Policybazaar.com sells 400,000 health policies in April-December 2020

Covid-19 pandemic and increased awareness about health plans, along with factors such as flexible payment options and availability of higher sums insured created a surge in demand

Online aggregator Policybazaar.com has sold 400,000 health insurance policies for an aggregate sum assured of Rs 7 trillion, insuring one million lives in April–December of 2020.

The Covid-19 pandemic and the increased awareness about health insurance, along with factors such as flexible payment options and availability of higher sums insured contributed to the surge in demand for such products.

The onset of the pandemic made people realise the importance of getting themselves covered and this led to a huge uptick in inquiries for health products across the spectrum. During the months of April–December, Policybazaar saw over 10 million visitors, of which 65