Indian Travel Insurance Adoption Soars 43% Amid Rising Risk Awareness

• Indian travelers' adoption of travel insurance surged by 43% year-on-year, driven by increased risk awareness.
• This behavioral shift sees insurance as essential, not optional, especially among young travelers and first-time flyers.
• Niyo data shows 86% opted for a Rs 50,000 cover, popular for budget-friendly Asian destinations like Thailand, UAE, Indonesia, and Vietnam.
• Rising overseas healthcare costs, flight disruptions, and general travel uncertainties are key contributors to this demand.
• Digital banking has made insurance more visible and accessible, treating it with the same importance as passports and tickets, says Vinay Bagri, Niyo CEO.

Why It Matters: Indian travel insurance adoption jumped 43%, reflecting a crucial shift towards essential protection for trips.