Long Stay Travel Insurance Market Report 2026

The long stay travel insurance market size has grown strongly in recent years. It will grow from $3.83 billion in 2025 to $4.11 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growth in international mobility, rising number of expatriates and students abroad, increasing demand for extended travel protection, expansion of global work assignments, improved access to travel insurance products.

The long stay travel insurance market size is expected to see strong growth in the next few years. It will grow to $5.39 billion in 2030 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to increasing adoption of fully digital insurance platforms, rising demand for customizable coverage options, expansion of cross-border employment, growing focus on health-related travel risks, increasing partnerships with online travel platforms. Major trends in the forecast period include increasing demand for flexible long-duration coverage plans, rising adoption of digital policy management platforms, growing preference for comprehensive medical coverage, expansion of subscription-based travel insurance models, enhanced focus on seamless claim processing.

The rise in international student mobility is expected to boost the growth of the long-stay travel insurance market in the coming years. International student mobility refers to students pursuing academic programs or exchanges outside their home countries. This trend is increasing due to growing demand for quality education, as students seek better academic opportunities, global exposure, and enhanced career prospects. Long-stay travel insurance supports this mobility by providing extended coverage for medical emergencies, travel disruptions, and personal belongings, ensuring safety and peace of mind during prolonged stays abroad and improving the overall study experience. For example, in November 2024, the Institute of International Education Inc., a US-based nonprofit, reported that the number of international students enrolled in U.S. colleges and universities reached over 1.1 million (1,126,690) in 2023-2024, marking a 7% increase compared to 2022-2023. Therefore, the increase in international student mobility is driving the growth of the long-stay travel insurance market.

Leading companies in the long-stay travel insurance market are developing innovative products such as extended-duration travel insurance policies to address the demand for comprehensive coverage during lengthy international stays. Extended-duration travel insurance plans offer continuous protection for travelers staying abroad for several months up to a year or more. For instance, in March 2024, Tata AIG General Insurance Company Limited, an India-based insurer, launched Travel Guard Plus, a comprehensive travel insurance plan. This product provides flexible coverage options, including a single-trip policy valid for up to 365 days and an annual multi-trip policy covering up to 180 days per trip. It caters to diverse travel needs by offering protection against personal baggage loss, flight delays, pandemics, and adventure sports. The plan also includes customizable add-ons and assistance services such as baggage and lost passport tracking, with specialized coverage options for senior citizens and Schengen visa travelers.

In December 2024, Zurich Insurance Group Ltd., a Switzerland-based insurer, acquired the personal travel insurance and assistance business from American International Group (AIG) for $600 million. This acquisition aims to reinforce Zurich’s leadership in the global travel insurance market by expanding its customer base, distribution channels, and digital capabilities. AIG, a US-based insurer, provides long-stay travel insurance through its Travel Guard division.

Major companies operating in the long stay travel insurance market are Zurich Insurance Group Ltd., Chubb Limited, Generali Group, AXA S.A., AIG Travel, Travelex Insurance Services Inc., AllClear Travel Insurance Services Ltd., World Nomads Group Pty Ltd., DR‑WALTER GmbH, SafetyWing Inc., InsureMyTrip LLC, Brunel Insurance Brokers Ltd., Flexicover Insurance Plc, WorldwideInsure.com Ltd., Voyager Insurance Services Ltd., Outbacker Travel Insurance Plc, Alpha Travel Insurance Plc, Allianz SE Global Assistance, IMG Worldwide, Heymondo, AVI International, InsureandGo, GeoBlue, Seven Corners, Cigna Global, Aetna International, Genki Travel Insurance, DAN Travel Insurance, VisitorsCoverage.

North America was the largest region in the long stay travel insurance market in 2025. The regions covered in the long stay travel insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the long stay travel insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The long stay travel insurance market includes revenues earned by entities through premiums for extended medical coverage, trip cancellation and interruption insurance, baggage and personal belongings protection, telemedicine and virtual health services, and travel delay and missed connection claims. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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