Indians are travelling again after a two-year lull. Alongside rising demand for overseas tickets, online insurance portals have seen demand for travel insurance also shoot up in recent months.
Amit Chhabra, head-health and travel insurance, PolicyBazaar, says, “We have seen a 40 per cent increase in the sale of travel insurance between March and April. A similar jump happened between January and March this year.”
One regulatory development has also given fresh impetus to the sale of travel insurance.
Naval Goel, chief executive officer and founder of PolicyX.com, says, “The Insurance Regulatory and Development Authority of India has made it mandatory for these