Rupee Fall May Make Travel Insurance Soar
Subir Bhattacharyya, General Manager at National Insurance, says that the rupee downfall has prompted the industry to revise its travel portfolio. TOI quoted Bhattacharyya saying, "It is certainly affecting our margins."
The period between April-June is viewed as the ideal time for seeking travel insurance and this is estimated to be around 
250 crore. However, the worrisome factor is that as industry analysts are predicting that the rupee might touch 60-mark, this can lower the projected profit.
Karan Chopra, Member of Executive Management and Head (Retail Business) at HDFC Ergo, says, "Since almost all claims in travel insurance are denominated in foreign currency, the claim amounts would go up in case the rupee depreciates. If the depreciating trend continues, premiums may need to be revised upwards."
