covid-19 pandemic

Senior citizens highly under-insured even after Covid-19 pandemic: Survey

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₹5 lakh was the most bought cover with a share of 41%, while the second-most preferred choice was the sum insured of ₹5-10 lakh with a share of 24% Health policies bought by the senior citizen category (60-80 years) stood at only 15% of the overall policies sold during the April-December period, while the share for the younger age groups of 18-40 years was found to be 45%, the buying pattern of customers on insurance aggregator Policybazaar.com showed.This is despite the fact that senior citizens are most at risk from Covid-19.Also Read | The Finance Commission doesn’t rock the federal boatThe data also showed that the sum insured of ₹5 lakh was the most bought cover with a share of 41%, while the second-most preferred choice was the sum.

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