New Delhi, Dec. 4 -- Health insurance is typically seen as a safety net that comes into use during hospitalisation only. However, this phenomenon has undergone a sea change this year with a shift towards consumption-first covers. Policyholders of health insurance have shifted towards consumption-led policies, which they could use in real-time, as per a report by Policybazaar.

The report provided some interesting insights into health insurance after evaluating a large number of policies over a one-year period. These are some of the insights: maternity adoption grew 150-180% year-on-year. OPD remained strong with 10-15% adoption and 40% utilisation. Also, Health Wallets saw early traction and 96% of maternity buyers turned out to be first-...