New Delhi, April 18 -- A latest survey by fintech firm PolicyBazaar highlights a significant disconnect between consumers' intentions, awareness, and actual ownership of health insurance in India. While 28.3% of the 3,955 respondents identified health insurance as a "must-have" product for their financial planning, only 18.7% owned health insurance policies.

This ownership gap exists despite high awareness levels; nearly 83% of respondents claim they understand health insurance as a financial product and recognise its importance. Additionally, over one-third of respondents have considered purchasing health insurance, and about 23% had owned policies in the past but have allowed them to lapse.

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