Forecast: Gross Premium of Private Domestic Travel Insurance in India

Year-on-Year Variations:

  • 2024: 289.4 million INR
  • 2025: 297.79 million INR (2.90% YoY)
  • 2026: 306.01 million INR (2.76% YoY)
  • 2027: 314.07 million INR (2.63% YoY)
  • 2028: 321.96 million INR (2.51% YoY)
Compound Annual Growth Rate (CAGR) from 2024 to 2028: 2.70%

Future Trends to Watch: The steady increase in the gross premium for private domestic travel insurance in India, reflected in the consistent CAGR of 2.70%, indicates a stable market. Future trends to watch include the impact of technological developments such as digital insurance platforms and the growing adoption of travel habits among Indian consumers, potentially driving further growth.

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