German Insurance Giant to offer Space Travel Insurance

German insurance giant Allianz group will offer insurance to the space travelers. The new space travel policies will coincide with the launch of Virgin Galactic first flight. Looking at the potential boom in space tourism in the coming years, the decision doesn’t come as a surprise to experts. More than 450 people have already reserved their seats at the rate of $200,000 for 5 minutes of sub orbital trip, Allianz is looking to foray into this lucrative new segment of traveling. "We are looking into space tourism as a new market for the next generation of travelers." said Erick Morazin, the Allianz account director in charge of this new endeavor. More at:

1 comment:

  1. This is good news for insurance world.The travel insurance will take care of loss of passport, trip delays, medical expenses, baggage losses, trip cancellation, personal accident and many other such issues that may occur while you are on your foreign tour for leisure or business..