Mint finds out more on the scenario from Ajay Shah, director and head-retail sales, Care Health Insurance:What is the response of buyers when asked to avail of health cover?In India, most people buy health insurance not due to conscious motivation to cover their health, but as a basic input for financial planning or they end-up following someone in their family or social circle who have recently opted for a health cover.Also Read | Six wrong calls on post-covid economyAccording to Statista, a German company specializing in market and consumer data, health insurance penetration increased to around 35% in 2018.
Of those who have some form of health insurance, three-fourths are covered by various government schemes, such as Ayushman Bharat.