Must-knows while buying travel insurance

According to a study published by ICICI Lombard, a general insurance company, more than 10.3 million Indian travellers flew out of the country in 2010. Out of these 40 per cent travelled abroad for leisure purposes, 35 per cent for business, 20 per cent travellers went abroad to meet their friends and relatives and a miniscule one per cent went abroad were students.

But that still makes up for 1.6 lakh Indian students flying abroad for higher studies to destinations like the US, UK, Australia, Singapore etc. Interestingly, overseas universities have made it compulsory for students to buy medical insurance when they reach their respective universities. Also, a lot of business and leisure travellers too find it important to buy medical or travel insurance when they fly abroad.

To help these travellers find out the most important thing they must consider while buying insurance for their overseas travel Rediff.com spoke with Amit Madhan, national manager, retail products, ICICI Lombard GIC. 13 May 2011    Prasanna D Zore

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