Lying on the beach with a cocktail in hand and a book in the other is not everybody's idea of a perfect holiday. Some of you may want to climb a mountain or go bungee-jumping. Whether for purely an adrenaline rush or as a part of your fitness regime, adventure or extreme sports holidays are increasingly popular. Not just weekend getaways, people are planning full-fledged vacations where they get a chance to try their hand at challenging activities. However, till the other day, neither your travel insurance plan nor the personal accident plan covered this risk. Last week, Bajaj Allianz General Insurance launched an add-on adventure sports cover with it's Global Personal Accident Plan to fill this gap becoming the only Indian insurer to do so.
"The traditional products available in the market are 40-year-old and fail to cover the new-age risks associated with the changing lifestyle requirements of Indian customers. The new personal accident insurance plan is trying to break the traditional norm of a one-size-fits-all product strategy by allowing the customer the flexibility to choose the terms of their policies based on their requirements," says Abhijeet Ghosh, head, health administration, Bajaj Allianz General Insurance. Apart from adventure sports coverage, the plan offers other unconventional add-ons such as fracture care, EMI payment cover and loan protector cover for an accident.
