Finance
EnglishHealth Insurance Premiums Soar 27% in January Surprise
In January, health insurance premiums skyrocketed by 27.17%, reaching ₹5,414.54 crore! General insurers enjoyed a 20.4% boost, while standalone health insurers soared with a 32.3% increase. The government schemes played a big role in this growth, helping private players grow by 17%, while public players lagged behind. What a wild ride in the insurance world!
few days ago | BS Reporter
Quick rundown
1.Health insurance premiums soared by 27.17% YoY in January.
2.Standalone health insurers saw a 32.3% YoY growth.
3.Government schemes fueled a significant rise in health segment growth.
4.GST rate rationalization boosted individual retail health insurance policies.
5.Public insurers faced a slight decline, while private players thrived.
