Buying a life insurance or a health insurance has become a dominant need for Indian customers in the wake of COVID-19 pandemic, a survey has found.
The survey by SBI Life Insurance in partnership with Nielsen showed that 80 percent (8 out of 10) Indians believe that buying life insurance is key.
Similarly, 75 percent (7 out of 10) who don’t have a critical illness health plan are planning to buy it within the next three months. This is to help address the rising medical costs and financial burden on the family due to rise in ailments like COVID-19, amongst others.
The survey was conducted among 2,435 people across the country.
Ravi Krishnamurthy, president-zone 1, SBI Life Insurance said health has been a key focus among Indian customers ever since the pandemic broke