In recent years, outbound travel by Chinese tourists has continued to heat up. In 2014, the number of Chinese outbound travelers (including those visiting Hong Kong, Macao, and Taiwan) exceeded that of the United States for the first time, reaching 117 million, making China the country with the most outbound travelers. Among them, trips to Hong Kong, Macao, and Taiwan accounted for 70.4%. With the frequency of travel continuing to rise, travelers’ demand for “customized” travel insurance has become increasingly evident.
Starting from October this year, mainland tourists traveling to Taiwan must purchase travel injury and sudden illness insurance, meaning the mandatory purchase of insurance reflects a growing focus on travel insurance.
It is understood that the People's Property Insurance official website (www.epicc.com.cn) has further improved its Hong Kong, Macao, and Taiwan travel insurance products, offering more comprehensive coverage. For just 17 yuan—a super low price—travelers can enjoy up to 1 million yuan in protection, providing better cost performance; even 1-year-old infants are eligible for coverage. Particularly, the “medical expense compensation” item offers up to 500,000 yuan in compensation, with a payout ratio of 100%, which has been well received by consumers.
In addition, the Hong Kong, Macao, and Taiwan travel insurance also covers 18 core protections such as credit card theft, hotel cancellation, flight cancellation, flight delays, and baggage delays. For example, if a credit card is lost or stolen and used fraudulently, up to 30,000 yuan can be compensated, and hotel cancellations can be compensated up to 20,000 yuan. For people who need to regularly travel to Hong Kong, Macao, and Taiwan, this insurance can meet both short-term travel protection needs and allow flexible scheduling of departure dates according to their itinerary, closely aligning with customers’ actual needs.
Customization is also a highlight of this product. It is divided into three types based on travel style: group tours, independent travel, and customizable options. Among these, the customizable option allows travelers to freely combine the protection items and amounts they need, assembling the required insurance coverage at a minimum of just 2 yuan per day.
Industry insiders say that Hong Kong, Macao, and Taiwan travel insurance is a currently popular type of insurance that closely meets consumers’ practical needs. This kind of customized insurance product is expected to become the mainstream in the future of travel-related insurance.