UAE flights: Demand for travel insurance up by 150% in three months

UAE flights: Demand for travel insurance up by 150% in three months

Demand for travel insurance among UAE residents rose by 150 per cent in the second quarter of this year as compared to the first, according to leading insurance and financial products marketplace Policybazaar.ae.

Mandatory insurance requirements by several countries, lingering fear of the pandemic and staff shortages in various airports leading to baggage loss are some of the reasons for the significant increase in demand for travel policy.

“One thing the pandemic has taught us is to take necessary precautions,” said Neeraj Gupta, CEO, Policybazaar.ae. “We have seen a rise in travel insurance, especially for Covid or unexpected medical costs and loss or delay of baggage. Baggage coverage is a very important benefit within travel insurance plans, as it can provide monetary assistance when things go wrong with your luggage during a trip.”

The company saw a rise in demand from top tourist destinations such as the USA, Schengen countries, Indonesia and UK amongst others — as the majority of these countries have made travel insurance mandatory along with other valid travel documents. Even those going to countries where travel insurance is not mandatory are opting to buy it due to fears related to Covid-19.

Delayed or lost check-in baggage is one of the