Galileo inks pact with Future Generali for travel insurance market

Galileo inks pact with Future Generali for travel insurance marketGalileo, the leading Global Distribution System (GDS), has joined hands with Future Generali to offer best insurance products to the travellers to make travel as convenient as possible.

Galileo's tie up with Future Generali is in line with the company's commitment to launch and introduce value added propositions for the travel agents. The company through its product 'Future Generali Travel Suraksha' will provide risk cover for contingency expenses during overseas travel like medical expenses, financial, and other losses incurred while traveling.

According to the company, the maximum cover for travel insurance is $500,000, but the premium will depend on the age of the traveller, the number of days travelled and country/ countries visited.

Apart from this, the latest tie-up would also provide an opportunity for the travel agents to bundle insurance as part of their package offering to the travellers.

According to a report, the travel insurance business was estimated at Rs 300 crore and Galileo expects that the travel insurance would grow at a rate of 18% annually.

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