Choose a high-value health insurance policy for wide coverage amid Covid-19

Buy one at the earliest as underwriting norms tend to be strict in them

Owing to the pandemic, there is a newfound urgency among buyers to purchase adequate health insurance. Not only are financial advisors recommending higher covers, buyers themselves are prepared to go beyond the Rs 5 lakh cover that was the norm earlier.
 

High sum insured plans range from Rs 25 lakh and Rs 1 crore. Over the past two months, web aggregator Policybazaar saw 35 per cent of first-time buyers go for high sum insured policies, compared to less than 2 per cent a year earlier.
 

The pandemic has clearly led to a drastic change in attitudes. Amjad Khan, director and