Health Insurance Coverage Surges While Policy Sales Slip

In FY25, health insurance covered a whopping 580 million lives, even though policy sales dipped to 26.5 million. Premiums soared by 9.12% to reach ₹1.17 trillion, and insurers settled 32.6 million claims, paying out ₹94,248 crore. The claims ratio improved slightly to 86.98%. Quite the rollercoaster in the health insurance world!

Quick rundown

1.Health insurance coverage in India rose to 580 million lives in FY25.

2.Despite fewer policies sold, premiums grew by 9.12% year-on-year.

3.Government schemes covered 42.3% of insured lives.

4.58% of claims were settled via cashless transactions.

5.Group insurance accounted for the largest premium share at 52.3%.

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