Covid-19 Sparks Surge in Health Insurance: Premiums Rise 73% and Sum Assured by 240%
2025-02-25
Business Standard
The Covid-19 pandemic has led to a significant increase in health insurance demand, with Turtlemint's data revealing a 73% rise in premium per policy in Tier 2 and Tier 3 cities since 2020. This surge in health insurance uptake has also resulted in a substantial 240% increase in the total sum assured, indicating a growing awareness of the importance of health coverage. As the healthcare landscape continues to evolve, insurance providers are adapting to meet the changing needs of consumers, with a focus on comprehensive health insurance plans and digital distribution channels. Key trends include increased adoption of online health insurance platforms and a growing demand for affordable health insurance options.
