Millennials Travel: Travel Insurance Soars as Millennials Lead Summer Travel Surge, ET TravelWorld
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Millennials are leading the 2025 summer travel season, comprising 51.12 per cent of total travellers, followed by Gen X at 19.31 per cent and Gen Z at 18.39 per cent, according to exclusive data from Policybazaar.com. Baby Boomers maintain a modest share of 11.15 per cent, possibly due to health and mobility constraints.Travel destinations continue to show a global spread, with the United States topping the international chart at 5.23 per cent of bookings. France (4.63 per cent), Singapore (4.61 per cent), Switzerland (4.53 per cent), and Thailand (3.69 per cent) round out the most popular destinations. However, when comparing broader regions, Asia leads with 36.57 per cent of summer travel bookings, outpacing Europe at 31.77 per cent.A significant shift has been observed in the approach to travel insurance. In 2024, just 24 per cent of travellers booked insurance early. In 2025, that figure has risen sharply to 76 per cent, marking a 100.3 per cent growth in early bookings. The surge is attributed to increased risk awareness and visa requirements for several destinations.Travel insurance coverage preferences are also evolving. Around 62 per cent of travellers now opt for policies offering USD 250,000 or more, compared to the previously typical USD 100,000 coverage.Adventure sports add-ons have become increasingly popular, with 84 per cent of add-on purchasers choosing this rider, reflecting the growing appeal of activity-focused travel. Other notable choices include visa fee refund riders (9 per cent) and pre-existing disease cover (6 per cent).Family travel saw a 6 per cent increase, coinciding with school holidays, yet awareness around paediatric insurance coverage remains limited. Many policies offer minimal coverage for children, particularly for congenital or pre-existing conditions, underlining the importance of detailed plan review.Solo and group travel bookings rose by 9.6 per cent and 9.3 per cent, respectively, in April 2025. The average trip duration across all traveller categories ranges from 17 to 18 days.Meet Kapadia, Head of Travel Insurance at Policybazaar, commented, 'Travel insurance is no longer seen as optional. It's now becoming a must-have part of planning any trip. 62 per cent of travellers are now opting for coverage of USD 250,000 or more, showing a clear preference for stronger protection and peace of mind over just saving on cost.'
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