Health insurance renewals in India have reached record highs in FY26, thanks to the rising popularity of modular, affordable, and high-cover policies, a report by Policybazaar shows.The report highlighted that over the past two years, plans designed with consumer convenience in mind, catering to different ages, city tiers, and pre-existing conditions, have made health insurance more accessible than ever.“Health insurance renewals touching all-time high persistency in FY26; Modular, cost-effective and high-cover policies drive surge,” the report said, as cited by ANI.One of the main drivers of this growth is new-generation modular plans that offer cumulative bonuses and other modern benefits. These features allow coverage to grow each year automatically, even if no claims are made, giving policyholders more value for a minimal extra premium.Awareness about health risks is also rising, with lifestyle diseases like diabetes, hypertension, cholesterol, asthma, heart disease, and obesity prompting more people to maintain coverage. Policybazaar reported that customers with lifestyle diseases now make up 25% of its new business.Many policyholders also choose to upgrade plans at renewal by adding riders, including bonus cover riders, which now have an attachment rate of 15%, ANI reported.The report found that people aged 30 and above, who account for around 80% of the customer base are the most likely to renew. Family floater plans also show higher renewal rates than individual policies. Strong renewal trends were observed across both metro and smaller cities, indicating growing health insurance awareness nationwide.
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