India 2020 pandemic India

₹2.2 mn in pandemic year

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health insurance policies bought on the online insurance marketplace almost doubled to ₹2.24 million during the financial year 2020-21 against ₹1.14 mln in FY19-20.The survey, which looked at how the pandemic has impacted consumer sentiment and purchase triggers when it comes to health insurance plans, found a sharp increase in awareness and demand for high cover protection policies.On the claims filed during the year, the survey found that in April 2020, of the total claims reported, only 4% were related to covid-19.

However, as the pandemic peaked in September, the proportion of covid-related claims increased to around 40% of the total claims.

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