The projected values of the overseas travel insurance premiums are as follows (in Billion Indian Rupees): 2024: 6.84, 2025: 7.02, 2026: 7.2, 2027: 7.37, 2028: 7.54. The year-on-year (YoY) variation percentages are: 2024-2025: 2.63%, 2025-2026: 2.56%, 2026-2027: 2.36%, 2027-2028: 2.31%. The compound annual growth rate (CAGR) over the five-year period is approximately 2.5%.
Future Trends to Watch: The forecast indicates a steady growth in the premiums for overseas travel insurance in India, supported by increasing domestic affluence and a growing trend of international travel. Future trends to monitor include potential regulatory changes, macroeconomic factors affecting disposable income, and shifts in consumer preferences towards travel insurance products.
