92% intend to purchase travel insurance for their next international trip: ICICI Lombard

Sheena Kapoor – Head Marketing, Corporate Communications & CSR, ICICI Lombard, said, “These statistics underline a growing consciousness among travelers to safeguard their travel experiences and protect themselves against unforeseen events. It is indeed encouraging to see that travel insurance is no longer an afterthought but a proactive choice for a majority of respondents. Additionally, the correlation between family stages and travel insurance awareness is a noteworthy discovery, demonstrating that individuals are increasingly recognising the importance of securing their travel plans, particularly as they progress through various life stages."

Respondents with kids more inclined to have more than 2 trips a year

Comparing age groups, 61 percent in the middle age group tend to take 2 or more trips in a year which reduces to 1 in 3 in the 45+ age group

Respondents travelling once a year tend to have slightly longer duration trips –average. 13-14 days while those taking 2 or more trips avg. at 11-12 days on their latest trip

Single travellers tend to take 1 trip a year (55 percent)

2 in 5 have faced an issue while planning their latest international travel

Customers married without kids seemed to have faced the most issues with their planning (48 percent)

While applying for visas and finalising booking (51 percent each) are the biggest issues faced by the younger age group, the middle age group struggles with airline booking and arranging logistics between cities (48 percent each). Travel insurance issues are lowest among both age groups.

Logistics between cities is a highly faced issue irrespective of the booking medium used