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Half of health cover buyers in 20s let their policy lapse in three years

Half of health cover buyers in 20s let their policy lapse in three years
Half of health cover buyers in 20s let their policy lapse in three yearsA significant number of young Indians, aged 24-34, are abandoning health insurance within three years of purchase. Affordability and a perceived lack of value, especially when healthy, are key drivers. Many view premiums as a sunk cost, preferring return-generating investments. Product gaps and distribution challenges also contribute to this concerning trend.

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