Thomas Cook India and SOTC Travel Launch Unique Visa Rejection Cover for Travelers
Thomas Cook (India) Limited and its group company, SOTC Travel, have introduced a unique and pioneering insurance solution, the Trip cancellation due to Visa Rejection Cover. The initiative aims to provide financial protection to travelers against non-recoverable losses stemming from visa rejections, positioning the companies as leaders in the Indian travel and travel insurance sector.The launch addresses a critical, long-standing customer concern: potential non-refundable losses when a visa application is denied. The specialized insurance product is underwritten by ICICI Lombard.
Under the terms of this cover, if a customer's visa application, excluding immigrant or employment visas, is rejected, the company will indemnify the insured for non-recoverable advance payments. This protection specifically covers expenses related to accommodation and travel, including any applicable official cancellation charges. This measure strengthens the overall value proposition of both Thomas Cook and SOTC across various travel segments.
The Trip Cancellation due to Visa Rejection Cover is available across a wide spectrum of travel offerings, including Group and FIT tours, as well as MICE and corporate travel businesses, ensuring comprehensive protection for diverse customer categories.
Abraham Alapatt, President and Group Head - Marketing, Service Quality, Value Added Services & Innovation at Thomas Cook (India) Limited and SOTC Travel, stated that financial protection is a critical component in today's global travel environment. He noted that because visa decisions are beyond a traveler's control, a rejection can carry significant financial consequences.
Alapatt added that the Visa Rejection Cover was designed to address this specific gap by providing structured protection against non-refundable losses. He emphasized that as one of the first travel companies to introduce dedicated visa rejection coverage, the initiative underscores the companies' commitment to providing greater confidence and peace of mind for travelers planning their journeys.
Thomas Cook (India) Limited, which was established in 1881, operates as a leading omnichannel travel company, offering a range of services including Foreign Exchange, Corporate Travel, MICE, and Leisure Travel. SOTC Travel Limited, a leading omnichannel travel and tourism company, reinforces this market presence.
THOMASCOOK Stock Price Movement
Today, Thomas Cook (India) Limited shares shed 5.34% to close at ₹104.89, seeing a significant drop of ₹5.92 during the trading session. The stock settled with a total traded volume of 1.78 million shares.Source:
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