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IntrCity by RailYatri, ICICI Lombard & Marsh join hands to provide insurance cover worth 5 Lacs for IntrCity SmartBus Travelers

Posted On: 2019-11-20 12:47:46

Continuing its journey to provide the best possible service to its travelers, IntrCity by RailYatri has announced its association with ICICI Lombard and Marsh to provide travel insurance cover worth Rs. 5,00,000 to all SmartBus Passengers. This group travel insurance will be available to the travelers of RailYatri starting from Nov' 2019. The coverage will comprise of hospitalization expenses for injury and personal accident.

Commenting on the addition of the new service, Manish Rathi, CEO and Co-Founder, RailYatri said, "IntrCity SmartBus is built on three core promises - On-time performance, Safety and Personalised Assistance. While we have also taken enough steps to ensure safe journey by installing IoT devices, 24x7 Command Centre but we nevertheless felt that it is important to provide insurance cover for every traveler. The group insurance covers, for IntrCity SmartBus travelers, are our way to go a step further in taking ownership of the responsibility that our passengers give us whenever they travel with us. This is a step towards providing a holistic service to our passengers and guarantee their safety and to that effect we will be announcing some more exciting features to our buses in the near future."

Ensuring safety and standardized services to passengers, all IntrCity SmartBus are equipped with train like comfortable berths, free Wi-Fi, on-board entertainment, onboard washroom, real-time online streaming of live location, CCTV cameras, clean linen, mineral water just to name a few. Talking about the future plans, according to Mr. Rathi, "We have recently added an innovative AI enabled Driver Alert system and in the near future, we will also be adding mandatory alcohol tests on all our buses."

On the association Sanjeev Mantri, Executive Director, ICICI Lombard said, "We are delighted to be associated with RailYatri's unique initiative. At ICICI Lombard, we have developed comprehensive travel insurance solutions that address the specific needs of travelers, be it while traveling via air, rail or road. We look forward to offering our innovative travel solutions to RailYatri's customers and thereby enabling them to experience hassle-free travel, well secured with our travel insurance solutions.

Mr. Suresh M, CEO, Marsh Consumer Business said, "Developing solutions that resonate with RailYatri's comfortable & safe philosophy was an interesting journey. We were able to arrange products which are scalable and support RailYatri's growth plans. We are delighted to be part of this association."

IntrCity by RailYatri has successfully launched the IntrCity SmartBus service on some popular routes starting from Delhi to Lucknow, Kanpur, Shimla, Chandigarh, Amritsar, Ludhiana, Jalandhar, and Manali and have expanded further in to Bangalore, Chennai, Hyderabad, Mumbai, Vijaywada, Madurai and Coimbatore. RailYatri as a platform is focused at making intercity travel hassle free through their multi-modal offering.

Shares of ICICI Lombard General Insurance Company Ltd was last trading in BSE at Rs.1340.8 as compared to the previous close of Rs. 1351.35. The total number of shares traded during the day was 9046 in over 950 trades.

The stock hit an intraday high of Rs. 1359 and intraday low of 1336.35. The net turnover during the day was Rs. 12143214.


Source: Equity Bulls

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