We can give insurance policy from insurance company of your choice and will offer 10% discount if policy cost is above RS10,000.
If you are going for a business or pleasure trip we recommend you to have insurance cover. Amount is usually very small for short trip from around RS1,500 to RS5,000 depending on age and duration of trip. This is negligible as compared to your trip cost.
Medical cost in advanced countries like USA is very high, better if you have an insurance policy. However decision is yours.
For Students we request that they should take from a insurance company with which they have a tie up or should pay directly to college. Cost of Indian Insurance companies is comparatively less but we strongly recommend you not to go for it.