Irdai proposes standard travel insurance policy by April 1
Irdai aims to promote the penetration of travel insurance in the country
The new travel insurance policy has 5 variants under domestic travel and 4 variants under overseas travel
The Insurance Regulatory and Development Authority of India (Irdai) on Monday proposed a standard travel insurance policy with common coverage and policy wordings across the industry. The move is aimed at increasing penetration of the product.