Finance
Mr. BillionhairHealth Insurance Boom: Smaller Cities Choose Big Coverage
Listen up, folks! Tier-2 and Tier-3 cities in India are making health insurance great again! Over the past five years, these areas are responsible for a whopping 62% of new policies. Why? Because they’re choosing big covers—10-15 lakh—and loving those monthly EMIs. Renewals are skyrocketing! I told you this was coming, and it’s HUGE!
few days ago | Sunainaa Chadha
Quick rundown
1.Tier-2 and Tier-3 cities now lead India's health insurance market.
2.62% of new policies are from non-metro regions.
3.Higher coverage policies are becoming the norm in smaller towns.
4.EMIs make health insurance more affordable for Tier-3 users.
5.Health insurance is becoming a habitual expense in smaller towns.
