Tuesday, March 2 2010 10:23
"STANDART+SPORT" insurance from INGO-Armenia
ArmInfo. In January 2010 "INGO ARMENIA" launched a new "STANDART SPORT" travel insurance product for tourists who go abroad for active rest. Demand for the product had been observed for a long time and during the winter holidays it became one of the most essential products. Earlier the Company performed travel insurance by three programs with appropriate range of insured risks: ECONOM, STANDART and BUSINESS, the official website of the company reports.
The company covers the following risks through the program "ECONOM": medical costs, medical and transportation charges, assistance expenses and posthumous repatriation expenses. "STANDART" insurance covers the risks of the "econom" program as well as transportation charges and organization of juridical consultations. Alongside with the above risks, "BUSINESS" program covers also expenses related to baggage loss/damage and amateur sports injuries.
The originality of "STANDART SPORT" travel insurance program is the cover of expenses related to in amateur sports injuries alongside with the risks covered by "STANDART" insurance program. Average cost of one-week insurance, which covers risks of traumatic sports activity, is EUR 20 for a limit of indemnity up to EUR 30'000 or USD 50'000.
It should be noticed, that "INGO ARMENIA" is the market leader both by total collected insurance premiums and by the segment of travel insurance. In particular during 2009 the Company has collected almost AMD 80 million insurance premiums by 12.5 thousand insurance policies
issued.