More mediclaim buyers use EMIs to buy policies

Most people opting for EMI mode are new-to-insurance customers. “As high as 40-45% in the EMI segment are first-time buyers. About 40% opt for health coverage of Rs 5-10 lakh, and another 40% opt for the Rs 25 lakh-Rs 1 crore sum insured,” said Policybazaar business head (health) Amit Chabra.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/insure/health-insurance/more-mediclaim-buyers-use-emis-to-buy-policies/articleshow/79054846.cms