Please Wait.....
Report
China Travel Insurance Market By Insurance (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Others), By Travel Type (Domestic, International), By End User (Senior Citizen, Business Travelers, Family Travelers, Others), By Distribution Channel (Insurance Companies, Banks, Others), By Region, Competition Forecast & Opportunities, 2020-2030F
Market Report I 2025-04-25 I 82 Pages I TechSci Research
Market Overview
The China Travel Insurance Market was valued at USD 7.65 Billion in 2024 and is projected to reach USD 13.02 Billion by 2030, growing at a CAGR of 10.06% during the forecast period. Market growth is driven by a surge in both domestic and outbound tourism, rising disposable income, and heightened awareness of travel-related risks. The post-pandemic rebound in travel has increased demand for comprehensive policies covering COVID-19, medical emergencies, cancellations, and lost baggage. Additionally, advancements in digitalization and insurtech have streamlined policy access through mobile apps and online platforms. Government efforts to promote insurance awareness and consumer protection further support industry expansion. Growing demand for travel related to adventure, eco-tourism, and business has also led to an uptick in specialized insurance products. Partnerships between insurers, travel agencies, and airlines are enhancing distribution channels, while competitive pricing and tailored plans continue to attract a broader customer base across China.
Key Market Drivers
Booming Tourism Industry Across the Region
The rapid growth of the tourism sector in China serves as a major catalyst for the travel insurance market. As of 2024, projections indicate that travel and tourism will generate USD 159.94 billion in sales by 2025, with the market expected to reach USD 181.66 billion by 2029. The expanding middle class, coupled with increased disposable income, has led to higher travel frequency for both domestic and international trips. Consequently, the need for travel insurance has become more prominent, especially to mitigate potential financial risks associated with health emergencies, trip disruptions, and luggage loss. Additionally, the resurgence of outbound travel, alongside government-led recovery efforts post-COVID-19, has propelled demand for protective coverage. The widespread use of digital tools has further simplified policy acquisition, while strategic partnerships among insurance firms, airlines, and travel service providers have enhanced accessibility, contributing to stronger market penetration.
Key Market Challenges
Lack of Consumer Awareness
A prevailing challenge in the China travel insurance market is the low level of consumer awareness regarding the significance and scope of travel insurance products. Despite the rapid growth in travel activity, many travelers are not fully informed about the advantages of having insurance coverage or the specific protection offered against medical emergencies, cancellations, or baggage loss. Misconceptions and unfamiliarity with policy terms, conditions, and claims processes often result in low uptake. Additionally, cultural reliance on personal financial support rather than risk-sharing through insurance creates further resistance to adoption. This gap in understanding can hinder the growth potential of the market. To address this, insurance providers must focus on educational initiatives, simplified policy communication, and digital outreach to improve transparency and build consumer trust.
Key Market Trends
Rising Interest in Adventure & Eco-Tourism
The growing popularity of adventure and eco-tourism among Chinese travelers is emerging as a key trend influencing the travel insurance market. As consumers pursue unique experiences such as trekking, diving, mountaineering, and nature exploration, the demand for insurance coverage tailored to these activities is increasing. Standard insurance policies often do not encompass the elevated risks associated with such pursuits, prompting the need for more specialized plans. In response, insurers are offering products that provide protection for extreme sports, environmental hazards, and emergency evacuations. Furthermore, eco-conscious travelers are seeking insurance policies that align with sustainable values, including support for eco-friendly accommodations and environmentally responsible travel options. This shift in consumer behavior is prompting insurers to innovate and cater to these evolving preferences with more niche and customized offerings.
Key Market Players
- China Southern Airlines Company Limited
- China Taiping Insurance (HK) Company Limited
- Pacific Prime China
- AXA China Region Insurance Company Limited
- American International Group, Inc.
- Tata AIG General Insurance Company Limited
- People's Insurance Company of China (Hong Kong) Limited
- Zurich Life Insurance Limited
- HDFC ERGO General Insurance Company Limited
- National Insurance Company Limited
Report Scope:
In this report, the China Travel Insurance Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- China Travel Insurance Market, By Insurance:
o Single-Trip Travel Insurance
o Annual Multi-Trip Travel Insurance
o Others
- China Travel Insurance Market, By Travel Type:
o Domestic
o International
- China Travel Insurance Market, By End User:
o Senior Citizen
o Business Travelers
o Family Travelers
o Others
- China Travel Insurance Market, By Distribution Channel:
o Insurance Companies
o Bank
o Others
- China Travel Insurance Market, By Region:
o South-Central
o South-West
o East
o North-East
o North-West
o North
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the China Travel Insurance Market.
Available Customizations:
China Travel Insurance Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
4.1. Brand Awareness
4.2. Factor Influencing Availing Decision
5. China Travel Insurance Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Insurance (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Others)
5.2.2. By Travel Type (Domestic, International)
5.2.3. By End User (Senior Citizen, Business Travelers, Family Travelers, Others)
5.2.4. By Distribution Channel (Insurance Companies, Bank, Others)
5.2.5. By Region
5.2.6. By Company (2024)
5.3. Market Map
6. China Single-Trip Travel Insurance Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Travel Type
6.2.2. By End User
7. Annual Multi-Trip Travel Insurance Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Travel Type
7.2.2. By End User
8. Market Dynamics
8.1. Drivers
8.2. Challenges
9. Market Trends & Developments
9.1. Merger & Acquisition (If Any)
9.2. Product Launches (If Any)
9.3. Recent Developments
10. Porters Five Forces Analysis
10.1. Competition in the Industry
10.2. Potential of New Entrants
10.3. Power of Suppliers
10.4. Power of Customers
10.5. Threat of Substitute Products
11. China Economic Profile
12. Policy & Regulatory Landscape
13. Competitive Landscape
13.1. Company Profiles
13.1.1. China Southern Airlines Company Limited
13.1.1.1. Business Overview
13.1.1.2. Company Snapshot
13.1.1.3. Products & Services
13.1.1.4. Financials (As Per Availability)
13.1.1.5. Key Market Focus & Geographical Presence
13.1.1.6. Recent Developments
13.1.1.7. Key Management Personnel
13.1.2. China Taiping Insurance (HK) Company Limited
13.1.3. Pacific Prime China
13.1.4. AXA China Region Insurance Company Limited
13.1.5. American International Group, Inc.
13.1.6. Tata AIG General Insurance Company Limited
13.1.7. People's Insurance Company of China (Hong Kong) Limited
13.1.8. Zurich Life Insurance Limited
13.1.9. HDFC ERGO General Insurance Company Limited
13.1.10. National Insurance Company Limited
14. Strategic Recommendations
15. About Us & Disclaimer
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security