In India, health and specialised health insurers have been rolling out focussed health insurance covers against COVID-19 in the last 3 months. The demand for health insurance has witnessed a significant rise with the government lockdown and coronavirus pandemic. There is a positive impact of COVID-19 as more and more people have started investing in health plans.
As per available statistics, health insurance-related queries have gone up by 50 per cent and the talk time has also increased significantly over the past couple of weeks. The COVID-19 outbreak is most likely to boost growth in health insurance in a relatively under-insured market by increasing the health insurance penetration rate.
Increase in Demand for Plans with Higher Coverage
Apart from a rise