Finance
DoggfatherHealth Insurance Coverage Soars While Policy Sales Slide Down
Yo, listen up! In FY25, health insurance flexed its muscles, coverin' a cool 580 million lives, up from 573 million last year. But peeps ain't buyin' like before, droppin' to 26.5 million policies sold. Premiums cruised to ₹1.17 trillion, while claims settled at ₹94,248 crore. The ICR chillin' at 86.98% means it’s all good, G.
few days ago | Aathira Varier
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%.
