Climate change, daily stress turn health into financial risk: Survey

Mumbai: On World Health Day, findings from Aditya Birla Sun Life Insurance’s A-Nishchit Index 2.0 show a shift in how Indians perceive health—from an occasional concern to a continuous financial risk driven by climate change and daily stress.

Environmental factors are now the second-largest source of anxiety, contributing to India’s uncertainty score of 79.

Health risks are no longer viewed as distant. About 81 per cent expect worsening pollution, while 82 per cent are concerned about rising healthcare costs, highlighting the growing link between environmental conditions, physical wellbeing and household finances.

The impact varies regionally. In the North, respondents report climate-linked illnesses and disrupted routines, while the East shows heightened concern around elderly care. The South points to rising temperatures and vector-borne diseases, and western metros like Mumbai cite pollution and heat affecting productivity—indicating that while climate risk is widespread, its financial impact is localised.

Frequent illnesses linked to pollution, extreme heat and seasonal outbreaks are placing repeated financial strain on families. Concerns include respiratory issues, fatigue, cancer risks and recurring medical expenses. Events such as heatwaves, floods and seasonal diseases are increasingly seen as recurring disruptions.

Despite rising awareness, preparedness remains low. Nearly 79 per cent are unsure if their insurance covers serious illness, and 80 per cent doubt they have adequate savings for emergencies. Mental health is also a growing concern, with 81 per cent reporting issues, though most hesitate to seek professional help.

The report underscores the need for stronger financial planning, better insurance coverage and greater focus on mental wellbeing as climate-linked risks intensify.