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Consumers gravitating towards higher sum insured in health policies

Covid drives awareness of need for health insurance, consumers also buying plans in the range of Rs 25-50 lakh

Topics
Health Insurance | health insurance policy | medical costs

Subrata Panda  |  Mumbai 



Representative Image
According to data compiled by Policybazaar.com, the age group of 30-40 holds the highest share in buying the high sum insured policies i.e. 52 per cent.

Covid-19 has not only ensured heightened awareness on the need for among consumers who were earlier averse to the idea of buying covers, but it has also resulted in people opting for higher sum insured in products.

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First Published: Tue, December 15 2020. 16:23 IST

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