According to statistical data, policy Bazar has sold over 10 lakh health insurance policies from April-December, 2020, after IRDAI declared to include covid in all health insurance policies like any other disease. This increase in the sale of insurance policies depicts the awareness of the necessity for insurance among people. Hence, the pandemic somehow helped the insurance sector evolve, by creating an impact on people and making them understand the need for insurance amid this surge of medical expenses.
