New Delhi: As per the report by HDFC securities, there are high searches for insurance from the state of Haryana, Maharashtra and Karnataka, post COVID-19 pandemic.
Reports add that, a study of past pandemics such as SARS and MERS demonstrates an increased in insurance sales of health during the pandemics and post-pandemic.
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Life insurance companies are expected to be key beneficiaries of term insurance sales, while the companies with a greater dependence on ULIPs are likely to be impacted significantly.
Since the last three months, search for ‘Health Insurance’ and “COVID Insurance” saw sharp rise, post COVID-19 outbreak.