Policybazaar data shows HNI term insurance bookings doubled since 2023
In short
Policybazaar data says term insurance bookings by high-net-worth people in India have doubled since April 2023. The same data says average coverage has risen 30%, and younger buyers are helping drive the rise.
This matters for insurers and wealthy customers because more people are buying bigger policies. The report does not say the full reason for the jump or how wide the change is across the market.
What the reporting says
Policybazaar data shows term insurance bookings among high-net-worth individuals in India have doubled since April 2023, with average coverage up 30%. The publisher-supplied summary says younger buyers are driving the growth. The report does not state the exact sample size, the full timeframe behind the comparison, or why demand rose, so the broader market impact remains unclear.
Why it matters
Policybazaar data shows HNI term insurance bookings in India have doubled since April 2023, while average coverage has risen 30%. The source says younger buyers are driving the increase. This points to stronger demand in a higher-income customer segment, but the report does not give the underlying cause, the number of policies sold, or whether this trend is broad across insurers.