News From Press Bite-sized covers are cheaper but know the limitations too

Bite-sized covers are cheaper but know the limitations too

The premiums in these plans are low as the cover is small but they are not suited for long-term needs

Mint Jan 7, 2021

With demand for insurance shooting up after the covid-19 pandemic broke out, bite-sized plans are gradually gaining popularity. Last month, WhatsApp said it may start offering micro-insurance products from SBI General Insurance Co. Ltd on its platform soon; no further information has been released about it as yet. “Though at an initial stage, bite-sized plans are becoming popular, as they are catering to specific needs, with lower priced premiums," said Indraneel Chatterjee, co-founder and principal officer, Renewbuy.com, an online insurance aggregator.

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