India Travel Insurance Market Share, Size, Growth, Trends and Forecast
Growth in tourism and rising concerns for security are boosting the growth of the travel insurance market in India during the forecast period. According to TechSci Research report, “ India Travel Insurance Market By Type, By Source, By Insurance Cover, By User, By Location, Competition, Forecast & Opportunities, 2024 ” , India travel insurance market is expected to grow at a CAGR of around 12% during the forecast period on account of increasing concern for safety and security. Moreover, increase in the tourist traffic, rising natural calamities, medical emergencies, and the rise in the occurrence of loss of luggage and important documents are the other key factors that are propelling the growth of the travel insurance market in India. Furthermore, owing to the benefits offered under a travel insurance policy, more people are looking forward to getting their trip insured, before leaving for vacation, thereby fueling growth in the market. Since most travele...