Vietnam Travel Insurance Market Size, Share, Trends and Forecast by Insurance Type, Coverage, Distribution Channel, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A42878

Vietnam Travel Insurance Market Overview:

The Vietnam travel insurance market size reached USD 88.40 Million in 2024. The market is projected to reach USD 221.23 Million by 2033, exhibiting a growth rate (CAGR) of 10.73% during 2025-2033. The market is fueled by rapid digital transformation and technological integration across the insurance sector. Apart from this, rising awareness and demand for travel protection following COVID-19, are facilitating market expansion. Additionally, the growing significance of cashless hospital admission services and enhanced mobile app-based policy issuance is augmenting the Vietnam travel insurance market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 88.40 Million
Market Forecast in 2033	USD 221.23 Million
Market Growth Rate 2025-2033	10.73%

Vietnam Travel Insurance Market Trends:

Digital Transformation and Technological Integration

The industry is experiencing a revolutionary shift through comprehensive digital transformation initiatives that are reshaping how policies are issued, managed, and claimed. Insurance companies are leading this transformation by rolling out sophisticated mobile applications with on-demand quote generation, instant policy issuance, and integrated cashless claims networks. Moreover, continual technological advancements, including the utilization of artificial intelligence for fraud detection, automated underwriting processes, and real-time risk assessment capabilities, are significantly enhancing operational efficiency. Digital platforms are enabling insurers to reach broader customer segments through multiple touchpoints, including social media integration, mobile-first interfaces, and API-based partnerships with travel booking platforms. Apart from this, the integration of blockchain technology for claims verification and smart contracts for automatic policy execution is further streamlining operations while reducing administrative costs and processing times for customers.

Post-COVID Awareness and Protection Demand

The global pandemic has fundamentally transformed consumer attitudes toward travel insurance, creating a sustained surge in awareness and purchase intentions that continues to drive market expansion across Vietnam. According to an industry survey revealed that about 78% of surveyed Vietnamese travelers expressed intentions to buy travel insurance for their post-COVID journeys, highlighting a remarkably strong awareness that continues to remain evident through 2025. This heightened consciousness stems from travelers' direct experience with trip cancellations, medical emergencies abroad, and the financial vulnerabilities exposed during global travel restrictions. Vietnamese travelers now prioritize comprehensive coverage that includes medical evacuation, trip interruption, and pandemic-related cancellations as essential components rather than optional add-ons. Insurance providers have responded by developing specialized products that address COVID-19 concerns while expanding coverage to include mental health support, extended quarantine expenses, and flexible cancellation policies. The demand for travel protection has evolved from price-sensitive purchasing to value-focused decision-making, where travelers actively seek policies that provide comprehensive peace of mind and financial security during uncertain times.

Partnership-Driven Distribution and Airline Integration

Strategic partnerships between insurance providers, airlines, travel agencies, and digital platforms are creating an integrated ecosystem that seamlessly embeds travel insurance into the customer journey while driving significant market growth. Vietnamese insurers are increasingly partnering with airlines and banks. These collaborations enable real-time policy integration during flight booking processes, automatic coverage activation upon ticket purchase, and coordinated claims handling between travel service providers and insurers. The Vietnam travel insurance market growth is being accelerated by innovative partnerships, as airlines are leveraging these partnerships to differentiate their service offerings while insurers gain access to high-volume customer acquisition channels and valuable travel data for risk assessment. This distribution evolution is creating more convenient, accessible, and comprehensive travel protection solutions that align with modern travelers' expectations for integrated, digital-first experiences.

Vietnam Travel Insurance Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels from 2025-2033. Our report has categorized the market based on insurance type, coverage, distribution channel, and end user.

Insurance Type Insights:

Single-Trip Travel Insurance
Annual-Multi Trip Insurance
Long-Stay Travel Insurance

The report has provided a detailed breakup and analysis of the market based on insurance type. This includes single-trip travel insurance, annual-multi trip insurance, and long-stay travel insurance.

Coverage Insights:

Medical Expenses
Trip Cancellation
Trip Delay
Property Damage
Others

A detailed breakup and analysis of the market based on coverage have also been provided in the report. This includes medical expenses, trip cancellation, trip delay, property damage, and others.

Distribution Channel Insights:

Insurance Intermediaries
Bank
Insurance Companies
Insurance Aggregators
Insurance Brokers
Others

The report has provided a detailed breakup and analysis of the market based on distribution channel. This includes insurance intermediaries, bank, insurance companies, insurance aggregators, insurance brokers, and others.

End User Insights:

Senior Citizens
Educational Travelers
Business Travelers
Family Travelers
Others

A detailed breakup and analysis of the market based on end user have also been provided in the report. This includes senior citizens, educational travelers, business travelers, family travelers, and others.

Regional Insights:

Northern Vietnam
Central Vietnam
Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets. This includes Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Travel Insurance Market News:

In December 2024, Tune Protect and AirAsia announced the launch of an enhanced version of the AirAsia Comprehensive Travel PLUS plan in Vietnam, featuring a cashless hospital admission benefit for travelers departing Vietnam. The new feature incurs no additional cost and is available through all AirAsia booking channels, including the airasia MOVE app. With this collaboration, both parties aim to enhance the travel experience by removing the financial burden of medical admissions abroad while strengthening their presence in Vietnam’s travel-insurance landscape.

Vietnam Travel Insurance Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Insurance Type Coverage Distribution Channel End User Region
Insurance Types Covered	Single-Trip Travel Insurance, Annual-Multi Trip Insurance, Long-Stay Travel Insurance
Coverages Covered	Medical Expenses, Trip Cancellation, Trip Delay, Property Damage, Others
Distribution Channels Covered	Insurance Intermediaries, Bank, Insurance Companies, Insurance Aggregators, Insurance Brokers, Others
End Users Covered	Senior Citizens, Educational Travelers, Business Travelers, Family Travelers, Others
Regions Covered	Northern Vietnam, Central Vietnam, Southern Vietnam
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Vietnam travel insurance market performed so far and how will it perform in the coming years?
What is the breakup of the Vietnam travel insurance market on the basis of insurance type?
What is the breakup of the Vietnam travel insurance market on the basis of coverage?
What is the breakup of the Vietnam travel insurance market on the basis of distribution channel?
What is the breakup of the Vietnam travel insurance market on the basis of end user?
What is the breakup of the Vietnam travel insurance market on the basis of region?
What are the various stages in the value chain of the Vietnam travel insurance market?
What are the key driving factors and challenges in the Vietnam travel insurance market?
What is the structure of the Vietnam travel insurance market and who are the key players?
What is the degree of competition in the Vietnam travel insurance market?

Key Benefits for Stakeholders:

IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam travel insurance market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam travel insurance market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam travel insurance industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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