Now Reading: Healthcare costs top financial worry for corporate India: survey
-
01
Healthcare costs top financial worry for corporate India: survey
Rising healthcare costs have overtaken job security and EMIs as the biggest financial worry for corporate India, according to a Tata AIG survey. The survey of 748 employees aged 28-55 across eight…
The Story in Brief
Rising healthcare costs have overtaken job security and EMIs as the biggest financial worry for corporate India, according to a Tata AIG survey. The survey of 748 employees aged 28-55 across eight cities found that 90% said unexpected medical expenses cause financial stress.
Nearly seven in 10 respondents said they could sustain themselves for six months or less if they lost their job. While 84% consider additional health cover important, nearly half lack personal insurance beyond their employer-provided group medical cover (GMC). Only 41% are fully aware of their GMC benefits.
The Indian Opinion
The claim that healthcare costs are the top financial worry for corporate India is based on a survey of 748 employees in eight cities. While this sample is urban and formal-sector focused, it misses the vast majority of Indians who lack any employer coverage. The real test will be whether the findings prompt insurers and employers to offer portable, individual policies rather than just group plans. How many of the 90% who fear medical expenses will actually buy a personal health policy this year?
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
