According to the Policybazaar Holiday Travel Trends 2024 report, Thailand and the United Arab Emirates accounted for 23 per cent of global travel insurance policies sold on their platform. Demand for higher coverage of $250,000 and above is growing. Travellers are also increasingly opting for add-ons covering refunds, adventure sports, and cyber fraud. Before heading abroad, ensure your travel insurance policy offers all essential coverage and has an adequate sum insured.
Key considerations for deciding coverage Age: Coverage requirements vary with age; older travellers need higher medical protection. Trip duration: "A longer trip requires more extensive medical coverage," says Jaideep Deorukhkar, vice-president and national sales manager-agency travel, Tata AIG.
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This holiday season, Indian travellers are likely to flock to short-haul destinations.
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