Allianz to offer space travel insurance

Richard Branson’s Virgin Galactic plans to send 450 into space in 2012, each paying $200,000 for five-minute trips into sub-orbital space.

Allianz will offer space travel insurance, although price and cover is being kept secret in case rivals want the market too.

No insurer is going to make much money out of it, but it has huge global publicity value.

The policy is likely to include medical cover.

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