₹4-5 lakh. According to the company, they are seeing a greater uptake from tier-II and-III cities.During the same time, Max Bupa Health Insurance sold close to 8,000 policies and about 80% of the policies sold were for the tenure of 9.5 months and 90% of the buyers went for the ₹5 lakh sum insured, which is the maximum allowed under the policy construct.
The insurer experienced the highest demand from Bengaluru and Hyderabad.“So far, the highest purchase for Max Bupa Corona Kavach plan is by millennials as 43% buyers are in the age group of 18-30 years.
The trend shows that there is a demand for short-term covid-19-specific covers, especially among the first-time buyers of health insurance.