Travel Insurance Sales Soar 43% YoY, First-Time Flyers Lead Surge

• India's travel insurance sales surged 43% YoY, with 11,979 policies sold Jan-Oct 2025, driven by first-time flyers and short-haul leisure travelers.
• Solo travelers, especially GenZ and millennials, accounted for 63.8% of trips abroad, indicating a shift towards financial maturity.
• Most travelers (86%) opted for a Rs 50,000 cover; Delhi, Bengaluru, and Mumbai led insurance adoption.
• Thailand and UAE are top destinations, benefiting from easy visa policies and affordability, driving policy volumes.
• While shopping remains the top spending category abroad, its share is declining as travelers spend more on dining, transport, and experiences.

Why It Matters: Indian travel insurance sales jumped 43%, fueled by new flyers and growing financial awareness.