Asian countries such as Thailand, UAE, Indonesia, and Vietnam continue to drive the highest volume of policies, primarily due to high travel frequency and affordable flight routes.
Niyo, a global travel banking fintech, reported a jump in travel insurance adoption among Indian travellerspronounced among young travellers, first-time flyers, and those undertaking short-haul leisure trips, signalling a more financially responsible and protection-oriented mindset. Niyo’s data further shows that 86% of travellers opted for ₹50,000 insurance cover, a bracket typically chosen by those travelling to budget-friendly Asian destinations.
This trend highlights an important behavioural change: even travellers on short, low-budget trips are no longer willing to take the risk of going abroad without insurance. Asian countries such as Thailand, UAE, Indonesia, and Vietnam continue to drive the highest volume of policies, primarily due to high travel frequency and affordable flight routes. At the same time, long-haul destinations like the United States see consistently strong insurance adoption, driven by far higher medical costs, stricter travel norms, and greater exposure to flight disruptions.
Commenting on the findings, Vinay Bagri, Co-founder and CEO of Niyo, said, “Today, travellers especially younger ones are actively choosing it even for short-haul Asia. This is a major behaviour shift and a sign of growing financial maturity. Indians are increasingly realising that a single medical emergency or flight disruption abroad can translate into significant financial loss without insurance.”
Great article highlighting a crucial shift towards financial responsibility among Indian travelers! It’s impressive to see such high adoption rates for travel insurance, especially for short-haul trips to budget-friendly Asian destinations.
This data really underscores the importance of being protected against unforeseen medical costs and travel disruptions. It makes me wonder, though, how do these trends and insurance needs compare for travelers heading to a high-cost destination like the United States? I recently read a very detailed guide on the specific challenges and necessary coverage for medical insurance there, which provided a stark contrast. Sorry for the link, but it really helps illustrate the point I’m curious about: https://pillintrip.com/es/article/medical-insurance-for-usa-travelers-and-relocants-your-complete-protection-guide
Based on the data from Niyo, are you seeing a different profile or much higher coverage amounts being purchased by Indian travelers planning trips to the US versus those traveling within Asia? Thanks for the insightful data!