Half of 20s health cover buyers lapse in 3 years

Half of 20s health cover buyers lapse in 3 years. This isn't just about churn for insurers; it signals a deeper issue: a critical gap in financial literacy and risk awareness among young professionals. They view insurance as a short-term expense, not a long-term asset.

For employers: this impacts reliance on group covers and highlights a need for better financial wellness programs.

https://health.economictimes.indiatimes.com/news/insurance/half-of-health-cover-buyers-in-20s-let-their-policy-lapse-in-three-years/130458929