Omicron impact: Demand for health insurance products picks up pace

Recent data suggests that non-life insurers have settled more than 2.75 million Covid health claims

With Covid-19 cases across the country rising rapidly once again, demand for health insurance products has spiked. Insurers are seeing an uptick in inquiries for such products and underwriting more premiums in the segment.

Already, health insurance was growing at a rapid pace since the onset of the pandemic as awareness around risk had heightened among consumers. But the country recorded more than 600,000 Covid-19 cases in the past week, which is almost a six-fold rise than the previous week.

Owing to this, the spike in demand for health insurance products is inevitable, experts said.

But the peculiar difference this