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Title : Dealers Insurance - 40% of online buyers buy health insurance of Rs 5 lakh
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Dealers Insurance - 40% of online buyers buy health insurance of Rs 5 lakh

Dealers Insurance - 40% of online buyers buy health insurance of Rs 5 lakh

Nearly four out of 10 consumers, of 40% of those purchasing health insurance online prefer a minimum cover of Rs 5 lakh, according to a study by Policybazaar.com Product & Innovation Centre (PIC). The study took into account the buying behaviour of 10,000+ consumers purchasing health insurance online across 20 states.

Nearly 22% of consumers surveyed opted for Rs 3 lakh cover while 12% opted for Rs 10 lakh cover.

According to the study, those in the age group 26-45 years were th emost active when it came to buying health insurance online. Of those surveyed, nearly 75% belonged to this age group, while 12% belonged to the 45-60 years age bracket.

Commenting on the health insurance study, Vaidyanathan Ramani, Head of Product & Innovation Centre (PIC), Policybazaar.com, said, "Healthcare costs are rising at an astronomical rate. As such, what was a Rs 2-lakh average health cover bought two-three years back has become a Rs 5-lakh cover today."

source : https://www.dnaindia.com/personal-finance/report-40-of-online-buyers-buy-health-insurance-of-rs-5-lakh-2672785

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