30% People Don't Buy Health Insurance Due To High Premium: Study
30% People Don't Buy Health Insurance Due To High Premium: Study
The study revealed more than 60% think medical procedures are cost-effective in India but 5 out of 10 patients in tier 2 and 3 cities still travel to metros

A new study by healthcare provider Pristyn Care found that 3 out of 10 people across cities in India don’t buy health insurance due to high premiums. Additionally, approximately 34% of people do not have much awareness about which health insurance to buy.

The study was conducted among 3,150 people in Mumbai, Delhi, Gurugram, Noida, Chennai, Bengaluru, Kanpur, Patna, Kochi and Vijayawada.

Also Read: Employer-Sponsored Health Insurance Cost Expected To Rise By 11% In 2024: Report

The study highlighted that Covid-19 pandemic with its unpredictability and deadly consequences underscored crucial lessons in healthcare and how the system needed to be more resilient and adaptable in the coming times.

The rapid spread of the virus overwhelmed hospitals, strained supply chains and caught us unaware.

The survey revealed that around 45% of people bought health insurance after the pandemic, while around 42% increased their insurance limit – which shows the importance and value of health coverage.

The study also revealed that more than 60% think medical procedures are cost-effective in India but 5 out of 10 patients in tier 2 and 3 cities still travel to metros for better treatment.

When asked about what aspect of the healthcare system in India requires the most improvement, 30% mentioned affordability of medical treatment and 24% mentioned that the quality of healthcare professionals should improve.

On the bright side, 7 out of 10 respondents in metro cities report that they are satisfied with the current state of surgical care accessibility in the city. These findings highlight that India is striving to achieve Sustainable Development Goals, recognising healthy people as the cornerstone of healthy societies and economies.

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