Hyderabad :  SBI General (SBIG) Insurance has collaborated with India’s largest insurtech market place, Policybazaar.com to sell SBI Travel Insurance (Business & Holiday), its latest travel insurance offering. The latest offering from the SBIG stable has been engineered to provide a 360* protection shield for consumer undertaking overseas travel for leisure or business.

The travel plan available on Policybazaar portal is designed to cater to a wide segment of consumers across all age groups, for travel duration up to 180 days.

Commenting on the collaboration with SBIG Insurance, Tarun Mathur, Chief Business Officer, General Insurance, Policybazaar.com said, “SBIG Insurance is a prestigious entity having a diverse product portfolio. We are delighted to forge a relationship with them. The association not only augurs well for us but also the Indian consumers as it has the potential to enhance the reach of the offering and also empower the Indian consumers to purchase a product that scores well on the customer-centricity parameter.”

In addition to travel support benefits like the loss of passport or baggage, trip cancellation and trip delay which are covered up to USD 2,000, the product caters for expenses incurred on overseas hospitalization caused due to an illness, disease or an injury sustained during an overseas journey up to USD 0.5 million. The plan also provides global assistance services such as medical evacuation in case of medical emergency, repatriation of mortal remains, political or catastrophe triggered emergency services, emergency cash advance etc.

Commenting on the partnership and its movement towards the online platform, Sujatha Aroon, Head – Renewals, Direct & Digital, SBI General Insurance said, “Digital platform is a very essential part of today’s world and associating with the best will only show growth in the future. Our Travel Insurance is one of the most comprehensive policies in the industry. We have seen an increase in the customer base who prefer buying insurance online. This association will not only expand our reach but also help us penetrate through the online segment of customers. Policybazaar is the most trusted online portal for buying & selling insurance policies and we are proud to be associated with them.”

Drawing on the SBIG Insurances experience and robust network globally, the travel plan will offer a dedicated 24*7 helpdesk and toll-free numbers for availing assistance in US and Canada.