According to the survey, while the health and life insurance categories have seen significant growth in the personal insurance segment, the pandemic has also increased awareness and acceptance of health and term life insurance in the corporate insurance segment In a recent survey by Elephant.in on insurance being brought by corporate employees in India, the organisation shared some interesting facts regarding the growing demand in this category.
Notwithstanding the COVID-19 pandemic’s negative effects on the global and national economies and health systems, its single but most powerful positive effect was to raise awareness of the value of insurance.
According to the survey, while the health and life insurance categories have seen significant growth in the personal insurance segment, the pandemic has also increased awareness and acceptance of Health and Term Life insurance in the corporate insurance segment.
Likewise, motor insurance has witnessed high demand from corporate employees as well. Also, there is a rising need to understand individual corporate insurance among businesses, employees, and other stakeholders.