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Thursday, May 26, 2005

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Cholamandalam MS unveils overseas travel product

Our Bureau

Mumbai , May 25

CHOLAMANDALAM MS General Insurance has announced a new overseas travel insurance product, Chola Travel Insurance.

The policy coverage includes adventure sports such as bungee jumping, parasailing, paragliding, deepsea walking, and trekking.

It also covers cruise travel and one-way immigration travel at no additional charge.

The policy will have a door-to-door coverage for personal accident, from the residence to international airport and back. It will follow a `per day' pricing model.

A release quoted Mr Arun Agarwal, Managing Director, as saying: "Our new overseas travel product reiterates our concerted effort on meeting customer needs with value for money propositions."

The policy will provide competitive pricing for the Asia-Pacific region.

The features of the policy include cashless settlement of hospitalisation claims abroad, coverage up to 70 years without medical check-up, online policy issuance, maximum coverage up to 360 days by extension, special family plans with children covered up to the age of 25 years, and annual multi-trip plans.

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