Have a safe trip-travel insurance surges | #AsiaNewsNetwork

Popularity due to exotic destinations and more expensive items in suitcases Nobody likes to think of the worst happening on their holiday-getting sick, bad weather, accidents or robberies. But thanks to potentially eye-watering medical bills, suitcases packed with ever-more expensive gadgets, and a boom in the number of seniors jetting away, Chinese tourists are protecting themselves with more travel insurance than ever before. In 2018, the number of Chinese travelers who bought travel accident insurance for outbound trips jumped nearly 20 percent year-on-year, according to a report by Ctrip.com International Ltd, China's largest online travel agency by revenue. In terms of payouts, 46 percent of money went to compensating travel schedule changes, 35 percent was for travel delays, and 15 percent for medical care costs, said Ctrip. The report found overseas trips to be more risky than domestic trips. Some long-distance overseas destinations, such as the United States, Canada, New Zealand, as well as tropical islands, saw higher actual risk probabilities. Read more here >>>

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