Jeju Air "Travel Insurance Subscribers... Increased 11 Times"

Jeju Air announced on the 28th that the number of subscribers who purchased travel insurance through its official website this year has increased approximately 11 times compared to the previous year.

From January to May this year, a total of 35,203 customers purchased travel insurance through Jeju Air’s travel insurance subscription service on its website. This is about 11 times more than the 3,287 subscribers during the same period last year. In particular, the number of overseas travel insurance subscribers during the same period increased about 66 times compared to the previous year.

Looking at the monthly subscription trends, the number of subscribers was 7,042 in January, but due to the off-season effects such as school reopening in February and March, the numbers temporarily declined to 4,496 and 3,915 respectively. However, the numbers sharply increased to 8,746 in April and 11,004 in May.

This rising trend in Jeju Air’s travel insurance subscriptions is analyzed to have started from October last year, when COVID-19 related quarantine measures were eased in various countries including South Korea, such as the removal of mandatory COVID tests upon entry and Japan’s allowance of visa-free entry.

The average monthly number of subscribers from January to May last year was only about 660, but it gradually increased to 2,130 in August and 2,382 in September, then sharply rose to 3,370 in October, 4,080 in November, and 4,919 in December. In particular, the number of overseas travel insurance subscribers during the same period was 1,678 in August, 2,054 in September, 2,992 in October, 3,676 in November, and 4,490 in December, accounting for more than 87% of the total subscribers.

With the full-scale reopening underway, domestic airlines including Jeju Air have actively expanded air routes, and pent-up travel demand has exploded, which is interpreted as a reason for the increase in travel insurance users. As the peak vacation season approaches, travel demand is expected to continue rising for the time being, and the increase in travel insurance subscriptions is also expected to continue.

Since October 2019, Jeju Air has provided a service that allows customers to purchase travel insurance immediately during the additional services selection step when buying airline tickets through its website. In response to the recent increase in demand for travel insurance subscriptions, Jeju Air simplified the subscription process starting in April to enhance customer convenience.

A Jeju Air official said, “Interest in travel insurance seems to be increasing as concerns about health and safety during travel have grown after COVID-19,” adding, “We are striving to improve customer convenience with various services in line with changing travel trends.”

This content was produced with the assistance of AI translation services.