickets and sending flowers.

The post paid AT & T global calling card enables one to stay in touch with family, colleagues, friends and associates when overseas with the billing facility linked to one’s designated global credit card with payment in Indian currency. The IAPA membership entitles the member access to online reservation and discounts on hotel accommodation and car rentals worldwide.

Thomas Cook Insurance has been operating for two years and is a licensed corporate agent for TATA AIG General Insurance Company Ltd.