The importance of insurance has grown multifold in recent times. With hospitalization expenses running into lakhs during the treatment of coronavirus, many families had to either borrow from friends, relatives or dip into their savings to meet the cost of hospital bills. Even an untimely death in a family left many families financially stranded in the absence of adequate life insurance coverage.
While the importance of insurance has increased and the need to go for an insurance policy is felt more than in the past, are people actually moving on in the right direction? To find out how the buying behavior and the perception towards insurance have changed especially after the outbreak of Covid-19, FE Online got in touch with Kapil Mehta,
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