Travel insurance from cash at your fingertips

Prepare a trip is not always easy, it takes time to achieve everything and avoid forgetfulness. Finish the bag, tickets, confirm hotel booking, sightseeing? There are always last minute details. Cross your fingers that nothing is forgotten, but before leaving home he realizes something is missing, the travel insurance.

Now this red herring is a quick and easy solution thanks to the initiative and Bankia Mapfre, an insurance policy that allows travel assistance through the 3,000 ATMs of the entity from Caja Madrid, and not the other supermarkets that Bankia has distributed about 7,700. Not only Bankia card customers can access these features, you can also go to anyone regardless of their ATM bank.

With this initiative, Mapfre and Bankia continue investing in innovation from that in 2010 began the pilot exclusively through a self-service kiosks in Terminal 4 of Barajas Airport. Are also present in the T2 and T3.

During the six months of the start of the project and so far, there have been estimates 6500 prices travel insurance in Bankia ATM Terminal 4. "This initiative offers a new level of coverage to our customers at the time when they need it and in the environment where it is most convenient for them, before starting a journey," said Juan Manuel last year Hull Nieto, director innovation area Caja Madrid, to publicly release the service.

Due to the success generated during the initial test of 2010-the year 9% of policies are made through this channel-Bankia, the alliance led by Caja Madrid, Bancaja and five boxes, and Mapfre confirm its commitment to this program to increase the number of self-service machines that do this and that has prevailed in both program design and structure of the tellers, ease, immediacy and empower customer service. For now, Bankia has invested 92,000 euros in the project, 65% of initial cost. And intends to incorporate the mobile service.

The minute

In just three minutes can be hired for 1.90 euros per person per day, the basic insurance for a trip to Spain to cover incidents such as loss of baggage, compensation for delay or loss of the flight. For example, delay or loss of aircraft insurance compensates us with 180 euros.

If you prefer, you can expand insurance coverage to medical care, especially for certain destinations, Mapfre should hire plus mode that includes up to 30,000 euros to cover the medical expenses.

The resulting price of the policy varies by destination: Spain, Europe or elsewhere in the world. A trip to Italy of 10 days with the basic mode would cost 31.90 euros per person. However, if you want a full travel insurance elsewhere in the world, the rate is from 6.30 euros per person per day. Excluded from the program those that the Ministry of Foreign Affairs advised not to travel or who are in conflict, such as Pakistan, Afghanistan, Iraq and Yemen.

The hiring process is very simple, just four steps. First, select the type of insurance that interests you, then the travel destination and thirdly, the dates of departure and return and enter the ID or passport of travelers, and finally, pay by credit card.

After these steps to obtain the insurance receipt printed with all the details of the contract. Policy will also receive full email indicated all the information necessary for the client in case of impact.

The hiring of these travel insurance joins the rest of operations can be performed through the usual ATM, and withdraw money, update or reload mobile cards.

Travel policies grow through tourismThe number of travel assistance insurance increased by 3% in 2011, after two years of falls: 7.2% in 2009 and 2.1% in 2009.This increase is due to the growth of tourism and increase the part of customers, procurement travel insurance, especially for long distance journeys. The 15 institutions currently operating in the sector have achieved a premium turnover of 140 million euros, according to the latest report published by DBK, a Spanish company specialized in the sector analysis.
Despite these positive data, the economic slowdown this year will continue to affect the hiring of new travel insurance policies.Still, expectations are positive thanks to the good role played by travel agencies as prescribers.