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Policybazaar.ae Sees A Surge In UAE Residents Buying Travel Insurance

Policybazaar.ae Sees A Surge In UAE Residents Buying Travel Insurance

  • People are buying travel insurance to shield against Covid and baggage loss
  • Travel Insurance now almost a mandate at all major tourist destinations

UAE – July 21, 2022: Policybazaar.ae, a leading insurance and financial products marketplace announced that there has been a significant rise in demand for travel insurance in FY21-22 in the UAE. The fintech company saw a 150% increase in sale of travel insurance policies where travelers bought more policies in Quarter 2 in comparison to the Quarter 1 of 2022. The company saw a rise in demand from top tourist destinations such as the USA, Schengen countries, Indonesia, UK amongst others – as majority of these countries have made travel insurance mandatory along with other valid travel documents.

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