₹25 lakh to ₹1 crore—compared with less than 2% last year.Also, among those choosing these plans, around 52% were aged 30-40 years.
Among this demographic, only 13% of buyers had pre-existing diseases.“There is a lot of awareness about health insurance now.
Moreover, there is also fear due to covid. Young, healthy people have realized that a critical illness doesn’t only happen to those in the age group of 55-60 years," said Amit Chhabra, head of health insurance at Policybazaar.The second reason is affordability. “The cost of high-sum insured plans has come down drastically this year.
So, from an average premium of around ₹35,000 last year, the price has come down to as low as ₹15,000 for plans with high cover.