Bus Insurance for Rs 20 Introduced by Abhibus in Long Distance Travel

Do you believe that long road journeys are peril prone? Well, now you can insure yourself on bus journeys for as little as Rs 20. Abhibus.com, an online bus ticket booking agency brings this first-of-its-kind facility in collaboration with ICICI Lombard General Insurance Company.

While booking bus tickets on the website clients will have the option of securing their trip with ICICI Lombard Travel Insurance policy. Premium is a flat Rs 20 per person, irrespective of ticket cost. The bus travel insurance policy would cover hospitalization expenses up to Rs 1.5 lakhs or provide personal accident cover of Rs 2 lakhs. The policy will also pay Rs 500 per day as a daily allowance (except for the first 24 hours) in case of hospitalization for a maximum of 7 days.

This is perhaps the first domestic travel insurance policy in India. Details of policy features, conditions under which claims can be rejected, etc are not available yet. The product is a superb one and ICICI Lombard has good track record, yet its success will depend on whether customers are able to get claims settled satisfactorily.

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