Addressing this evolving need, ASEGO has introduced its Visa Rejection Protection Product to help safeguard travellers against financial losses arising from visa-related trip cancellations.
BOTT DESK
According to industry estimates, Indian outbound travel is expected to cross 50 million international trips annually by 2030, driven by rising disposable incomes, easier global connectivity, and growing aspiration-led travel. At the same time, destinations like the Schengen region, the UK, the USA, and Canada continue to remain among the most preferred international markets for Indian travellers.
But alongside this boom, another trend is rapidly emerging — increasing visa-related uncertainty. Today’s travellers are booking earlier than ever to lock in lower airfares and hotel prices. According to global travel booking trends, advance international bookings have increased significantly post-pandemic, which means travellers are making substantial non-refundable payments before their visas are approved. Flights, hotels, cruise bookings, activities, and internal transfers are often paid for weeks or even months in advance. In cases of visa rejection or denial, these expenses can quickly turn into unforeseen financial setbacks.
Travel advisors are now managing customers who are not only concerned about the trip experience, but also about protecting the money invested before the journey even begins. As international travel becomes more documentation-driven, financial protection during the visa stage itself is emerging as a growing requirement.
Recognising this shift, ASEGO has exclusively designed its Visa Rejection Protection Product, aimed at safeguarding travellers against visa-related cancellation losses.
The protection offers coverage of USD 500 towards visa rejection-related trip cancellation expenses. It also helps safeguard non-refundable hotel bookings, flight costs, and unused tour packages, reducing the financial burden caused by unexpected visa denials.
Speaking on the growing need for such solutions, Dev Karvat, Founder & CEO, ASEGO Global Assistance & Travel Insurance, said, “International travel today starts much before departure. Travellers are committing significant amounts towards bookings even during the visa stage, and that has created a new layer of financial vulnerability. Visa uncertainty has become a genuine concern for both travellers and travel partners. With this solution, we wanted to create a practical protection layer that addresses a very real and growing gap in the travel ecosystem.”
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