More
travel, but not enough insurance
Frequency of international as well
as domestic air travel by residents of smaller cities is in line with metro
residents.
A survey conducted by ICICI Lombard
General Insurance Co. Ltd found that 64% of the respondents based in Ahmedabad
travelled within India. This was 54% for those from Chandigarh. These are at
par with the travellers from metros Mumbai (61%) and Kolkata (54%). For
overseas travel as well, while 87% of the Chandigarh based respondents said
they travelled abroad once a year, the number was a similarly high 86% in
Ahmedabad.
Mumbai, however, had the most overseas
travellers—92%. Of the five cities in the survey, the lowest numbers came from
Hyderabad—63%. The above study was conducted with 1,063 respondents from
Mumbai, Kolkata, Hyderabad,
Ahmedabad and Chandigarh, and who
have travelled to international as well as domestic locations. The two biggest
reasons behind increased frequency of travel to foreign destinations were more
trips during weekends or short holidays (56%) and off-season discounts (39%
travellers).
For a higher number of domestic
tours, more than half the people said the reasons were unplanned trips (57%)
and deals (53%). Low travel fare was not an important factor for domestic
travel. Irrespective of the destination, most people prefer to take a holiday
for 4-7 days. Only a few wanted to be away for more than 10 days at a time (8%
respondents for foreign travel and 9% for domestic tours).
The trips are funded mostly through
savings (said 89% of the respondents). Only a few—16%—used their salary bonus.
While online and offline self-booking is popular in India, the local travel
agent remains the most favoured window.
Frequency of
international as well as domestic air travel by residents of smaller
cities is in line with metro residents. A survey conducted by ICICI
Lombard General Insurance Co. Ltd found that 64% of the respondents
based in Ahmedabad travelled within India. This was 54% for those from
Chandigarh. These are at par with the travellers from metros Mumbai
(61%) and Kolkata (54%). For overseas travel as well, while 87% of the
Chandigarh based respondents said they travelled abroad once a year, the
number was a similarly high 86% in Ahmedabad. Mumbai, however, had the
most overseas travellers—92%. Of the five cities in the survey, the
lowest numbers came from Hyderabad—63%.
The above study was conducted with 1,063 respondents from Mumbai,
Kolkata, Hyderabad, Ahmedabad and Chandigarh, and who have travelled to
international as well as domestic locations.
The two biggest reasons behind increased frequency of travel to foreign
destinations were more trips during weekends or short holidays (56%) and
off-season discounts (39% travellers). For a higher number of domestic
tours, more than half the people said the reasons were unplanned trips
(57%) and deals (53%). Low travel fare was not an important factor for
domestic travel.
Irrespective of the destination, most people prefer to take a holiday
for 4-7 days. Only a few wanted to be away for more than 10 days at a
time (8% respondents for foreign travel and 9% for domestic tours). The
trips are funded mostly through savings (said 89% of the respondents).
Only a few—16%—used their salary bonus. While online and offline
self-booking is popular in India, the local travel agent remains the
most favoured window. While 78% of those who travelled abroad (total:
728) did the bookings through an agent, 69% of domestic travellers
(total 460) among the respondents did so.
photo
Travel insurance, however, remains a weak point. While almost all the
respondents said they were aware of overseas travel insurance and 88%
said they considered it essential, only a few—38%—had actually bought
travel insurance. City-wise, many travellers from Hyderabad bought
travel insurance (about 115 of 165 respondents). But only 9% of those
from Ahmedabad (131) did so. Domestic travel insurance is even less of a
priority in all terms. While 86% said they knew about it, only 64%
thought it essential. So, it’s not surprising that only 4% respondents
said they had actually bought travel insurance for domestic trips. The
trend was uniform in all cities, with more than 94% travellers from each
city having not bought any travel insurance. Most said that it wasn’t
really needed for travel within India (58%), and that medical insurance
would suffice (23%). In fact, 30% of those who travelled abroad said
travel insurance had nothing to do with medical support.
Read more at: http://www.livemint.com/Money/NdGrKPiI2M64Rz9ENs5WTL/More-travel-but-not-enough-insurance.html?utm_source=copy
Read more at: http://www.livemint.com/Money/NdGrKPiI2M64Rz9ENs5WTL/More-travel-but-not-enough-insurance.html?utm_source=copy
While 78% of those who travelled
abroad (total: 728) did the bookings through an agent, 69% of domestic
travellers (total 460) among the respondents did so. photo Travel insurance,
however, remains a weak point.
While almost all the respondents
said they were aware of overseas travel insurance and 88% said they considered
it essential, only a few—38%—had actually bought travel insurance. City-wise,
many travellers from Hyderabad bought travel insurance (about 115 of 165
respondents).
But only 9% of those from Ahmedabad
(131) did so. Domestic travel insurance is even less of a priority in all
terms.
While 86% said they knew about it,
only 64% thought it essential. So, it’s not surprising that only 4% respondents
said they had actually bought travel insurance for domestic trips. The trend
was uniform in all cities, with more than 94% travellers from each city having
not bought any travel insurance.
Most said that it wasn’t really
needed for travel within India (58%), and that medical insurance would suffice
(23%). In fact, 30% of those who travelled abroad said travel insurance had
nothing to do with medical support.
md./aquil alam
pgdm 2nd year
iimt college of management
very increase india domestic air ways indian people move foe air traveling so indian air ways give a insurance wiyh a fare so is very easily aad to fire of insurance charge so is very important for people .
ReplyDeletebecause people are esily move