Get Insured Against Kidnapping
The product development guys at general insurance companies in India seem to be working overtime on developing localised products. A result of this effort is the new Kidnap, Ransom and Extortion Insurance (Tata AIG) the company is offering now. It focusses mostly on the northern region of the country where kidnapping is a well-developed industry.
It surely seems to be a first of its kind in India and with the so many kidnappings happening it also seems to be well timed.
Check out some of the product features:
- Worldwide Coverage, Actual Ransom Payment, In Transit Loss of Monies Expense, Expert Consulting/Negotiating Fees and Expenses, Defense Costs/Judgements and Settlements, Death or Dismemberment During an Incident.
- Policies can be customized to meet specific client needs. All products are offered on a worldwide basis in any jurisdiction except where prohibited by law.
NDTV reports that “insurance companies will send their representatives to pay the ransom“. Any one up for the job? Surely, the kidnappers will be happy…now, they don’t have to worry about not getting the money! I wonder what the police walas have to say about this.