New Delhi, Aug. 21 -- On the occasion of World Senior Citizens Day, a report by PolicyBazaar has highlighted that senior citizen health insurance in India has witnessed strong growth in recent years, recording a 50-60 per cent compound annual growth rate (CAGR) over the last four years.

The report noted that the majority of health insurance policies for senior citizens are purchased in the 60-65 age bracket.

It stated "Approximately 6 in 10 health insurance policies are purchased between ages 60-65, with this bracket alone accounting for approx. 57 per cent of all followed by a steady rise in the 66-70 segment as awareness and health risks increase".

The data further revealed that around 65 per cent of health insurance policies for sen...