Quick Summary
Health insurance sector records Strong growth momentum with premiums exceeding Rs 1.2 lakh crore in 2024-25 Prescribed timelines and regulatory measures aim to ensure efficiency and fairness in Health insurance claim settlements India's health insurance sector continues to witness robust growth, growing at a rate of around 9%, with total health insurance premiums volume exceeding Rs 1.2 lakh crore in 2024-25. This growth reflects increasing awareness, improved access to healthcare financing,
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
Health insurance premiums have exceeded Rs 1.2 lakh crore in the financial year 2024-25.
The health insurance sector in India is growing at a rate of approximately 9%.
IRDAI has set a timeline of one hour for cashless pre-authorisation and three hours for final authorisation.
The increase is driven by factors such as an ageing policyholder base, higher coverage amounts, and enhanced policy features.
The claims paid ratio for FY24-25 was 87.50%.
Common reasons include exceeding the sum insured, co-payment clauses, policy sub-limits, deductibles, room rent capping, proportionate charges, and non-medical expenses.
CAclubindia
