Low demand for health insurance plans among senior citizens during pandemic

Share of policies bought by the elderly aged 60-80 years stands at 15%, compared with 45% share of those aged 18-40 years

Even as the demand for health insurance in the country peaked due the ongoing pandemic, data from insurance aggregator Policybazaar.com suggests that purchase of health policies by the senior citizen category was lower than in other age categories.

According to data shared by Policybazaar.com to Business Standard, the share of policies bought by the senior citizen category in the age-group 60-80 years stands at only 15 per cent, whereas the share for the younger lot in the age bracket of 18-40 years was found to be 45 per cent. This is despite the old people being tagged as more vulnerable to