health insurance coverage and intend to increase the coverage amount. The rising cost of hospitalisation seems to be a trigger for the increased awareness among retirees.
The study by Bajaj Capital was conducted across metros and non-metro in India with a sample size of 799 respondents. It targeted males and females in the age group of 55-65 years.
The sample was further divided into two groups – existing policyholders and intenders looking to buy/enhance coverage in the next three months.
While 75% respondents reported a lack of adequate coverage for themselves, nearly 39% respondents realised that they do not have any health insurance for their spouses.