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Insurers are unable to push health plans despite a demand uptick. Reason: lack of bandwidth

There has been a spike in demand in health insurance plans post the Covid-19 outbreak. However, insurers are finding it difficult to convert the queries into actual business. This is because they are yet to come out with customised offerings. Even agents are not trained enough to sell products online.
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kumud-das
19 May 2020 9 Mins Read 1 comments
Concept by Muhabit ul haq Getty Images
Concept by Muhabit ul haq
For long, chronic health under-insurance has plagued India. Blame it on low consumer awareness and insufficient healthcare infrastructure, which have hindered the wide reach of health coverage. However, since the Covid-19 outbreak, people have realised the importance of having an adequate health-insurance policy. The situation provides a golden opportunity to insurers, but alas, they are unable to convert it
apps and web aggregators for the sales, he adds. IRDAI has asked insurers to come out with products for various specific diseases, including vector-borne diseases under sandbox regulations. Companies are also advised to design products to take care of the cost of treatment of coronavirus – it’s a work in progress. ( Graphics by Abdul Shafiq)
For long, chronic health under-insurance has plagued India. Blame it on low consumer awareness and insufficient healthcare infrastructure, which have hindered the wide reach of health coverage. However, since the Covid-19 outbreak, people have realised the importance of having an adequate health-insurance policy. The situation provides a golden opportunity to insurers, but alas, they are unable to convert it apps and web aggregators for the sales, he adds. IRDAI has asked insurers to come out with products for various specific diseases, including vector-borne diseases under sandbox regulations. Companies are also advised to design products to take care of the cost of treatment of coronavirus – it’s a work in progress. ( Graphics by Abdul Shafiq)

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