In a recent update, Indian passport has emerged as the second cheapest passport in the world after that of UAE. Indian passports are also the cheapest in terms of cost per year of validity. However, with an Indian passport, people can only travel visa-free to 62 countries. The first place occupied by the United Arab Emirates is the cheapest in terms of acquisition cost and the number of countries with visa-free access.
The Indian passport is a gateway to the world, embodying the aspirations and identity of millions of Indian citizens. With its deep blue cover adorned with the national emblem, it symbolizes opportunity and the spirit of global citizenship.
Read more: Top 5 Most Affordable International Destinations for a Summer Vacation
The study was carried out by Compare the Market AU, an Australian company. It studied the cost of acquiring passports from different countries and the cost-effectiveness per year of validity as well as their value in terms of the number of countries to which it provides visa-free access.
The study found that Mexico was the most expensive passport, costing $231.05 for 10 years. Australia was a little cheaper, at $225.78 for a 10-year passport.
International destinations you can fly to directly from Mumbai
FacebookTwitterPinterest
According to a press release from the company, India had the second cheapest passport on the list, costing $18.07 for a 10-year validity, while the UAE had $17.70 for a passport. 5 years old.
In terms of cost per year of validity, India had the cheapest passport, costing $1.81 per year. South Africa and Kenya are in second and third place, with around USD 3.05 and USD 3.09 respectively.
Read more: Experience the Magic of Munsiyari This Summer: A Guide to an Unforgettable Vacation
The release further mentioned that travel insurance comparison experts compiled a list of passport fees around the world and compared them based on price, years of validity and strength, finding that passport strength of some countries may have a high price.
Although Indian passports offer economic benefits, their visa-free access is limited, unlike countries like Australia, the United States and Canada, which, despite their passport power, have to pay relatively higher fees.
Given the importance of passports, many opt for travel insurance to mitigate expenses incurred in the event of loss, theft or damage abroad. Adrian Taylor, Executive Managing Director of General Insurance at Compare the Market, highlights the value of travel insurance in reducing stress in the event of unforeseen circumstances and ensuring peace of mind while traveling.
He said: “No one wants to be stressed while on holiday. Damage, loss or theft of your important documents is an unfortunate risk that many people face when abroad. Depending on your policy, travel insurance can help cover the cost of a replacement if you need to request one,” says Taylor.
