Seeking Alpha
Profile| Send Message|
( followers)  

China Economic Net reports that many Chinese are making
travel plans for next month's Lunar New Year seven-day holiday. This year, more are
expected to head overseas, as opposed to staying at home for
traditional family reunions.

Only a year ago, there were fewer than 30 approved travel destinations. Now, the number has more than doubled to 63.

Because of the tsunami disaster, Chinese are looking to more luxury destinations such as Japan, Australia and Europe.

And this year, increasing numbers of travelers are buying casualty accident insurance. In many big cities like Beijing and Guangzhou, figures show most
travelers who register with travel agencies are acquiring insurance as well.

The travel accident insurance provided by China Life Insurance
costs 25 yuan or about $3 for a four-to-seven-day trip,
with the maximum compensation at 100,000 yuan, about $12,000.

Source: Travel insurance on the rise