51% of health insurance policyholders are underinsured, Apollo Munich finds : indiainfoline

As it stated in indiainfoline

51% of health insurance policyholders are underinsured, Apollo Munich finds

51% of health insurance policyholders are underinsured, Apollo Munich finds

Leading standalone health insurer, Apollo Munich Health Insurance has found that 51% of health insurance policyholders in India are underinsured, that is, have purchased low sum insured health insurance policies that would not suffice in medical emergencies.Apollo Munich studied around 7 lakh health insurance policyholders spread across 82 cities in India, and has found that both men and women across metros, tier 1 and 2 cities and towns are underinsured.At 52% men are more underinsured than women at 46%.Although the number of health insurance policyholders in India is increasing annually, people most often choose the lowest sum insured policy, without comprehending the entire process of choosing an appropriate cover.


additionally palestineherald

Council approves health insurance plan

Council approves health insurance plan

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by the same token on indiatimes

51% of health insurance holders are underinsured:Apollo Munich

51% of health insurance holders are underinsured:Apollo Munich

New Delhi, Sep 27 () Almost 51 per cent of health insurance policyholders in India are underinsured despite steady rise in policy sold, said a report Apollo Munich Health Insurance.At 52 per cent men are more underinsured, that is they have purchased low sum insured health insurance policies that would not suffice in medical emergencies, it said.Although the number of health insurance policyholders in India is increasing annually, people most often choose the lowest sum insured policy, without comprehending the entire process of choosing an appropriate cover, it said.


additionally financialexpress

Over half of health insurance policyholders are under-insured: Apollo Munich

Over half of health insurance policyholders are under-insured: Apollo Munich

Apollo Munich said some of the reasons for being under-insured are lack of awareness about how to pick the right sum insured, over-dependence on corporate health insurance coverage, willingness to pay a premium that is only up to the highest limit of rebate under Section 80D of the Income Tax Act etc.(Photo: Reuters)Apollo Munich Health Insurance has found that 51 per cent of health insurance policyholders in India are under-insured.This means they have purchased low sum insured health insurance policies that would not suffice in medical emergencies.