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2023

India Travel Insurance Market

India Travel Insurance Market Size, Share, Competitive Landscape and Trend Analysis Report by Insurance Cover, by Distribution Channel, by End User, by Age Group : Opportunity Analysis and Industry Forecast, 2021-2031

BI : Banking

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Author's: Kanhaiya Kathoke| Sourabh Ekre | Onkar Sumant
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Report Overview

The report highlights numerous factors that influence the growth of the India travel insurance market such as market demand & forecast and qualitative and quantitative information. The qualitative data of market report includes key regulations, macroeconomic factors, micro economic factors, key impacting factors, company share analysis, market dynamics & challenges, strategic growth initiatives, and competition intelligence.

In term of quantitative analysis, AMR offers market sizing in terms of value. Furthermore, the study covers market forecast till 2031 along with its compound annual growth rate at segment and country level. Along with this, key market trends and Y-O-Y are covered under the same section/analysis.

Key Developments

Top winning strategies are analyzed by performing a thorough study of the leading players in the India travel insurance market. Comprehensive analysis of recent developments and growth curves of various companies help to understand the growth strategies adopted by them and their potential effect on the market. The analysis indicates the performance potential of a firm in the market with respect to its competitors. The companies were evaluated depending on annual reports, SEC filings, and press releases.

India Travel Insurance Market
By Insurance Cover
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Long-Stay Travel Insurance segment held the major share of 23.1% throughout the forecast period.

COVID-19 Impact Analysis

The eruption of the COVID-19 pandemic is projected to have a huge impact on the economic and social development. Therefore, the report portrays micro and macro economic analyses. The report further provides a qualitative analysis of impact of COVID-19 on the India travel insurance market. Moreover, the study emphasizes on the market size and share, which will reflect the impact that COVID-19 has had on the India travel insurance market in 2021 and is likely to have in the subsequent years. In addition, the report outlines the key strategies adopted by key players during the global health crisis. Moreover, it provides a framework on the impact of COVID-19 on the supply chain. Moreover, the roll-out of vaccines and decline in chance of infection are expected to influence the India travel insurance market growth. Therefore, the report provides post COVID-19 impact analysis.

Segmental and Competition Dashboard

In the segmental analysis chapter, the report provides key trends, dynamics, qualitative and quantitative information related to each product segment. The report segments the India travel insurance market based on insurance cover, age group, distribution channel, end user.

Competition dashboard offers key information related to market structure and market share analysis for top 10 players. Along with this, company profiles will be covered under same section, which includes company description, production capacities, supply origin, sales structure, financial analysis, and key developments. The report further features these companies in the competitive landscape chapter, which covers product mapping of top 10 players, competitive dashboard, competitive heat map, and key developments for recent years.

Key Data Points included in India travel insurance market

  • The India travel insurance market analysis covers detailed information pertaining to industry and major industry participants.

  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

  • The report outlines the current market trends and future scenario of the India travel insurance market to understand the prevailing opportunities and potential investment pockets.

  • The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.

India Travel Insurance Market Report Highlights

Aspects Details
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By Insurance Cover
  • Single-Trip Travel Insurance
  • Annual Multi-Trip Travel Insurance
  • Long-Stay Travel Insurance
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By Age Group
  • 1-17 Years Old
  • 18-30 Years Old
  • 31-49 Years Old
  • Above 50
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By Distribution Channel
  • Insurance Intermediaries
  • Insurance Companies
  • Banks
  • Insurance Brokers
  • Insurance Aggregators
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By End User
  • Senior Citizens
  • Education Travelers
  • Business Travelers
  • Family Travelers
  • Others
Author Name(s) : Kanhaiya Kathoke| Sourabh Ekre | Onkar Sumant

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India Travel Insurance Market

Opportunity Analysis and Industry Forecast, 2021-2031