Why health insurance with OPD covers are growing popular in India? Check top plans with OPD cover

livemint.com:

Also Read: 5 key reasons health insurance is crucial for young adults' future securityThe main reason behind the growing popularity of OPD coversand riders is the increasing preference for comprehensive coverage that extends beyond conventional inpatient services. Eighty percent of customers cite the accessibility to doctor consultations and diagnostic tests as one of the main reasons behind opting for OPD benefits in insurance plans.Also Read: Health insurance: New rule for faster cashless approvals might get off to a slow startThe Policybazaar data suggests that millennials constitute a large share of insurance holders looking for additional OPD cover as an inbuilt feature or a rider in their plans.

Of all the customers who opted for an OPD rider or an insurance plan with OPD cover, 50% have actively utilised the OPD services.Also Read: Why you should buy health insurance plans for your familyDespite the growing popularity of OPD coverage in health insurance, only a limited number of health insurers provide this feature in their basic plan. However, customers can still opt for OPD coverage with the help of an additional rider.

According to PB data, 47% of customers opting for this feature fall within the 31-45% age bracket, whereas 34% of the customers are in the 18-30 segment.Also Read: Why is health insurance crucial for working women? Here are 4 key reasonsMost of these insurance plans are popular in Tier 1 cities, as nearly 45% of people opt for insurance with health benefits from Tier 1 cities. Second is the tier-3 category, as people living in these cities make up 35% of customers opting for health insurance with OPD benefits.Certain cities exhibit a higher concentration of customers opting for plans with OPD