During coronavirus pandemic, the demand for health insurance policies has seen a huge spurt last month. With the growing number of Covid 19 positive cases in India, it seems that people have become more aware of the importance of having health insurance. Apart from this, health insurers are doing their best to ensure seamless services and support their existing policyholders. Here’s how Covid 19 has impacted health insurance growth. Online sale of health insurance Generally, every year in March the health insurance industry witnesses a higher growth in sale of health insurance policies. This is because people normally rush to buy policies before the end of the financial year to save tax. Premium paid for health insurance policies is deductible from income, subject to certain conditions and limits, before levy of tax. Spurt in sale of online health insurance policies in March Amit Chabbra, Head – Health Insurance -Policybazaar.com said that in terms of sale of health insurance policies, they witnessed a growth of 20-30 percent in a span of 25 days in March (from March 6 to March 31) as compared to February month (the non-corona time). “More precisely the number of health policies issued in March were approximately… Read full this story
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Health insurance online sale spurts up to 30%, offline sales fall due to coronavirus impact have 292 words, post on economictimes.indiatimes.com at April 11, 2020. This is cached page on GameMax. If you want remove this page, please contact us.