Health Gross Direct Premium Income Underwritten by Non-Life Insurers in India: Up to September 2024
๐ Health Gross Direct Premium Income Underwritten by Non-Life Insurers in India: Up to September 2024 ๐ The Indian health insurance sector continues to exhibit remarkable growth with key players showing impressive gains in market share and premium income. Here’s an insightful breakdown of the industry's performance: 1. ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ง๐ผ๐๐ฎ๐น ๐ฃ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ : ๐ง๐ต๐ฒ ๐ฅ๐ฒ๐๐ฎ๐ถ๐น ๐๐ฒ๐ฎ๐น๐๐ต insurance industry has grown by 18% , with total premiums reaching ₹59,607 crore, up from ₹54,711 crore last year. This 9% growth reflects increasing demand for health coverage across India, solidifying the sector's stronghold in the insurance market. 2. ๐ฆ๐๐ฎ๐ป๐ฑ - ๐ฎ๐น๐ผ๐ป๐ฒ ๐๐ฒ๐ฎ๐น๐๐ต ๐๐ป๐๐๐ฟ๐ฒ๐ฟ๐ : The Stand-alone Health Insurance sector has seen substantial growth, with a collective 23% ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ ๐ถ๐ป ๐ฟ๐ฒ๐๐ฎ๐ถ๐น ๐ฝ๐ฟ๐ฒ๐บ๐ถ๐๐บ๐ . Notably, total premiums surged to ₹17,824 ๐ฐ๐ฟ๐ผ๐ฟ๐ฒ , capturing 29.9% of the market. This indicates ...