A personal finance advice platform, on Tuesday has released its comprehensive 2015 health research report. The study conducted by BigDecisions reveals 95% of middle-class Indians do not have enough health insurance to cover some of the most common procedures and ailments in the country. Surprisingly, consumers above 45 who are at higher risk of health problems and closer to retirement, are least prepared for emergencies as they are under-insured by an average of 69%.
The study is based on data obtained from 10,000 consumers across eight major cities, aged 25 to 45 and in the income bracket ranging from Rs 6 to 36 lakh annually. It’s the first-of-its kind report to combine macro and public data with real statistics, and aims to jump start a long overdue conversation between consumers, insurance companies, employers, healthcare providers and regulators.