Mumbai, May 15 :    Mumbai, May 15:  Thomas Cook Insurance Services, a wholly owned subsidiary of Thomas Cook India Ltd today announced its entry into the travel insurance segment as the licensed corporate agent for Tata AIG General Insurance Company Ltd. TravelCare, issued by Thomas Cook Insurance Services (I) Ltd will be underwritten by Tata AIG General Insurance. The company will provide exclusive products designed for the traveller, such as insurance cover for hijack, bail bond and a home burglary insurance plan. With the launch of TravelCare, Thomas Cook a leading travel, foreign exchange and travel related service provider, becomes the first in the travel industry to enter the insurance segment and offer a co-branded product. While Thomas Cook transports 20 million customers across the globe, AIG is the largest travel insurer in the world. Speaking on the occasion, Ashwini Kakkar, chief executive officer and managing director, Thomas Cook (I) Ltd called the move a 'synergistic opportunity'. 'It is our constant endeavour to look ahead into the future and understand customer needs, and customise our products and services to meet their requirements,' he said. 'We have drawn on our experience and expertise of the travel space to design TravelCare. There is an immense growth in outbound travel, which will lead to increasing demand for personalised travel insurance plans,' he added. Thomas Cook plans to launch two products initially, TravelCare and FamilyCare, and, at a later stage, introduce ScholarCare. Dalip Verma, managing director, Tata AIG General Insurance said: 'We have customised Travel Care keeping in mind the need for hassle-free risk coverage while travelling overseas.'