Thomas Cook India enters into distribution of General Insurance Products
by admin on Dec.01, 2011, under Travel insurance
Thomas Cook India Limited has entered into a tie up through its subsidiary company ‘Thomas Cook Insurance Services (India) Limited’ as a corporate agent of Bajaj Allianz General Insurance Company Limited. This partnership allows Thomas Cook to offer travel insurance and other general insurance products from Bajaj Allianz to its vast customer base, across the country.
Mr.Madhavan Menon, Managing Director - Thomas Cook India Limited said, “We are proud to be associated with Bajaj Allianz, and our tie up will enable us offer a truly diverse range of customer-centric insurance products - customized and bundled travel insurance, motor insurance, health insurance and other general insurance products (both retail and corporate) to our customers countrywide. This association also gives our customers access to superior customer and claim settlement service that Bajaj Allianz is known for.”
He added, “In keeping with our focus on innovation, this tie up is a continuum of expansion in our product-service portfolio even beyond the travel related financial services domain.”
The Thomas Cook India stock was trading at Rs.39.35, down by Rs.2.15 or 5.18%. The stock hit an intraday high of Rs.41.75 and low of Rs.39.10.
The total traded quantity was 1.27 lakhs compared to 2 week average of 3.98 lakhs.
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